Renting verses Buying

Performance Property Management

With the market rising, the ongoing rental costs and constant competition this topic will forever lurk in discussion and debate among people. The idea of renting allows you to live in a home where you are only responsible for wear and tear and not any major repairs.  There is however a few downsides, one being that it is not “your” home, which means no possibility to alter or make major construction, or changes that you desire. Also we can never get rid of that little voice in the back of our heads that is telling us “we are paying for someone else’s mortgage!” However, before you jump to the conclusion that the grass is awlays greener on the landlord’s side of the fence, all aspects need to be considered fairly. The global mail has a rent versus buy calculator (link attached below), which enables you to enter all your details in terms of investment cost and mortgage rates as well as rental details. This also is a great little tool if you are looking to invest. The investment option may be suitable to you as well but all comes down to having a balance and organizing the best method for you. To find out your potential rent income, please contact one of our property management professionals to come and complete a free appraisal.

 

Expanding Our Downtown Toronto Team

Performance Property Management

2013 has been another great year for PerformancePM.  With the addition of our Private Sales and Corporate Housing divisions we have seen our prominence and client base have both risen in the downtown Toronto real estate market.  We continue to provide our customers unrivalled service.

 Record growth has created the need to expand our professional services team.  We are looking for an energetic personality with the ability to adapt to the hours required of a property manager.   An interview will be provided to the candidate who is self-driven and demonstrates attention to detail.  Property Management and or Real Estate industry experience is an asset. 

 Email a copy of your resume and cover letter to admin@performancePM.com 

PerformancePM Website Update

Performance Property Management

After what has been an amazing year for PerformancePM, we are making fresh changes to the website, so please keep looking for these.

The navigation for our website has been updated with new menu options that will give you an easy understanding of what we offer in terms of services. We have also added a blog that we will be updating every so often. In addition, our FAQ section will provide you detailed information on different aspect of – What and How questions related to property management, corporate housing and private sales.

You can also share and join our social media channels. We hope that you like our new fresh website. Please feel free to comment below and let us know your thoughts!

 

5 Tips for Novice Landlords!

Performance Property Management

Becoming a landlord isn’t as easy as it seems. As we have seen so many novice buy-to-let investors making common mistakes with their portfolios, we have produced this simple five-point to becoming a landlord for the first time.

  1. Location and researching the area is the first and most important thing you can do before purchasing a buy-to-let property.
  2. Do your homework on suitable mortgage products. It is important to shop around as the lenders have become increasingly interested in this section of the market, causing fees to rise.
  3. Make sure you are properly insured. All landlord insurance should cover third party liability, ensuring any damage caused to the property by the tenants is covered. 
  4. There are two options open to you when it comes to managing your buy-to-let property: pay a management company to do it for you, or do it yourself. Talk to us.
  5. Finally, you need to choose the right tenants. Finding the right tenants is all about matching the tenant to the property. 
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LET’S HEAR YOU!

Ready to take it a step further? Let’s start talking and find out how we can help you.

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