Real Estate Blog - rentals

Successful Landlord-Tenant Relationship in St. Johns: Tips

Building a successful landlord-tenant relationship is crucial for a smooth rental experience. Both parties benefit from clear communication, mutual respect, and understanding. In this article, we'll provide valuable tips to help foster a harmonious relationship between landlords and tenants.

Clear Communication:

Effective communication is the foundation of any successful relationship. Establish open lines of communication from the beginning. Encourage tenants to reach out with any concerns or questions. Respond promptly and address issues in a professional and respectful manner.

Written Agreements:

Draft comprehensive lease agreements that clearly outline the rights and responsibilities of both parties. Include rent amount, due date, lease…

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Renting Out Your Vacation Property?

Chances are, most Canadians won’t be flying south this winter for a sun-soaked holiday so they may be looking for domestic vacation rental properties. If you own a cottage and are considering renting it out for the holiday season or the entire ski season, this is a great time to do so, says HGTV’s Income Property and cottage rental expert Scott McGillivray.

“Right now, more than ever, with international travel at a standstill, domestic vacation properties are at a premium,” says McGillivray. “It’s hard to ignore the size of the opportunity and the rental rates you can generate.”

However, if you’ve never played landlord before, you’ve got some homework to do first. We asked McGillivray for his best advice on how to protect your home, your stuff…

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Building Credit History with Rent Payments

It only takes a few bad decisions or a few months of hard times before your credit score plummets, and once it’s low, it can be very difficult to build it back up. Sometimes it isn’t enough to just make payments on time, and you might need a little help with building your credit history.

An easy way to help build up your credit score is by incorporating rent payments into the calculation. Several programs are available that use your regular monthly rental payments to help increase your credit score, so you can enjoy the benefits that go with that.

Let’s learn a bit more about why building credit history is important and how these programs work in conjunction with your credit history to increase your score.

The Benefits…

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What to Consider When Renting a Basement Apartment

Basement apartment renovations and rentals have become more common these days; however, it’s important to remember all rentals aren’t created equal. 

Renters should be aware of laws and regulations to make sure they’re getting a livable space that’s safe, to code and won’t cause them headaches in the future. As Sacha Clarke, REALTOR® and sales representative with Century 21 Percy Fulton Ltd. emphasizes, “you want to look for a good, legal basement apartment.” She shares some of the basics to consider when looking for a basement apartment.

What constitutes a basement apartment?

Separate from the living spaces above them, basement apartments can often have more square footage than standard apartments—of course, depending…

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Owning Is More Affordable Than Renting in Most of Canada

Is it better to buy or rent a home in today’s sizzling real estate market?

Because the barrier to entry in Canada’s housing sector has intensified over the last couple of years, many prospective homeowners have given up on the dream of homeownership, choosing to maintain their renter status. Even when they save enough for a down payment, the minimum threshold rises because of how rapid price growth is in this environment.

Remember, the national average price for a home in Canada is approximately $820,000.

As a result, many Canadians do not have a choice but to continue renting an apartment from a corporation or leasing a three-bedroom, two-bathroom house from private individuals.

But is this throwing money down the…

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How Priorities for Canadian Renters Have Changed

There’s no doubt Canada’s real estate market has been in flux since the beginning of the COVID-19 pandemic, from home buyers migrating to outer-city areas, to soaring demand and prices across the nation. 

While the homeownership landscape has transformed, the Canadian rental market has seen its fair share of changes too, including the shifting preferences and priorities of tenants. Whether its location, unit size, or rental prices, those looking to lease have adjusted their needs and wants based on current market conditions.

Conrad Rygier, a Toronto-based broker and REALTOR® with Right at Home Realty Inc, tells us more about how priorities for Canadian renters have changed as of late.

What has happened with Canada’s…

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