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Professional Rental Property Management


Professional Rental Property Management by a Local

Licenced Real Estate Brokerage

Michael J Preston, the Broker of Record at Lakeview Realty Inc., assures you of professional services you can trust. As a member of the Canadian Real Estate Association (CREA.ca), Lakeview Realty is bound by numerous regulations and guidelines that assure you as an investor of honesty and integrity as a client of Lakeview Property Management.

Screening and Managing Tenants

Your real estate investment hinges on having a good tenant in place. Vacancies can be a drag on your investment, and on your bottom line profits. We’ve screened thousands of tenants for two decades. We have the temperament and knowledge to manage tenants and set expectations for their use of your property. We also have the skills to deal with tenant issues from noise complainants to eviction notices.

Rent Collection and Basic Accounting

Month-to-month expenses and rental income are at the centre of your rental property. We ensure rent is collected and summarize your bills and invoices, so you know where you stand financially at all times.

Rent Collection

Rent collection can be very annoying and time-consuming. We stay on top of tenants & immediately follow up on any rent collection issues. We also allow tenants to pay electronically, which is convenient for everyone.

Bill Payment Services

Staying on top of paying property tax, utilities and repair bills can be time-consuming and frustrating. Especially, if you are on vacation or out of the country. Missed payments can result in late charges and credit risks. We make sure that the bills are paid on time.

At the end of the year, we will send you a year end summary of all the expenses by type. When tax preparation time occurs, you won’t have to collect all of your rental income invoices as all paid invoices will appear in your year end summary.

Property Management ServicesPhysical Property Maintenance

Inside or out we have the staff and experience to deal with any issues with the structure of your property. This includes general maintenance, lawn care, and prep for a new tenant.

We will respond to emergency repair calls from tenants, unplug toilets or to fix or replace broken appliances. We will tidy the yard in the spring, cut the grass in summer, shovel the snow in winter, rake the leaves in the fall, as well as clean out the eaves troughs and coordinate repairs to the physical structure of the building. We do all this so you don’t have to.

Remodeling and Renovation Services

Remodeling and renovating are a powerful means of transforming a rental property’s value and income potential. Our experienced renovation team has executed numerous projects from simple floor installations to complete make-overs. We have the skills and professional resources to successfully add real value to your property should you sell and to its current investment income.

Buying or Selling? Talk to Us First.

We live and breathe rental properties. We are rental property investors too. We know what makes a good investment property, and we can spot opportunities to buy or sell. Our full-service real estate brokerage, Lakeview Realty Inc., can guide you as to how to make the most of your property investment goals.

Always at Your Service

Trusting your rental property to Lakeview Property Management gives you the support of an experienced team of property management experts located in Orillia and the surrounding region.

Our Property Management Programs

Standard Program

Lakeview Property Management’s standard program gives you access to our full complement of property management services. From rent collection and bill payments and the support of our team, this option takes the hassle of property management out of your hands and provides a sound foundation for the management of your rental unit.

Customized Program

This program is of particular value if you have requirements that are out of the norm. Let’s talk about your specific needs and create a program that works for both of us.

Ready to get started? Got more questions?

Find out how we can help you. Just click the button below and fill out the form that appears or give us a call at 705-325-3600 (office) or 705-309-1747 (Michael Preston, President).

 

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Concerned Ontario Doctors – Care Not Cuts

Concerned Ontario Doctors

Dear Friends

I think it’s important if you’re not involved yet that we take a hard look at how both are provincial and Federal governments are driving our Doctors out of our health care system our province and our country.

We must come to the defence of our Doctors, our health care system and the truly small business corporations in our country.

Michael J Preston

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Please visit the CareNotCuts website to learn more and be sure to watch the video.

http://www.carenotcuts.ca/

 

 

 

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Survey of Ontario Doctors & Trainees: Burnout, Ongoing Healthcare Cuts & Proposed Federal Taxation Changes
An online survey of Ontario’s doctors and medical trainees (medical students and medical residents) was conducted by Concerned Ontario Doctors from September 4 to September 11, 2017 to understand the effects of the provincial unilateral healthcare cuts, proposed federal taxation changes and mistreatment by government. Respondents were also asked about the OMA; those results will be released independently next month.
There were two sets of respondents: practicing Ontario doctors (n=5162) and Ontario medical trainees (n=709). Margin of error: +/- 1.2 percentage points, 19 times out of 20 (Ontario doctors) and +/- 3.5 percentage points, 19 times out of 20 (Ontario medical trainees).
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Thinking Big in a Small Space

THINKING BIG IN SMALL SPACES
With a little help, you can still live large in a small space!

