When it comes to renting out a property, one of the most important steps is to have a proper lease agreement in place. But, who should be responsible for signing the agreement? As a landlord or property manager, it’s important to understand the best practices and scenarios surrounding residential lease agreement signatures. Why Landlords Should […]
Applying to college is a stressful time as it is. The experience can be made even more stressful when you aren’t prepared for the costs that can pile up! That’s why we’ve put together a list of unexpected housing costs that all prospective and current students should budget for. Security Deposit As a private renter, […]
Expanding your property portfolio is the ultimate sign of positive growth for your investment, but many investors struggle to hit that point. It’s difficult to give a solid answer on when you should expand your portfolio. However, we can definitely lead you in the right direction with some questions to ask yourself. What are your […]
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Pricing Your Rental Correctly
Pricing your rental correctly can be challenging. It can be tempting to charge a high premium for your unit compared to other similar units in the area, however, setting the rent price too high could lead to long-term property vacancy. Additionally, setting the rent too low will hurt your bottom line. Here’s our guide on how to […]
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Keeping work-life balance as a landlord
Many people struggle with achieving a good work-life balance, but it can be a lot more difficult if you’re a landlord staring out. Avoiding the important task of dealing with a lack of work-life balance can lead to burnout. The key to finding peace between both worlds lies in setting up the proper boundaries and […]
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Best Ways to Communicate with Tenants
In any relationship, good communication is very important. Especially when we’re speaking about the landlord-tenant relationship. As a landlord, it’s important that you trust tenants to communicate when something is wrong and as a tenant, you would expect landlords to respond promptly when an issue has been flagged. So, how can you best improve your […]
With there being increasing concerns about the environment and ways to become more sustainable as a society, there are many ways that you can do your part as a landlord to make your property more energy-efficient. Install A Humidifier A humidifier keeps your building’s humidity levels constant and is good in the winter months. In […]
When it comes to rental application fees, there are a few things that both tenants and landlords should know! Landlords usually charge rental application fees that go towards running background and credit checks on applicants. How much are rental application fees? Rental application fees are to cover the cost of screening a tenant, so the […]
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Why It’s Time to Ditch Your Spreadsheets
Keeping track of your rental portfolio using spreadsheets can easily become overwhelming and complicated. Luckily, there is now software available such as ours, that can help you manage your portfolio efficiently. Here are some reasons why you should ditch your spreadsheets today: Spreadsheets aren’t purpose-built One of the great things about spreadsheets is that they […]
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Redecorating: A Guide for Landlords
Many landlords opt to undertake their own repairs and decorating. It’s completely understandable to keep labour costs down and complete small works yourself. This is especially the case when redecorating. A fresh lick of paint in a property can help to give it a modern, cleaner feel. A well-maintained property always helps to attract interest when it […]