As a landlord in Ontario, you may be inclined to protect your property by implementing various rules for tenants, including a “no pets” clause. However, under Ontario law, landlords cannot refuse to rent to tenants solely based on pet ownership. This restriction is governed by the Residential Tenancies Act (RTA), which aims to balance the … Read more
Vacant properties—whether it’s a rental home waiting for new tenants, your own house undergoing renovations, or an extended absence making the property unoccupied—pose unique risks. These properties are more vulnerable to vandalism, theft, and unexpected damage. For landlords and homeowners, understanding how your insurance coverage may change during these times is essential. This guide provides … Read more
A common misconception about home insurance is that a property is covered as long as it has insurance—even if it’s being rented out. This isn’t accurate. When securing insurance, it’s essential to inform your insurance provider about who lives in your home and how the property is being used. Failing to disclose occupancy details could … Read more
After today’s rain storm in Toronto we thought it might be a good idea to go over a few ways you as a home owner or landlord can protect your house and property from water damage. 1.Clean gutters of leaves and debris Rainfall on your roof needs a proper channel to exit the roof and … Read more
When you are getting ready to buy a home whether for yourself or as an investment property you should always be prepared for the unexpected. Whether you can do things yourself or you have to hire someone it is always good to know what to do in a situation that requires maintenance or if something … Read more
Understanding Airbnb Insurance in Ontario: What Landlords Need to Know With the increasing popularity of short-term rental platforms like Airbnb, many Ontario property owners are taking advantage of the opportunity to earn additional income. For some, hosting is a part-time side hustle; for others, it’s a full-time business. However, renting out your property comes with … Read more
When updating a rental property, choosing the right flooring is crucial. Landlords often need something that’s affordable, durable, easy to maintain, and appealing to tenants. Fortunately, modern flooring options like vinyl plank flooring meet these criteria exceptionally well, making it one of the best flooring choices for rental properties. Why Vinyl Plank Flooring? Vinyl plank … Read more
Understanding Insurance Valuations vs Property Purchase Price A frequent inquiry in insurance discussions involves the disparity between the insurance coverage amount and the property’s purchase price. Clients often wonder, “Why is the building coverage valued at $385,000 when I purchased the property, including the land, for just $265,000?” This question is both valid and common, … Read more