Blog

Limiting your property vacancies is essential if you want your rental property to be profitable and produce a steady income. To ensure you can fill a vacancy as soon as possible, you have to advertise your property and attract new tenants. You don’t want your property sitting vacant while others in the neighbourhood are rented out. Marketing your property can be difficult, which is why Leenan Property Management has put together this guide to help property owners learn about common marketing mistakes they might not even know they’re making when…

Ideally, when tenants move out of a rental property, the property should be in the same condition as when they moved in. However, this is not always the case—after all, landlords can’t force tenants to regularly clean or maintain the property while they are staying in the rental home. After a tenant moves out of a rental, disagreements about end of tenancy cleaning often arise. Some landlords deduct the cleaning costs from the tenant's security deposit, especially if the property is left so filthy that only a professional deep-cleaning procedur…

Like many emergency maintenance issues, hidden water leaks are difficult to detect and diagnose. Often, the signs won't be visible right away. When you suspect water leakage in your investment property, it's important to find the source of the leak as soon as possible. You'll most likely need to call a plumber or a property restoration business to uncover and diagnose the problem. Water damage appears in a variety of forms. It might be anything from a leaking pipe that allows mold to grow, to a full-fledged flood that destroys your home and b…

While rental properties are a great source of income, preventing and fixing property damage can cause landlords a lot of stress. Normal wear and tear is inevitable when renting out your property. However, sometimes tenants cause property damage that costs landlords time and money. As a landlord, it’s necessary to minimize the likelihood of tenants damaging your investment property. Here are seven practical tips for preventing tenant property damage. Screen Your Tenants Carefully Rental property owners want their rental units to be occupied. Aft…

Investing in real estate is a smart way to generate income and grow your savings. As a landlord, you can earn passive revenue from short and long-term rentals and then reap tax benefits. So, if you consider renting out your property now, it will allow the value of your property to compound over time. Giving you considerable value when you decide to sell. It is important to visualize what you want to do with your rental property to turn it into a good investment. With the right strategy, your rental property can become a thriving business. But…