Are you motivated to become a landlord and provide safe housing and make a little extra money too? It’s a noble pursuit, but not for the faint at heart.
Becoming a landlord can be both rewarding and lucrative, but only if you’re willing to take the role seriously and run it like the business that it is.
First and foremost, you should learn about the legislation before you buy your first property. Once you have a property to rent, it’s important to understand the basics before you start your first renovation or advertise your rental unit.
In this video we’ll look at:
00.00 Providing Quality Rental Units
01:25 Getting A Rental Unit Ready
04:23 Understanding Your Local Laws
05:06 Pricing A Rental Unit
5:12 Profit Is Not A 4-Letter Word
10:57 Advertising A Rental Unit16:28
13:49 Showing A Rental Unit
16:32 Creating, Taking and Checking A Rental Application
22:00 Last Month’s Rent Deposit
22:58 Pet and Damage Deposits
25:30 Accepting An Applicant & Discrimination
27:29 Leases & Documentation
29:16 Giving Keys/Possession Of The Rental Unit
30:20 Collecting Rent
32:45 Maintenance Requests
36:16 Annual Maintenence Inspections
37:36 Entering A Rented Unit
38:54 Can I Sue A Previous Tenant In The Landlord Tenant Board?
39:59 Be Your Own Property Manager To Make More Money
40:00 Top 4 Things To Know Before Buying Your First Rental Property
Let’s get started!
Landlord 101, Business Basics
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real estate investing in canadalandlord and tenantlandlord ontarioBecoming A LandlordRental PropertyRental UnitsGetting A Rental REadyRenting A Rental Unitlast month's rentCollecting RentBe Your Own Property ManagerLandlord 101Landlord 101 Business BasicsLeases and documentationwhat you need to know before watching top gun maverick before becoming a landlordProviding quality rental unitsAdvertising a rental unit