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Rentals Management

Rental Management

TENANT SELECTION

One of the biggest mistakes you can make is leasing your condo, home, townhome to the wrong person. In Ontario, every tenant has many rights under the Landlord and Tenant Board. The Landlord and Tenant Board heavily leans towards the side of the tenant and places many limitations on what a landlord can do in the event that their tenant does not pay rent. Due diligence is very important in Tenant selection and I always perform credit checks on potential Tenants prior to Rental approval.

LEASING & TENANT PLACEMENT

When working with SPM, Nicholas Sider CPA, CGA is a leasing agent as well as a property manager for your property. Nicholas Sider CPA, CGA is also a certified Real Estate Agent, licenced by RECO, RECO Licence Number 5010788. The benefits of this is that all listings will be placed on the MLS and Realtor.ca. As a result, your listing will be viewed by thousands of other agents and their clients.

RENT COLLECTION

Timely and effective rent collection is key when it comes to property management. Nothing affects your cash flow more than late or missing rent payments. If a payment is not received on the 1st of the month, N4 notices are sent to the tenants the following business day.

MAINTENANCE

Property maintenance is a necessary expense in owning any rental property. Lack of proper maintenance can greatly impact both your rental income and the final listing price when you decide to sell. At SPM, I can manage your repair in a timely manner.

COMMUNICATION

One of SPM’s objectives throughout all facets of its business is positive and timely communication. In this industry, we often deal with issues and tasks that require immediate attention. Owners and/or Tenants will always be informed in swift and clear communication, no matter the issue at hand.

EVICTIONS

One of the most concerning issues in the rental market today is “problem tenants” or “professional tenants”. These individuals or couples are tenants that have stellar credit scores and high earnings but, for whatever reason, decide not to pay rent once they move into your property. Due to backlogs at the Landlord and Tenant Board, as well as new regulations, removing said tenants can take upwards of 2-6 months.

ACCOUNTING

Timely and accurate accounting is very important whether you have one investment property or many. Accounting, Bookkeeping, Budgeting and Financial reporting are services provided to large Rental Investments. You know you’re in good hands, Nicholas Sider is a CPA in good standing and over 25 years experience and will oversee all aspects of financial reporting.


Not only should you screen tenants property, you should try to follow up with them at least once a month to ensure their financial position is secure.

How you decide to execute your rental strategy is entirely up to you. But there are a number of other factors to consider depending on your current circumstances and where you want to be in the next few years. If you are still hesitating what rental strategy to choose, give us a call.

2 Comments

Jane Doe

The topic you describe here is really important. I think it may be useful and interesting to many beginners in this sphere.

Nicholas Sider

Thank you for your opinion! I'm glad that you found this article interesting, and I hope to continue this topic in further posts.

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