Property Management Blog

Bidding Wars: Dealing with Multiple Offers

If you’re a Realtor in the GTA, you’ve probably noticed an excess of bidding wars over the last few years. It seems like buyers are popping up in the dozens, but sellers are few and far between. This is a simple case of supply and demand.…

Renting vs Buying

In 2017, the age-old dilemma of renting vs buying couldn’t hold any more weight. If you’d asked this question 20 years ago, most would have resoundingly agreed that buying is a far better option; why pay down someone else’s mortgage when…

So, You Want to be a Landlord?

There seem to be many misconceptions relating Landlords. People seem to think it’s a lottery ticket. People seem to think it’s a sure-fire way of having someone else pay down their mortgage. People seem to think it’s an investment. I’m…

Can’t Afford to Buy in Toronto? Here are your Options

If you’ve been priced out of the market, you’re not alone. Toronto’s real estate values have skyrocketed year over year, and it’s reached a point where many of the top Canadian income earners can’t even afford an average priced home…

There’s a New Legislation in Town

Ontario Landlords have been feeling the short end of the stick for a long time now. Many have raised complaints and asked for more fairness when dealing with tenant/landlord issues. It seems the general consensus among landlords, is that the…

Ontario Implemented a “Fair Housing Plan”

What exactly is going on in the Canadian Real Estate market? It seems like everyone is talking about the crazy increase in home pricing, the lack of supply to meet the demand, and trying hard to pin point reasons for the seemingly unstable market.…

New Condo Purchase: Pre Construction or Resale?

Toronto Condos are quickly becoming one of the cities hottest commodities. It seems every month there are plans laid out for a new project in or around the city. With real estate pricing continuing its seemingly an unstoppable upward trend,…

Renting out a Toronto Condo: What to Know

Renting out a Toronto Condo can be an incredibly lucrative endeavour, but it’s no walk in the park. Make no mistake, being a landlord is a full-time job. Like any job, there are certain factors that you’ll need to consider prior to jumping…

Handling a Rental Application

When it comes down to selecting a new tenant, the application process is one that cannot be skimped. The rental application is the first step in weeding out tenants who will cause you grief. Without it, you have very little information at hand…

Do I Need Landlord Insurance?

If you’re a landlord, whether you’re a small business landlord renting out a single room in your home, or a big business landlord renting out an entire building, you should be familiar with landlord insurance. Some of you may only rent out…

What Landlord Actions are Prohibited?

Over the years, rules and regulations related to landlord and tenant management in Ontario have become increasingly complex. Prior to 2007, the Tenant Protection Act of 1997 (TPA) was the main governing force determining what behaviours were…

What are the Responsibilities of my Tenant?

Communication - an important factor in any relationship. Expressing your requirements and expectations as a landlord is the only way to set the base for a successful tenancy. To do this, you first need to understand what you can legally enforce.…

Repairs: Who is Responsible?

One of the most common issues surrounding landlord/tenant law is the question of repairs to the property. Every tenant has the right to a well-maintained home in a clean and safe building. At the same time, it’s important that a landlord is…

Smart Rental Ads to Attract Quality Tenants

Tenants come in all kinds; responsible students, irresponsible students, young professionals fresh out of school, young people without a high school degree, elderly folk whose marriages have recently failed. The list goes on and on. Point being:…

Advice for the Small-Scale Landlord

Typically, landlords fall into two categories: large corporate landlords, and small business residential landlords. Many of you may find yourselves in the latter of the two groups; you own a small rental property with one or only a small handful…

Landlord Challenges: Is it Right for You?

Real Estate is big business. There’s money to be made. But looking at it as a sure-fire bet, is a fast track to failure. Here’s the truth: investing in property as an income source must be treated like a full-time job. As the old saying…

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