Renting out a property comes with many benefits, such as earning a recurring rental income, a multitude of tax benefits, and appreciation in property value. Renting out a property in Windsor is a great idea! That said, you’ll need to have a plan in place in order to get yourself going in the right direction. You’ll also want to be as knowledgeable as possible about your potential...
Interested in investing in Windsor real estate? Windsor’s low unemployment rate, strong economy, and high quality of life make it a great option for property owners. Provided that property is bought in an ideal market, real estate offers the chance to make substantial returns. It also serves as a hedge against inflation, the value appreciates over time and it has several tax advantages. However,...
Windsor is located at the southern end of Ontario. It’s on the southernmost point before reaching the United States of America. Residents and tourists alike appreciate Windsor for its close proximity to Detroit, Michigan. Windsor and Detroit are only separated by the Detroit River. Windsor is on the northern side, while the American neighbor is on the south bank. If you’re looking to invest in...
Interested in owning investment property in Windsor, Ontario? Whether to expand your portfolio or start your first investment property, Windsor is a city full of potential. It has diversified its economy quite well with transportation, trade, manufacturing and tourism making significant contributions to its profits. With the city’s steady growth, real estate is a good...
In Ontario, a tenancy can only be established once the landlord and tenant have signed a rental contract or agreement. To end it, your tenant must meet certain rules as outlined by the Residential Tenancies Act. In this article, you’ll learn all about how to break a lease in Ontario. What are the Two Types of Tenancies a Tenant Can Sign in Ontario? When looking to rent a home, Ontario tenants have...
Are you an Ontario landlord looking to evict your tenant? There are many reasons you may wish to evict a tenant. And, no matter your reason, you must always follow all the steps outlined in the Residential Tenancies Act (RTA). In this post, we will answer all your commonly asked questions and provide an overview to the eviction process in Ontario! What are legally justified reasons to evict a...
Usually, landlords require their tenants to pay a security deposit prior to signing a lease or a rental agreement. However, in Ontario, this is unlawful. Under Ontario landlord-tenant laws, landlords are prohibited from charging their tenants a security deposit. Instead, as an Ontario landlord, you may charge your tenants is a rent deposit. A rent deposit is a sum of money that a renter puts down to...
Are you planning on renting out an Ontario property? If so, it’s crucial that you understand Ontario’s rental laws. In Windsor, the Residential Tenancies Act of 2006 governs the landlord-tenant relationship. The landlord-tenant laws will help you understand both parties’ rights and responsibilities, important disclosures, eviction rules, rent rules and so much more. In this post, we are...
Myth: The value will vary depending on whether the property has been appraised for the buyer or the seller. Reality: The appraiser should not have any vested interest in the property and is obligated to provide an independent, objective and unbiased opinion of value regardless of the client. Myth: The value of a property can be determined by looking at internet sites and / or simply by looking at...
First off a short sale is a situation where thehome ownerowes more than market value on thier home. The term short sale has been seen more and more lately due to the decline inhome values over the past 1+ year. On top of that there are also several loans such as an ARM that has come time to adjust and thehome owneris unable to refinance their home loan. This causes them to fall behind in payments starting...