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Many non-residents who own property in Canada find it challenging to understand how the Income Tax Act applies to their situation. There are three basic things you need to know about – requirements, withholding taxes and reporting income.  Requirements You need to have either a Social Insurance Number (SIN) or an Individual Tax Number (ITN). Canadian […]

Managing a rental property can be a profitable investment, but it comes with various challenges, such as collecting rent payments from tenants and maintaining accurate financial records.  In this article, we’ll discuss some essential tips to simplify property finances management and the rent collection process.  Rent Collection Landlords who manage multiple properties or have a […]

Smart technology upgrades and devices for your property can elevate convenience, security, energy efficiency, and overall quality of life, making it highly appealing to potential buyers and tenants. This enhanced value proposition can be further amplified when paired with professional property management services or maintenance services. Here is a list of some smart technology upgrades […]

As a landlord, ensuring the well-being of your investment property is not just good practice; it’s a strategic move that can save you from potential headaches down the road. One effective way to stay on top of property maintenance is through annual general inspections. In this blog, we’ll delve into the reasons why landlords should […]

When it comes to property management, the size and type of property significantly impact the strategies and challenges involved.  It’s no secret that managing a multiplex property is more complex than managing a single-family home. If you’re a landlord or someone who is looking to acquire a multiplex investment property, there are many moving parts […]

For Canadian residents, the process for reporting income on the sale of a property is quite simple. You report the capital gain or business income on your T1 personal tax return.For non-residents, it’s a little more complex – the reason being that the Canadian government doesn’t want to chase after a non-resident to pay taxes. […]

As a landlord or a tenant in the Greater Toronto Area (GTA), it is essential to understand your legal rights and obligations provided under the Landlord and Tenant Act of Ontario. The Act was established to protect the rights of both landlords and tenants and provide a clear framework for resolving disputes that may arise […]

Conducting a thorough move-out inspection is crucial for landlords to assess the condition of their rental property when a tenant is vacating. Hiring a professional property manager to conduct a move-out property inspection benefits landlords by providing expertise, objectivity, legal compliance, efficient processes, and peace of mind. It helps protect the property, maintain positive tenant […]

Property management is a multifaceted field that encompasses various aspects of real estate oversight. When it comes to condominiums, the management structure can take two primary forms – condo property management and property management for individual units. In this blog, we’ll explore the key distinctions between these two approaches, shedding light on the responsibilities, focus […]

Are you a landlord in the transitional period between leases? Have your previous tenants moved out and now you’re preparing the property for the next tenant?  Here is a list of items to help guide you through a smooth transition and welcome your new tenants on a positive note.  1. Conduct a Thorough Inspection Before […]

It’s sometimes challenging to find a property manager who will take care of your property’s management professionally and responsibly. Hiring the right property management firm is crucial for your overall financial situation as well as your mental well-being. Imagine how much money you will lose when you hire a property manager who doesn’t have the […]

Remote property inspections have become increasingly popular in this digital age. These inspections allow property managers, landlords, and tenants to assess properties without having to be physically present.  In this article, we will provide guidelines for conducting remote property inspections, including the purpose of the property inspection management, potential limitations, the inspection process, and how […]