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Real Estate Investing

gavel -Landlord-Tenant Laws and your Property Rentals

Landlord-Tenant Laws (The RTA) and your Property Rentals

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 …

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man fixiin water tank - Maintenance costs for your rental properties

Maintenance costs for rental properties

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 …

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black man completing paper application - The Residential Tenant Applicatioin - what to ask

The Residential Tenant Application- what to ask

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 …

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