It’s VERY difficult to plan for every bad event that could befall your property, and why would you want to? Property management is difficult and complicated, definitely too expensive and complicated to handle yourself. In the end, it’s almost always
Rental property owners are usually concerned about maximizing income for an investment and ways of avoiding losses for a home they were not able to sell. Keeping this in mind, using the services of a property management company may seem
When you’re advertising your property, showing it to prospects, and screening applications, you’re looking for a great tenant. The best tenants in your local market are looking for a home that’s managed by a professional management company. There are lot
Short of a tenant dying due to a property defect, every landlord’s worst nightmare is to be targeted in a nasty lawsuit. But society is becoming increasingly litigious, and landlords – perceived as having deep pockets – are often in
If you own an investment property and want to retain your tenants and maintain your property value, you’ll need to plan for regularly scheduled property maintenance. In every rental home, maintenance and repair issues will come up and need to
Mistakes can be expensive and make a huge mark on your Return on Investment (ROI). If you’re a self-managing landlord who is worried about paying management fees, it’s important that you realize you can often make a mistake that turns
Vacancies in a rental property are expensive and stressful. When your property is unoccupied, it means you aren’t earning any rental income. It also means your property is at risk for undetected maintenance issues because no one is in it
1. Please read your lease: Yes, seriously read it. It won’t be the most exciting thing to do but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between
One of the key factors that influence the growth of the property market in Canada is the influx of inter-provincial migration into the city. Such migration has traditionally depended on how well the oil industry in Calgary has performed. However,
Vacancies in a rental property are expensive and stressful. When your property is unoccupied, it means you aren’t earning any rental income. It also means your property is at risk for undetected maintenance issues because no one is in it
