Property Management: Costly Mistakes Landlords Make

New landlord mistakes Being a landlord sounds so easy when you say it quickly; however, it’s also a business that is filled with pitfalls for the unwary, the careless and the lazy! On that note, we can start at the very beginning with choosing your tenants. Firstly, check their credit references, as you will discover that the majority of your future issues will be contributed to by tenants with a poor credit rating. So, take the time and energy to do this particular task properly! If you have a Kitchener property management team acting on your behalf, stipulate this as

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Finding Vacant Properties with Management Methods

The action plan Having given some consideration to what they want in their next apartment, for example, the preferred type of landlord or residential property management service and the price range the prospective tenant is now ready to begin the search. At least, with some form of an action plan in mind, their search should be more effective and faster. The most obvious and convenient starting point is obviously the Internet and a residential property management service with many and varied sites waiting for their search criteria. This will include primarily the desired location, type of accommodation, price range and

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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

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How to make the best of a small rental space

Residential property management groups are in charge of maintaining the appearance as well as maintenance of rental properties, along with finding tenants for properties. If you are searching for a new rental dwelling, you can do well by working with a property management group in order to find your new home. In many cases, you may find the ideal apartment in the city but the dwelling is smaller than what you are used to. How do you live in smaller space? By learning small space living solutions and design tips, you can make even the smallest space an inviting and

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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

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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

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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

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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

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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

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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

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