landlords

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 […]