Reasons People Become Landlords

Reasons People Become Landlords

Have you been toying with the idea of renting out your home? Perhaps you have a secondary living space that you don’t use as often, and renting it out has crossed your mind. Many homeowners consider renting but have a hard time deciding if they should. Many people find that there are numerous reasons to become a landlord! Here are the reasons why people become landlords and how it benefits them!

Please note: Being a landlord is not for everyone and having the financial capacity to hold the home if a rental is left empty for months or needs to be fixed post-rental is something that needs to be weighed in. Finding the right tenant it also extremely important and each individual should be heavily vetted before handing over the keys.

 

Extra Income

Whether you are renting a space in your own home or renting out a secondary residence, many state that the biggest benefit of becoming a landlord is the extra income. By having someone live in your home you have allowed yourself to bring in extra money for a space you weren’t using while maintaining the equity. The tenant will take care of your space, and the monthly rent they pay will go towards the utilities. Any extra money can go into your pocket or into paying off a mortgage – something that can take years to do! When people become landlords, they find they the opportunity to increase their income.

 

Tax Benefits

Along with extra income and cash flow you get from renting out your home, you also can receive tax benefits. The Government of Canada will recognize that you are renting out your space to another and will allow you to claim tax deductions off of your property. The Canada Revenue Agency (CRA) also offers a number of additional expenses you can claim in your taxes. Be sure to head to the CRA website for more information on the rental expenses you can deduct!

 

Don’t Have to Sell Your Home

Newly married couples may find they have two homes, parents may decide to buy a second home to eventually pass down to their children – but the costs can be heavy to pay for two residences. Renting out a secondary home to a tenant is a great way to avoid the need to sell your home! This way you can get the funds to pay off the mortgage or utilities, and still have your home for when you need it. Then, when the kids are old enough to move in, your space will have been taken care of in the meantime.

 

Safe Listing Site

If the primary reason you are hesitant to rent out your home and become a landlord is the horror rental stories, then you can put your mind at ease. Sure, there are unreliable rental sites out there, but luckily Rentfaster.ca is not one of them! Rentfaster.ca is a safe and secure way to rent your home. The site uses pre-screening processes to ensure that the best and most trustworthy people are viewing your home. Your rental is seen by a larger audience who are serious about renting. Listing your home rental has never been easier, and you will even find that when using Rentfaster.ca, you rent it out… faster!

 

Exponential Reward

Many people report that they find reward in the lifestyle of a landlord. You get to be your own boss, you get to select who will live in your home, and you have the satisfaction of knowing that you have provided someone with a place to live (therefore helping the economy as well!). You now have the ability to watch your home flourish and care for it along the way. Who knows, you may even build an amazing relationship with your tenants too!

 

If you choose to become a landlord, you may find that you can create a wonderful personal ‘business’ that is fulfilling and rewarding. Once you decide to become a landlord, all that is left to do is the paperwork and getting your listing up on Rentfaster.ca. The rest will be history!

Little Things That Make Rentfaster.ca the Best Rental Site for Landlords

Little Things That Make Rentfaster.ca the Best Rental Site for Landlords

When listing your rental, you want it to be seen by trustworthy people. You want to find that perfect tenant who will knock your socks off with the care they put into your home. You want to rent out your home faster. The question then becomes, where will you achieve all of these things? The answer: Rentfaster.ca! Our amazing rental site is perfect for landlords who are serious about renting. Not only does it offer a fully equipped rental search site with thousands of users, it has unique tools and tips to help when renting out your home. Here are the little things that make Rentfaster.ca the best rental site for landlords!

 

Pricing Tool

Before you can list your rental, you need to know what rental price *(INSERT HYPERLINK WHEN BLOG IS POSTED)* to use for your home. The unique Rentfaster pricing tool is the perfect way to compare listings similar to your own, and find the best price. You can assess the prices of rentals comparable to yours, the current market prices, and the yearly ebbs and flows of listing prices. Finding the perfect rental price is easy with the Rentfaster pricing tool!

 

Free Documents

As a landlord, there is a lot you need to remember. Rentfaster wants to make it easy for you and give you the documents and forms you require to rent. You are provided with:

  • Inspection checklists (to help you remember what to look for on a walkthrough),
  • Tenancy agreements (giving you a secure and legal document),
  • As well as everything you need to formally ‘rent’ out your home.

All of these documents are available free of charge on the rental site. Simply create your free Rentfaster.ca account and print everything that you need!

 

Social Media

Once your rental listing is up and running, the simple click of a button will share your rental on your social media pages. In the left-hand corner of your listing, you will see a small arrow button – clicking this will auto-populate a post for you to share with your followers! The best thing about social media sharing is that Rentfaster.ca wants to share it too! Once you tag @Rentfaster in the post or use the hashtag #RentfasterCA, we can share the listing with all of our followers. Giving your rental the exposure it needs to help you find that perfect tenant!

