Underused Housing Tax (UHT) Might Apply to Investors Owning Rentals With Corporation
This article is relevant to you if you are an investor with rental properties held under a corporation’s name.
Investment
To Incorporate or Not To?
https://youtu.be/V-UpJoCk1cY Should I Put My Rental Properties in an Incorporation or Personal Name? Many years ago when I purchased my first rental property, I debated if I should own the rental property in a corporation or under personal name. I hired an accountant who charged me $3000 ten years ago to create a corporation for …
How to Pay off your Mortgage in 10 years in GTA
https://youtu.be/c_fagrPXyPg How to Pay Your Mortgage Off in 10 Years in GTA? This is a concept that was introduced to me from Sylvia Ho, a real estate investor and also a specialized mortgage specialist, on how to pay off the mortgage on your primary residence in 10 years using rental properties. Please contact her or …
8 Factors to Consider When Investing in Commercial Real Estate
When investing in commercial real estate, it’s important to consider the following factors: Location Look for properties in areas with a strong economy and good transportation access. Depending on the types of commercial real estate, the locations might be different and your target tenants will be different as well. You have to select the locations …
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How to Calculate Commercial Rent?
https://youtu.be/gEu5AOjfUHU Understanding Commercial Rent Commercial rent is calculated quite differently than residential rent. There are some basics about commercial rents that we must know. Commercial Rent Basic Terminlogies Base Rent TMI – Property Tax, Maintenance and Insurance Gross Rent HST How to Calculate Commercial Rent? The base rent, sometimes called net rent, is the …
Be a Commercial Landlord – Basics
Are you sick of the LTB? If so, maybe you should explore being a commercial landlord. Commercial Tenancies Act is a law for commercial tenancies only. Does not apply to residential tenants and landlords. The Ontario’s Commercial Tenancies Act describes the relationship, rights and obligations between commercials tenants and landlords. Strongly recommend you obtain legal …
My Insurance for Rental Property Suddenly Got Cut! for a Ridiculous Reason!!
A couple of weeks ago, I received a letter from my insurance company regarding one of my rental properties. The letter stated that the insurer could no longer provide coverage for the property due to the reason “No primary residence insured on three same policy.” This statement left me confused about the connection between my …
My Insurance for Rental Property Suddenly Got Cut! for a Ridiculous Reason!! Read More »
Insurance Tips for Rental Properties
Larry Hoover, P&C insurance broker, will join me to give investors some tips about rental property insurance. Here are the questions that we will cover: Does the insurance company care who manages the rental property? Does distance between the property manager or the owner from the rental property matter? How often does the Property manager …
Can Landlord be Exposed to Construction Lien?
Disclaimer: This is not legal advice. It’s merely my own interpretation of what was read from articles on different websites. If you need legal advises, please consult with your legal counsel. The author or anyone else connected with this website, in any way whatsoever, can be responsible for your use of the information contained in …
What is POTL?
What is POTL? POTL stands for Parcel of Tied Land (POTL). It is a concept related to Condominium Corporations. To understand POTL, it’s essential to have a basic understanding of Condominium Corporations. There are different types of Condominium Corporations, with the most common being the standard condominium, which includes condo buildings, high-rises, medium-rises, and townhouses. …