Residential real estate investing is accessible to most and easy to understand. It’s a great way to start investing and begin earning money through equity appreciation, and monthly cash flow. The best part is that the mortgage will get paid down by someone else.
Everybody needs a roof over their head! Canadians are constantly moving about the country and we have new comers making their way to our country every day. This all causes movement within the real estate market. Some people rent, and others buy. We also know that this trend will always continue, as our population continues to grow, year over year.
When you become a residential landlord you are providing your tenants with a safe and comfortable living space. Keep in mind that there are many rules in place to protect the tenant in this scenario. This can be daunting for new landlords. There is a fear that the tenants will not keep up their end of the bargain and pay rent on time. There could also be a fear that the property will incur damages.
We see the need to support landlords in their investing ventures. Becoming a residential landlord is starting a business. One of the biggest mistakes that landlords make is that they don’t treat their investment or the rental property like it’s a business. It is a business, and you need to treat it as such. Can you believe that sometimes new landlords don’t write things down? They don’t record or track anything. They collect their rent and deposit it into their bank accounts instead of having a separate one. Believe it or not, sometimes landlords will even rent out a place to a family member or friend without a proper lease in place. These are all huge no-nos. You need to have things written down. If it’s not written down, it didn’t happen. We need to record and write everything down.
What if there was a way for the landlord to ensure that they select a good tenant?
What if there was a way for the landlord to track all rent collections and in turn empower the tenant to pay on time?
The relationship between landlords and tenants is an important one. At C.R.E.S.I. Property Management, we exist to help both sides of the equation. We give our landlords the option to be as hands-on or hands-off as they wish. If the landlord wants to be completely hands-off, we can do that. We will handle all tenant communications, rent collection, and maintenance of a property.
For tenants, we provide them with a place where they can feel safe knowing that their concerns are being heard and addressed.
One way we help you do this is by offering The Landlord Protection Plan. The rental property will meet the local and national standards for safety, comfort, and other legal requirements. Our team is available 24/7 so that you can always be confident in knowing that your property is being taken care of. Our team cares about your business. By doing so we empower both parties to succeed and so everyone benefits.
We know how much work it takes to manage an investment property. You don’t want to be stuck in the day-to-day details. At the end of the day, an investment property is still a business and businesses need attention! You invested hard-earned money into this property, so we want you to get back exactly what you expect from it: appreciation and cash flow. We’re here for you as long as you need us—and even longer!
