Summer Maintenance Tips for Your Rental Property
Real Property Management Toronto
by razonabbledeanne@gmail.com
1y ago
The summer is reaching its summit very fast. If you’re a rental property owner, now is a perfect time to start thinking about some end-of-season maintenance. Even though you might want to take some time to relax, it’s better if you start working on these tasks sooner rather than later. That way, you will be better prepared for the seasons with colder temperatures and the obstacles that come along with them. Here are some useful summer maintenance tips for your rental property to help you with that. Perform routine HVAC system checks Making an appointment for maintenance on your heating sys ..read more
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How to Find the Best Tenant in Toronto
Real Property Management Toronto
by malhar@vidern.com
1y ago
Finding tenants that pay rent on time, maintain the property, do not have a shady identity, and yes, do not drive you up the wall are indeed scanty, thus, hard to find. Owning a rental property brings in many perks, but it’s not that easy to relish those benefits.  The responsibility of finding a good tenant is overwhelming as you have the protection of your property on your mind as well.  No landlord would allow a tenant who turns the property into a disaster, right? Would you? “No way”, we hear you say!  Yes, there are challenges when it comes to the journey of finding a good ..read more
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How to Deal With Difficult Tenants in Toronto
Real Property Management Toronto
by malhar@vidern.com
1y ago
Finding trustworthy and respectful tenants to rent your property to is one of the most challenging tasks landlords face.  The difference between a good tenant and a bad tenant can make or break your investment and cost you thousands of dollars. Money aside, a problematic tenant can wreak havoc on your mental sanity with late-night calls, impossible demands, and rude behavior.  If you find yourself in a situation where one of your properties is occupied by a difficult tenant, how do you deal with that as a landlord?  Treat Them How You Wish to Be Treated – Even When It’s Hard&nbs ..read more
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What to Expect from Real Property Management Service in 2022
Real Property Management Toronto
by razonabbledeanne@gmail.com
2y ago
  As we inch toward a brand-new year, we at Real Property Management Service want to show our commitment to providing you with the best property management service out there. Our commitment held true to its core even during the start of the pandemic where we were quick to adapt and employ strategies that help our clients thrive during the trying moments brought by Covid-19. In fact, we are one of the industry leaders in Toronto to adapt Virtual 3D Tours which allowed both our property investors and tenants to reap significant benefits out of our initiative.   Just like how we ..read more
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Property management poll and interview
Real Property Management Toronto
by user
2y ago
It has been proved that property management is a tough sell especially in Canada. A recent poll carried out by the Canadian Real Estate Magazine whereby the respondents were asked, “Kindly pinpoint at what stage in your portfolio development you would consider hiring a property manager?” The results are varied as the investors themselves! Sixty one percent (61%) of the respondents voted in favor of hiring a property manager but only after acquiring four properties or more. Eighteen percent (18%) voted to hire one manager per property, Thirteen percent (13%) were positive that they would hire o ..read more
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The Residential Tenancy Act
Real Property Management Toronto
by user
2y ago
Although not very common in practice, Property Managers have been able to represent their clients without the need for legal representation. This was a great method to resolve simple issues such as non-payment of rent; however, this has now changed! Based on the attached ruling from the Law Society of Upper Canada, the Residential Tenancy Act (RTA) is not to be interpreted to allow a paid Property Manager to represent their clients at a hearing. They will require legal representation for all Landlord and Tenant Board application. http://canlii.ca/en/on/onsc/doc/2013/2013onsc1428/2013onsc1428.h ..read more
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Canadian non-resident requirements
Real Property Management Toronto
by user
2y ago
Canadian Non-resident Requirements. If you collect rent in Canada and are a non-resident, please read and become aware of what the Canada Revenue Agency (C.R.A.) expects of you with regards to your rental property. I have had many clients think that this is a choice/option they could opt out of but it is a mandatory requirement by the Canada Revenue Agency for non-residents. I would also strongly urge you to call the C.R.A. if you have any doubts on this issue at 1-855-284-5942. The Canada Revenue Agency requires non-residents to remit monthly payments. This amount is based on the rent and in ..read more
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What you don’t know about delinquency rates
Real Property Management Toronto
by user
2y ago
  Credit Score and Delinquency Rates A delinquency is a payment that is overdue. A delinquency rate is a percentage of the total loans that are past due. Many times you will see this reflected in a credit (FICO) score. But what do these numbers mean? How much better is a 750 credit score then a 650? How should I use these numbers? Well you’re in luck, I’m here to show you how to read, understand and assess what is right for you. Property Managers and investors use this information to assess the risk of a potential applicant. The higher the (delinquency) rate the more risk for a landlord a ..read more
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Tenants are essential in selling your rental property
Real Property Management Toronto
by user
2y ago
So you have decided to sell your investment property. There are a few items you need to be aware of to keep in mind during this process. While selling your home you have to work with your tenant(s). They are the ones living in the home and can make or break the whole process. Your tenant(s) have direct control over how your home shows when buyers come through the house. Is the house tidy, is it clean, has the lawn been cut or snow cleared? These are all very important items to consider when working with your tenant(s). I highly recommend you have a conversation with your tenant(s) discussing y ..read more
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Property Management Toronto 3D Virtual Tour Technology
Real Property Management Toronto
by support@accelerateyourmarketing.com
3y ago
Showing the property to potential tenants is one of the things that traditionally took up a lot of the property manager’s or landlord’s time, but with our new 3D technology, it doesn’t have to be that way anymore. This kind of virtual tour just adds even more value to the best property management Toronto has to offer. How Does a Virtual Tour Work? With 3D virtual technology, we can create a high-definition picture of your entire house using a special type of camera. Then the images are presented on a revolving six-lens camera, which makes it appear that viewers are seeing the actual spac ..read more
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