Lovebird Landlords – A Dilemma Facing Young Couples Who Own Condos in Toronto
Introduction A friend of mine who has contacts in the mortgage industry recently brought my attention to an interesting dilemma that some unlucky young couples in Toronto are facing, specifically those who are invested in the Toronto condo market. The situation as described to me goes something like this: A young single person buys a…
Read MoreTenant Screening: Don’t Sell Yourself Short
It’s a good time to be a landlord in Toronto, given the currently low vacancy rate. CMHC estimates that the vacancy rate for 2016 in the GTA will be 1.9% for purpose-built rental units, with a slightly lower vacancy rate in the city. With a low vacancy rate comes high demand for available rental units…
Read MoreThings You Should Maintain On Your Own
Taking care of your rental property can be time-consuming trying to stay on top of bill payments plus the ongoing burden of property upkeep and maintenance. Failing to keep up with property maintenance can lead to unnecessary expenses. However, such property expenses can be minimized with a well-managed regular maintenance plan. While there are many…
Read MoreHow To Make Your Rental Property Appear Larger
As a landlord, you want to be doing everything you can to get the most out of your investment property. This means that you’re putting the time and effort into all aspects of the property. When your property is well taken care of, your tenants will respect this, enjoy their space and give you little,…
Read MoreWhy It’s Important To Find The Best Tenant
Going to great lengths to find the right tenant can sound a bit daunting and very time consuming. It means a lot of research and a somewhat extensive screening process. Not to mention the walk-through and interview process as well. It might seem like a lot of work to end up choosing just one tenant…
Read MoreHow To Build Value In Your Investment Property For The Best ROI
As a real estate owner, you know just how high the costs can be to maintain your property, whether it’s maintenance and repairs, or tenant turnover. While these costs can seem a little overwhelming, there are multiple reasons why it’s necessary to keep your property up to par. Beyond the tenant’s rights, it’s actually a…
Read MoreShould You Ask Your Landlord? Part II
Welcome back to our blog about what to ask your landlord or property management company about when wanting to improve your rental home or apartment. If you have a great eye for style and decor, your landlord or property manager might be happy to see you put some equity into their investment property. But more…
Read MoreShould You Ask Your Landlord?
Moving into a new rental home or apartment is an exciting time. If you think of your new place as a blank canvas to decorate, then it’s even more exciting. A rental property doesn’t have to feel like someone else’s property, you can make it into the place you can call home. You can do…
Read MoreWhat Makes A Good Neighbour
Living in a multi-unit dwelling takes patience and understanding. You’re sharing walls with people you don’t know, and their noise and existence can end up becoming your nuisance. This is where patience and understanding comes in. Being a good neighbour means coexisting with the people that live around you, which means understanding what their circumstances…
Read MoreWhat Your Landlord Or Property Manager Is Looking For
When looking for somewhere new to live, you can run into many speed bumps. One rental property might be more money than you want to spend on rent, another might not accept pets, another property might accept pets, but not one of your size. The list goes on. Because there are many roadblocks you could…
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