Posts by The Welcome Home Team
3 Things I Check Before Taking Over a Rental Property
Taking over a rental property can be an exciting step for a real estate investor. But before focusing on rent payments and cash flow, there are a few things worth checking. A property might look great during a walkthrough, but what about the maintenance history? The existing tenancy agreement? Or expenses that could affect your…
Read MoreHow Much Is Self-Managing Actually Costing You?
Are You Really Saving Money? One of the biggest reasons landlords choose to manage their own properties is simple: they want to avoid paying property management fees. And that’s understandable. Every dollar counts when you’re trying to make your rental property profitable. But here’s the thing: just because you’re not paying a management fee doesn’t…
Read MoreThe Rental Property Inspection Mistakes That Put Landlords at Risk
A Rental Inspection Is More Than a Walkthrough For many landlords, a rental inspection sounds simple: Walk through the property, take a few pictures, check that everything looks okay, and leave. But a good inspection is about more than spotting damage. It’s an opportunity to catch maintenance problems early, document the property’s condition and make…
Read MoreThe Maintenance Mistake That Gets Expensive Fast
“I’ll Deal With It Later.” Every landlord has probably said it at some point. There’s a small leak. A tenant mentions a strange noise. A window isn’t closing properly. The furnace sounds a little different. Nothing seems urgent, so it gets pushed down the list. Until that small problem becomes a much bigger — and…
Read More7 Signs You’ve Outgrown Self-Managing Your Rental Property
Self-Managing Worked… Until It Didn’t When you bought your first rental property, managing it yourself probably seemed pretty simple. Collect the rent. Answer a few messages. Call a contractor when something breaks. But then your portfolio grows, life gets busier, and suddenly your rental property feels like a second job. If that sounds familiar, you…
Read MoreThis Is How Landlords End Up at the LTB
Most landlords don’t buy a rental property thinking, “I can’t wait to deal with the Landlord and Tenant Board.” Usually, it starts with something much smaller. A tenant stops paying rent. A repair isn’t completed. There is a disagreement about the lease. A landlord wants the tenant to leave but isn’t sure which notice to…
Read MoreThe Hidden Cost of Setting Rent Too Low
Every landlord wants a rental property that stays occupied. After all, an empty property means no rental income. So when a landlord finds a tenant quickly, it can feel like a win. The property is occupied. Rent is coming in. There’s no vacancy to worry about. But there’s another problem that doesn’t get talked about…
Read MoreYour Rental Is Vacant. Should You Lower the Rent?
Your rental property has been listed for weeks. The phone isn’t ringing as much as you’d hoped. Showings are slow. Applications aren’t coming in. And now you’re asking yourself: “Should I lower the rent?” It’s one of the most uncomfortable decisions a landlord can make. Nobody wants to reduce their rental income. But at the…
Read MoreHow to Prepare Your Tenant for Property Showings Without Creating Conflict
Selling a rental property or preparing it for new tenants can be stressful—especially when the property is still occupied. As a landlord, you want prospective buyers or renters to see the property at its best. Your tenant, on the other hand, may be worried about their privacy, constant interruptions, or what the future holds for…
Read MoreHow Often Should You Inspect Your Rental Property in Ontario?
Owning a rental property is about more than collecting rent each month. It’s also about protecting your investment, maintaining a safe home for your tenants, and addressing small issues before they become expensive repairs. One of the best ways to do that is through regular property inspections. But many landlords in Ontario ask the same…
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