Owning a rental property can be a rewarding investment. Many landlords begin by managing their own properties, particularly when they own a single rental home or condominium. Others simply enjoy remaining directly involved in every aspect of the investment. There is certainly nothing wrong with self-managing a rental property. The ...
Continue ReadingFor many landlords, the immediate objective when a rental unit becomes vacant is straightforward: find a suitable tenant and begin receiving rent again. That is understandable. Vacancy has a cost, and every additional month without rental income affects the economics of the property. But the decision to accept a tenant ...
Continue ReadingIndustrial leasing decisions involve much more than filling vacant space. From the tenant’s perspective, the focus is often on location, building size, clear height, loading, power, parking, rental rate and whether the property can support the business. From the landlord’s perspective, however, the decision is broader. The landlord is not ...
Continue ReadingAre you thinking about investing in real estate to earn rental property income? Whether you invest in a residential or commercial building, there are several things to consider to make sure the property will generate a profit. Here’s what you need to take into account to determine how profitable an ...
Continue ReadingAdequate housing is essential to one’s sense of dignity, safety, inclusion and ability to contribute to the fabric of our neighbourhoods and societies[3]. As the Commission heard in this consultation, without appropriate housing it is often not possible to get and keep employment, to recover from mental illness or other ...
Continue ReadingAfter a tenant completes a one-year residential lease, can a landlord legally require them to sign another fixed-term agreement or vacate the property? Short answer (in Ontario): No — the tenant does not have to sign another one-year lease, and the landlord generally cannot require them to move out just ...
Continue ReadingDiversity Diversity refers to the presence of difference in any given setting. In context of diversity, equity and inclusion (DEI) work, we are often referring to diversity of identity. Diversity of identity refers to several aspects of our identity that make up who we are. Some examples of identity factors ...
Continue ReadingDo you know about Ontario’s fair housing laws? Hey landlords, this one’s for you! Think of the fair housing laws as a set of rules to make sure everyone gets a fair chance when looking for housing. It means no one is left out or treated badly because of who ...
Continue ReadingBuying a multi-unit, meaning a building with five or more units, can be a great opportunity for investing in real estate. But before diving in, it’s important to know everything that’s involved with such a purchase, and the requirements that come with it. Here’s my advice if you’re interested in ...
Continue ReadingRules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The proper forms for this notice ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