 

Lawn Signs

For Rent Sign - Best Rental Site

It is important that you bring attention to your rental, and Rentfaster.ca wants to help. People passing by need to be made aware that your home is for rent. That is why you have access to a free ‘For Rent’ sign on the rental site! Simply go to your account and request your signs so that you can bring in more traffic to your listing. Having your rental shared on social media, as well as visual advertising on your front lawn, will help you rent out your home… faster!

 

Reputable

With all of the access to the world wide web, it is easy to fall into the trap of listing your rental on an unreliable site. It is unfortunate that this sometimes leads to rental horror stories – an experience no landlord wants to go through. Unlike these other unreliable listing sites, Rentfaster.ca is trustworthy. There is a pre-screening and security process that tenants (and landlords) go through before gaining access to rentals. This helps to eliminate the scams and negative experiences and ensure that you find a perfect tenant. Just another little thing that makes Rentfaster.ca the best rental site!

 

Rentfaster wants you to have a positive experience when renting. Landlords have enough to organize without being stressed about finding the right forms and determining the best rental price. Take a load off and let Rentfaster.ca help you rent your home!

5 Timeless Tablescape Design Trends of 2017 – Review

5 Timeless Tablescape Design Trends of 2017

In 2017, there are plenty of beautiful ideas for tablescapes going around that really can make your living space come alive. While trends can be a bit transitional, there are several styles that can be used on your tablescape that is timeless. In this article, we’re going to take a look at some of the most timeless tablescape trends for the 2017 calendar year that will really bring life to your home’s décor.

Monochrome and Gold

Nothing quite says luxury and prosperity better than gold. While we’re not necessarily talking 24 karats, using gold-colored accents on a black and white tablescape can really make your tabletop shine. If you have a white marble-topped table, this will be easy, but if you have a wooden table or a table that isn’t quite monochrome, you can use a table cloth for this design option.

To get started, select a table accessory that is gold-colored; you can use gold highlighted vases, gilded silverware, or gold colored plates in order to add a bit of richness to your setting. Additionally, you can even add in some flowers to accentuate the gold theme like chrysanthemums or yellow roses.

Why it Works:

When you have a simple white or black table design and introduce rich colors like gold, for some reason, it really pops visually.

Floral Accented Wood

On the opposite side of the spectrum, your tablescape can have a more natural aesthetic that’s perfect for those shooting for an earthier feel. To accomplish this tablescape trend, your table should be comprised of wood. In most cases, darker woods look better, but lighter woods will do in a pinch.

On your wooden table, you should have a flower holder in the center. For this specific tablescape, most ceramic vases won’t quite fit the aesthetic. While those that are made of burnished wood might work, wicker flower planters really will accentuate the natural theme that you’re looking for. Next, use just about any type of flowering plant for a nice, floral accent. For an earthier feel, you can use succulents to add a leafy styling to your tablescape.

Why it Works:

When you’re dining or just relaxing at a table that has these earthy tones, you’ll feel as if you’re dining away in a garden. Additionally, having this kind of natural aesthetic will work with just about any décor imaginable.

Rustic Accents

For another earthy tablescape, consider going rustic. When you want to entertain but you aren’t looking for an overly luxurious setting, you can use things like strips of burlap fabric, green vines, and wooden tables to really play up the rustic setting. This is one of the most charming tablescapes available, and if done right, you can achieve a type of rustic elegance.

For this tablescape, you should always use a wooden table; materials like beech wood and maple seem to work really well. As mentioned, viny plants work really well, so feel free to decorate with plants like wisteria or even morning glories. Finally, burlap fabric table settings really will bring home the rustic feel.

Why it Works:

Rustic tablescapes are pleasing to the eye and will transport you and your guests to a simpler way of life.

Outrageous Color

Who says that every tablescape has to use understated colors? Sometimes, a splash of color can really make an event shine and a meal at home more memorable. For this tablescape, you’ll almost certainly need a brightly colored tablecloth, though there are tables out there with outrageously colored tops out there as well.

Next, some multicolored plates will really bring this design aesthetic home. Ceramic plates are a great choice, so find ones that are pink or another festive color. Finally, tie it all together with some pretty flowering plants set in a beautiful vase that can match the plates in coloration.

Why it Works:

While you don’t want an eyesore, bright and festive colors will almost always look nice when set in the right room décor.

An Elegant Tablescape 

One of the most popular tablescapes of this year is one that fully embraces femininity in a room’s décor. For this specific tablescape, you’ll need a lacey tablecloth that can be draped over your tabletop. If you’re not a fan of lace, you can also use tablecloths that feature floral patterns as well. The next accent should feature white ceramic plates, bowls, and cups; these add a balancing factor to the design of the tablescape. Finally, in the center, this trend calls for a taller vase that contains just about any variety of flowers.

For an additional design concession, you can also use a Lazy Susan underneath the vase.

Why it Works:

With the presence of floral highlights and understated ceramic dishware, this tablescape really has a lot of inherent elegance.

Which of these tablescape trends fit the décor of your home?

 

Jessica Kane is a writer for SIlver Superstore, home of the internet’s best flatware.

