Starting an Apartment Rental Business

Now a days, many people are looking for a steady source of income with minimum time spend. In rental market business, there are many competitors in the market. If you want to start a reliable source of income from rental business, then renting an apartment is one of the great ways. In this business, there is no requirement of big upfront capital, therefore anyone can start this kind of business. With a lot of creativity and good business sense, you can generate more income from the rental business.

Here are few things you should keep in mind before starting a rental business.

1. Capital

The capital cost is a hindrance for this kind of business. Capital is necessary for buying the land and buildings. If you don’t have enough capital to invest in business, you can borrow some money from your friend or you can take a loan from the bank.

2. Property 

An adequate piece of land accessible to transport would be a great plus. Choose property nearby schools and public transport. Some properties cost higher in particular locations, where demand is high. Property prices are driven by the type of neighborhood, so choose your rental properly carefully. Before purchasing land, make sure the owner is legal. 

3.  Design

When it comes to the interior design of an apartment, there are many choices in rental apartments. If the property is multi-story, the cost of the property is too high than a single story. Before buying the property, make sure that property has a clean title.

4. Permitting

Once the capital is available and you have the property on which the construction may be built, the real creation is in which the actual work begins. Make sure that all necessary authorities allowed are received from respective authorities. Constructing includes, clearances and different required documents which need to be reachable to keep away from any inconveniences later on.

5.  Maintenance of the property

Part of a rental apartment owner's responsibility is to maintain the property regularly to ensure that it will last longer. Never ignore complaints of the tenant. Some problems are common which include leakage, drains, wall cracks and electricity problems. 

CIRCL is the well-recognized reputed rental agency in Toronto, which provides luxurious apartments for rent. From the start of your rental search to the end of your lease, they will ensure a smooth, easy rental process.  

Benefits of Vacation Condos for Rent

Nowadays vacation rental condos have become popular in travelers, tourists. and businessman. These condos are available in different size and shapes according to the need of different people. The condos are famous for its space, amenities. and authenticity. The vacation rental condos are popular with uncountable benefits. 

There are lots of lavish rental condos in Canada. The rental services company provides you airy, comfortable and luxury condos with all the facilities. If you are looking for a Beachfront rental condo, the rental companies provide you that condo for rent. Here we will uncover the some of the benefits of vacation condos for rent:

Location: 

Most of the rental condos are situated in the posh location. The vacation condos are close to the basic amenities like shopping malls, restaurants.  The vacation condos are places near to beach or mountain location that attracts tourist.  

Amenities

Vacation condos for rent are fully furnished with colored TV, hot &cold shower, cable programming and air conditioning. The kitchen is also available in condos with different kind of amenities like refrigerator, electric stove and safety box. In vacation condos, you will also get some other facilities like privet parking, 24 hours standby generator, or tennis court. The laundry and free high speed internet facility are also available in these rental condos. 

Cost

If you are traveling with a large number of people then hotels rooms are quite costly for you. The rental condos are the great option if you are travelling with 6-8 people. In rental condos, you can cook your favorite food in the kitchen and enjoy the home made food with family & friends. 

Privacy

The rental condos provide privacy more than hotel rooms. Some vacation condos also have private balconies or entrances. These condos also have private pool facilities. 

Service and Management

Some management company usually provides rental condos for vacation and ensure the vacationers have pleasant stay. This kind of management has many suggestions for activities and entertainment that outsider hasn’t know.

Pets Welcome:

Sometimes you have to travel with your pets but hotels will not allow pets but some rental condo does.

Security:

Many condos offer a high level of security. While all condos will have in-room safes, leaving your laptop, sunglasses, iPod or wallet around the villa is usually not a problem.

Circl will help you finding vacation rental condos in Canada, and in other great locations with all the amenities and even provide home maintenance services. 

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

Apartment Hunting Tips for Renters

Hunting for an apartment is a tiresome task. It’s a competitive market with so many options as thousands of other tenants searching for the same places as you. To save their time, people search apartments on the internet, so that they can contact to rental companies or agents easily. The rental Services Company will provide apartment within your price range. Once you find the rental place in your estimated budget, you can sign the deal agreeing to the lease terms and conditions. If you are new in the city and do not have any idea about the city so you can hire a real estate agent for searching an apartment of your own desires.

Here are some tips for hunting apartment for renter-

1. Narrow your search:

Focus on your favorite neighborhood, but be smart about it. Check the nearby community, shops, transports and so on. If you are new in the city so spend some time with neighbors and walking around nearby locations and consult to a rental services company.

2. Identify your top three priorities:

Make the budget on one of your top three priorities; the priorities are: great natural light, proximity to work or school, or a washer dryer in the unity. If you will not get the top three priorities, make a list of everything you want and cross things off one by one until you are left with your most important priorities.

3. Have your ducks in a row:

Be prepared to fill out application paperwork, sign a lease before attending that first open house. Bring all the information you need to fill out a rental application that contains contact information for employer, present and past landlords etc.

4. Uncover hidden costs: 

Know about the other hidden costs beyond the rent that may not be written in agreement papers. Few things to consider are: maintenance cost of apartments, the fee of building amenities or for parking, which utilities are included and so on.

5. Rely on your senses:

When visiting an apartment, make sure you notice odd smells and noises, which creates a problem when you move in. Natural light, or a lack thereof, can make all the difference in the world, so try to attend a daytime open house rather than looking at the apartment after work.

The CIRCL will provide you a rental apartment, houses and condos for rent in reasonable prices. If you want to switch city, the CIRCL will provide services in these cities Ottawa, Toronto, Vancouver, Calgary, Montreal, Edmonton and other GTA areas.