At Central Erin Property Management we have a lot of experience choosing tenants. Whether you’ve never selected a tenant before, or have filled more apartments than you can count, there’s always room to refine the process and make better judgments. After all, choosing a tenant is a critical skill. Picking a stable, financially secure person will ensure your property remains full and safe for the term of the lease. Here are our tips on how you can choose your next tenant with confidence.
The new year isn’t just a time to reflect on your personal goals and achievements, but also a time to look into how your business and properties are doing. Developing a plan to meet your rental property goals is the best way to set yourself up for success. But, what should your goals be? And how can you ensure that you follow through with them?
At Central Erin Property Management, we have a lot of experience preparing our properties for the frigid Canadian winters. This winter is supposed to be colder than normal, which is why now is a good time to ensure you’ve covered everything your property will require this winter:
The holiday season brings out the best in tenants and building owners alike, which is why it’s important to work together to reduce the risks of a holiday fire. Unfortunately, fires are more common this time of year, partly due to cooking holiday meals and décor choices.
How can you ensure your tenants stay safe? Here are our tips to avoid a holiday fire in your property.
As a property owner, you will likely feel a duty this winter to keep your tenants warm and happy. On the other hand, you probably also feel a responsibility to not waste energy. How do you save energy as a property owner, keep your utility costs low, and keep your tenants happy?
It is mandatory that your condominium collects reserve funds. How much should your director be collecting for the fund? Further, what can those funds be used for? We’ll discuss everything you need to know about condo reserve funds.
Property maintenance has to be consistent and the best way to keep your investment in order is to follow a maintenance schedule. Routinely inspecting and taking care of consistent problems will ensure you don’t develop into more serious and expensive problems. But, what should your property maintenance schedule look like?
From time to time, every property needs regular upkeep and repair. When important items are left unattended it'll begin to underperform and lose its functionality, leaving your tenants unhappy and dissatisfied. So how do you prevent maintenance problems in the first place?
Balancing your ability to inspect your property and your tenant’s right to privacy can be a challenging task. A smart landlord will do their best to abide by the law but to also make their tenant feel trusted and comfortable. We’ve become very familiar with Ontario laws and made it easy for landlords to best inspect their property.
When you’re looking for a property management firm to manage your investment, you may be curious about regulations and associated fees – specifically what they cover and the total costs. Take a look at our property management services and breakdown fees and see what works best for you.
Being a landlord brings many benefits but it also brings on many challenges and responsibilities. Property management is a demanding field to be involved in. In order to work effectively in the industry, it's important to understand your duties as a landlord.
One of the most difficult aspects of property management is navigating how to end a tenancy agreement. Tenants and landlords enter into an agreement with the intention that the tenancy will last a specific amount of time. But is possible to break a tenancy agreement early?
Many businesses have directed their marketing strategies to be compatible with highly visual experiences and have had great success using Instagram to draw more interest and customers. Property management is no exception. Here’s how to attract rental property leads using Instagram.
You may likely face a situation where one of your tenants is charged with a criminal activity. The severity and aftermath of the crime will differ depending on the tenant and their situation. This is one of the more complex situations in the property management field and it is important that you understand your rights as a landlord.
You may be unaware of the recently introduced and much stricter mortgage qualification rules. The Federal government has ordered these new rules in an attempt to begin stabilizing the Canadian real estate market and reduce the amount of debt Canadians (and our financial institutions) are burdened with.
Are you thinking about selling your home? With big changes anticipated for the housing market, you may want to reconsider and think about renting your space out instead! More and more potential buyers are unable to purchase a house with rising prices and increasingly strict mortgage regulations.
With housing and property prices constantly rising, renting is becoming an increasingly popular option for singles, couples, and families. Many members of the younger demographic prefer renting for its lack of permanency. Short-term leases are the perfect option for people who are not sure how long they’ll want to live in a specific location due to changing employment and relationships.
As of April 30th, 2018 it has become a legal obligation for most residential landlords to use a standardized lease agreement. According to the Financial Post, this 13-page document intends to “level a very unbalanced playing field for tenants and landlords, and close a gap in negotiating power between the two parties.” Here’s what you need to know
Taking high-quality images of a property has become a key aspect of property management. Few of us were born with a professional photographer’s eye, but a few tricks can make your photos and property stand out!
Time is a precious resource in property management, especially when you have a vacant property on your hands. You want to make sure to market your properties as efficiently as you can, generating top-quality leads to fill the spot quickly. Here’s how…