If you own your home, but temporarily can’t afford the payments, and can’t find cheaper place to live, you’re likely worried about losing your home. The good news is that only about 5% of Canadians were delinquent on their mortgage payments in 2014, compared to 30% in mid-2013. But that still represents hundreds of thousands of homeowners… Read more »
Monthly Archives: April 2015
We are worse than lawyers, cheating husbands and even body odour!
Every rental owner has a horror story about property management. Almost every day, we hear stories of management companies charging exorbitant amounts for simple repairs, or taking weeks to respond to an email, or simply disappearing entirely. According to What Does the Internet Think, which does textual analysis across the web to measure positive and… Read more »
REALLY!?! A Condo with NO Board of Directors?
Over the weekend I spent some time answering questions from a nice couple who had a bad experience being landlords. They were contemplating on whether to sell or continue to rent. First I asked what their expectations where in terms of rental price. They gave me a number that was unrealistic. As I mentioned in… Read more »
More questions and more questions!
Part 4 – What to look for when hiring a property management company In addition, you might consider the following questions: Will they only perform repairs when tenants put in a request or will they do routine maintenance and inspections so they can prevent small issues from getting larger down the road and costing you… Read more »
Keep asking the hard QUESTIONS!
Part 3 – What to look for when hiring a Property Management Company Regardless of who manages your property, you own it, and I assume you want it to be well cared for. This is an important responsibility of the property manager, but is primarily dependent on the quality of the tenant. Since the property… Read more »
Don’t be afraid to ask questions!
Part 2 – What questions to ask before choosing a Property Management Company Here are some questions you might ask: What is the fee structure? Ultimately, your goal is to create a positive cash flow on your properties, and the property manager has the same goal. It’s important to understand the property manager’s profit goals and how… Read more »
Does anyone even read these posts?
I often think that if I took the amount of time I spent writing my blog and put it into more time spent trying to build my business I might be a lot better off. But then again I believe I’m educating and providing useful tools to my clients and fans of my page. I’ve come… Read more »
We WANT YOU!!
If you have a property that you are having difficulty renting or the hassle of finding qualified tenants has become just too much of a headache call or email us. We are a locally owned and operated property management firm. We work with many clients from local organization and companies and I’m confident we can find the right tenant for… Read more »
What is a STATUS CERTIFICATE and why is it so IMPORTANT?
When buying or selling a condominium, the most important document in the deal is the status certificate. It answers such important questions as: How much cash is in the reserve fund account to pay for future repairs? Are there any special assessments because there isn’t enough money to pay for needed repairs? Is anyone suing… Read more »
If you DON’T ask, the answer will always be “NO”
We all know how to rent a typical, cookie-cutter apartment or house. Search Kijiji. Find a contact number. Arrange a showing. Fill out the application. Put a deposit and wait for a response. But sometimes typical just doesn’t cut it. Maybe you’re looking to secure an awesome apartment in a very desirable location. Or you might be… Read more »