How to Avoid Last-Minute Lease Mistakes

August 13, 2018

You asked your attorney to review your tenancy agreement before you provided it to your tenants. But your attorney isn’t there to supervise the signing of the agreement. No matter how strong the language of the lease may be, simple mistakes in executing it can cause income loss: 1. Tenant names are listed at the […]

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British Columbia Toughens Restrictions on Short-Term Rentals

August 13, 2018

British Columbia has passed legislation that allows strata corporations to increase fines on short-term rentals such as those secured through Airbnb. Currently, strata associations can adopt bylaws prohibiting or restricting short-term rentals and enforce a fine of up to $200 per week. With the new change to the Stata Property Regulation that goes into effect […]

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Quick Start Guide to Residential Lease Agreements

July 30, 2018

If you are a savvy landlord, you asked your attorney to review your lease agreement before you handed it off to your tenants. However, it seldom happens that the attorney is present when it comes time to sign that agreement. No matter how ironclad the language of the lease is, simple mistakes in executing it […]

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Landlords Challenge Occupancy Limits on Roommates

July 30, 2018

Landlords in Bowling Green, Ohio are suing the city over its limitation on renting to more than three unrelated tenants regardless of the size of the property. There are no such occupancy limits on families. Landlords claim the ordinance violates their constitutional rights to do what they want with their properties, and they argue that […]

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City Bans Landlords From Using Rent-Bidding Websites

July 30, 2018

Seattle landlords are battling the city’s new moratorium on using rental platforms that allow tenants to bid on rent. The move to ban the use of the websites is ironic given Seattle’s reputation as the “new center” of the tech boom. Local lawmakers specifically singled-out Rentberry and Biddwell. In addition to allowing tenants to bid […]

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Property Management Tips: How to Protect Your Vacant Rental

July 30, 2018

A scammer recently victimized several people by stealing the “self-show” lock codes on at least two vacant rental properties, advertising them on Craigslist for far below market rent, and then enticing the eager rental applicants into wiring him money. Now, the property management company is busy reviewing security procedures and working on restoring its reputation. […]

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The Best (and Worst) Ways to Find New Tenants

July 16, 2018

In a tight rental market, landlords might not be thinking about how best to fill vacancies. After all, there are applicants standing in line. But that’s the problem: too many applicants makes it more difficult to weed out the unqualified ones, and a tight market means landlords are more likely to encounter problem tenants. These […]

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Landlords Prepare for Recreational Marijuana Legalization

July 16, 2018

It’s official: recreational marijuana is coming to Canada October 17th. What that means for landlords remains unclear. The federal government has given the provincial governments the task of deciding how recreational marijuana will be regulated within the federal framework. Landlords face many concerns with that framework, especially the provision that allows for home cultivation of […]

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Ontario Announces 2019 Rent Increase Guideline

July 16, 2018

The Ontario rent increase guideline for 2019 is 1.8%. The figure represents the maximum a landlord can increase rent throughout 2019 without applying to the Landlord and Tenant Board for an above-guideline increase. The 1.8% figure is the same as the 2018 guideline, with one important distinction: this year’s guideline applies to virtually all private […]

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6 Ways to Save Money on Rental Repairs

July 16, 2018

Repairs are an inevitable expense for every rental property owner. But that doesn’t mean landlords can’t enlist some strategies to keep those costs to a minimum: Understand Your Property’s Personality Every property should have a routine maintenance schedule. Hopefully, prior repairs and maintenance issues were discussed during the purchase of the property and that can […]

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