Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What are the biggest landlord risks in Saskatoon?

The biggest risks for a Saskatoon landlord are vacancy, deferred maintenance and a problem tenant, in roughly that order of frequency. None of them show up in a rent roll until they happen, and each one can erase a year's worth of margin faster than a rent increase can rebuild it.

The Residential Tenancies Act, 2006 sets the rules a landlord has to follow for notice, entry and ending a tenancy, and getting any of those wrong turns a manageable situation into a dispute at the Office of Residential Tenancies that costs time and legal fees to resolve.

Property tax reassessment by the City of Saskatoon and rising insurance premiums add cost pressure that has nothing to do with the tenant at all, and a landlord who has not checked either in a few years is often underpricing the real cost of holding the property.

A landlord unsure whether the property still pencils out should compare its current value against those real carrying costs before deciding to keep renting it. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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