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You should be also aware that some agents have more flexibility to negotiate their commission than others. Sometimes firms may set up a minimum they require their agents to hold out for. Thus, they are less likely to negotiate.

Renting to students could be a great deal. In most cases it brings more profit. However, a rental property has potential to lay vacant once the school year concludes. Since parents normally cover rent payments, it’s usually safe to rent to college students. But, still you need to run thorough...

The cost of homeowners insurance depends on type of coverage the insurance has. Landlord insurance cost starts as low as $50 per monthю However, thee are many factors that influence the price and they include the city and state your property is located in, the cost to rebuild your particular...

If you want to keep your current tenants you need to increase rent very carefully. I think that $100 is not a small amount for rent increase. It’s actually better to gradually raise rent rather than increasing it by a significant amount- that will be a lot more difficult for your tenants to...

Pricing it right is one of the most important tips. If you set too hight price, the home could stay on market for a long time. Sellers often think that they should start by asking the price high and then lower it later if the house fails to sell. But it’s a wrong tactic. I also recommend to...

There is nothing to be concerned about. Annual agreement could be beneficial for you as well. If you have a moth-to-month lease you landlord can raise the rent once he wants it. Of course he has to give you notice before rent increase. But, if you have an annual agreement, landlords won’t be...

Small multifamily buildings are the safest path you can take to make big money in real estate. So I advise you to pay attention on duplexes, triplexes, and four-plexes. The reason is simple when you have more than one unit and one unit goes vacant, you still have the rent from another. You need...

I agree with others. There are no legal reasons for eviction. My advice to you is try to reach your tenant and have a conversation with him Explain him that good communication is essential for maintaining tenant-landlord relationships. And ask him to inform you about any changes. By the way...

It’s better for you if real estate investments will have longer-term objectives. The real estate market in GTA is unpredictable and thus expecting to profit in a short period of time is risky. Keep in mind that increases in the value of your investment property will be subject to capital gains...

Finding a great tenant is about having a great screening process. Yes, you should run credit reports on all applicants. A credit check will show you details about the tenant’s previous credit history, going back 7 to 10 years. But, there is not the only tool of tenant screening. You should also...

Requiring a security deposit from your tenants is an essential protection for your rental. I definitely recommend you to ask for security deposit.

Mississauga is a very clean, safe, and fairly friendly city. The city is cheaper than Toronto for rentals and real estate buying. If you're looking for a diverse, rather quiet city to raise a family, Mississauga is a good place. But if you like nightlife, Toronto is better bet.

Many good recommendations are given there. I would advise you look for a low-cost home, since more expensive the home, the higher your ongoing expenses will be. Start with a $150,000 home.

It depends on the market, where you rent out your property. For instance, in the market where rents continue to rise, it’s better to sign month-to month agreement. Short-term lease will allow you to keep your rental rates comparable to those of others in the area. However, it’ won’t be a good...