Landlord Resources

PM secures tenants with credit reports, reference checks, background checks, employment verification and are knowledge and understanding in what to look for in a tenant.

For the most part, the market determines the rental rates obtainable. The condition of your property also affects the obtainable rent. In most scenarios, the Property Manager collects a percentage of the rent so we would like to maximize the price as much as our clients do. The market is also affected from time to time by waning demand, over-supply, seasonal fluctuations, and timing.

Yes, you can raise the rent subject to the law which requires three months notice which must be properly served before the end of the month preceding the month in which notice begins. For example, if you wish to raise the rent for May 1, you would have to serve notice before the end of January. Rent can typically only be raised once per year subject to the maximum prescribed rate established by the RTO.

Do your homework first! Costs are considerably higher in maintaining a seasonal rental. There may be more repair and maintenance due to heavier use. Management

Concisely, the landlord is responsible for ensuring that the premises and the land meet health, safety and other standards established by local, provincial, and federal law. The property must be reasonably suitable for occupation subject nature and location. Inclusions in the tenancy, such as appliances, should be kept in working order and properly insulated. Rental rates should also be kept in equilibrium with the local market.

No matter how much care and attention to detail is exercised, it is impossible to guarantee the actions of a tenant. Tenants are interviewed, references are checked, and credit reports are obtained. While most tenants come and go without incident, a tenant may try to sneak in a pet, smoke indoors, pay rent late, cause damage, or skip. We drive by properties in our day-to-day travels and offer property inspections in performance of our due diligence. Certain properties and certain neighbourhoods may be prone to more problems than others but the potential of the occasional problem of varying magnitude is a risk that comes with the territory.