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Upscale Townhouse, Warden Subway


on Landlord, Listings, Property Management, real estate investment, rental, tenant April 13th
Dairy Drive

Dairy Drive

Newer 3 bedroom end unit townhouse with quality finishes: granite countertops, stainless steel appliances, ceramic tile in kitchen and bathrooms, hardwood floors, gas fireplace. Windows blinds installed throughout, neutral decor. Short bus ride to Warden subway, garage has access from house. 2.5 bathrooms, large closets. Air Conditioned. Tenant pays gas and hydro.


Upscale townhouse, Steps to Subway


on Condo, investment property, Landlord, Listings, Property Management, real estate investment, rental, tenant, Toronto February 2nd
Spadina Townhouse

Spadina Townhouse

Enjoy fine downtown living in this luxury home. 3 bedrooms, 2 ½ baths, 6 appliances, huge rooftop deck. Located in the Annex, this home boasts hardwood, natural stone and ceramic floors, high ceilings, Juliet balconies in all major rooms. Great closet and storage space. Private, attached 1 car garage. Steps to subway and amenities of Bloor Street. Tenant pays utilities. Tenant pays gas and Electricity and Hot water tank rental. Owner pays water and waste management.


Condo with Parking and Locker


on Condo, General, investment property, Landlord, Listings, Property Management, real estate investment, rental, tenant, Toronto January 12th
Brunel Court

Brunel Court

Live at CityPlace, Large bright 1 bedroom, This 650 square foot condo unit has huge floor to ceiling windows, Vertical blinds on all windows. PARKING SPACE AND LOCKER INCLUDED. Tenant pays utilities. Condo tenants have access to recreational facilities: Indoor pool, Sauna, and Gym. Located in the heart of downtown this condo is steps from the entertainment district, Queen West and other downtown amenities. Some of the extraordinary amenities include large swimming pool, outdoor tanning deck, whirlpool, multipurpose gymnasium, open lounge, outside patio and BBQ, party room with outdoor terrace, and  grocery store. Call 416-653-2877


Complete house, Hardwood Throughout, New appliances


on General, investment property, Landlord, Listings, Property Management, real estate investment, rental, tenant, Toronto January 12th
Main Street

Main Street

Charming 3 bedroom house with lots of traditional charm. Refinished hardwood floors throughout, 6 appliances, Living room has decorative fireplace and French doors. Separate dining room with walkout to large deck and naturalized ravine back yard. 2nd story has 3 bedrooms and modern bathroom with extra long tub. Basement has storage space. parking for one car. Good access to TTC, parks, schools, shopping and restaurants. Tenant pays gas, hydro and hot water tank rental Call 416-653-2877


Miele Appliances and New Flooring in this CityPlace Condo


on Condo, General, investment property, Landlord, Listings, Property Management, real estate investment, rental, tenant, Toronto January 12th

 

Telegram Mews

Telegram Mews

Be the first to rent this Bright, Beautiful Condo with new flooring at Cityplace, Great views, Lots of light. Quality Miele Appliances, Custom cabinetry. Balcony has great south view. Building has concierge and good recreation facilities, gym and pool. Well located to all downtown amenities. Tenant pays hydro. This rental includes a locker. Call 416-653-2877


Unique, Two Story Condo, Very Large Rooms, Fireplace, Balcony


on Condo, investment property, Listings, Property Management, real estate investment, rental, tenant, Toronto June 4th
Old Mill Road

Old Mill Road

Exclusive building of only 20 units, located on a quiet street in the upscale Kingsway neighbourhood. Bright spacious 2 bedroom condo has 1650 square feet on 2 levels. Hardwood and ceramic floors. 2.5 bathrooms. 6 appliances. Granite counters in kitchen. Living room has working fireplace and private balcony running the width of the unit. Easy walk to Old Mill subway station, Old Mill Restaurant, Spa and tennis Club. Close to amenities in Bloor West Village and Kingsway Village. Enjoy walking trails along the Humber River. Rent includes one parking space and locker. Tenant pays hydro. No pets per condo bylaw. Call 416-653-2877


Well located condo with utilities and parking included, 1300 Sq Ft.


on Condo, General, real estate investment, rental, tenant, Toronto June 3rd
45 Carlton Street

45 Carlton Street

Bright condo apt. across from historic Maple Leaf Gardens. Large two bedroom with two full bathrooms, sun room, living room, dining room and eat-in size kitchen. Ensuite laundry and storage.

Approx 1,300 sq ft. New bamboo hardwood floors. New kitchen appliances. Updated bathrooms. New vertical blinds. Freshly painted throughout. Building amenities include 24 hour concierge, free visitor parking, indoor pool, jacuzzi, saunas, well-equipped gym, indoor track, squash courts, pool and billiards room, ping pong, and rooftop deck, study lounge, library, etc. Shopping and subway are steps away. $2,650/mo. Includes parking, all utilities, heating and AC. No dogs allowed in building. Call 416-653-2877

5 Things Tenants Tell Us and What They Usually Mean


on Condo, General, Landlord, Property Management, rental, tenant, Toronto May 20th

OK, after 25 years in the property management business, I may be a bit jaded.  However there are some things that we hear over and over again. Here are the most common ones that either make me smile or set off alarm bells.

