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A number of owners or investors feel that they have the time and ability to manage their homes or apartments in their homes, but are concerned because they don’t have the necessary expertise. Give us a call and we may be able to give you some assistance .
- Landlord-Tenant Publications- If you want to self- manage, take advantage of the extremely helpful publications put out by the Ontario Rental Housing Tribunal. They cover the full scope of Landlord-Tenant relations. ORHT can be found at www.orht.gov.on.ca.
- Recycling-Recycling should be part of all tenancies. Make sure that your tenant has blue, grey and green boxes and is aware of local recycling instructions. Some municipalities recycle a much wider range of bottles, tins and plastics than the City of Toronto. Hopefully Toronto will move out of the dark ages and start to incinerate it's garbage like a number of other Canadian cities. A number of areas in Toronto are moving to "wet" garbage collection and the green boxes hopefully will be city-wide in no time. The major concern with the handling of "wet" garbage will be securing the co-operation of occupants in multi-residential projects.
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Insurance- Make sure that your current
property insurer will cover you when you rent your home , or a part.
Many insurers consider that tenants constitute an increased risk and will decline
your coverage. Clients of our House Management program can benefit from
our group insurance.
If you are the owner of a condominium unit, make sure that you have insured the improvements in excess of building standard. - Notices- Legal notices under the Residential Tenancies Act are normally given from the end of a rental period.
- Tenant Insurance- Make sure that your tenants are insured. You don’t want to be the person of last resort if guests of the tenant are injured on your property.
Buying a Duplex or Triplex ? - If you are thinking about
buying a duplex or triplex make sure:
• that each unit is separately metered
for electricity and the breaker panel is in a
common area with common access
• the units comply with current fire safety regulations eg. fire
doors, closers, smoke
detectors, CO detectors
• wiring is reasonably current and to code
• and above all, have the property inspected by a competent inspector
and by the
property manager you wish to manage it