Articles

Ways to Handle Utilities in a Rental Property

As a landlord, there are various ways to handle utilities in different types of rental properties. Let’s explore the options for different building types and how each utility can be managed. 1. Utilities for Single-Family House: All-Inclusive: In this scenario, the landlord pays for all utilities, including gas, water, and hydro.  The advantage is that this …

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My Property Manager Kept My Rent

This is a true story that happened to a fellow investor, highlighting the importance of proper property manager vetting and taking necessary steps in case of such incidents.  The fellow investor had hired a property manager who was responsible for collecting rent on their behalf.Typically, the property manager would deduct their fees and other expenses …

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How to Interview Property Manager?

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 …

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Why is it important to use an Ontario Standard Lease?

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 …

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How to Vet Tenants?

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 …

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