Most Popular Months to Rent Out Your Home

Most Popular Months to Rent Out Your Home

When is the best time to rent out your home?

With the new year, this is a question that many landlords ask themselves. The answer is not as simple as a season or a single month in the year – instead there are a number of things you have to keep in mind. You need to consider the economy, the number of rentals available, as well as the success of renting in previous months/years. All of these things are easily accessible and analyzed with the Rentfaster.ca Pricing Tool. With a free account, you can access data from previous years and analyze rental statistics for all Canadian cities. So, to answer the question of when is the best time to rent – we have broken down the most popular months to rent out your home!

Note: Some areas are new to Rentfaster.ca. Number of listings and other data may be lower than other major cities.

 

Number of Listings

The best months to rent out your home will depend upon the number of listings. When there are a higher number of listings, although there is more competition, it is usually the time when people are looking to rent. Landlords know that these particular months are the most popular for people moving and making life transitions (eg: School year starts, avoiding holidays, etc). Therefore, they list their rentals in that time frame. In the previous year of 2017, the months that had the highest number of listings were:

  • June
    • Vancouver, BC (1,140 listings)
    • Victoria, BC (291 listings)
    • Edmonton, AB (3,482 listings)
    • Regina, SK (189 listings)
    • Saskatoon, SK (297 listings)
    • Toronto, ON (237 listings)
  • July
    • Calgary, AB (7,992 listings)
    • Red Deer, AB (109 listings)
    • Regina, SK (181 listings)
    • Saskatoon, SK (297 listings)
    • Toronto, ON (220 listings)
  • November
    • Vancouver, BC (177 listings)
    • Victoria, BC (56 listings)
    • Edmonton, AB (3,617 listings)
    • Red Deer, AB (144 listings)
    • Regina, SK (178 listings)
    • Saskatoon, SK (319 listings)
    • Winnipeg, MB (346 listings)
    • Toronto, ON (236 listings)

Depending on how fast you want to rent out your home, it is important to take these things into consideration. Listing your rental in a time of higher competition (with high numbers of listings) may mean that it takes longer to find a tenant. Whereas listing your rental in a time of low competition may mean that it will take longer to rent out your home compared to popular months.

 

Average Price

If you are looking to make more of a profit from listing your rental, then you need to consider the peak and decline of the economy. To determine your perfect rental price, you also need to take into account how many listings are available (see above point). These other listing prices will be your competition and may require you to increase or decrease your price based upon the month and number of listings. The months that had the highest average price in the year of 2017 were:

  • May
    • Vancouver, BC (avg price $2,472)
    • Victoria, BC (avg price $1,410)
    • Edmonton, AB (avg price $1,262)
    • Saskatoon, SK (avg price $1,031)
  • July
    • Vancouver, BC (avg price $2,331)
    • Victoria, BC (avg price $1,271)
    • Edmonton, AB (avg price $1,264)
    • Calgary, AB (avg price $1,403)
    • Red Deer, AB (avg price $1,061)
    • Regina, SK (avg price $1,166)
    • Saskatoon, SK (avg price $1,050)
    • Winnipeg, MB (avg price $1,102)
    • Toronto, ON (avg price $1,698)
  • August
    • Vancouver, BC (avg price $2,440)
    • Edmonton, AB (avg price $1,265)
    • Calgary, AB (avg price $1,409)
    • Red Deer, AB (avg price $1,068)
    • Regina, SK (avg price $1,172)
    • Saskatoon, SK (avg price $1,047)
    • Winnipeg, MB (avg price $1,112)

 

Average Days on the Market

The Rentfaster.ca website is filled with excellent tools that can assist you in determining:

  • the price of your rental,
  • popularity of similar rentals,
  • and how long a listing is on the market.

The ‘Average Days on the Market’ graphing tool is new to the Rentfaster site. This tool will tell you the average timeline it takes to rent out your home based upon each month’s popularity. Here are the current statistics for the most popular months to rent out your home based upon the lowest average days on the market (for the year 2016):

  • September
    • Edmonton, AB (38 days on market)
    • Calgary, AB (47 days on market)

Note: Data is limited for particular cities due to fewer listings in the year 2016.  – 2017 data will be available in the new year.

 

To access more specific data (type of home, number of bedrooms, location, etc.) for your own rental, create your free Rentfaster.ca account and go to the ‘Pricing Tool’ page. There, you can narrow your search for rentals that are similar to your own and analyze which month will be perfect for you to rent! Once you find the best month to rent out your home and have your listing all set up, get ready to rent out your home… faster!

How to Bring Attention to Your Rental Property

How to Bring Attention to Your Rental Property

You listed your rental property on Rentfaster.ca and already you have had a few people view your listing online. Congrats! In order to find that perfect tenant though, it is important that you share your rental listing with as many people as possible! The more outreach you get, the more likely you are to find the tenant just right for your home. Not sure how to share your rental? Here is the ultimate guide to bring more attention to your rental property on Rentfaster.ca!

