Posts Tagged ‘Newmarket landlords’

Ontario Landlords – How To Attract Good Tenants

Wednesday, October 1st, 2014

 Ontario Landlord Marketing How To Make Your Rentals Attractive For Great Tenants

Great Tenants Want to Rent Attractive Properties. Here’s A Way To Get Tenants To Want to Rent Your Rental Property!

Ontario landlords know the importance of renting to good tenants.

This means landlords need to screen applicants carefully before handing over the keys to their rental unit.

Experienced Ontario landlords know careful tenant screening should also include an Ontario landlord credit check on all potential renters.

How Can I Find Good Tenants?

In order to rent to good tenants you need to be able to attract them to your property and they need to want to rent from you.

This means you need to have a well-maintained and high quality property.

How Can I Make My Rental Property More Attractive For Good Tenants?

A recent post at the Ontario Landlords Forum from a Toronto landlord asked how to improve curb appeal.

Here’s the post:

“I have a multiplex in Toronto that I put a lot of time and money into to make the inside very attractive. I’m in an area where this is a lot of competition for qualified tenants… The problem is the outside of the property isn’t appealing and it turns off a lot of good potential tenant from even wanting to view the inside of the rental. How can I improve the curb appeal of the property without spending a fortune?”

Improve Your Rental Property By Planting Trees and Shrubs

An Alberta landlord replied with the advice of planting trees and shrubs to improve curb appeal. This landlord said after adding some leafy shrubs and a few trees her rental property attracted a lot more applications from interested tenants.

A BC Landlord echoed the opinion and stated that the trees near his rental has attracted a lot of great tenants.

Fortunately, for landlords in Toronto and the GTA planting trees and shrubs is a terrific and affordable options thanks to a program called LEAF.

LEAF – Local Enhancement & Appreciation of Forests

LEAF is a non-profit organization that has been offering a subsidized tree planting program in York Region for the past 18 years.

LEAF offers a full-service planting program to help multi-units in Toronto and York Region plant trees and shrubs on the private property around buildings. This includes a consultation and site assessment with one of our expert arborists and full planting service.

Melissa Williams, Acting Program Manager for LEAF

The Ontario Landlords Association interviewed Melissa Williams for more information on the LEAF program.

We thank Melissa for her enthusiasm to help landlords know about the program and how it can help landlords create attractive rental properties.

1.            Could you tell us how your program can help residential landlords?

LEAF offers a full-service planting program to help multi-units in Toronto and York Region plant trees and shrubs on the private property around buildings at affordable rates. This includes a consultation and site assessment with one of our expert arborists and full planting service. LEAF is a non-profit organization that receives funding to offer this subsidized program for private property plantings. 

Trees and shrubs increase the aesthetic value of your property which in turn can increase property value by as much as 30%! Trees also reduce air and noise pollution, lower summer air temperatures and provide much-needed shade.

2.            Are all landlords in Toronto and York Region eligible for this?

All residential landlords in Toronto and York Region are eligible for the program.

3.           We have lots of members all over Ontario.  

                    Can Mississauga landlords and Ottawa landlords access the program?

At present time we only offer the program in Toronto and York Region. We would recommend that landlords in other cities check with their local municipality or conservation authority to see if similar programs are offered in their area.  

4.            What happens during the consultation/assessment of the property?

During the consultation, a LEAF arborist will assess the site conditions such as soil type, sun exposure and spacing restrictions, and speak with you about what your preferences are in terms of trees and shrubs for the property.

The arborist will then recommend suitable native species that will do well on your property, and determine planting locations with you as well. We would then come back and plant the trees and shrubs for you in either our spring (April-June) or fall (September-November) planting season.

5.            What are the costs involved for the landlord and what does this include?

The cost for the program ranges from $150-$220 per tree, depending on the species selected. This price includes a site consultation with an arborist, a 5-8 foot tall tree, and delivery and planting service.

The full value of this service is approximately $300-$400, and the difference is paid by our funding partners. Native shrubs can also be purchased for $25 each.

6.            How can landlords interested in this opportunity get started?

We recommend visiting our website at www.yourleaf.org/multi-units-and-businesses to learn more about how the program works and to fill out our application form. We can also be reached by email at info@yourleaf.org

Make Your Toronto or York Region Rental Property Look Good!

Toronto and GTA landlords can take advantage of this program to make your rental property more attractive to renters.

Whether you are landlord in Toronto or cities in the GTA make your rental property sparkle and attract good tenants.

Ontario Landlords: Rent Increase Guideline 2014

Wednesday, December 25th, 2013

December 25th, 2013

Ontario landlords Rent Increase Guideline 2014

How Much Can Landlords in Ontario Raise the Rent in 2014?

If you are a landlord in Ontario you face what is called ‘rent control.’

This means in many cases how much you can charge for rent is controlled by the government.

As we wrote in June about how much Ontario landlords can increase the rent in 2014 the government announces a Rent Increase Guideline, usually in the early summer before the coming year.

This is the announcement from the Ministry of Municipal Affairs and Housing informing Ontario landlords rent increases for the next calendar year.

We have had lots of landlords from all over the province asking us to clarify and confirm how much they can raise the rent in 2014 and here is your answer:

HOW MUCH CAN ONTARIO LANDLORDS RAISE THE RENT?

Ontario Landlords Can Raise the Rent 0.8% in 2014

That is the allowable increase according to the Ministry of Municipal Affairs and Housing for the province.

Is the Ontario Rent Increase Guideline Too Low?

Many landlords think it is.

After all, landlords still have not been allowed to catch up to the added costs for when the HST was implemented.

Is 0.8% a realistic example of the increased costs Ontario landlords face?

Whether you are a Toronto landlord, invest in Ottawa rentals or have properties in a smaller area and become a Newmarket landlord, many property investors and landlords say no.

Let’s look at some of the increasing costs for  landlords in our province:

1. How about the increased prices of your property taxes?

2. What about increase costs from the people we depend on to maintain our rental units?

3. Many small landlords are facing increases over 5% for services such as water.

I Need To Do Major Improvements on the Property Including a New Roof.

Is There A Way To Increase the Rent More Than 2.5%?

If you want to raise the rent more than the guideline you can apply for what is called an Above Guideline Increase through the Landlord and Tenant Board.

You can apply if the cost of your municipal taxes and charges or your utilities have increased more than the following formula: the rent increase guideline + 50%.

You can apply for increased costs due to capital expenditures or investing in security services.

Are All Residential Landlords Covered By The Rent Increase Guideline?

No, not all.

You do not have to follow the Guideline if your situation in one of the following:

1. The rental was not occupied for any purpose before June 17th, 1998

This means your rental property was built after June 17th, 1998 or you have built a new unit in your property that was never occupied before June 17th, 1998.

2. The rental unit was never previously rented since July 29th, 1975

This means only the owner has lived in the property since the date of July 29th, 1975.

3. No part of the building was occupied for residential purposes before Nov. 1st  1991

This means the property was converted from commercial to residential or was not built or occupied until after November 1st, 1991.

Ontario Landlords and the 2014 Rent Increase Guideline

 For more information see the Landlord and Tenant Board Website

To discuss this and other issues go to the Ontario Landlord Forum