Archive for November, 2012

Choosing Investment Property that will Attract the Best Tenants

on Condo, Landlord, Property Management, rental, tenant, Toronto November 26th

by Lucille Yates

Once you get past the financial considerations, next is deciding on the location and type of investment property to purchase. The thing to think about is who will your tenant be.  What type to tenant would bring you the best income and would take care of the property?

condo development in Toronto

Downtown Toronto Condos

Often it is the location of the property that attracts a particular type of tenant.  In my experience most tenants tend to be under age 35, often single or couples without children.  These are people starting out in life, they want to live where their friends live.  They want to be close to their work, especially if they are young professionals putting in lots of hours to get established in their field. They want convenience of amenities close  to home.  They often want to eat out so the proximity of restaurants and grocery stores  is important. Read more »

Furnished versus Unfurnished

on Condo, Landlord, rental, tenant November 8th

By Lucille Yates

Residential Property Management Inc. has rented hundreds of residential properties during 25 years of doing business in Metropolitan Toronto. As a property manager, I often get enquiries about renting furnished properties.  In my experience the benefits of renting a property unfurnished far outweigh those of renting furnished. Read more »

Toronto’s Hot Condo Market

on Condo, Landlord, Property Management, rental, tenant, Toronto November 8th

Although this article may be a bit of an exaggeration, it does reflect the hot rental market in Toronto.  The current rental market is the best we have seen in years. Both Condo and houses are renting quickly. Read more »