Discover why the housing affordability crisis is a constant topic and why discussing it is crucial for finding solutions. The post Toronto’s Real Estate Market in Fall 2024 appeared first on LandLord ..read more

Discover why the housing affordability crisis is a constant topic and why discussing it is crucial for finding solutions. The post The Ever-Present Housing Affordability Crisis appeared first on LandLord ..read more

4 Screening Tips to Minimize the Risk of Renting to Problematic Tenants in Ontario If you’re a landlord, it’s important to find tenants that you can trust and who will take care of your property. To minimize the risk of approving tenants who might be disruptive, a thorough and methodical screening process is important. In this blog post, we’ll explore the characteristics of a quality tenant and offer 4 steps that every landlord should follow when screening applicants. Why You Need Good Tenants Finding a great tenant matters more than just filling an empty unit. Sure, an empty place can cost ..read more

Rent Safety and RentSafeTO: Here’s What You Need to Know Ensuring that a multi-unit residential property is a safe environment for an individual to live in is not only important for the well-being of tenants but also for the value preservation of a property. Both landlords and tenants play vital roles in creating and maintaining a safe living environment. This article covers essential rent safety practices, and common hazards, and dives into the RentSafeTO Program. At the end of this blog post, you’ll also find free resources such as forms, and guidelines. Importance of Maintaining a Safe L ..read more

So You Own a Rental Property? Owning a rental property in Toronto can be both rewarding and demanding. From tenant screening to maintenance and financial management, the responsibilities can quickly add up, leaving property owners feeling overwhelmed. Partnering with one of the top property management companies in Toronto ensures your rental property management needs are met with expertise. LandLord – Professional Management Services With nearly three decades of property management expertise and business experience across Toronto, we understand the complexities of property ownership and know ..read more

Understanding Tax Obligations for Non-Residents with Canadian Rental Property Navigating your tax obligations in Canada as a non-resident can be challenging. This article provides a clearer understanding of what it means to be a non-resident of Canada, and what you need to do to comply with your tax obligations as a rental property owner. Defining Non-Resident Status Generally speaking, a non-resident of Canada is an individual who does not reside in Canada for more than 183 days within a tax year. While there are available tools online to help you determine your residency status, the best wa ..read more

Tenant turnover is an inevitable part of property management that can significantly impact the profitability and operational efficiency of rental businesses. As a landlord or property manager, understanding the nuances of tenant turnover and implementing strategies to mitigate its occurrence is crucial. In this article, we will explore six effective strategies to reduce tenant turnover, ensuring a stable rental income flow. Understanding Tenant Turnover and Its Impact on Landlords Tenant turnover refers to the process where tenants vacate a property, and new ones move in. While it might seem ..read more

Springtime brings not only a renewal of nature but also an excellent opportunity for property owners to ensure their investments remain in peak condition. With spring inspections, property owners can identify and rectify any issues that have arisen during the harsher winter months, setting the stage for a year of optimal property performance and value retention. In this article, we will delve into the critical aspects of spring inspections, from understanding their importance to executing them effectively. Introduction to Spring Inspections for Property Owners Spring inspections represent a ..read more

Making the Right Moves When Renovating Rental Property – Real Estate Investments There’s no getting around it. As a real estate investor, embarking on a rental property renovation is inevitable. Whether it’s out of necessity due to damage or simply to enhance the property value, following certain steps can make renovating your investment property both painless and profitable. These practical tips might seem like common sense to most, but it’s astonishing how many property owners skip this advice to save time and a few dollars. Ultimately, this approach often leads to higher costs than anticip ..read more

Tech innovation has often been the hallmark of big corporations or technology companies. From property transactions to tenant experience and property listings, technological advancements have continually reshaped the landscape of the real estate and property management sectors. Yet, in today’s digital age, the need for innovation has never been more pronounced as the industry faces increasing complexities and demands. Historically, property management has been a labour-intensive endeavour, characterized by stacks of paperwork, countless phone calls, and manual processes. However, as the indu ..read more