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...
As a landlord of a condominium unit, you may feel nervous entering into lease agreements with certain tenants. Maybe they don’t have a steady income, or you are unsure about their character references. The good news is, you have certain legal rights to protect you as a landlord in Ontario. So,...
Entering into the real estate market as a condominium owner can be a lucrative and savvy move. The industry is booming, and you can see a large profit if you fill your units quickly. However, while there are plenty of high-quality renters looking for their next home, the competition is fierce,...
While owning a condominium in the GTA can be a lucrative business investment, there are a vast number of province-wide regulations that you need to follow when you lease your rental property. Some of the most important laws to be aware of are those that relate to the health and...
Half the battle of being a landlord is finding suitable tenants to lease your units. The real estate market in the GTA is becoming ever more competitive, with more and more landlords vying for renters’ attention. In order to stand out from the crowd, you need to ensure that your rental...
The relationship you have with your property manager is one of the most important relationships you build as a real estate investor. Ideally, both you and your property management team would have the same goals: to take care of the property and generate significant income. An investment property is most...
The life of a landlord is never easy. Designing and marketing your condo units is only the beginning of the job. Once your tenants have moved in, you’ll need to deal with all sorts of maintenance and repair issues as and when they arise. From broken heaters to leaking pipes,...
As a landlord, you need to be able to rely on your tenants to pay their rent. When tenants struggle with their personal finances and fail to pay their rent, you can easily run into serious financial problems of your own. That’s why it’s crucial for every landlord to understand the...
Tenant screening is a crucial part of the leasing process that’s often overlooked by private landlords. A thorough screening process ensures that the potential tenants are reliable and suitable for the tenancy. Without proper screening, landlords run the risk of allowing poor quality tenants to live in their property. This can...
There's something different about the Toronto waterfront area. Suburbs like Etobicoke, Mississauga, and Scarborough still feel very "Toronto," but they all seem to have a little something extra. Real estate here ranges from impressive waterfront estates to charming bungalows that are part of the rich history of the city. But it's...
Whether you’re a first-time landlord or a seasoned professional, the rental industry is constantly shifting and evolving. This year, you can expect to see rental trends moving faster than ever. In order to stay competitive as an Ontario landlord, make sure you tick everything off an up-to-date to-do list. Here’s our...
Starting out as a new landlord is both exciting and terrifying in equal parts. There’s plenty to look forward to, but there’s also lots to learn. As any successful landlord knows, the venture comes with lots of potential risks. Before you start marketing your units and signing lease agreements, it’s crucial...
Are you a homeowner looking to rent out your condominium unit to a tenant? There are many laws governing the relationship between landlords and tenants that you must know before renting out your property. The Residential Tenancies Act (the “RTA”) sets out the rights and obligations of both tenants and landlords...
Investing in property takes quite a lot of research. You need to examine all factors of the property carefully. From finding a property in an area with few vacancies to making sure the market value of the property makes it worth paying for, there is a lot of work associated...
It’s rare to find a property management company that has an in-house legal department to help settle minor disputes tenants and landlords may have. At Del Condominium Rentals, we add value to your property management by keeping all services in-house, so there are no concerns about delays, miscommunications, or confidentiality. One of...
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