Property Management: Allowing Pets in Rentals

Finding a good tenant is always important when you rent out your property. That’s why you should carefully consider what you will allow, and what your requirements are. But sometimes it may be beneficial to make a few changes to your requirements for tenants; one such exception will be pets. In Ontario for example, a ‘no-pets’ clause will be void in a lease unless you are renting a condo where it’s against the declaration. So, if you allow people with pets to move into your property, you cannot kick them out because of it. That’s why it might be a… [Read More]

How to Keep Your Renters Happy This Winter

Owning a property is about more than just doing renovations and maintaining its appearance. It’s also about your tenants; you build a relationship with them and that’s why it’s always a good idea to try and keep them happy wherever possible. Winter time can be quite challenging for most landlords, so it’s the perfect time to prepare in advance and ensure your tenants are looked after. Improving Tenant Retention A successful part of any Waterloo property management team is to retain good tenants throughout the year. You want your tenants to be happy, so that they can stay on for… [Read More]

The Things You Need To Know When Buying A Condo

If you’re thinking about downsizing from a house to a condominium, you should be aware that both have their advantages and disadvantages. The process itself is fairly straightforward; however, you need to be aware of certain considerations that go along with changing your residence. Whether it’s buying a condo or a house, things like your available budget, the condition, location, layout, size of the condo are all important elements when weighing your options, and particularly so when it comes to Waterloo property management. However, switching to the condominium lifestyle carries with it additional factors that aren’t present when looking to… [Read More]

Property Management: Qualities of Ideal Tenants

In order to make your life as a landlord as stress-free as possible, naturally, it is in your best interest to only rent to the best tenant possible, which is a typical concern especially when it comes to Waterloo property management. However, it is a given that there are no guarantees when it comes to the future quality of a tenant. Yet, there are several key factors that might help you decide what kind of tenant they’ll end up becoming. 1)    Being Able To Afford The Rent Or, in other words, their willingness to pay what is owed to you…. [Read More]

How to Effectively Pre-Screen Your Next Tenant

Many feel that the screening process of potential tenants starts with an application or a background check. However, this is not the case. The process actually starts with the initial contact, right after one has begun advertising for their property and has begun receiving calls. This process is known as “pre-screening” and is standard practice in property management, especially in and around Waterloo. Once again contrary to popular opinion, screening is a process that can take a long time; it is not a quick activity that serves an even quicker result. You don’t want to waste time on every single… [Read More]

How Property Management Offers Winter Protection

Winter brings about a plethora of problems not just for humans, but for nature, structures and all things man-made, including rental properties. Freezing damage in pipes is one example of what might happen if you don’t take care of your investment. You should understand that, regardless of the fact that you can’t control winter, there is plenty you can do to protect your property. 1. Make Sure To Cover Outside Appliances When talking about sheltering outside appliances from the ice and snow, it almost goes without saying that any external appliances, such as central air conditioners, for example, need to be… [Read More]

How Social Media Can Help You Attract Waterloo Renters

Waterloo Property Management: How Should You Advertise? Attracting renters in and around Waterloo can be a difficult task. Recent measures have made it harder for first-time buyers to enter the real estate market, and real estate prices are skyrocketing. Hunting for good tenants with great credit scores is tricky enough as it is, and all of this means it might be time to switch over to professional residential property management. Compared to any combined numbers for local and more traditional advertising methods, the fact of the matter is that more people use social media nowadays. This means it is much… [Read More]

How Latitude Can Help With Your Rental Property

Buying rental residential real estate for investment purposes is something more and more Canadians are doing. In most cases, such properties offer stable income that is enough to cover almost all expenses, not to mention a real estate asset that is likely to appreciate in the long term. However, at Latitude Property Management, we understand that becoming a first-time landlord carries numerous risks and a ton of stress. Hence, the assistance of a professional property manager offers not only protection but also peace of mind with regards to the long-term security of your investment. Why may you ask? Well, there… [Read More]

Property Management: Performing Tenant Screening

Investing in rental property means that you will be working with tenants, individuals who will be living or using your property for their business. Whether you have residential or commercial rental property, it is important to conduct thorough tenant screening to ensure that the individual or company you are working with will be a quality renter. You want your property to remain intact and undamaged as well as rent being paid on time. Prospective tenants should be willing to go through a screening process to ensure they are qualified to meet your renting criteria. You could do the screening process… [Read More]