How to Safely Rent a Property in 2024? | Folio Group

How to Safely Rent a Property in 2024?

602-838 Broughton Street, modern condominium listed by Folio Group at Clover Residential in Victoria BC
Continue reading How to Safely Rent a Property in 2024?

Victoria, BC, is a city that effortlessly captures the hearts of those who visit. With its stunning coastal views, vibrant neighborhoods, and a lifestyle that balances both relaxation and adventure, it’s no wonder so many people are looking to call this city home. But as beautiful as Victoria is, finding the perfect rental here can feel like trying to find a needle in a haystack. At Clover Residential, we get it—especially because some of us have been through the process ourselves.

When I relocated to Victoria in June 2024 to join Clover Residential, I quickly realized just how tricky the rental market can be, particularly from 5,000 kilometers away. As the person behind this blog, I encountered everything from unresponsive landlords to listings that looked fantastic online but were far less appealing in reality. And let me tell you, it’s not easy to make informed decisions when you’re that far from the action. That’s why I’m sharing these tips—not just from my professional experience, but from my personal journey of finding a place to call home in this incredible city.

Understanding the Market

Victoria’s rental market has been heating up throughout 2024. With more people flocking to this beautiful city, available properties are being snapped up almost as soon as they’re listed. If you’re on the hunt, staying on top of new listings is crucial. Keep an eye on traditional real estate websites, but don’t overlook social media platforms like Facebook Marketplace and Craigslist. However, a word of caution: while these platforms can be treasure troves of opportunity, they can also be rife with scams. I’ve seen it firsthand—scammers pulling photos from legitimate listings and reposting them to lure in unsuspecting renters.

That’s why it’s so important to verify the legitimacy of both the property and the landlord. If you’re not able to visit in person, consider asking a friend or colleague in Victoria to check the place out for you. If that’s not possible, and you’re interested in one of our rentals at Clover Residential, we’ve got you covered. We offer virtual tours that allow you to explore the property in detail from wherever you are. During my own search, I had an excellent virtual tour with our team member Chelsey. She walked me through every corner of the property, answered all my questions, and made me feel confident that I was making the right choice—despite being miles away.


Tips to Protect Yourself

1. Beware of Scams: Scammers are getting more sophisticated, especially on platforms like Facebook Marketplace. Always be wary of deals that seem too good to be true, and never send money before verifying the property and landlord. Look for listings managed by reputable companies like Clover Residential to reduce your risk.

2. Read the Lease Carefully: It’s easy to gloss over the details, but your lease agreement is the key to understanding your rights and responsibilities. Most leases in BC follow a standard template, but that doesn’t mean you should skip the fine print. Make sure you know what’s expected of you—and what you can expect from your landlord. If something’s unclear, ask questions. At Clover Residential, we’re more than happy to help you understand the details.

3. Inspect the Property Thoroughly: Before you sign anything, make sure you’ve had a chance to inspect the property—or at least see it virtually if you can’t be there in person. Document any existing damage and ensure everything is in working order. In Victoria, where many homes have a bit of history, it’s especially important to be thorough. Trust me, taking a few extra minutes to check everything out can save you a lot of headaches down the road.

4. Know Your Rights: British Columbia’s Residential Tenancy Act is there to protect both tenants and landlords. Familiarize yourself with the basics, so you’re not caught off guard if any issues arise. Knowing your rights can help you navigate everything from rent increases to maintenance disputes with confidence.

5. Consider renting from a professional management company: If the process feels overwhelming, you don’t have to go it alone. At Clover Residential, we strive to make your rental experience enjoyable and stress-free—from the minute you book a viewing. We pride ourselves on being friendly, helpful, and professional, maintaining open lines of communication and being available at a moment’s notice to address any issues. And, when you’re ready to move, we would be more than happy to help you with your future real estate needs. 


Final Thoughts

Finding a rental property in Victoria, BC, this August might seem like a daunting task, but it doesn’t have to be. With the right approach, a bit of patience, and the support of a team who knows the market inside and out, you can find a place that truly feels like home. At Clover Residential, we’re here to guide you every step of the way. Whether you’re new to Victoria or just looking for a change, we’re ready to help you find the perfect spot in this beautiful city.

Contact us today, and we’ll help you find the home you’ve been searching for!


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