Moving Out Property Management Checklist

Preparing for the move If you are prepared for any action, task or moving for instance, then life suddenly becomes a lot easier with more options. Moving your home is admittedly not something you do every day, well you could be the exception, but still view it as an exercise in real estate property management. It not only sounds better but makes you feel more important as you move the furniture from room to room! In your new role in property management, you need to be in control of the event, which means forward planning and that wonderful administration aid,… [Read More]

What you need to know about evicting a renter

Evictions and the law In this day and age, a landlord cannot by law just evict a renter from their property, unless there is a valid and legal reason. These may relate to property management issues, such as: Late or non-payment of the rent The tenant or their guests damage the property Behavior that disturbs and affects other tenants The property owner requires it for personal use. However, despite a landlord having a valid reason for eviction, if the tenant refuses to vacate the property a landlord or the residential property management representatives must then adopt the appropriate legal process. The… [Read More]

Property Management Is Easier With a Realtor

As far as daunting tasks go, navigating the rental market certainly qualifies as one. Rental properties throughout Canada are in high demand; nowadays, rentals are not only receiving multiple offers but are also typically going to the tenant who bids highest – often for above the asking price. When it comes to property management, the current situation offers two main courses of action: either tackle the market on your own and hope for the best, or go the easy way and use a real estate professional. Why go for the latter? Because there are many advantages that come with opting… [Read More]

Buying a Real Estate Rental Property with a Partner

Careful, not cynical Sometimes, when a warning is given to someone it’s regarded as being cynical! These sensitive souls when it all goes wrong for them, then can turn around and ask why they weren’t told! Being careful is always a requirement in any situation that combines money and personalities. This includes buying and investing, which can involve real estate property management. It’s not only a question of giving your money to someone, but in how well they will assist in managing it and making a profit! Think smart Going into a property partnership means you have to be smart,… [Read More]

Pros and Cons of Utility-included Rental Agreements

Renting and Utilities The case for a landlord or their tenant being responsible for the payment of utilities; it’s an issue that can rear its head at any time in relation to residential property management. Looking at it from the point of view of a landlord, one of their financial goals in leasing out a property is to maximize cash flow. Therefore, as there are positive and negative factors involved, the different options must be seriously considered before a formal agreement is completed. By including utilities in the monthly rate; within the sphere of the property management, it could prevent… [Read More]

Basic Tips to Stay on Your Landlord’s Good Side

Kitchener property management companies have vast experience working with residential properties and seeing tenants come and go. Property owners want to keep tenants that pay rent on time and keep their property in good shape. Tenants want to find a nice place to live that makes them feel happy and content. As the tenant, it is important to work on creating a good relationship with your landlord. By having a quality relationship with the property owner, you can enjoy your home for years to come. But how do you create a relationship with this individual? Know Your Rights as the… [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]

Making 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]

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]