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 ...

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 ...

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 ...

So you’ve made the fortuitous decision to invest in real estate and now you want the revenue stream to begin raining down on you. But are you ready? Below we provide a list of items to help prepare you to be an effective and fair first-time landlord! NB- We are assuming your building allows rentals so you are not breaking any strata laws in listing your place. Here's a list a new ...