 

‘For Rent’ Signage

For Rent Signage - Rental Property Attention

Just because you know that your home is for rent, those driving and walking by will not! Bring awareness to your rental property with the use of rental signs! Having a ‘For Rent’ sign on your front lawn can draw in a surprising amount of traffic to your listing. Even better, Rentfaster.ca has FREE ‘For Rent’ and direction signs! The Rentfaster.ca signs are better than the average ‘For Rent’ signs, as people will know where to go to find your listing for more info – and paired with the map feature on the website, finding you will be a breeze!

 

Professional Photos

Rentfaster Professional Photos - Rental Property Attention

Our society is driven towards beauty and often disregards photos that are of poor quality. People are drawn towards bright, attractive, and clear images – which is why having high quality professional photos of your rental is a must! Take clear photos that are well-lit and show-off  the space and layout of your rental. The more pictures you have, the better of an idea potential-tenants will have of the home. Not good with a camera? Rentfaster.ca has a number of professional photographers all around Canada available to come and photograph your home for only $35 (plus tax). With better photos, your rental listing will be more appealing and draw in more views!

 

Share on Social Media

Sharing Social Media - Rental Property Attention

Once you have created your listing on Rentfaster.ca, sharing your listing with everyone is easy. On your listing information summary is an arrow button, found in the left hand corner. Clicking this button will allow you to share your listing with those on your social media pages. Your listing will automatically populate on Facebook with images and info. Reformat your caption, or leave it as the auto-populated one and let your social media audiences know that your home is available for rent!

 

Use Rentfaster Hashtags

Instagram Page - Rental Property Attention

Would you like to use social media even more to advertise your rental property? Rentfaster.ca has a number of specialized hashtags that can be used to share your rental. Rentfaster.ca is on Facebook, Twitter, and Instagram (@Rentfaster for all platforms), where you can use the #RentfasterCA hashtag. If you use this hashtag on pictures of your rental property, you may even be selected to be featured on the Rentfaster.ca platform pages! Those homes with white-styled interiors may even be featured on our beautiful Instagram page. And be sure to tag us in your photos!

BONUS: If you use Twitter, tag us in your shared rental listing because we will always retweet! This is a great way to reach your audiences and ours, so you can rent out your home… faster!

 

Use these methods to share and bring attention to your rental listing. Soon enough, you will be in the tenant selection stage and well on your way to becoming a landlord! Good luck!

Best Neighbourhoods to Rent in Toronto

Best Neighbourhoods to Rent in Toronto

Toronto has and will continue to be a popular location for all stages of life – raising a family, studying at school, and retiring. This beautiful city has a wide variety of neighbourhoods that feature different aspects of community living. There are neighbourhoods close to the water, residential areas, and business hubs for entrepreneurs and students. Rentfaster.ca has recently become available to landlords in Toronto, and it is expected that there will be an increase in the number of rentals available. Currently in Toronto there are 190 home rentals available with an average price of $1,789. Here are the best neighbourhoods to rent in Toronto and why you would want to live in each!

 

Annex Neighbourhood

If you are looking for a home to rent in Toronto and are attending the University of Toronto, the Annex neighbourhood is just for you! This neighbourhood is in close proximity to the school, making the commute back and forth for classes easy. The neighbourhood is filled with a number of amenities, restaurants, and fitness options available to residents. As well, there are stunning cafes nearby – perfect for those long study sessions! The Annex Toronto Neighbourhood is a short 10-minute drive downtown (or a 15-minute bus ride). There are currently 8 listings available in this community with an average rental price of $1,744.

 

Liberty Village

As Toronto continues to grow, there is increased demand for residential areas – Liberty Village is one of these locations. Filled with condos and apartments, this community is popular for those looking to get away from the busy lifestyle of the downtown core. For those still needing to work downtown, it is only a short 10-minute drive away. If you are looking for things to do in the area, there are a number of cafes, restaurants, and shops to meet your needs without going into city central. This community is one of the more affordable areas with an average listing of $1,671. Currently there are only 4 rentals available in this area, but more are expected to appear.

 

Yorkville Neighbourhood

Near the Annex neighbourhood is the Yorkville community of Toronto. This area is known for is bohemian feel and high-end shops and restaurants. Due to the higher end services in this area and its closeness to the downtown hub, this neighbourhood is more expensive to live in. Mainly filled with luxury hotels and beautiful apartment buildings, the availability is limited in this area due to popularity. The Yorkville Toronto neighbourhood currently has 14 listings available on Rentfaster.ca with an average rental price of $2,919.

 

Bloor West Village Neighbourhood

Located in the west of Toronto is the neighbourhood of Bloor West Village. This area is mainly residential and is a popular place for families to settle down. Bloor West Village is within walking distance to one of Toronto’s most popular parks, High Park. High Park is a beautiful green space filled with picnic areas, dog parks, playgrounds, gardens, and even a zoo! The area has two schools (an elementary school and a secondary school) within the neighbourhood limits, and also has all the needed amenities for those living in the area. Currently there are no rental listings available on Rentfaster.ca, but listings are expected to increase. Know anyone renting in the area? Have them add their listing to Rentfaster.ca to… well… rent faster!

