What Makes a Good Tenant?

When you own rental properties, you want to ensure that you have good tenants. But what is the definition of a good tenant? How do you find someone who meets the attributes of a good renter? Is it an individual who pays rent on time or a renter who keeps the property clean and neat? Both of course, but there are also other factors involved that help landlords find good quality tenants, individuals who help you succeed with your investment properties. Responsibility is a Key Quality Responsibility has been found to be a key component when dealing with a good… [Read More]

Should you rent in the city or in the suburbs?

When renting a dwelling in a major city of Canada, you usually have one or two options as the renter; living in the inner-city or the suburbs. So as the renter, you have to decide if you wish to live in either area and look at the pros and cons of each. By seeing the up and downs to both areas, you can make the best living decision based on what you need as an individual. Below is a comparison of each type to help you decide. Suburban Living Pros and Cons We will begin with suburban living. When living… [Read More]

What you need to know about the Ontario Rental Fairness Act

Whether you are a renter or a landlord, it is important to understand the Ontario Rental Fairness Act and how it applies to you. The Residential Tenancies Act is currently being tightened in Ontario with standardized leases being introduced, which can lead to tenants having a hard time removing themselves from a tenancy agreement. Understanding the legalities of renting, from a tenant and landlord perspective, will help you to stay protected when renting or providing the rental property. Read on to understand more and how it applies to you specifically. Changes Made The government of Ontario made several changes to… [Read More]

How to say no to a Waterloo rental applicant

As a landlord, a nightmare situation can occur when you are renting to a stranger in Waterloo only to find out that you are locked into a binding contract with someone who is not fit to be a tenant. Negative tenant situations are not uncommon and can include unclean properties, property damage, harassment and more. You must do your due diligence in order to find quality tenants and this includes an application process. It can be a tricky situation to reject the application of a tenant and learning how to do so legally is essential to avoid a lawsuit. Know… [Read More]

I am a landlord, what can a property manager do for me?

As a landlord, you know how busy your days can be. When you own multiple properties, it can be difficult to handle the day to day needs of tenants as well as upkeep of the property. This can be even more stressful and difficult when you live far from the properties you own. The best solution to such problems is to hire a residential property management team. A property manager will be able to provide quality assistance to your property needs, such as maintenance, repairs, and handling tenant issues. If you have never hired a property management company before, you… [Read More]

How to make friends when renting in a new location

Moving to a new rental property can be tough, especially if you are living in a new neighbourhood or completely different city. You may have moved away from family and friends and soon find you are lonely. Making new friends can seem intimidating but it doesn’t have to be. If you are using a rental property management company to find your new home, consider having the company search for areas where people your own age live. By living in an area surrounded by your peers, it can help you to quickly make friends. Establishing a new friend group It can… [Read More]

Why Location Plays Such a Vital Role in Commercial Property

When it comes to investing in commercial property, location is a key component. The location of the property will determine if a business will choose to rent or pass the facility by. Any commercial property management specialist will tell you that when the location is bad, it can be hard to find renters to bring their business to the property. Read on to find out just why the location of commercial property is so important. Function To begin, the function of the site is essential. The location of the property will dictate how a business will be able to function…. [Read More]

Tips on how to handle Student Rental Property Management

When you own residential property in an area near a university or college, you will most likely be renting to college students at some point in time or all of the time. The student pool of renters can be quite large, especially in a big city or college town. When you own an apartment complex or large rental home, you can make a pretty penny by renting to students, if you learn the right tools and tips to use to your advantage. Not a Huge Risk Most property owners do not want to rent to the under 25 crowd as… [Read More]

Property Management isn’t something just anyone can do

Property management is not a service that everyone can provide. Individuals working in the field of property management need to possess certain qualities such as leadership and customer service. As a property investor, it is recommended that you hire a property management company to handle the day to day operations of your rental properties. But who should you hire? The position is quite demanding and you need to hire someone who can handle the fast-paced needs of your tenants. Who to Trust? Your rental properties are investments and should be handled with care. When you are hiring a property manager… [Read More]

Is a security system necessary for my commercial property?

When owning commercial property, there are several challenges that come into play when it comes to the management aspects. Safety of employees is a big concern and can be a liability of the property owner. Often times, security measures are overlooked, especially by those who are just entering into the world of commercial ownership. Not only should those on site be protected, but you also want to have a deterrent when it comes to theft and vandalism. Your commercial property management team might suggest a security system be put in place to help with such issues. Regulations for Security To… [Read More]