Entries Tagged as 'Rental Property'

Renting Condos – Undercutting the competition edition

May 26th, 2015 · No Comments · Rental Property

I love managing condos. The tenants tend to be very good and not too much usually goes wrong. The outside of the building maintenance is not my responsibility, and the building is usually managed by professionals. We have great tenant selection skills, so we tend to be boring and problem free. Unfortunately, condo vacancy has […]

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The End is Nigh…

April 30th, 2015 · 2 Comments · Rental Property

I read this complete farce of an article from the Financial Post. Non-Permanent Residents Might Be The Secret Ingredient in The Canadian Housing Market As I discovered a month or so ago, Benjamin Tal will pretty much say anything to support the fallacy that the Canadian Real Estate Lottery is still on steady ground. Last […]

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My Search For The Truth About Current Vacancy Rates

April 9th, 2015 · 1 Comment · Personal House, Property Management, Rental Property

Today I ended up in an article in Macleans magazine The Vacant Truth About Rental Condos for speaking out about vacancy rates. I have known for quite a while that published vacancy numbers were complete balderdash but I had no idea how the mysterious 1% number came about. So I asked. Initial Inquiry Email I […]

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What Is Toronto’s Condominium Vacancy Rate ? (Not 1% That’s For Sure)

March 12th, 2015 · 11 Comments · Property Management, Rental Property

The Emperor Has No Clothes. I’m not sure where the myth started that the condo vacancy rate was 1% (Give or take a few decimal points).  I have calculated the vacancy rate according to properties under my management and dug up a CMHC Condo Owner’s Survey so keep reading to the very end. How To […]

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The Art of Above The Guideline Rent Increases

February 7th, 2015 · No Comments · Property Management, Rental Property

I rent a lot of new condos, and it’s not always easy. Frankly the halls and lobby are dirty and dusty, some of the elevators don’t work, the amenities are not ready and a host of other not-so-easy-to-justify-those-condo-rent-prices issues. It seems that every year developers are occupying the suites that are finished with the common […]

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