After having tenants in a unit for years or even decades, putting it back on the market without some improvements or condo renovations is impossible. Even the cleanest tenant can’t stop the natural deterioration of a unit and its appliances. Even if a unit is brand-new, there are many changes that...
There are many important decisions to make when you decide to transform your condo into a rental property. If you decide to handle things on your own, you will have to market your property, find suitable tenants, calculate market rents, handle tenant interactions, and everything else that involves your rental...
Are you thinking of purchasing a rental condo in the Toronto area? There are many things to consider when it comes to becoming a rental property owner. You have to consider things like resale value, any renovations you’ll need to make, comparables, what amenities exist, and what the rental market looks...
Summer is here in the city, and that means…a lot of Torontonians heading out of the city to use their hard-earned vacation time. But if you're looking longingly toward Algonquin Park, or Muskoka, or a serious attempt to reduce the amount of delicious food in Montreal, there are a few...
Being a Property Manager can be rewarding for your investment portfolio, especially in Toronto's competitive condo rental market. However, it can also be a daunting task to manage a property effectively to generate a stream of rental income. ...
Owning a property is a huge risk financially, especially when you decide to rent it out to a tenant. There are many codes property owners must follow. Other tasks like finding tenants, maintaining the property, and communicating with them take a significant amount of time. Some property owners will try to...
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, especially for someone who is inexperienced....
Being an investor who owns real estate in another country can come with many risks. Dealing with tenants across time zones and continents makes hands-on property management difficult. These alone are popular reasons why many overseas landlords turn to property management companies. Knowing the exact state of your property is important....
Investing in real estate is a major decision, involving possibly large amounts of time, money, and energy. This purchase does not only become part of your life but is part of a local community and a future home for members of this community. With a decision this big, the more information...
Purchasing a rental property can be a lucrative and rewarding investment. Whether you’re a first-time landlord or you already own a number of properties, you will need to decide whether you want to manage the property yourself or find the best property management company in Toronto that will take care...
Do you currently work with a condo management company? Are you unhappy with their service? There are many reasons why your relationship with an existing property management company may not be working out. Whatever the reason, you may find yourself searching for a new condo management company. Things are not always...
Some of the following must-haves may not suit your current situation with your condominium unit Allow this list to be a guide on where to improve your current space or look for your next condo investment The ideal tenant is someone who is consistent with your expectations of them, is...
As a landlord, you probably already know that some aspects of the job are less fun than others. One of the least enjoyable tasks is trying to fill an empty unit. Not only is searching for tenants time-consuming and frustrating, but it can also be fairly costly. The longer your unit...
When you hire a property management company to look after the rental of your condo, you are hiring a company to handle all aspects of your property. They don’t just find you a tenant. They look after marketing your condo, interviewing tenants, collecting rent, performing inspections, and even dealing with your...
Because many college students often live in off-campus housing, renting to this market is a lucrative choice for most landlords. The demand is often high during the school season, and you have a chance to offer competitive pricing and convenient locations to students. Some property owners, however, are skeptical of renting...
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