Tag: 360

As a property manager you are always looking for new investment opportunities. In the GTA, buying a property; be it a house or a condo, is just one of the many assets to consider. Condominiums have rapidly become a booming investment in the Canadian economy due to their profit margins. A condo is flexible, and...

Whether you are working in a sky high office tower or living in a rented walk-up apartment, you probably have a property manager and a facility manager. Both are crucial to the operations of the building as they are tasked to care for the building; however their responsibilities and roles do differ. Simply, a facility...

As property prices continue to rise in Toronto, the city has seen an influx of people moving into affordable condos. Offering great locations for both small families and individuals, condo living brings great benefits, including amenities such as fitness centres and swimming pools and  added services like security and facility repairs. However, with the benefits...

Are you a prospective landlord and/or property owner looking to rent out your property? While renting out real estate may seem like an easy investment in hindsight, it’s important to understand that the role of a landlord comes with a great deal of responsibility, liability, and authority, too. Whether you’re thinking about renting out several...

Owning a condo offers many benefits that make it a rewarding investment, but the tenant selection process is not one of them. Often, it’s the most time consuming aspect of owning and managing a condo, as you want to ensure a thorough inspection that will provide you with tenants you can trust. Investing in affordable...

With the passing of bill 106, the Protecting Condominium Owners Act, condo property management companies have responded by seeking more efficient methods of managing both condo and commercial properties. Anything that can be done electronically, will be, to make management companies the easiest, and most efficient option for condo owners. The liberties granted to condo...

Ontario’s new approach to condo directors’ responsibility creates a world of liberty for Toronto owners. However, this new autonomous strategy to condo management can lead to an accumulation of time consuming, costly conflicts that many condo owners didn’t necessarily sign up for. Is it really enough to simply take a three-hour online starter course to...

In our last post we talked about the new rules established on September 1, 2017 in Ontario, involving the eviction of tenants for personal use of a condo unit. In this post we will discuss the new rules from the view of the tenant and the landlord. For fair and lawful condo property management services...

New rules regarding tenant evictions in condominiums have come into place in Ontario as of September 1, 2017. All landlords and property managers must adhere to stricter rules involving the eviction of a tenant; failing to do so can result in fines of up to $25,000. These new rules are  a part of the Ontario...

With the hot real estate market in Toronto right now, buying a condominium is an ideal investment and a great way to earn some extra income in Toronto, but being a landlord is no easy task. That’s why you need Mareka Property Management, one of the most trusted and established condo property management companies in...