 

Yonge & Eglinton Neighbourhood

Ranked the #1 neighbourhood by TorontoLife.com, the Yonge and Eglinton neighbourhood is popular to rent in Toronto. This busy area located farther north of downtown is said to host a number of professional businesses and be the hub for entrepreneurs. The buildings in this area are mainly apartments and condos. The community is said to be one of the busiest in the city, as well as an important transit area. Due to the popularity and high demand of the area, there are currently only 11 rentals available with an average cost of $2,138. If you enjoy the energy of a downtown-like community, then Yonge & Eglinton is just for you!

 

Yonge & St. Clair (Deer Park) Neighbourhood

Described as a “midtown” area, this neighbourhood is home to many companies and amenities. The Yonge and St. Clair area was rated the #7 neighbourhood in Toronto by TorontoLife.com. Although not the number one most popular neighbourhood, it is an area that is well maintained and is a great option for those looking for more affordable residence than downtown. The area is also desirable for its beautiful green spaces surrounding the neighbourhood. There are currently 10 rentals available on Rentfaster.ca with an average price of around $2,055.

 

York Mills Neighbourhood

Known for its luxury homes and condo buildings, the York Mills area is highly sought after! The neighbourhood’s history is known for the number of mills that were located within the community that supported the area. The mills were present from 1804 until 1926, but the mills have since been removed. Now in their place is a gorgeous green space and walking paths, as well as over 10 different schools (elementary up to high school) – ideal for younger families. There are 4 available rentals in York Mills with an average rental price of $1,653.

 

Scarborough Village Neighbourhood

If you are looking to rent in Toronto and are seeking a quieter pace of life with affordable living, Scarborough Village is just for you! This neighbourhood, located east of Toronto, is a stunning area that overlooks Lake Ontario and features public waterfront parks. The entire Scarborough area is filled with a wide selection of amenities – from small cafes to international style foods, and shops of every kind. The neighbourhood is 50-minutes away from the downtown center, or a 75-minute bus ride. If you are looking to rent in Toronto, Scarborough Village, there are only 2 rental listings currently available. The average rental price is $1,270.

 

Henry Farm Neighbourhood

For those students attending the Lambton College, renting in the Henry Farm neighbourhood may be the best option! The community is located just northwest of the Scarborough area and is popular for families as well as students. The Henry Farm neighbourhood is known for their “community spirit” and close-knit neighbourhood layout. There are a number of amenities located just north of the neighbourhood, including the Cadillac Fairview Mall. Rentfaster.ca currently has 3 rental listing available with an average cost of $1,750.

 

Newtonbrook Neighbourhood

If you are looking to rent in Toronto, the neighbourhood of Newtonbrook is an excellent choice! With close access to the Centerpoint Mall (featuring over 80 different shops, and 22 different dining options), as well as plenty of recreational areas. Newtonbrook also has some schools (including Lester B. Pearson) as well as more shopping opportunities along Yonge Street. If you are looking to rent in a neighbourhood with lots to do, look no further than Newtonbrook! There are currently 8 available rentals in the area with an average price of $1,750.

 

Consider these beautiful and accommodating neighbourhoods with homes and apartments in Toronto for rent. Whatever you are looking for, you are bound to find it in one of these! Happy renting!

 

Sources:

http://www.blogto.com/neighbourhoods/

https://torontolife.com/neighbourhoods/

https://torontolife.com/neighbourhood-rankings/#

http://www.torontoneighbourhoods.net/neighbourhoods/west-end/bloor-west-village

http://www.torontoneighbourhoods.net/neighbourhoods/north-york/york-mills/history

https://movingincanada.com/Ontario/NorthYorkNeighbourhoods-YorkMills-Winfields.htm

http://www.torontoneighbourhoods.net/neighbourhoods/north-york/henry-farm

http://www.torontoneighbourhoods.net/neighbourhoods/north-york/newtonbrook/shopping

Feature Community: North Vancouver’s Lower Lonsdale

Feature Community: North Vancouver’s Lower Lonsdale

If you are in search of a thriving and beautiful community within driving (or sea bus) distance to the downtown core, North Vancouver’s Lower Lonsdale is just for you! This smaller community is found just East of the gorgeous Stanley Park. Lower Lonsdale is the ideal location for those commuting downtown (45-minute bus ride, 25-minute drive, or 15 minute sea bus ride) as well as for individuals interested in recreational activities. There are 11 rentals available in this community on Rentfaster.ca, consisting mainly of apartments. The average cost of rentals in the Lower Lonsdale community is $2,355. Homes in this area are right next to the energy of the community’s coastal hub and have a spectacular view of Vancouver city across the water!

