Summer Rental Home Landscaping Tips
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
Summer has just knocked on the doors in Edmonton. The landscaping measures you were taking in the last five-six months won’t be helpful now as your plants need a different kind of attention and nutrients in the warm season. If you don’t take proper care, the greens can be inhabited by bugs and other garden animals. As a homeowner, you would want to maintain your lawn properly, to improve its aesthetic value. This can help attract a large number of buyers and increase the renting value of your home, especially if you reside in rental-friendly neighbourhoods. So to prepare your property for ..read more
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Why is Proof of Income Crucial for Landlords?
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
As one of the many landlords in Calgary, even you might have got the question of ‘is this the right tenant?’ in your mind at some point. A ‘right tenant’ can be found considering various parameters, one of the most important being their proof of income, especially for self-employed individuals. Here’s why proof of income is crucial for landlords while deciding whom to hand over their keys. To Determine the Rent-to-income Ratio is Met A rule of thumb is to ensure that the tenant’s rent-to-income ratio is 0.3. This number is a good indicator to determine that the tenant will be able to pay ..read more
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The To-Do List Before Moving Out of Your Rental Apartment
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
It is exciting when you are moving out of your apartment and heading towards a new one. Your days would be going busy in packing all your belongings, which also makes the moving out process a bit tense. So you have to be aware of the rental policies written on the rental agreement that you have signed. Before you leave the place you have to ensure that you follow the rental apartment regulations and tick off the things from your to-do list for a seamless moving out. Before you return the keys, here are some to-do lists that you should look for. Call the Utility Provide ..read more
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Welcome Gift Ideas To Help New Tenants To Feel At Home
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
You would have completed the toughest part of renting your property, which is tenant screening and making a solid lease agreement. You would have settled all other things with your tenant, but it is important to have a good bonding relationship with the tenants. You can start to build a bond when you first meet them. But a welcome gift can really boost the relationship, so a welcome gift will make a good impression on the tenant. There are many welcome gifts that you can present to your tenant. Gift Toiletries You would probably know how difficult the moving in process is ..read more
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What to Do When Tenants Leave Their Belongings Behind?
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
Every time a tenant leaves the property, you will have to take an inspection of the rental home and turn it over to prepare for other potential tenants. You may find some belongings of the tenant that they would have left behind. And it can be a nuisance for you, especially if you have new tenants who want to start living on the property soon. You can deal easily with the situation, without facing any trouble. Survey the Property No doubt, you are going to survey the property, but you might get surprised that tenants have abandoned their belongings behind. It can be intentional, or t ..read more
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How to Charge Prorated Rent
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
What do you do if your tenant is moving in on the 17th day of the month? Do you charge rent for the entire month, or only for the days they live in your rental property? This is a question that confuses many landlords throughout Edmonton. It can be tricky. Your tenant may be moving in at an odd date for many reasons, but there is a way to cope with it—prorated rent.   What is Prorated Rent Prorated rent is the rent that’s calculated proportionately. With this, you charge your tenant only for the days they occupy your rental property on that month. The two main advantages of char ..read more
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How to Get Rid of Mold in Your Rental Property?
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
What if one day a tenant comes to visit your rental property, the tenant is impressed and about to confirm the deal, but spots a mold and cancels the deal. You will probably lose a potential tenant, and that tenant will spread the word about the mold in your rental property, and you will lose other potential tenants. Isn’t this is too much damage for such a small thing called mold? But it is a fact because mold is harmful to the environment and the health of humans. Spotting a mold in the property also makes the tenant suspect that you are hiding a lot of things about the property. So ins ..read more
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Top Real Estate-related Terms Every Tenant Must Know
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
Visit properties, inspect the property, discuss the rent and the property is rented to a tenant. This seems to be an easy process, but it is not. When renting a property in Calgary, the tenant must also know about the laws and terms regarding the real estate. You would have often heard that landlords and tenants have issues with each other. Definitely you don’t want yourself to be in the same state. You can protect yourself from falling into such issues by knowing the legal terms related to real estate. Lease Agreement in Canada In Canada, two types of lease agreements are ..read more
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4 Questions to Ask Your Property Manager
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
Being a landlord is a hectic task, and people alone cannot take care of the property as there are other things to look after. Obviously, people opt to hire a property manager to take care of the rental property and the tenants. A property manager can handle things better than a landlord due to their expertise in the field of property management. There are various companies with many property managers, so how to know which one is the best for your property. When hiring a property manager, you should ask them questions that will lead you to conclude whether the property manag ..read more
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Coronavirus Precautions to Take Before Visiting Open Houses
Rental Advisors | Property Management Blog
by Rental Advisor
4y ago
The real estate market in Calgary is in a slump right now, thanks to the COVID-19 pandemic. In just a couple of months, the average price of a home here has dropped from $460,953 to $422,655, and so have the rental property prices. This is an excellent time to rent a house as you can get terrific bargains on house prices. Visiting open houses is one of the best ways to check out a home, but nowadays, there is always a risk of infection. So how do you stay safe while visiting open houses during COVID-19? Just follow the simple steps listed below to protect yourself from infection. San ..read more
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