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.
Residential
Understanding Zoning and Permitted Use in Ontario
Zoning is a pivotal mechanism within Ontario’s urban planning landscape, essential for regulating and managing land use within municipalities. This article delves into the intricacies of zoning, from its purpose and function to its practical application in the province. What is Zoning and its Purpose? Zoning plays a pivotal role in the urban planning of …
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How to Avoid Real Estate Fraud?
How to Avoid Real Estate Fraud? The first thing to be able to prevent or avoid real estate fraud is to understand how they happened. Just like learning about cyberattack or home safety. Educating yourself is key. Real Estate Frauds are Real In a recent stories on Globe and Mail, there are home owners who …
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 …
Toronto Vacant Home Tax
https://youtu.be/y1imqv5q_Zw Understanding Toronto Vacant Home Tax City of Toronto has just enacted the vacant home tax. Here are some highlights that you should know if you own any properties in the City of Toronto: Everyone Has To Complete Toronto Vacate Home Tax Declaration You must complete a declaration about the occupancy status annually. To submit …
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 …
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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. …
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 …
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 …