Rental Resources

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Furnished vs. Unfurnished Rentals – A Landlord’s Guide

Looking for the Renter's Guide for renting furnished or unfurnished? Check out our article here. Furnishing a rental property is a considerable expense. Should you spend the money or let your tenants furnish your unit? Here are a few things to consider when deciding whether you should rent out your unit furnished or unfurnished. Benefits Of Renting Out A Furnished Unit You can demand higher rent. A well-furnished property rents for 25 ...

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How to Get Rid of Bad Tenants

To avoid dealing with bad tenants, the best option is to avoid the situation in the first place. Too often landlords make the mistake of accepting unsuitable tenants in a moment of desperation. Of course, losing one or two month's rent isn't ideal for cash flow, but a bad tenant can prove far more costly, creating serious headaches, causing expensive damage, or, in the worst cases, a 'professional tenant' might ...

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Tenant Insurance Illustration

Tenant’s Insurance – 5 Reasons You Should Have It

According to StatsCan, only 50% of Canadian renters have tenant insurance (AKA renter insurance, content insurance). The reasons are a bit unclear but the running assumption is that renters assume they are automatically covered by their landlord's policy and thus, see renters insurance as a waste of money. This is a potentially dangerous assumption. The landlord's policy will cover all the bigger things - the pipes, structural issues, appliances etc. ...

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How To Pick The Right Tenant For You

Your tenant can be your best ally, or biggest problem. Tenant turnover is arguably the single biggest cost for you as a landlord. Whenever a tenant vacates, significant costs are incurred. The cost of vacancy, for example - your property may be vacant for one month or more, impacting cash flow. You will also likely have to pay for some maintenance like applying a fresh coat of paint or repairing damage ...

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Moving Expenses Tax Deductible Illustration

Did You Know Your Moving Expenses Are Tax Deductible?

A little-known fact in Canada is that many moving expenses are tax deductible and can boost your return - so keep all your moving related receipts!  Here is a list of moving-related expenses that you can submit to CRA at tax time to help recoup some of the costs associated with your move. What Moving Expenses Can I Claim? Traveling expenses, including car expenses for you and your family Meals and ...

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Renter Beware Illustration

Renter Beware – Know Your Rights As A Tenant

In a tight rental market, renters must be informed and astute as landlords often hold the balance of power in the negotiation process. If you haven’t had much experience as a tenant, it’s important to know your rights before throughout the entire rental process, from signing the lease, during the tenancy, and at the end of a tenancy. Here's a quick list of rights you have as a tenant Signing a Lease ...

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