30 Aug 2012

Being a landlord can be rewarding, but it requires a lot of work

With the growing number of condos going up in Toronto and the surrounding area, people with the money to buy one and rent it out to others need to be sure they are ready to be a landlord. A recent article for MoneySense outlined some things people need to consider before expecting to prosper as a property owner.

One of the first things landlords in Toronto should think about is forming a relationship with trusted Toronto professional movers and packers that are courteous of time and mindful of walls and door frames.

New landlords should also be prepared to deal with bounced checks, faucets that need to be replaced and all of the taxes associated with owning a property. While being a landlord can be profitable, they should be ready to do a lot of work to make sure their property is taken care of.

“When friends tell me they’ve bought themselves a rental property, I always say, ‘Congratulations, you just bought yourself a business,’ ” Deb Mattina, a former adjudicator with the Landlord and Tenant Board in Ontario, told the website. “Treat it like one.” 

Jiffy Self Storage, a leader in Toronto storage solutions, is currently running a contest on their website for a free iPad 3. Visitors to the site simply need to match a few Canadian landmarks and they'll be entered to win the iPad or one of several other prizes.

Be Sociable, Share!
Comment

Related Articles [3]

How to Store and Preserve Your Wedding Dress

April 23rd, 2018
Your special day came and went as quickly as everyone warned you it would. They said, “you better soak in every moment of it because it really flies by!” and “oh how my...

5 Home Office Storage Ideas

March 22nd, 2018
Many people will rely on a home office as part of their livelihood simply out of convenience or necessity. Whether you work from home a couple of days a week and the home...

4 Ideas For The Spare Room In Your Home

December 22nd, 2017
Whether you have a child that just left for college, or no longer have any use for a room that was previously being used as office space or a personal studio, an idle spare...

Leave a Comment






Recent Posts

Blog Categories

Archives

Subscribe to RSS Feeds
Essential SSL