| The housing slump of the past few years has lent | | | | Company, Hope Street Real Estate Corp. |
| itself to the invention of the Accidental Landlord. | | | | The first, and clearly the most important tip, |
| Loosely defined, an Accidental Landlord is | | | | relates to establishing a positive, truthful |
| somebody who has attempted to sell a property | | | | relationship with your tenant. It has been our |
| at a price that the market deemed as being | | | | experience that most tenants will feel marginalized |
| unrealistic, and as a defensive maneuver, has | | | | if faced with real estate agent advising them that |
| elected to rent out. The good news of course is | | | | their home is about to be put on the block. As a |
| that the trend of house prices spiraling downward | | | | landlord, be sure to discuss such intentions with |
| seems to be at its end. Accidental Landlords are | | | | the tenant prior to any actual listing contracts |
| nearing the end of their accidental occupation and | | | | being signed, or any marketing of the home |
| that new lease on life that renting provided is | | | | beginning. Offering the tenant the opportunity to |
| growing increasing less necessary. | | | | purchase the house, at a discounted price in lieu |
| The problem for Accidental Landlords now | | | | of realtor fees, is a smart move that will inform |
| becomes that of how to sell a property that is | | | | the tenant of your plans and provide a respectful |
| tenant occupied. The remainder of this article will | | | | and tasteful solution to what can often be a |
| provide some insights and tips we have learned | | | | problematic situation. |
| through our Calgary Property Management | | | | |