Over the weekend, the Toronto City Council released their new Proposed Regulations for Short Term Rentals that would put extreme limitations on renting your secondary home for short periods of time. If passed, the proposal would ban short-term rentals in secondary homes. These proposed regulations will hugely effect owners of second homes, Toronto residents, small...
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The Rental Isn’t Clean Enough Upon Moving In It is rare that a tenant, who is moving out, leaves the rental move-in-ready for the next tenant. The simple solution to this problem is hiring a professional cleaning service to get it back to 100% clean. If you don’t want to pay a cleaning company...
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Too often, landlords show potential tenants their rental, and wonder why they couldn’t close the deal. Often, there is a simple and aesthetic solution. Consider these 3 factors before showing your home in order to boost your chances of securing a great tenant. Curb Appeal First impressions are important, and the exterior of your property...
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If you’re a new landlord – welcome to the world of business ownership! Unfortunately, there is more to do in your job description than just collect money. Make sure to follow these 3 steps before renting out your property to tenants. Learn Provincial Laws As a landlord, you must be aware and well-versed in...
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When looking to purchase an investment property it is crucial to pay attention to the details of the home you are purchasing. For example, is the foundation in good shape? Is the plumbing and electrical going to pass inspection? Even if you think you know the real estate market inside and out, it is...
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Performance Property Management would like to take this opportunity to update our property owners on some updates with the Ontario Housing Market that were released yesterday. This morning Kathleen Wynne, the Premier of Ontario, made an announcement to “cool the hot Toronto housing market”. As she mentioned, there will be a number of significant...
READ MOREDue to high tenant turnover rates, many landlords are often left desperate needing to fill their vacant properties immediately, leaving them scrambling to find tenants as soon as possible. The problem with renting out your property to just anyone, is that you are taking on a huge financial risk not to mention a lot...
READ MOREHiring a property manager to manage your investment can take a lot of time and research in order to secure the best one for you. Make sure to keep these 2 tips in mind while searching for the perfect property management company out there. Do Your Online Research The internet is your best friend...
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For a rental unit, the line may sometimes seem blurred between what is reasonable wear-and-tear and what is outright damage. To make better sense of the debate, we’ve created a bulleted checklist that outlines what can be considered wear-and-tear, and what can be considered actual damage to your property. Normal Wear-And-Tear Shower is draining...
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As a property management company we work with a lot of homeowners to help reduce the amount of stress and time it takes for them to manage a property on their own. This is why at Performance Property Management, we handle every task for only 5% of your tenant’s monthly rent. Here is what...
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