With the right planning and strategy, you can automate your real estate investments This allows you the potential to scale up and even grow your investments more quickly over time In this day and age, automation is common in just about all aspects of life now. It’s in our businesses,...
Some of the following must-haves may not suit your current situation with your condominium unit Allow this list to be a guide on where to improve your current space or look for your next condo investment The ideal tenant is someone who is consistent with your expectations of them, is...
Before you begin searching for an apartment in Toronto that fits your lifestyle and budget, think about your priorities first Be sure to weigh your lifestyle priorities based on their importance to your life Gather everything you need ahead of time so you are ready to make a decision...
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...
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...
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...
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...
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...
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...
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...
Turning your condo into a profitable rental property is very enticing and appealing to many rental property owners. The real estate market in Toronto and the GTA represents a valuable opportunity for investors to generate significant ROIs from properties they purchase and rent. But being a landlord requires a lot more...
If you are looking to hire someone to help you find tenants for your rental property, a real estate manager and property manager might look similar. After all, they are involved in the rental industry and they can both help you find tenants for your newly rentable condo. But once you begin...
After having tenants in a unit for years or even decades, putting it back on the market without some improvements or condo renovations is impossible. Even the cleanest tenant can’t stop the natural deterioration of a unit and its appliances. Even if a unit is brand-new, there are many changes that...
As a landlord of rental property, one of your most important jobs is keeping your rental units occupied with the right tenants. Creating a viable marketing scheme for your property will make a huge difference in occupancy rates. In this day and age, it’s vital that you focus on your digital...
As a landlord in Ontario, you should understand how renting a property can affect your taxes. Every cent your rental property earns is taxable, which is why it’s vital that you treat your property like a business. Failing to report your income properly may lead to tax headaches, fines, and even...
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