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Toronto, Mississauga, and the GTA.

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Oct
10/17

How to Sell a Tenant Occupied Property – Toronto Property Management
Recently, a client of ours ran into a problem trying to sell their property, which was tenant occupied. They were putting their house up for sale, and they wanted a quick closing so they could act on a new investment opportunity. This is no surprise in our busy Toronto market. They did run into a few hiccups, which we are sharing today in case you need to sell an occupied property. Read Post >>
Sep
12/17

What to Do if a Tenant Doesn’t Pay Rent – Toronto Property Management
Since this blog will talk about a tenant not paying rent, I want to share my first experience in owning a rental property. If you have any questions about how to deal with a tenant not paying rent or you'd like to talk about what professional Toronto property management can and should do for you, please contact us at Real Property Management Service. Read Post >>
Sep
5/17

Professional vs. DIY Property Management in Toronto, ON
Recently, I had a phone call with a potential new client who was calling around to several property management shops and also considering self management. This customer wanted to figure out why people hire a property manager. Some things quickly came to light during that phone call that may apply to your situation.       Read Post >>
Aug
17/16

Tips for building a strong relationship with your property manager in Toronto
The relationship between the property owner and the property manager is an important one. Perhaps the most important reason is that the property manager acts as your representative to prospective tenants and therefore should really have your best interests at heart.  Regardless of whether you own just one property or several, your property manager essentially works for you and should value your property (s) as they would value their own. Read Post >>
Jun
23/16

10 Tips for building a strong tenant/property manager relationship in Toronto
The business of managing property is really a business about relationships; when you stop and think about it, everything in life is about relationships. However, the relationship between tenant and property manager or landlord (in some cases both) is a relationship that can become easily strained and is best served when both parties are committed to clear communication and specific expectations. Read Post >>
Jun
23/16

A guide to investing in Toronto's Real Estate Market
Investing in Real Estate is one of the biggest decisions that anyone can make and purchasing a home is by far one of the BIGGEST financial investments that we make.  Most would agree that it's a sound investment because we all need a place to live and there is great appeal in owning our dwellings, but what about the prospect of investing in real estate for the purpose of investing in it rather than living in it?  Read Post >>
Jun
15/16

A Guide to Choosing the Best Property Management Company
The Toronto real estate market is hot. More often than not, investors are scooping up residential properties with the promise of a great ROI. However, being a landlord requires hard work and dedication. That's where property management companies come into play. Read Post >>
Jun
15/16

Finding a Property Manager in Mississauga
Finding a property management company to manage your rental property can feel like a daunting task. If you live in the Mississauga area of Ontario, and own a rental property, then you know there is no shortage of property management companies ranging from large to small in our area. Well, we'd like to highlight the pros and cons to help you make the best decision when choosing a property manager. Read Post >>
Apr
28/16

Bill 132: How this affects landlords and tenants
These changes are also significant to us at Real Property Management as well. Part of our services to landlords and tenants is knowing and understanding how the law works with regards to the rights and responsibilities of both parties.  These changes in the law will be reflected in our policies and procedures as well. Read Post >>
Apr
28/16

The Change to Second Suites and the Ontario Initiative
Here at Real Property Management, we believe this move to ease up on regulations in the second suite market is a positive one that supports the overall Long-term Affordable Housing strategy. If you are a landlord seeking to rent a second unit, give us a call, we can help you with the screening process of your potential tenants as well as other aspects of setting up your rental property. Read Post >>
Mar
28/16

Fight To End Cancer
Real Property Management Service's owner Jason McGuire is proud to participate in the Fight to End Cancer 2016.  We would greatly appreciate any assistance and support that you could provide for this great cause http://bit.ly/1PRURS7.  We all look forward to cheering Jason on during his big fight on: June 4, 2016. Founded in 2011, the Fight To End Cancer has raised over $500,000 to date, in support of cancer research, with proceeds going directly to the Princess Margaret Urgent Cancer Priorities Fund at the Princess Margaret Cancer Foundation. Featuring a new group of white-collar men and women each year, with no prior boxing experience, Fight To End Cancer's annual black tie gala concludes months of their intense training, in true Olympic-style boxing, and hard work in achieving personal fundraising goals. Fight To End Cancer has quickly grown to become a premium fundraiser and showcases these brave individuals, as they lace up their gloves and step into our ring to help knock out cancer. Fight To End Cancer has one core mission; to end cancer. For us, there is no other option. Our motto is simple. Defeat Is Not An Option. Read Post >>
Mar
8/16

