Is being a landlord or a property manager dangerous? Well my own personal experience would suggest it can be. While you may not realize it, being a property manager can be quite dangerous at times. Some tenants are very confrontational. People are in desperate times and it is important to be safe. I’m usually willing… Read more »
Monthly Archives: January 2015
No Smoking is Legal and Enforceable
Smoke-free housing is still a relatively new concept in Ontario, but the idea is catching on. There is increasing public awareness and appreciation of the problem of second-hand smoke infiltration in multi-unit dwellings. Tenants are starting to speak out about it. Landlords are beginning to realize that no-smoking policies are legal and enforceable, and that… Read more »
Taking the Law into YOUR on Hands….
Guerilla Landlords This story reminded me of several landlords I had known who had taken matters into their own hands with non paying tenants. One removed the front window and threw all the tenant’s stuff out on the front lawn, then put the window back and changed the locks. Another landlord had the habit of… Read more »
Do you have VACANCY?
When to use a Rental Service There are certain times when a landlord should definitely use a tenant location service. Even a landlord who generally does their own rentals can have a hard time renting a property due to other personal issues. Too busy – At times everyone can get exceptionally preoccupied with work, family… Read more »
Always take a Deposit!
Reasons To Take Rental Deposits The primary reason to take rental deposits is to get a commitment from the potential tenant during the application process. I have learned that tenants can be very complimentary and tell you what you want to hear, until that crucial moment when you ask them to put their money down…. Read more »
Are you in direct competition with your Rental Agency?
Occasionally, Rental or Tenant Placement Agencies or their agents may provide tenant placement or “rental” services for their client. If that is the end of the story there would be no ranting or no blog, but, unfortunately, those same Rental or Tenant Placement Agencies are owner’s of their own rental properties or an employee of… Read more »
Do’s and Don’ts – Part 2
Do not choose based solely on price I always think it’s ironic that investors want the highest rental price from the tenant but want the cheapest management fees from the property manager. Of course price is important but it’s not everything, and most times you will get what you pay for. You want a company… Read more »
Do’s and Don’ts – Part 1
DO make sure they specialize in property management It seems like every real estate agent is jumping into the property management side of real estate these days. The prospect of managing investment property was thought of as a nuisance and a lot of hassle for very little money and in many ways it’s true. Although… Read more »
Real Estate Agent in the Property Management Business
I have a number of real estate agents with whom I work closely with. They refer their clients who want to rent their investment property or occasional they want me to rent out a home that has been on the market too long. Most of the agents will be the first to admit that they… Read more »
Hiring a Property Management Company is a Tax Benefit
Becoming a landlord can mean years of income if you can keep renters in the property. If you are a landlord and still working in an occupation, you may not be able to dedicate the time necessary to maintain the property. Hiring a property management company to assist you provides several benefits, including a few… Read more »
