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...
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,...
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...
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...
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...
With the current housing crisis happening in Toronto, Airbnb and short-term rental rules have been under scrutiny. The housing market remains unaffordable for most, rent continues to increase, and many Torontonians are starting to feel the pressure. Downtown condo owners have benefited from the short-term rental market for years, renting their...
Condo owners often ask us how our screening process works and how we find tenants for their condos. One of the most critical processes in our line of work is finding the best tenants possible to move into the condominium units we manage for our clients. Great tenants usually result in...
[caption id="attachment_513" align="alignnone" width="700"] Short-term Rentals vs Long-term Rentals[/caption] We often get asked about the differences when it comes to short-term rentals vs. long-term rentals. Many condo owners are attracted to the idea of short-term rentals, and the numbers don’t lie. Short-term rentals have skyrocketed in popularity between 2012 and 2017, and...
[caption id="attachment_497" align="alignnone" width="700"] Condo Management Company[/caption] It doesn’t take long for most condo owners to realize how time-consuming it can be to manage your rental property. Staying on top of the upkeep at your condo and dealing with incoming or outgoing tenants can eat up a huge chunk of your time,...
The relationship between a tenant and a landlord is often a delicate one. While some relationships can be rewarding, others can be challenging. One side is paying to make this condo their home, and they want to feel like they are getting what they paid for. And the other side is...
If you've rented in Toronto this winter and spring, the buzz has been about one thing: purpose-built rentals. With developers switching no less than three in-progress buildings originally slated for condos to rental units after a nearly 20-year drought, the concept of the apartment building is undergoing a cautious renaissance. It's...
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