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Operating a profitable rental business does not need to be stressful, although for some landlords it may seem to come with the territory. One trick is to view the rental business like any other job. Working smart doesn’t mean working more hours. It means setting up...
by Marv Steier As landlords we have to do what is reasonable and non-discriminatory, yet still avoid bad tenants that result in income loss. We know that landlords can’t discriminate based on certain elements. What constitutes discrimination may be different in your...
As a landlord, you want your tenants to treat your unit as you would, with loving care. But unfortunately, that doesn’t always happen. Much of the damage done to walls, floors and carpets happens on the first and last day of your tenant's lease, because that’s when...
Each time a landlord faces a problem tenant, the thought of eviction looms in the background. But the question the landlord first needs to mull is "Can I evict this tenant?" It's at this point where it's easy to make a costly mistake -- by threatening or filing an...
Operating a profitable rental business does not need to be stressful, although for some landlords it may seem to come with the territory. One trick is to view the rental business like any other job. Working smart doesn't mean working more hours. It means setting up...
One of the best ways to ensure the profitability of your rentals is by actively managing those properties throughout the year. Active management requires more than being present or available for your tenants. It means honing a special set of communication skills....
A rental property owner, her husband, and their corporation were ordered to build an access ramp at the entrance of their rental property, and to pay a tenant $15,500 for discrimination. The B.C. Human Rights Tribunal handed down the verdict following a two-year...
A tenant who vacated early without returning the keys to his rental unit was ordered to pay his landlord for the cost of re-keying the locks. After leaving the property, the tenant filed a complaint with the B.C. Residential Tenancy Branch asking for the full return...
Ontario's Landlord and Tenant Board is asking landlords to weigh in on a recent rule changes and new form that go into effect this year. The Board is releasing a draft version of the proposed new Rules along with a new forms related to the L1/L9 Hearing Day and...
As 2012 rolls to an end, it's time to look forward and anticipate some of the new laws and trends that can affect landlords in 2013. Marijuana use likely to increase Over the past year, the use of medical marijuana has proven popular in those states that allow sales....
One of the best ways to ensure the profitability of your rentals is by actively managing those properties throughout the year. Active management requires more than being present or available for your tenants. It means honing a special set of communication skills....
California lawmakers have enacted some changes to landlord tenant laws for 2013. Fortunately, some of these changes are landlord-friendly, and have the potential to cut down on the time and costs of managing rental properties: Tenants' Abandoned Property When a...
Countering the typical seasonal trend, annual effective rent growth for the apartment market increased from 3.60% in October to 3.72% in November, according to the latest data from Axiometrics Inc., the leading provider of apartment data and market research....
Lawmakers in Oshawa, Ontario will be keeping score on some area landlords through a new "demerit" system, where noise, nuisance and other complaints could lead to rental licence suspensions. Directed at off-campus student housing, the law makes it more crucial than...
A letter from a landlord to tenants, telling them to deduct $70 from December’s rent to buy a holiday gift for someone special, has gone viral after being posted on a social media site. After a photo of the letter was published on social sharing website Reddit, more...
The fall Rental Market Survey just released by Canada Mortgage and Housing Corporation (CMHC) shows the average rental apartment vacancy rate in Canada’s 35 major centres increased to 2.6 per cent in October 2012, from 2.2 per cent in October 2011. “Lower levels of...
Many existing apartments have small rooms. New construction is trending in the same direction, with 300-square-foot “microlofts” gaining popularity. If you own a rental property with small rooms, a little staging can make the space seem larger and more inviting, and...
As tenants prepare to move out, landlords face some of the most common causes of income loss — even when the rest of the tenancy went well. Miscommunication between landlord and tenant can lead to prolonged vacancies. Poorly executed moves or last minute damages can...
A letter from a landlord to tenants, telling them to deduct $70 from December's rent to buy a holiday gift for someone special, has gone viral after being posted on a social media site. After a photo of the letter was published on social sharing website Reddit, more...
Many existing apartments have small rooms. New construction is trending in the same direction, with 300-square-foot "microlofts" gaining popularity. If you own a rental property with small rooms, a little staging can make the space seem larger and more inviting, and...
