Thorough inspections of your rental property at the beginning and end of a tenancy are key to assessing the unit's condition and ensuring you and your renters are on the same page. Taking the time to check and make note of each item's condition not only helps avoid disputes over potential damages, but gives you a clear record of what might need repairs or maintenance so you can prepare accordingly. ...
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Airbnb continues to grow in a popularity as a platform for facilitating short-term and vacation rentals. Serving as an alternative to hotels and traditional B&Bs, short-term rentals have proven an effective way for landlords to earn passive income on their rental property without the commitment of a long-term lease agreement. For the vast majority of real estate investors, maximizing profit while minimizing risks and overhead expenses is crucial. Which strategy ...
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Nearly every landlord's goal is to rent their listing efficiently while minimizing risks from troublesome tenants and potential vacancies. Knowing where to post your listing, how to attract quality renters, building a solid tenant screening process, and simplifying your contracts and rent payments are key to making your rental process as easy and fast as possible – sometimes taking as little as one day from listing to signing. In this ...
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With any tenancy, the question will inevitably arise: who's responsible for what? Landlord responsibilities and tenant responsibilities vary by province, and Alberta is no exception. Things like mowing the lawn, shovelling snow, and cleaning carpets, can all be grey areas for landlords and renters but thankfully – the Residential Tenancies Act and Minimum Housing and Health Standards in Alberta lay out clear guidelines for who is to perform what duties ...
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Schools are back in session across the country, but if you're still on the hunt for the perfect off-campus housing near York University, it's not too late! The fall semester may have already begun, but there are plenty of short-term and long-term rentals within the Greater Toronto Area still up for grabs. Whether you're attending York University's Keele Campus in North York, the Glendon Campus to the south, or plan ...
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For busy landlords, enlisting the help of a well-reputed property management company can be a huge boon to your rental business and save tons of time spent on day-to-day upkeep. With that being said, though, technology has reached a point where many of the typical rental management duties can be automated using the many rental platforms and apps for landlords available on the market today. The question then becomes: do ...
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There are a number of reasons why renters may seek short-term housing. Greater flexibility, less commitment, or sometimes simply because their work or school situation requires it. Month-to-month leases are perhaps the most common type of short-term lease, and there are usually quite a few options for renters seeking this kind of arrangement – particularly in a major city like Toronto. Still, especially for newcomers to the city, it can ...
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Toronto Metropolitan University, formerly known as Ryerson University, is Downtown Toronto's third-largest post-secondary institution, behind only The University of Toronto and York University. The breadth of the school's programs and its excellent reputation both within Canada and internationally mean thousands of students move to Toronto each year to attend the school. While Toronto Metropolitan University does offer student residences, a spot in them isn't guaranteed for first-year students, and upper-year ...
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Every Canadian province has its own rules regarding rent deposits. How and when they can be collected, what types of deposits are permitted, and the rules for their return all vary greatly depending on where you're renting, and Alberta is no exception. Whether you're a landlord or tenant, it's important to familiarize yourself with how rent deposits work in Alberta so that you're aware of your rights and responsibilities. To ...
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Today's landlords have benefitted greatly from the rapid development of new technologies, with everything from listing to digital contracts helping to automate the rental process. The multitude of new software and apps designed to help landlords and other busy professionals has made it easier and faster than ever to manage your day-to-day operations. Of course, there is such a thing as too much choice though. With hundreds, even thousands of ...
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