Estate

Open Letter
Date: 07.10.2017
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Hi Richard, My name is Alex. My wife is currently taking an online course that you recorded, titled “The City and You”. She shared some of the course readings and recordings and I found it quite interesting. There are many things in the content of the course that I agree with, and some that I have my own opinions on, but there was one point, referenced in a Globe and Mail column piece from 2014 that I wanted to write to you about. The first point from the “10 rules for ‘quality of place’ “ is build up, not out. I am not sure if you had a chance to watch “The Human Scale” by Andreas M. Dalsgaard. It is a […]

A Landlord? A Property Manager! Your Tenants? Your Clients!
Date: 24.08.2017
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For the last 2 years we have been diligently making our rounds through many residential properties helping landlords find tenants, repair appliances, respond to emergencies, and manage all kinds of crises. We are finding that in 80% of our calls there exists a climate of chilling nervousness, mistrust, and low-key despise between landlords and tenants. This climate, in our opinion, needs to change, and it starts with the landlord. Many single-family residential home landlords are investors, who do not fully understand the legal, financial, and simply-human responsibilities that come with being a landlord and managing a property. They perceive being a landlord through the following statements:   “I expect the tenant to be, and act like, me, because the way […]

We ♡ your AirBnB
Date: 13.07.2017
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Got an AirBnB? We can look after it! AirBnB is a great passive income-generating option – essentially turning your investment property into a hotel. But how do you manage this sort of an investment property, where tenants change almost daily? We can help 🙂   Housekeeping If you want to get good reviews on AirBnB you need to make sure the property is clean before and after each guest. Some guests are messier than others, so you will need to have a system in place where proper cleaning is done. Our cleaning teams are on the road, fully-equipped, and ready to clean and take “before” and “after” photos for our, and your records. We use natural, effective cleaning products to […]

Ace Your Showing- A Packing Guide
Date: 20.06.2017
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Showings can be long and stressful, but we try and make them as comfortable and pleasant as possible. Here are the 5 essentials we always bring with us: Rental Applications Because even though we send them in advance, some people don’t bring them to appointments. Laptop & Phone Charges So you can always stay connected.   Folding Chairs Never trust the state of the home…could be under construction, could be busy with no place to sit… or completely empty! Snack Bars To feed the winning machine! Hand Sanitizer…lots of it We plan to shake as many hands and open as many doors as possible. To reduce/prevent the spread of germs, without running to the bathroom each time, we always stock […]

The Death Deposit
Date: 09.06.2017
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As a Landlord, you are in the business of managing risk. There is a lot of risk in owning a property – market instability, environmental damage, claims and disputes, hikes in taxes fees and interest rates, bad tenants, bad neighbors, and on, and on, and on.   Most landlords have no time to read the Residential Tenancies Act (or RTA), which is the law governing landlords, tenants, and rental properties. This is a long piece of writing, and large sections are written by lawyers, for lawyers. However, there is one item that is written very VERY clearly, multiple times.   Landlords shall not collect any type of deposit from tenants, except for the Last-Month rent.   This s..t is not […]

Content Insurance for your Tenants – a good old tool for your risk mitigation toolkit
Date: 30.06.2017
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  Real Estate investors who become landlords have a lot on their mind – Lease Agreements, Maintenance services, utility payments, rent payments….the list goes on and on. One item that may pop up, and in many cases left undealt with, is contents insurance (sometimes called tenant insurance, or renter’s insurance). Your tenants need this Irrespective of the type of property you own (condo unit, townhouse, detached) your tenants have neighbors, and like your property, are at the mercy of Mother Nature. While the property is (or damn well should be) insured through your property insurance, the coverage often does not extend to the tenants’ contents – so bad neighbors or bad weather can cause the damage or destruction of their […]