Blog

Apr
04
2017

In this post, we are reviewing expenses that as a landlord you can & cannot claim against your rental income. These are guidelines from http://cra-arc.gc.ca Current and Capital Expenses Difference Between Current and Capital Expenses: You can deduct any reasonable expenses you incur to earn a rental income . The two basic types of expenses are current expenses and capital expenses. Current Expenses: Current or operating expenses are recurring...
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Mar
03
2017

Are annual property inspections on my rental units really necessary? Yes, if you want to know the condition of your property while your tenant is living there, it is definitely advisable to conduct property inspections from time to time. At Fortune Property Management Group, we recommend conducting a detailed inspection once a year. Our goals as your property management company is to find great tenants for your property, create...
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Feb
02
2017

Is it as hard as finding a needle in a haystack? The short answer to this question is: no. While we have all heard horror stories of real, nightmare tenants who have squatted, refused to pay rent or maliciously damaged property, in reality, there are many more loyal and respectful long-term tenants out there, versus the so called “bad” tenants. As a landlord however, you of course want to...
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