 

In addition to the easy access to green spaces and the core, Lower Lonsdale has many attractive features itself. The Lower Lonsdale Quay Market is one of the main attractions of this Northern Vancouver neighbourhood. Looking out over the Vancouver Harbour, the market has a West Coast style featuring over 80 different shops, as well as a shipyard and pier. Come and peruse the shops, try the coastal foods at some amazing restaurants (including local seafood), and enjoy the beautiful view of the Vancouver skyline.

 

Local Lonsdale also has a number of amenities and services available to those in the area, reducing the need to drive too far from the community.

  • If the downtown core is too busy for you and your pet, Lower Lonsdale is a wonderful option! With close proximity to Stanley Park, there is always space for your dog to run! Heading to work during the day and don’t want to leave your dog at home? Located in Lower Lonsdale is Northwest Kennels and Daycare! They will watch your dog while you are away or at work and ensure that Fido or Felix are having fun! A great place for your dog to run around with friends until you are ready to pick them back up!
  • Want to get your kids involved in music lessons? No need to drive all the way to downtown Vancouver! In Lower Lonsdale, Canadian guitar artist Tony Chotem offers affordable and engaging music lessons. Tony Chotem offers lessons in a number of locations, either in a private studio or at other local Lower Lonsdale locations. Tony is passionate about music, and is excited to teach and share music knowledge with all!
  • Introduce some new style into your life with a fresh and clean haircut! The Lolo Salon is the perfect place in Lower Lonsdale to get your hair cut, colored, or put into an up-do for an event! The salon is named after the area “LoLo” and is excited to be a part of the community, giving a fresh look to everyone who comes by!
  • Are you looking for a better diet for your dog? Perhaps the raw food diet is the next option! In the Raw Pet Food is a local dog food company whose goal is to provide pet owners with awareness and education to best benefit your dog. The raw diet may be just the thing to help your dog live a healthier life!

 

If you are looking for a community that will allow you to be engaged, attend local events, and see the sights without driving too far away, Lower Lonsdale is just for you! The Lower Lonsdale community is a prime location for busy entrepreneurs, downtown workers, and those families looking to stay engaged in the local community! Check out Rentfaster.ca to view the listings of North Vancouver communities and find your rental today!

Looking for a rental nearby? Check out this beautiful and modern Northern Vancouver rental home!

Vancouver rental Home

OFFICIAL CONTEST RULES for the Lower Lonsdale Local Business Giveaway on Facebook (November 15, 2017)

No purchase is necessary and winner will be chosen in random draw. Each comment gives one entry; multiple entries per person allowed. Contest is open to any British Columbia resident over 18 years of age. Contest is open until November 30, 2017 at 11:59 PM. Prize includes a free 2-night stay & bath for your pet at North West Kennels and Daycare, Gift Certificate for music lessons with Tony Chote, $100 in hair products from LoLo Salon, a $50 gift certificate towards In the Raw Pet Food No substitutes or cash replacement allowed. Skill-testing question required.

Winner will be contacted via Facebook within one week after contest close and has one week to respond to claim prize or a new name will be selected. Odds of winning depend on entries. Gift basket will be delivered via mail to winner’s address within six weeks of accepting prize via Facebook or email.

This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook. We hereby release Facebook of any liability.

Lower Lonsdale Prize Pack

Northwest Dog Kennels and Daycare

Website: http://northwestkennels.com/
Facebook: https://www.facebook.com/northwestkennelsanddaycare/
Inatagram: https://www.instagram.com/northwestkennelsanddaycare/

In The Raw Food For Dogs and Cats Inc.

Website: www.intherawpetfood.com

Facebook: https://www.facebook.com/In-The-Raw-Food-for-Dogs-and-Cats-Inc-1712960102285217/

LoLo Salon

Website: http://www.lolosalon.ca/home.html

Facebook: @lolosalonnv

Instagram: @lolo_hair_salon

Tony Chotem

Website: http://www.tonychotem.com/teaching.html

Website: https://www.sonicbids.com/band/doublehelix/

Facebook: https://www.facebook.com/tony.chotem & @doublehelixjazz

 

Sources:

http://vancouversnorthshore.com/things-to-do/neighbourhoods/lower-lonsdale/

http://www.lowerlonsdale.ca/

http://northwestkennels.com

http://www.tonychotem.com

 

 

 

 

Who is in Charge of Shoveling Snow at a Rental? And Other Outdoor Maintenance Questions

Who is in Charge of Shoveling Snow at a Rental? And Other Outdoor Maintenance Questions

It’s here. The time for snow angels, hot chocolate, and snowmen has come! With the cold weather also comes a number of outdoor maintenance requirements. You need to ensure your rental is ready for the snow and is being maintained! The issue is that many tenants are often unsure who is responsible for which duties. It is necessary that both tenants and landlords are aware of who is liable to avoid potential problems (and even fines)!

In order to answer the following questions, you will need to consider two things.

  1. What type of property do you live in?
  2. What does your lease state?

Here is your answer to “Who is in charge of shoveling snow at a rental?” and other outdoor maintenance questions.

 

Who is in charge of shoveling snow at a rental?

