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When deciding whether to remodel a rental  property, a cost-analysis should take into account whether the property is tenant-occupied property. Otherwise, the decision to inconvenience the existing tenant for the sake of future tenants may lead to income loss. First, it’s important to make a distinction between upgrading the property and repairs or maintenance. Repairs ….  Continue Reading

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The latest reporting by RealPage® and Axiometrics® shows multifamily rent growth through 3rd quarter 2017 remaining stable, despite earlier sluggishness. According to recent statistics, annual rent growth has been holding between 2.5 and 3 percent this year, after a pause likely caused by supply. Typical monthly rent across the country’s 100 largest metros is now ….  Continue Reading

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The tenancy agreement outlines the rights and responsibilities regarding the care of the rental property, including whether it’s the landlord or tenant who makes repairs. It may seem prudent to ask the tenant to take on repairs, especially in cases where a primary home is turned into a rental or when the landlord is living ….  Continue Reading

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After watching the fury of hurricanes Harvey and Irma, no one doubts the brute force of nature. Yet few people outside of those immediately affected may realize the colossal toll that recovery takes on families and individual lives. Some people lost loved ones. Many more are rendered homeless. Even those fortunate enough to have a ….  Continue Reading

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Occupancy Rates Canada’s apartment vacancy rate dropped lower this year, down to 3%, that according to the latest CMHC Rental Market Survey released last week. CMHC attributes the low vacancy rate to recovery of rental demand in oil-producing areas like Calgary, which had experienced a spike in vacancies from 1.4% in 2014 to 5.3% the ….  Continue Reading

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Landlords who want tenants to follow the rules and properly care for a rental property are well-advised to conduct new tenant orientations. Here are some tips to make the most of an orientation: 1. Create a list of topics to cover. Some basic requirements include emergency procedures like what to do if… and how to shut ….  Continue Reading