When it comes to interviewing property managers, I have found it beneficial to follow a structured approach and utilize a spreadsheet to document the results. Below are the questions I include in the spreadsheet, along with a brief explanation. For detailed explanations and insights, I recommend watching the accompanying video. Company: Record the name of …
Can a landlord have a no-pet policy? Landlord can ask if tenants have pet before move-in. Landlord can reject tenants because of their pets. However, after the tenants move in, landlord cannot evict the tenants because of the pet. “No-pet” clause in rental agreement are void in Ontario. When can landlord evict a tenant because …
You can potentially increase the chances of selling your property in a downturn by utilizing a vendor take-back mortgage (VTB). But what exactly is a VTB? It occurs when a seller extends a mortgage to the buyer for a portion of the sale price, essentially acting as the lender. Example Here’s an example to help …
Did you know that tenant can withhold 1 month of rent if you do not provide an Ontario Standard Lease? On February 7, 2018, Ontario’s Ministry of Housing released the new Residential Tenancy Agreement (Standard Form of Lease). It’s also commonly known as the Ontario Standard Lease. This new lease is supposed to make it …
Why is it important to use an Ontario Standard Lease? Read More »
Being a landlord in today’s times can be challenging due to the potential consequences of dealing with a bad tenant. The eviction process, particularly through the Landlord and Tenant Board (LTB), can be time-consuming and frustrating when trying to remove a non-paying tenant efficiently. Moreover, advancements in technology have made it easier for individuals to …
Pricing a home for sale is as much art as science, but there are a few truths that do not change. Fair market value attracts buyers, overpricing does not. The first two weeks of marketing are crucial. The market does not lies, but market value can shift. Fair market value is what a willing buyer …
