As a landlord, you probably already know that some aspects of the job are less fun than others. One of the least enjoyable tasks is trying to fill an empty unit. Not only is searching for tenants time-consuming and frustrating, but it can also be fairly costly. The longer your unit remains vacant, the longer […]
Five Essential Summer Holiday Tips for Your Condo
Summer is here in the city, and that means…a lot of Torontonians heading out of the city to use their hard-earned vacation time. But if you’re looking longingly toward Algonquin Park, or Muskoka, or a serious attempt to reduce the amount of delicious food in Montreal, there are a few quick ways to make sure […]
How Do Property Management Companies Deal with Condo Associations?
When you hire a property management company to look after the rental of your condo, you are hiring a company to handle all aspects of your property. They don’t just find you a tenant. They look after marketing your condo, interviewing tenants, collecting rent, performing inspections, and even dealing with your condo associations, which is […]
Is a Property Management Company a Good Fit for an Overseas Landlord?
Being an investor who owns real estate in another country can come with many risks. Dealing with tenants across time zones and continents makes hands-on property management difficult. These alone are popular reasons why many overseas landlords turn to property management companies. Knowing the exact state of your property is important. Small issues that are […]
Important Factors When Investing in Real Estate
Investing in Real Estate is a major decision, involving possibly large amounts of time, money, and energy. This purchase does not only become part of your life but is part of a local community and a future home for members of this community. With a decision this big, the more information you have, the better. […]
What To Expect When Renting to College Students
Because many college students often live in off-campus housing, renting to this market is a lucrative choice for most landlords. The demand is often high during the school season, and you have a chance to offer competitive pricing and convenient locations to students. Some property owners, however, are skeptical of renting to a less mature […]
Coronavirus Rent Changes What Every Landlord Needs To Know
The past year has been difficult for all of us, in expected and unexpected ways. Many have lost loved ones, lost jobs, or struggled with financial stability. This has caused repercussions throughout our society and economy, and help from any source is greatly appreciated. For both renters and tenants, the Ontario and Canadian governments have […]
Why Are Property Management Companies Worth Their Fees?
The goal of any rental property is to generate a significant return on investment (ROI). If you have tenants who pay their rent on time, never cause any trouble, and take care of your property like it’s their own, it can be a wonderful experience to rent out your property. But renting out your property […]
5 Common Condo Rules You May Not (But Should) Know About
You might own the condo, but there are still condo rules you will have to follow that are enforced by your condo association. These rules can be obvious ones implemented in most neighbourhoods, but there might be some condo rules that you might not know. Regulate your Exterior Decor Items Some condominium associations can enforce […]
6 Questions to Ask a Property Management Company Before Signing a Contract
Signing your condo away to a property management company can seem like a huge leap of faith. It’s reasonable to feel skeptical about whether your condo will be in good hands. After all, mismanagement can cost you thousands of dollars or even a lawsuit against you by your tenants. That’s why it’s important to properly […]
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