Problem tenants aren’t just a nuisance, they’re also a liability. One Toronto landlord found that out the hard way last month when a tribunal handed them a large fine for not reigning in their troubled tenant. The tenant in question had multiple complaints made against them from both neighbours and security staff – claiming they …
Toronto Condo Owner Responsible for Tenant Damage Read More »
Homeowners in Toronto have until the end of the month to declare if their property is occupied. After that, anyone sitting on a vacant unit will face a hefty fine as the city cracks down on absent investors. The annual Vacant Home Tax, set at 1% of the property’s current value, will be levied on …
Escape the Vacant Home Tax by Becoming a Toronto Landlord Read More »
For many Toronto landlords, their property is their biggest and most stable asset – a way to save for the future and gain a steady passive income. Securing that asset doesn’t just mean maintaining your property, it also involves protecting it from fraud. There have been a rash of title fraud cases in the news …
How to Protect Yourself From Real Estate Title Fraud Read More »
Winter is a tough time for property owners, and it’s even tougher for Toronto landlords who need to be mindful of keeping their tenants safe from cold weather hazards like slippery snow. As a property owner, you’re responsible for keeping that property in good shape all year-round – even when mother nature has other plans. …
Is a Landlord Responsible for Snow Removal in Ontario? It Depends Read More »
Forged employment histories, fake credit scores, unreliable references – there are plenty of ways professional tenants can take advantage of unsuspecting landlords to get their foot in the door. Once they’re in your property, these fraudsters can run amok, skipping rental payments, causing damage, or even subletting without permission. Sadly this type of fraud is …
Forged Documents & Credit Scores Leading to Problems in Toronto Rental Market Read More »
One in seven fire-related deaths in Canada are due to a missing or malfunctioning smoke alarms. And every year more than 50 Canadians die of carbon monoxide poisoning. Incidents of both are more common in the winter months, when people are turning up their heating systems, decorating their homes, and getting together, so now’s the …
Fire Alarms & Carbon Monoxide Detectors in Your Toronto Property Read More »
The holidays are a time to decorate, get together, and celebrate the advent of a new year. They’re also a time to practice good fire safety. Candles, Christmas trees, even the holiday dinner, are all potential fire hazards so it’s a good time of year to share some fire safety tips with your tenants. Holiday …
With Canada expected to slide into a recession in early 2023 and the housing market softening, property investors are understandably worried. It’s important not to panic. There’s no denying that these are turbulent times, but there are ways to weather the storm. Real estate deserves its reputation as a solid investment. Short-term shocks won’t detract …
The delicate relationship between landlord and tenant depends, in large part, on mutual respect. Part of that respect is not barging in on tenants unannounced. Just because landlords own the property, doesn’t mean they can wander in and out, ignoring their tenant’s right to privacy. Not only are these spur-of-the-moment visits rude and unwelcome, they’re …
In the tight Toronto rental market, tempers can get frayed – leading to headline-grabbing stories of nightmare tenants, greedy landlords, and heated disputes. It doesn’t have to be that way. Building a harmonious and mutually beneficial landlord-tenant relationship takes work, but it’s well worth the effort to save both parties considerable stress, time, and expense. …
Toronto Landlords – 4 Ways To Improve Tenant Relations Read More »
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