Whatever industry you choose, it is critical to understand everything you can about it. But, there is a lot to consider when it comes to real estate and rental property management. Hence, continue reading as we go through some of the most frequent real estate and rental property management terminology that all industry professionals should be familiar with. Why Is It Necessary to Understand Property Management Terms? Whether you’re a landlord, property manager, renter, or looking to buy real estate, it’s critical to understand basic real estate terminology. Furthermore, if you want t ..read more

Passive income, appreciation, stability, high returns, and tax advantages are all compelling reasons to invest in long-term rental properties. Not all rental properties are the same. If you’re looking to find the right investment property, you should know what you’re looking for, as well as what your prospective tenants are looking for. Here are the five items you should prioritize on your checklist when you consider buying a rental investment property. An Appealing Location Because “location, location, location” is so crucial, everyone is always talking about it. A good location is essen ..read more

As an independent landlord, you must recognise that the secret to landlord success starts with choosing a rental rate that is both lucrative for your property and competitively priced to attract suitable renters. When purchasing an investment property, choosing the right rental fee might be difficult. While you may be tempted to be aggressive and demand a big premium for your unit in comparison to other comparable units in the region, doing so may result in long-term property vacancy. Setting your rent too cheap, on the other hand, can affect your bottom line. Learn more about identifying the ..read more

To reduce vacancies, all landlords strive to maintain excellent tenants in their rentals. But you won’t always discover the ideal renters who will occupy your buildings for an extended period of time. However, tenant turnover is one of the most costly aspects of running a rental business. As a result, landlords make a lot of effort to raise their tenant retention rate. Finding excellent renters that do all of these things is difficult, but if you have tenants who treat your rental property like it were their own, you will never want to see them leave. Continue reading as we go over some advice ..read more

Are you renting a house for the first time? It’s normal to be apprehensive. After all, landlords and tenants also experience stress when moving. As a new landlord, you must get familiar with all the legalities involved in leasing a home. There are numerous things to remember; therefore, it’s a good idea to use a first-time landlord checklist. Being a landlord is a secure investment with numerous advantages. You can earn passive income and build wealth for retirement. Here is a list of everything you should know before renting a home for the first time, along with solutions to common prope ..read more

The market isn’t the only thing that makes investment properties fluctuate in value. By tending to your property and putting smart money into it, you can make the most of its worth and enjoy greater yields. If you’re unsure of what that actually entails and aren’t sure where to begin, good news: that’s our specialty! Property Management Toronto is a leading condo management company in the industry, and our services and knowledge can help net you a greater return month to month and year to year. Let’s take a look at ten ways condo owners can maintain the value of their property. 1. Secure Great ..read more

At some point, all landlords must deal with property damage. Property damage can result from wear and tear, neglect, or misuse. Dealing with property damage the right way is essential for a landlord’s peace of mind and revenue flow. At Property Management Toronto, we’ve been in the real estate business for over 25 years. As one of the top Toronto property management companies — we have experience dealing with property damage. Drawing on our expertise, we’ve developed a list of five tips to help landlords deal with property damage. #1 Don’t Stress The first thing you must do after learning abou ..read more

Housing is one of the most reliable investments a person can make because, unlike other products, they can’t make new land. Real estate traditionally outperforms other types of investments. However, buying or selling a property is not like purchasing shares in, say, a software or clothing company. People need somewhere to live, and cities like Toronto are in desperate need of additional housing. Canada’s largest city has over 10,000 homeless people, a population that is growing quickly. Middle-class people increasingly can’t afford to live here. Even the city itself said they had trouble in hi ..read more

Are you looking at Canada’s red-hot housing market, wondering how you’ll ever buy a home? Rather than see the surging prices as an obstacle, perhaps it’s better to approach it as an opportunity. There are jobs to be had in real estate, including in what we do — professional property management! If you’ve never considered this position, there may be some compelling reasons to join that are new to you. If you’re unsure of what the job entails, you’ll enjoy reading more about what Let’s review five reasons why starting a career with a property management company may be rewarding and suitable for ..read more

Investments like stocks don’t require any upkeep, maintenance, or services. You simply buy an asset and decide to hold or sell it as its value changes. Owning an income property is another beast altogether. You own someone else’s home! Real people live under your roof, and like anyone, they’re going to have issues that landlords are ethically and legally bound by. Let’s take a closer look at the type of calls landlords get and how professional landlord property management makes them all disappear. “Something is Broken in My Unit” If you own an income property and go it alone, you’ll have to re ..read more