What are the benefits of renting my property?
If you are a homeowner you know the satisfaction of having a place you can call your own and feeling the freedom to make changes and upgrades to your property whenever you want. So what do you do if you're faced with needing to relocate; do you sell your home or should you rent it? Read Post >>
Mar
8/16

How to Overcome the Biggest Property Management Challenges
Owning property is one of the great benefits of a free society, especially when one can generate income from that property by renting it out as a dwelling place or business location. However, like most things in life, there are challenges that come with property ownership and more specifically with the management of that property. Read Post >>
Apr
13/13

Free Tenant applications
Do tenants really need free applications at the Landlord and Tenant Board (LLTB)? Is an application fee of $0 to $45 really too much for someone to pay? If so, why do landlord... Read Post >>
Mar
22/13

Pricing new rental properties
Pricing of a rental property is critical in order to avoid prolonged vacancies and to reduce overall carrying costs. When a new condo building comes onto the market, it is... Read Post >>
Dec
5/12

Security Deposits in Ontario
Residential Security Deposits in Ontario, Updated   A common question from landlords revolves around Security deposits and how much is acceptable. Landlords are... Read Post >>
Dec
5/12

Canadian Non-resident Requirements
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... Read Post >>
Oct
22/12

Property Management Poll & Interview
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... Read Post >>
May
9/12

Landlord Tip #75
#LandlordTips – Rented hot water tanks are costly in the long run. A small, one time investment of a hot water tank can save you $20. to $30. per month. Read Post >>
May
7/12

Landlord Tip #74
#LandlordTips – Have your considered renting out your roof for additional income? Start looking into solar power. Read Post >>
May
4/12

Landlord Tip #73
#LandlordTips – Gas companies provide shower heads to reduce water consumption and may even install them in larger complexes for free. Read Post >>
Apr
27/12

Landlord Tip #70
#LandlordTips – Renting your home can be very risky if you are not completely aware of what you are undertaking. Read Post >>
Apr
25/12

Landlord Tip #69
#LandlordTips – People invest in real estate because of the greater returns with low down payments. Read Post >>
Apr
23/12

Landlord Tip #68
#LandlordTips – A Property Manager can assist you with the growth and achievement of your financial goals. Read Post >>
Apr
18/12

Landlord Tip #66
#LandlordTips – A Property Manager can alleviate many headaches of dealing with tenants. Experts state that 10% of the rent collected should be allocated for a Property... Read Post >>
Apr
16/12

Landlord Tip #65
#LandlordTips – A landlord's ability to pay for maintenance is not considered when maintenance is required. Read Post >>
Apr
11/12

Landlord Tip #63
#LandlordTips – Why do tenants have the option of legal advice at a hearing and a landlord has the self-help center they can access over the phone? Read Post >>
Apr
9/12

Landlord Tip #62
#LandlordTips – Do not expect a Landlord and Tenant Board hearing to always be quick and uncomplicated. Be prepared to wait while your tenant speaks to Duty Council at the... Read Post >>
Apr
6/12

Landlord Tip #61
#LandlordTips – The Landlord and Tenant Board does not provide information about previous hearings. You will not know if your applicant was previously evicted. Read Post >>
Apr
2/12

Landlord Tip #59
#LandlordTips – Request Notice of Assessments for self-employed tenants in order to gauge income. Read Post >>
Mar
30/12

Landlord Tip #58
#LandlordTips – A Letter of Employment is a good method to verify employment; however, a pay stub reflects an actual amount from a specific employer. Read Post >>
Mar
28/12

Landlord Tip #57
#LandlordTips – Ask for the L.M.R. with a rental deposit. You may not be able to keep the deposit, but it is a step towards finding a good tenant. Read Post >>
Mar
23/12

Landlord Tip #55
#LandlordTips – The C.H.M.C. recommends that rent should not exceed 30% of an individual's gross income; however, the O.H.R.C. would consider this discrimination. Read Post >>
Mar
21/12

Landlord Tip #54
#LandlordTips – Standards for a landlord's tenant screening process should be in place at the onset of the process. Read Post >>
Mar
19/12

Landlord Tip #53
#LandlordTips – If a landlord considers allowing pets, the chances of being surprised, after a Tenancy Agreement is signed, is less. Read Post >>
Mar
16/12

Landlord Tip #52
#LandlordTips -You can screen tenants for pets but will have a hard time evicting them if they bring one after the lease starts. Read Post >>
Mar
14/12

Landlord Tip #51
#LandlordTips -Natural coloured paint is the most appealing for tenants and home buyers as they will match almost any furniture. Read Post >>
Mar
12/12