Depending on what type of property the rental is (house, condo, apartment, etc.), this will determine whether or not the tenant or landlord is responsible for shoveling the walks.

In a house (whether it be stand alone or a duplex), it is commonly understood that the tenant is responsible for shoveling the snow. Of course, there may be exceptions that will be specified in the rental agreement and lease, in which case it is important to know if the tenant or landlord is responsible. It is a bylaw in most cities that sidewalks must be properly shoveled within 24 hours of a snowfall, so if the tenant is leaving for vacation, they must be in touch with the landlord to ensure the walks are shoveled throughout the duration of their absence.

On the other hand, if the property is a multi-complex or apartment building, it is likely that the condo fees will go towards outdoor maintenance. The condo board will usually have outdoor maintenance covered, hiring landscapers to care for the property and surrounding area. To be sure, tenants should always consult the lease and speak with the landlord!

 

Who is responsible for salting ice?

With winter also comes the hazards and problem of ice on sidewalks and pathways. Keeping up with the ice on sidewalks is very important as it could mean the safety of others. If ice is not properly dealt with and someone falls, seriously injuring themselves, either the tenant or the landlord would be held responsible if the person pressed charges.

The person responsible for salting the ice is the same as the individual responsible for shoveling the walks. Stand-alone homes or duplexes commonly fall to the tenant to care for the salting of sidewalks. For rental properties such as condos, condo fees will usually include this in the fees, and no action from the tenant is necessary. Always take the time to clearly read and understand the lease and rental agreement. If you are ever unsure of who is responsible for outdoor maintenance, speak with your landlord/tenant – this will prevent any miscommunications and possible fines or accidents.

 

Who is in charge of addressing weather-damaged property? 

During the winter months, a storm hits and brings down a tree onto the garage, or smashes a window. Who is responsible? In almost any situation where weather damage has been done to a rental home, the landlord is responsible. Because it is the landlord’s property, and the tenant is not at fault, they are required to fix the damage done. Keep in mind that fixes to a home may require tenants to leave the rental for the duration it takes to fix.

If, for instance, the tree fell onto the garage and also hit the tenant’s car, or destroyed the backyard BBQ, it is another story. The landlord will be responsible for the damage to the home, but the tenant is responsible for their own belongings and possessions. This is why having rental insurance (and of course, car insurance) is so important! Rental insurance is there to help cover the damages done to tenant belongings. The landlord has no responsibility to cover those losses. In most cases, when signing the lease, a landlord may ask tenants to get renter’s insurance. But, if it is not a requirement, it is up to the tenant to purchase the insurance and take precautions to protecting their belongings!

NOTE: Rental insurance with providers such as Nuera Insurance also can help tenants when they are required to leave during repairs!

 

 

Once you know your responsibilities, you can feel comfortable that outdoor maintenance for winter will be properly managed. If you ever have doubts about the responsibilities or maintenance tasks, always review your lease and rental agreement or speak to your landlord/tenant! Better to be safe than sorry this winter!

 

Rental Documents You Need When Renting Your Home

Rental Documents You Need When Renting Your Home

The process of renting a home is a busy one! You need to take photos of your home (or hire Rentfaster to for $35), list your rental, find the perfect tenant, and, most importantly, ensure that all rental documents are filled out and signed! Once you purchase a listing with Rentfaster.ca (for only $35 we might add), you have access to tons of useful information that will help rent your home faster! Not to mention, there is a screening process to protect you from experiencing a horror rental story. One of the features of Rentfaster.ca that not many are aware of are the FREE rental documents! With a free account on Rentfaster.ca, you have access to all the rental documents needed to properly and safely rent out your home!

 

NOTE: All forms are useable to create a Residential Tenancy Agreement for the province you live in. Some forms identified below are only available for certain provinces. Select the drop-down tab on the “Rental Forms” page to confirm you have the correct documents.

 

Fixed Term Tenancy Agreement

Once you and your new tenant have agreed upon the lease, it is necessary that you sign the tenancy agreement. This will acknowledge the timeline of the lease, have both parties signed agreement and approval, as well as the terms of the agreement. Both yourself (the landlord) and your new tenant should review the agreement in detail, ensuring that all features of the document are acceptable for each individual. The agreement also includes information such as:

  • Fixed Term Tenancy
  • Rent
  • Security Deposits
  • Late Fees and Dishonoured Cheques
  • Inspections
  • Tenant Obligations
  • Landlord Obligations
  • Tenant Alterations and Improvements
  • Utilities
  • Etc.

In addition to the Fixed Term Tenancy Agreement Document, Rentfaster.ca also has a tenancy agreement document with “an option to convert to periodic” or a “periodic tenancy agreement.” These forms will have slightly different information, including the option for month-to-month tenancy. Be sure you select the form that best matches what you have discussed with your new tenant!

 

Inspection Checklist and Inventory Report

Once your tenancy agreement forms have been signed and agreed upon, as the landlord, you will want to have a record of the state of the rental. The Inspection Checklist and Inventory Report is one of the most significant rental documents you can have. This table-formatted sheet will allow you to go through and inspect the condition of the rental at move-in, move-out, and list the repair charges (if any).

