People who cannot afford to pay their mortgages or sell without taking a loss are increasingly putting their properties onto the heated rental market instead. Key points: House prices nationally have dropped nearly 9 per cent on average from their most recent peak Real estate agents are starting to see forced sellers who can no…
Rent Out Property
Choose the right property. Not all properties are created equal when it comes to renting them out. You’ll want to choose a property that is in a good location and that is well-maintained. This will help ensure that your tenants are happy and that they stay for a long time.
Tenants would be protected from big price hikes
New Hampshire cities and towns would be allowed to set their own rent controls on large developments — including limitations on how quickly rents could rise — under a bill proposed in the House this year. House Bill 95 would allow municipalities to cap the amount that certain landlords can increase rents and allow the…
What do we know about ‘stand-ins’ used by organized crime to sell homes without the owner’s knowledge
The same fraudulent driver’s license was used to rent two Toronto homes that organized crime tried to sell without the homeowner’s knowledge, according to a private investigator working on the case. One of the frauds was thwarted by the family of the home owner who figured out what was happening before the east end Toronto…
How To Postpone Taxes On Vacation Home Sales
Handing over the keys. getty Let’s say you are selling your vacation home, which you use for personal purposes and also rent out to third parties. A pretty common setup. If you buy a new vacation home, can you defer the recognition of your gain on the sale? If so, how? To find out, we…
How To Invest In Multifamily
owner of Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. getty Investing in multifamily properties may seem daunting, but it can be the key to growing your portfolio and earning more passive income. If you break it down into manageable steps, the process of buying your first multifamily property…
Rental registry debated at Halifax council
Halifax Regional Council is looking to launch a rental registry that would require property owners to register their rental units and buildings with the city. District 7 Halifax Regional Municipality (HRM) Councillor Waye Mason is all for it, citing safety. “We’ve had people jacking up buildings without a permit, putting in illegal basement suites, not…
Homeowners are encouraged to prepare for SVT declarations
People with residential properties in some areas with the highest demand in the province will soon receive their 2023 speculation and vacancy tax (SVT) declaration letter. Homeowners in the Metro Vancouver Regional District, the Capital Regional District, Abbotsford, the District of Mission, Chilliwack, Kelowna, West Kelowna, Nanaimo and the District of Lantzville will receive their…
FACT SHEET: The Biden-Harris Administration Announces New Actions to Protect Renters and Promote Rental Affordability
The administration also launched the Resident-Centered Housing Challenge, a call-to-action to improve the quality of life for renters Today, the Biden-Harris Administration is announcing new actions to increase fairness in the rental market and further principles of fair housing. These actions align with a new Blueprint for a Renters Bill of Rights that the Administration…
How to Rent Out a House (and Maximize Your Income)
Learning how to rent out a house often involves researching the market to define your price, familiarizing yourself with landlord-tenant law, preparing a lease agreement, and listing the house. These steps can help you use a house you own to earn some extra income. However, keep in mind that becoming a landlord may come with…
NS woman offers waterfront property in exchange for housing
HALIFAX – A Nova Scotia woman who describes herself as “land-rich but cash-poor” has a unique offer for housing developers: take her waterfront property and build affordable housing — including a unit for her. Janet Dermody, who owns a wooden parcel of land in Howie Centre, NS, outside Sydney, has put out a call to…