What is an acceptable credit score for your tenants?
A credit report shows you a picture of the tenant’s financial history. Based on their credit history, you can make an educated decision about the tenant’s creditworthiness and financial condition.
When Tenants Don’t Move In
You’ve shown your property to dozens of potential tenants; one couple stood out as “the ones.” You’ve done your due diligence, completed the application and screening process, everything looks great, you accept them, and set a move-in date.
The day of the move-in comes, and they ghost you. What can you do?
Should you reimburse your tenants?
You’re out of town for a wedding and miss two panicky calls from your tenants after midnight telling you water is pouring out of the ceiling. After a couple of attempts to reach you, they call an emergency plumbing service and charge it to their credit card. Should you reimburse your tenants?
Canada’s Housing Market Predictions for 2023
Canadians are anxious over Canada’s housing market predictions for 2023. Both buyers and sellers are sitting on the sidelines waiting for the interest rates to stabilize. Interest Rates The Bank of Canada began aggressively raising interest in March of 2022, and interest rates currently sit at 4.25%. Gone are the days of 2017’s record low .50% interest …
So, you Want to Buy a Canadian Rental Property?
So, you want to buy a Canadian rental property? Purchasing a rental property in Canada as an investment can be a smart financial move. At its best, real estate can provide a steady stream of income and potentially appreciate over time. However, it’s important to be aware of and carefully consider all the steps involved …