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Owning a rental property is a great way to earn passive income, but there’s nothing passive about managing it. In this competitive industry, you need to be on your toes. One way to stand out from other rental properties is to be on the lookout for renovations. You may be asking, why focus on performing renovations when your property is well maintained? Great question! Renovation is one of the top methods to increase your property value. It’s also a foolproof way to keep your rental property occupied so marketing is a breeze. It’s known that ren…

Attracting long-term tenants is a great way to strategize against market downturns. This means you’ll be able to earn steady returns, regardless of the economy’s state. Turnovers can be unsettling since you need to allocate your resources continuously. For example, if a tenant has left after staying for 3 months, then you need to advertise your rental again. Once you attract prospective tenants, you’ll also need to spend time checking their background. At Leenan Properties we are a property management company that understands how important it i…

Are you moving to Regina, Saskatchewan? If so, you way be wondering: What’s the best place to live in Regina? When moving, it’s important you make the right decision in terms of the neighborhood you choose. There are many factors you need to consider when choosing a neighborhood. Are you prioritizing security and safety? Do you want to live in one that’s close to schools, parks, and places of worship? To get a clear idea of what Regina offers, you need to explore all the different neighborhoods. Regina, the capital of Saskatchewan, is the 16th…

If you’re looking to grow your finances, investing in Saskatchewan real estate is a solid way to do so and generate passive income! However, before you invest in real estate and make that big purchase, it’s helpful to know if you’re getting a good deal. Investing in Regina or other areas of Saskatchewan real estate requires a big budget, so it would be wise to know what to look for. Here are some tips to consider when buying an investment property in Saskatchewan, Canada: 1. Check out the schools in the area. If your target demographic is fami…

Landlords in Saskatchewan have a right to ask their tenants for a security deposit. A security deposit is a refundable payment that helps landlords cushion themselves against potential financial damages resulting from a tenant’s negligence. Here are some common reasons landlords require a security deposit from their tenants: To mitigate against financial losses emanating from missed rent payments. Nonpayment of rent by a tenant is a serious violation of the lease agreement. Yet, it continues to be among the top lease violations. To help pa…