Make a Fortune with Real Estate

The success of real estate relies on one simple rule that is - buy property and watch it rising up in value. These properties consist of buildings and lands, as well as natural resources such as plants, water, and minerals, some immovable assets of this nature and houses in general.  In the real estate business selling, purchasing and renting of lands, buildings are done.  For buying or selling a property, there are many rental companies who are helping those who don’t have time for searching a property. These companies provide homes or apartment for rent in different locations. Before going ahead, some important things are described here.

Types of Real Estate:

Residential.

Residential properties are for single or joint families, not for business purpose. There are different types of housing tenure and the house or apartment can be described in square feet or meters. But in some countries, the area of living is not included in the area of garage.

Real Estate investment.

The investment in the real estate is a great business. Some businessman buys many properties like land, apartments, and houses for generating income and after buying, sell them out. While some investors purchase property for renting. These kinds of investor do the rental property businesses.

Commercial.

Commercial properties are designed for the business purpose. These properties include restaurants, parks, malls, offices, gas stations and convenience stores.

Industrial.

This kind of rental property is used only for industrial work. The industrial property is for small or big businesses and in all the shapes or size. Small industries have flexible interior space. Large industries include factories that are designed to store goods and manufactures.

The real estate agents need to familiar with their locality, reasons to increase or decrease property price. For example, if a brand new airport or street is to be built, this can boom the charge of nearby houses. Similarly, improvement of a place can enhance charges. The agents must be aware of recent sale or rental price of the property.

Circl hires real estate agents for helping those persons who don’t have time to search a rental property. We provide Residential properties like apartment, condos, basement and house for rent. At CIRCL, users go through a strict tenant verification process to prove their credibility. And our real estate agents will help you in selling, buying or renting commercial or industrial properties.

Pros and cons of Renting an Apartment Vs. Owning a Home

A Lifelong goal of many citizens is to achieve the homeownership. While many people want to buy their own home, there are some people who don’t want to buy the home they would like to live in renting homes.

Since many years, families are either needed to build their own homes or rent a home from someone else. While both renting and buying homes or apartment have their own financial advantage, renting apartment does appear to have an edge when the economy is poor.

There are many financial benefits when you rent or buy your own house.  Here are some advantages and disadvantages of renting and buying a house for rent.

Pros of Renting

• No Responsibility for Maintenance or Repairs

As a tenant, you are not responsible for repair or home maintenance cost. If any of appliances is out of order, you don’t have to call the repair person- you just have to call your landlord they will repair all the appliances.

• Relocating Is Easier.

When you live on a rent then relocating is easier and potentially less costly. Therefore renter easily changes jobs often typically rent until their professional lives stabilize.

Cons of Renting

• No Federal Tax Benefits

While a landlord can deduct property taxes and income tax returns, tenant is not eligible for any housing related tax credit or deduction.

• Limited Housing Security

Many landlords are assigning a lease agreement. Some landlord gives the housing security to the tenant and some will not give any kind of security, these securities are written in the agreement.

Pros of Buying

• Building Equity Over Time

Owning a house offers the long-term benefits of security, equity and potential growth in personal wealth.

• Federal Tax Deductions

Itemizing your federal earnings taxes can deduct your own home taxes and the interest paid on your mortgage, reducing your total income tax burden. This certainly advantages those in bigger tax brackets.

• Potential for Rental Income

Although initially, you don’t think of your home as an investment property, which you can turn it right into a source of income. This can partly or completely offset your tax and insurance payments on it.

Cons of Buying

• Responsibility for Maintenance and Repairs

As a landlord, you are responsible for covering all the cost of maintenance and repairs. Some landlords also take a responsibility of security.

• Potential for Financial Loss

Some property rates had decreased after some time of purchasing a house. So these landlords have to face financial losses.

Ultimately, the decision whether to rent or to own a property is not just financial – it’s also emotional. Still, if you are looking to rent your home or apartment? Visit CIRCL a Toronto-based rental apartment Company who offer services for all your rental management needs and alerts about similar rental properties.

5 Great Reasons to Rent a Room to International Students

According to Open Doors reports, in the last academic year, the number of international college students studying in the United State has been increased.  Colleges and universities are courting more foreign students because they provide worldwide perspectives in the classroom and on campus –which helps the domestic students for increasing globalized economy.

We only point to these benefits that schools are enjoying but you could experience the same ones by opening the doors of your home to this growing international student population. Instead of cross-cultural discussions in the classroom, you could have one-on-one discussion with a student, at say, the dinner or lunch table, gaining a new perspective on international affairs. CIRCL is a trusted rental platform in Canada where students can find the best apartments, houses and basements for rent within a budget.  We also provide you with exposure and offer services for all your rental management needs.

Here are some reasons to rent rooms to international students.

You can learn about another culture: 

The cross-cultural exchanges when you live with an international student. Many students are from different cultures so you may learn many languages and cultures. Maybe it’s an international story headlining your newspaper that becomes an intellectual conversation over breakfast. 

