Found 2 blog entries tagged as rental property tips.

Buying your first rental property can be a smart way to build income and long-term financial security. In Canada, with rising housing demand and more people choosing to rent, investing in a rental property has become a popular move among professionals, retirees, and couples. Whether you're thinking about a small apartment or a detached house, the key to success is doing your homework. This guide will walk you through 10 essential tips to help you make informed decisions and avoid costly mistakes.

1. Know Your Finances First

Start by understanding your financial situation. Do you have enough income to support a mortgage, plus extra for maintenance and vacancies? Most lenders in Canada require at least a 20% down payment for rental properties.…

320 Views, 0 Comments

Read Full Post

If you own a rental property, you’ve probably asked yourself: should I allow pets? Pets are part of many families. In fact, more people travel with their dog or cat today than ever before. Whether it's a short vacation or long-term stay, many travelers are looking for pet-friendly accommodations. As a landlord or rental owner, allowing pets can open your rental to a larger audience. But it also comes with extra responsibilities.

Let’s break down the pros and cons of offering pet-friendly rentals and help you decide if it’s the right move for your property.

The Growing Demand for Pet-Friendly Rentals

Over 70% of U.S. households own a pet. That’s a lot of potential renters. Many of these people bring their pets when they travel. Whether they’re…

553 Views, 0 Comments

Read Full Post