1. Would the Landlord reduce the rent for a really good tenant?

It seems to be common to think that most tenants are bad tenants.  In reality, most tenants are good tenants. We only hear more about the bad ones. There is not much to tell about good tenants. They pay their rent, respect the other tenants and take pride  in the property they live in.

Some prospective tenants think that by telling the landlord that they are good tenants, they are offering something special to a landlord.  Despite experience and good judgment and credit checks, a landlord never really knows absolutely how good a tenant is until they have moved in and lived there for awhile.

If the rental is a well maintained property in a good rental location it will  attract mostly good tenants.  If a property is poorly maintained it will often attract poor tenants. It’s as simple as that.  Landlords do not have to reduce rent or make deals with tenants if they are offering  quality rentals.

2. My dog never barks.

Most dogs bark. The only exceptions, I’ve seen are dogs that wear ‘no bark’ devices and once one that had been surgically altered (yes,  really). Dogs owners become accustomed to the sounds of their dog and often don’t notice how much they bark.  Often the dog does not bark when the owner is home but when the dog is left alone, every time someone  enters or leaves the property the dog, who wants to be feed of walked or just noticed, starts to bark. Of course, the dog owner does not hear it but everyone else gets to listen.

3. I had to declare bankruptcy but it was my ex’s fault. He/She was the one with the spending problem.

I have to admit falling for this story several times early in my career. In each case, the tenant ran into financial trouble before long and had to be evicted.  Sometimes a prospective tenant  tells me that they did have some problems but they have  sold their house so they have sorted out their problems and will be able to pay the rent without fail.  When someone has just sold their house it does not necessarily mean that they had equity in the home. They may have been forced to sell.   It is always important to do a credit check and make sure there are no credit issues and good bill payment patterns.  Sometimes, this story leads to the next one:

4. I couldn’t pay my rent because I have a sick/dead relative. 

I’ve heard variations of this story countless times and almost with out exception, it’s the beginning of the end of the tenancy.  It’s a story that of course, I have to give the benefit of the doubt to,  but after hearing it so often with the same end result, I have to also consider the consequences of unpaid rent and do my best to mitigate the situation.

5. I’d like to pay my rent in cash

Sometimes when a novice landlord hears this they think that it’s good news: no bouncing cheques! However, this the the story that really sets off alarm bells.  If A tenant wants to pay rent by email transfer that is not a problem. It’s when they ask to pay ask to pay cash because they don’t have a bank account that I get concerned. This can mean that  they don’t have a bank account because too many creditors are waiting to garnishee any money the tenant has in a bank account.  This prospective tenant often shows up near the end of the month in hope of finding a landlord desperate enough to put aside any reservations he may have about poor credit.


Should I rent my house?


on Condo, General, Landlord, Property Management, rental, tenant, Toronto April 2nd
Toronto homes

Should I rent my House?

When you have an opportunity to travel and work in another city, there is  the question of  what to do with your house or condo while you are away. Most of us don’t have the luxury of leaving it vacant and if we do there are costs involved to make sure the house is safe while you are away (see vacancy protection).  Usually the choice is whether to rent or to sell.

You need to be comfortable with the idea of renting your house first of all and  secondly you have to be comfortable financially as well.  If you are  going to lose sleep at night,  fretting about what your tenants are doing to your property you should probably not consider being a landlord. Read more »


Dos and Don’ts for Ontario Landlords


on Condo, General, Property Management, real estate investment, rental, tenant, Toronto March 16th
  • Learn about the Law (Residential Tenancies Act.).
  • The Landlord and Tenant Act supersedes your lease.
  • The most important part of managing your property is bringing in a good tenant.
  • Do a credit check on anyone who is to be on the lease.
  • Make sure the deposit cheque has cleared before signing a lease.
  • No one moves in before the lease is signed.
  • Make sure you keep a set of keys to your property.
  • Have a cushion of at least 3 months expenses in case of problems.
  • Respect your tenant’s privacy, give proper notice.
  • Use the proper forms for notices and read the instructions to make sure you are doing it correctly a small mistake can void the notice.
  • Buy property in locations that will attract quality tenants with good jobs.
  • Respond promptly to tenant issues.
  • Be fair, but hold your ground on unnecessary or unreasonable requests.
  • Keep the property well maintained.
  • Increase rents if the market will bear it.
  • Don’t let your emotions get in the way of acting professionally.
  • Your tenants are not your friends, keep the relationship business like.
  • Don’t rent to friends or relatives.
  • Work with tenants to resolve issues.