Because there are so many things to remember and inspect, this form makes your inspections simple. Each room and item is organized so that you can go room-by-room and not forget the little things. Once the inspection has been done, there is an area in the document to complete your statement on the condition of the rental, as well as your tenants. At the bottom of the form is a section for you to fill out if there are charges and deposit amounts required from the tenant.

 

 Statement of Account

Separate from the inspection checklist, there is a unique rental document that summarizes the account, security deposit, and deductions. This document includes the “final amount refunded,” so that both you and your tenant are aware of the final financial payments/refunds and have it for your records.

 

Additional Documents

In addition to the listed forms above (dependent upon province), you will also have access to other rental documents should you need to provide:

  • Notice to Vacate,
  • Notice to Terminate,
  • No Smoking Addendum
  • Increase the Rent.

It is beneficial to always have a physical copy as well as a digital copy to ensure that you have a paper trail of your rental account. This will prevent any misunderstandings or problems in the future.

 

To access any of these rental documents, simply create your free Rentfaster.ca account. Once you are logged in to your account, under the tab “My Account” you will find a section called “Rental Forms.” It is here that you will be able to access and print any of the above or mentioned rental documents.

 

Create your free account today and get look forward to being an organized landlord! Happy renting!

7 Easy Home Improvements to Upgrade your Rental

7 Easy Home Improvements to Upgrade your Rental

Are you a landlord looking to get more value out of your rental? You can with easy home improvements! You have the ability to work with and enhance what already exists, and make it more appealing. Renovating your rental is the perfect way to increase the value and allows you to bump up the rent. Not to mention, your new and improved home will be more likely to rent out faster because of the appeal. Here are 7 easy home improvements to upgrade your rental.

 

1. Update Light Fixtures

Update Light Fixtures - Home Improvements

One of the easiest and most affordable home improvements you can do is to update light fixtures. Many homes will still have the same light fixtures from when the house was built. Everyone remembers the dreaded “boob light” fixtures, as well as the glass-decorated plates that covered dual light bulbs. Not only are these light fixtures out of date and out of style, they are inefficient! Replace and update your light fixtures so that they reflect the current style of your home (modern, rustic, traditional, etc.) and reduce the energy bill too!

 

2. Remove Old Carpet

There is nothing more undesirable than a rental home that has carpet from the 80s or 90s. Renters will often close listings because of unattractive home features! Rip up those green shag carpets and put in new, soft, neutral colored carpet instead. Your rental listing photos will draw in more prospective tenants and your home will rent out faster! Want to take your home improvements up a notch? Installing hardwood/laminate is an option that gives a home that brand-new feel. Everyone loves the look of wood!

 

3. Replace/Paint Cabinet Doors

Replace-Paint Cabinet Doors - Home Improvements

Does your rental property have plastic on each of the cabinet doors? Or perhaps they are an old oak colour making the home look dated. Give your rental home an upgrade by replacing or painting cabinet doors. If you have cabinet doors that are strange in size, shape, or design, it is best to replace them. On the other hand, if you have older oak finishes, painting these white (or other neutral colours) can remove that “old-fashioned” look from your home.

 

4. Knocking Down Walls

Many of the older model homes will have separate and closed off rooms. To upgrade your rental, you can make easy home improvements by knocking down walls (be sure they are not load-bearing!). People want a home where they can cook dinner and still mingle with people in the living room. Creating an open-concept home will increase the appeal and desire for the rental. Knocking down walls also gives your rental home more options for layout of furniture and space to move around. Perfect for those who are looking to host family and friends!

 

5. Replace Faucets and Shower Heads

Replace Faucets and Shower Heads - Home Improvements

When a home has new and shiny accessories, it increases the value in a rental property. Replace all of those leaking, rusted, or calcified faucets and shower heads in your home. It is amazing what a new and styled faucet can do for a bathroom to remove the feeling of “aged” and “lived-in.”

 

6. Drawer Cupboards

With all of the stuff people have, it is important to find a rental that has enough storage spaces. One of the many home improvements you can make to your rental is to add drawer cupboards. These are cupboards in your home (usually in the kitchen) that open up and have roll out drawers within them. These are space saving improvements compared to basic shelves, which limit the amount of space you can use. Not to mention, they are easy to access (no more crawling around in low and hard to reach cupboards!). Make this change and be sure to feature it in your rental images!

 

7. New Trim and Paint

New Trim and Paint - Home Improvements

If your rental is a condo, house, or townhouse, curb appeal is one of the driving forces that will ‘sell’ your home. People like to be proud of the home they are living in, and the exterior is the first thing anyone sees. Give the front of your home an upgrade and purchase new trim and apply a new coat of paint. Something as simple as freshening up the paint will drastically brighten the home from the outside, making it appear new once more.

 

Once you’ve completed these home improvements, Rentfaster will come to your rental and take new professional photos for your listing for only $30! Ensuring that potential tenants see the value right away!