Articles and posts related to landlord insurance and rental properties
On December 16 2021, City Council approved implementation of a vacant home tax in Toronto starting in January 2022. How The City of Toronto will Define a Vacant Home The city of Toronto will consider the home vacant if it has been unoccupied for more than six months during the previous calendar year. Exemptions apply: … Read more
Facebook Marketplace Facebook marketplace is a great place to get exposure for your rental property to be people are searching. Millions of people use Facebook everyday and their marketplace allows users to post many photos, prices and information. One downside perhaps is if you are going to use your personal profile to post your rental; … Read more
The City of Hamilton yesterday August 10th 2021 voted in favour of a motion to implement a rental housing licensing pilot for wards 1,8 and 14. Where are Wards 1, 8 and 14? Ward 1: covers the area primarily close to McMaster University Ward 8 & 14: covers the area primarily close to Mohawk College. … Read more
Thinking about becoming a landlord in Canada? Consider these 6 things 1.Secure Financing Securing financing for a future rental property is important because it will give you the range of prices that you have to work with. There are many ways you can choose finance a rental property purchase including: Each method of financing can … Read more
We hope this article finds you well and that you and your family are safe in this unprecedented time. Landlord Insurance & Rental Income Landlords have called us to ask if having rental income insurance will cover tenants who are either refusing to pay rent or defaulting due to COVID 19 crisis. First, to answer … 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
Starting April 30th 2018 landlords in Ontario are now required to use a new standardized lease agreement made by the Ontario government. You can see a copy of the lease here: Click here for Ontario’s new 2018 standardized lease. Why Is There A Standardized Lease? According to the government they are trying to make an … Read more
A typical situation we come across daily is a client who owns a property that is being rented out will entertain renting out the house not just to 1 family but to multiple, unrelated people living and sharing 1 house or a unit within a house. It is important to understand that you must always … Read more
Many Ontario, Canada property owners are turning to Airbnb to rent out their properties on a short term basis for some extra cash, some may even do it as a full time business. It is important for you as a landlord to know what kind ofAirbnb home insurance you need and also what is included … Read more