 You can learn a new language:

Increase your brainpower! Learning a new language can help you in sharpening your memory, and even improve decision-making. Learning a new language can also help you in conversation with your housemate.

Teach a new language:

Your roommate has probably known English as well as other languages. They can help you in studying different languages. Your roomie can help you in exams for better preparation after knowing the other language.

Develop lifelong friendships:

Living with someone creates a special bond and can lead a lifelong friendship. Nowadays, it’s easier to stay in touch with friends with the use of social media and email. So when they move around the world, you can contact them easily by the use of technology. 

Earn some extra money: 

If you own home near a college or university and there are extra bedrooms in your home, you can rent it out and earn some money. In Canada, there are many popular universities for example University of Toronto, McGill University, and University of British Columbia etc. And student wants to stay nearby these areas.

Hope this article help you understand why renting to international students is beneficial. You can also take benefit of screening tenants using our Verified Profiles feature. Visit here for Tenant Verification service.

How to Choose a Real Estate Agent in Toronto

                     

Today, most of the people hire a real estate company when buying or selling a home. Although, hiring a real-estate agent is no easy step, and you will want to be sure the person you choose is the right fit for you. The first thing you have to know that the real estate agent in Ontario must be registered with the Real Estate Council of Ontario (RECO). RECO oversees brokers and salespeople and ensures they comply with the laws and regulations that govern real-estate transactions.

With over thousands of real estate agents in Canada, selecting an idea one is very tough. Take some advice from friends, relatives and neighbors for choosing a right agent. Whether you want to buy or sell your home, the real estate agent will help you in both ways. The room rental service company hires a real estate agent who will help you in everything you need, so you must contact them for the best deal.
Here are 5 ways to find a right real estate agent:

1- Choose a Full-Time Real Estate Agent:
When selling or buying a house or condo, you have to ensure that the agent you choose, who suits you. A large number of realtors works full time in real estate; they usually have a broader network.

2- Verify experience:
When you are searching a real estate agent in Toronto, you want to find an experienced agent. Look at their actual deal history and ask how many homes they have sold. You also have to be ensuring that the realtor you hire is a good negotiator.

3- Know the area well:
Your agent needs to know your area well in order to have the best handle on selling your home. Visit along with an agent and ask questions about neighborhoods. If the agent lives in a city, then he can easily handle how to sell or buy homes and condos.

4- Sells properties at your price point:
The agents commonly sell properties in similar price range. So your agent has right contacts and referrals for people who are interested in a property like yours.

5- Network strength:
In comparison to the other agents the best agent has a strong network for buying and selling homes. The best agent will help you in selling your home at best price rate.

Circlapp.com is the leading room finder company located in the city of Toronto. Find affordable rooms for rent at CIRCL at reasonable prices.

For more details you can also read this article:
http://torontorentalrooms.blogspot.in/2016/10/5-tips-for-finding-best-property-for.html

Tips for Turning Your Home into a Rental Property

Nowadays, people who live in a town-home wants to move out to a better place so that they can enjoy a luxurious life and they start looking to buy a bigger house. But they don’t want to sell out their current property. Therefore they are looking to rent out the old home.

If you have decided to rent out your home, start your search for hiring real estate agents and property management companies who has experience in rental properties. A property management company can help you find the right tenants for you. If you are going to make your home an investment property then check all the repairmen work of your home.

In this article, we will give you some tips about turning your home into a rental property. The CIRCL will provide all the services of rental property.

1.Research the Rent

Firstly ask the nearby people or renters how much rent is going on. You can assume and research about the current rental rates in that particular area. In some area, the going rent is less than what it costs to own a home. In that case, you can consult with property Management Company who will help you. If you don’t have time so hire real estate agent for renting your property.

2.Estimate the Ownership Cost

Once you know how much rent you could charge for your home, subtract your operating costs. These include all the expenses of owning and managing an investment property. Make an estimate on a landlord’s insurance policy because bad tenants can destroy your home and can be a huge liability if something goes wrong.

3. Consider Using a Property Manager

Always consider a property management within budget because they charge about 10% to 15% of the rent. A good property manager will screen tenants, get estimates for repairs, execute leases, and take annoying late-night emergency maintenance calls.

4. Review Your Existing Mortgage

Some mortgages do not allow you to convert your residence into an investment property without paying a penalty.  They may require a waiting period before you can rent out the property.

5. Repairs and Upgrades

Remember that if you are selling your property, anything you repair or upgrade adds value to the home and makes it more appealing to those who are comparing your rental property to others. Make sure it is clean, freshly painted, and anything that looks severely outdated should be replaced providing the cost isn't outlandish.

CIRCL is the leading rental property management company placed in Toronto who will help you find perfect tenants for your own house. It also offers room rental services in all parts of Canada. For more information visit here: http://alexbrown123.tumblr.com/post/152369146994/top-10-features-of-a-profitable-rental-property