Important Update: Changes to the Residential Tenancy Act Effective July 18, 2024 SOPM wishes bring to your attention significant updates to the Residential Tenancy Act (RTA), set to take effect on July 18th, 2024. These changes introduce a new digital platform...
The landscape of rental regulations in British Columbia has recently undergone significant shifts in 2024, with updates to the Residential Tenancy Act impacting both landlords and tenants alike. As a leading property management company, it’s SOPM’s...
As the implementation of provincial legislation approaches in May 2024, which restricts short-term vacation rentals like Airbnb, many property owners are reevaluating their options. Apart from selling, transitioning to long-term residential tenancy emerges as the most...
1. Change the air filters in the home: If you have a central air conditioning system, change the air filter regularly. If you have a window air conditioning unit, remove from the window or place a waterproof cover over it to prevent damage during the winter. Change...
On November 24, 2022 the Strata Property Act was amended to remove sections of the Act that permitted residential rental restrictions. Strata corporations in British Columbia can no longer pass bylaws that restrict rentals or control who may be the tenant, age related...
Planning a family vacation is an exciting endeavour, and choosing the right accommodation plays a crucial role in ensuring a memorable experience. While hotels have long been the go-to option, vacation rentals are gaining popularity among families seeking a more...
We wish to take this moment to thank all of our amazing landlord clients and residents for an award-winning banner year, with an immense market share increase. South Okanagan Property Management was awarded “BEST IN PROPERTY MANAGEMENT” in Best of Penticton...
After nearly a year of study and debate among city council for hours, Penticton city council has decided on “improved status quo” to permitting vacation rentals and rejecting the policy requiring on-site operators. Vacation rentals are permitted with appropriate...
Technology can be your friend when used properly. Here is a list of smart devices you can use for your STR. Smart Lock: These locks connect to wifi and allow you to give access to anyone from anywhere. They give your guests contactless check-in and you are able to...
When you decide to turn your property into a short-term rental there are a few things you need to consider: Does your municipality allow short-term rentals Apply for a short-term rental license. Property insurance policy indicating the home will be used for short-term...