Landlord Tip #50
#LandlordTips -Every unit will require some work when a tenant moves out. Painting and/or cleaning are very common. Read Post >>
Mar
9/12

Landlord Tip #49
#LandlordTips -Lock boxes can be a great way of letting people getting into your property but avoid easy combos like years and house numbers. Read Post >>
Mar
7/12

Landlord Tip #48
#LandlordTips -Why should you have to wait months to evict a residential tenant for not paying rent? With commercial properties you just have to serve notice. Read Post >>
Feb
29/12

Landlord Tip #45
#LandlordTips -Don't disconnect your utilities just to get rid of your tenants as you could get fined under the RTA. Read Post >>
Feb
13/12

Landlord Tip #38
#LandlordTips -The city will not care if the tenant does not clear the snow and will fine the owner. Read Post >>
Feb
10/12

Landlord Tip #37
#LandlordTips -Different cities require heat and air conditioning to be turned on at different times. Read Post >>
Feb
3/12

Landlord Tip #34
#LandlordTips -Snow removal companies will normally not show up until at least two inches have fallen. Read Post >>
Jan
30/12

Landlord Tip #32
#LandlordTips -Always put utilities in tenant's names. If they stop paying hydro will shut them off but it's illegal if the landlord turns the hydro off. Read Post >>
Jan
27/12

Landlord Tip #31
#LandlordTips -If you charge rent plus a share of utilities you may have difficulty evicting tenants if they choose not to reimburse you. Read Post >>
Jan
20/12

Landlord Tip #28
#LandlordTips -Don't forget to winterize your properties every year. If a tenant forgets your insurance will not care. Read Post >>
Jan
13/12

Landlord Tip #26
#LandlordTips -Pest problems are the landlord's responsibility unless you can prove the tenants caused the problem. Read Post >>
Jan
9/12

Landlord Tip #24
#LandlordTips -Is it worth having a basement apartment if the law may require you to evict a tenant but the LLTB will not allow you to? Read Post >>
Jan
6/12

Landlord Tip #23
#LandlordTips -Change batteries in smoke detectors yearly to avoid costly problems with fire departments and protect your investment. Read Post >>
Jan
2/12

Landlord Tip #21
#LandlordTips -Landlords are required by law to give new tenants information packages. Information for New Tenants Read Post >>
Dec
30/11

Landlord Tip #20
#LandlordTips -Verify your tenants have set-up utility accounts and have insurance before releasing keys. Read Post >>
Dec
28/11

Landlord Tip #19
#LandlordTips -Check with past landlord to find the real scope on your tenants. Current landlords might say good things just want to get rid of them. Read Post >>
Dec
21/11

Landlord Tip #17
#LandlordTips -Did you know it takes about 3 months to get an eviction order on a tenant for not paying their rent? On top of that the sheriff's office is behind on... Read Post >>
Dec
19/11

Landlord Tip #16
#LandlordTips -LLTB will award 3% interest on outstanding balance. Why do bad tenants get great interest rates? When was the last time your credit card gave you a 3% unsecured... Read Post >>
Dec
16/11

Landlord Tip #15
#LandlordTips -Security deposits are illegal in Ontario. You can collect the last month but only use it for the rent. Read Post >>
Dec
12/11

Landlord Tip #13
#LandlordTips -Good tenants will let you know about problems. Instead of finding out during your inspections. Read Post >>
Nov
30/11

Landlord Tip #8
#LandlordTips -Gas companies will provide rebates for heat savings incentives in larger buildings Read Post >>
Nov
28/11

Landlord Tip #7
#LandlordTips – Upgrade old toilets to low flow for government grants, rebates and lower bills. Read Post >>
Nov
25/11

Landlord Tip #6
#LandlordTips -Replace old lighting in common areas to reduce energy cost. Great investment that will pay for itself. Read Post >>
May
30/11

Condo Investors, money making tips
Tips and tricks to making money Purchasing a new condominium sounds like a "Win-Win" situation. Realtors, investors and builders are shouting at you to buy. You pay a small... Read Post >>
Mar
16/11

Real Estate Investing Basics!
You have decided to invest in Real Estate. In the following series of blogs, you will discover important information that every investor needs to know. When looking for an... Read Post >>
Mar
10/11

Entering a rental unit
As with any investment, monitoring it to ensure all is well with it is important. Your rental property is a huge investment and requires close monitoring as well. You will require... Read Post >>
Mar
3/11

Tenant screening: What to look for
What makes a good tenant? This is a good and very complex question that can have several different responses. An alternative question to ask yourself might be, what should I be... Read Post >>

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