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In Canada, landlord and tenant laws are governed by the Residential Tenancies Act (RTA), which provides the rights and responsibilities of tenants, landlords, and the landlord’s agents involved in renting a residential premise. When I bought my first property, I had roommates sharing the upstairs suite with me and had a separate tenanted suite downstairs. Until I …
Landlord-Tenant Laws (The RTA) and your Property Rentals Read More »
Nothing lasts forever, everything has a life expectancy, and it’s a fact of life that there are maintenance costs for rental properties. Property owners who became reluctant landlords were often miffed that a year after tenants moved into their 10-year-old house, the toilet or faucets needed replacing or that their 40-year-old furnace required servicing. I …
I first heard of house hacking while attending an investment seminar. During the workshop, one of the presenters recommended buying a house and taking in a roommate. The other option was to buy a home with a rental basement suite to offset housing costs (also called house hacking). All of a sudden, I thought – …
Why I do what I do using real estate as a tool is a bit of a story. I always wanted to own real estate rental investments, but I honestly didn’t know how. Working as a music teacher with a big graduate school debt to pay off and a low income, I couldn’t imagine how …
Why I do what I do (using real estate as the tool) Read More »
The residential tenant application form is a critical part of your tenant screening process. This important document provides information that will help you make an informed assessment of your potential tenant’s suitability. There are many rental application templates available to landlords. Online platforms such as Rentfaster.ca and Rentboard.ca include free residential tenant applications on …