If you live in a small space, it’s important that you don’t feel boxed in.  The following tips will help transform your cramped quarters into something more expansive:

  1. Shady Solutions – Painting walls a soft shade and the ceiling bright white will give the illusion of added height.
  2. Is That a Door In Your Pocket? – Installing pocket doors is an easy and inexpensive way to create lots of extra useable space.
  3. Lighten Up – Keep window areas clear of heavy drapes to expand wall area and let the sun shine in as it helps a space feel larger.
  4. Mirror Mirror – Strategically placed mirrors will create the illusion of added space and they’ll also reflect light into adjoining rooms.
  5. Cut a Rug – Having the same type of flooring throughout your home will make it feel more spacious so avoid using too many area rugs.
  6. Hide & Seek – Maximize every hidden space you have by using shelving pockets behind doors or bed risers for that all important under the bed storage.
  7. Cut the Clutter – Have a place for everything so that the surfaces in your home don’t get cluttered.  Storage baskets for example are great for hiding remotes & magazines.
  8. Open Up – Arrange your furniture so you can see as much of the floor as possible.  Rooms with blocked views can feel cramped so move furniture away from entrances.

Whether you’re getting ready to put your home on the market or you just want to create more space for yourself, these easy and inexpensive tips will help give you a little extra breathing room.  By thinking big and getting creative, you can comfortably live large in even the smallest of spaces.

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Waterfront and residential sales slow to more average levels.

Residential non-waterfront sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 206 units in July 2017.  This was down 14.9% from year-ago levels.

On a year-to-date basis, residential non-waterfront sales were still running 7% above the first seven months of 2016.  This was a record for the period.

Sales of waterfront properties came in 29% below last July.  On a year-to-date basis, waterfront sales were down 9.9% from the first seven months of 2016.  This was still the second highest level on record for this period.

“Sales have slowed noticeably this summer, going from record levels in the spring back to historically more average levels in the space of just two months,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®.  “That said, inventories in Cottage Country remain near record lows so the market is still very tight even with a number of buyers having moved to the sidelines this summer.”

The median price for residential non-waterfront property sales was $282,250 in July 2017, an increase of 5.1% from July 2016.  The median price for waterfront sales was a record $500,000 in July 2017, rising 25% from July 2016.

The dollar value of all residential non-waterfront sales in July 2017 totalled $62.5 million, falling 9.3% from July 2016.  The total value of waterfront sales was $155.4 million, edging up 0.2% from July 2016.  This was also a record for the month of July.

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Bank of Canada Raises Interest Rate in September 2017

Interest rate hikeBank of Canada increased the overnight interest rate target to 1 percent on September 6, 2017. The Bank Rate is thus adjusted to  1-1/4 percent and the deposit rate is 3/4 percent.

Stating that the Candian economics are strong and consumer spending remains robust, the interest rate increase was seen as warranted however individual segments will be monitored closely.

The press release from the Bank of Canada paints a strong economy on several fronts including a stable, lower inflation rate at about 2%, growing exports, a cooling housing market back to a manageable level, and continued solid income and employment growth.

Read the full Bank of Canada interest rate press release 

 

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Canadians facing ‘increased borrowing power’ with real estate: study

BY TORONTO SUN

FIRST POSTED IN TORONTO SUN: | UPDATED: 

For Sale - Toronto SunHigher incomes and lower interest rates have allowed Canadians to take on larger mortgages during recent years, a new study found.

Those factors have also pushed the price of homes through the roof, according to the Fraser Institute report.

“Increased borrowing power — brought about by falling interest rates and rising incomes — is potentially the most overlooked and least understood factor influencing home prices across Canada,” said Niels Veldhuis, president of the Fraser Institute.

The study — Interest Rates and Mortgage Borrowing Power in Canada — says that between 2000 and 2016, interest rates dropped from 7% to 2.7%.

During that 15-year period, the lower interest rates … more

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Bank of Canada raised interest rates 1/4%

Bank of CanadaFor the first time in seven years, the Bank of Canada announced that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year.

Read summary provided by a local mortgage broker, Mark Goode of Dominion Lending Centre.

 Michael J Preston, please email me questions or your comments.