https://www.realty.truewealthadvisors.ca/tag/rental-property-owners/ Recent content in rental-property-owners on True Wealth Advisors Hugo -- gohugo.io en-ca Thu, 12 Oct 2023 14:33:32 +0000 https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Thu, 12 Oct 2023 14:33:32 +0000 https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Vetting A Prospective Tenant for Your Rental Property Introduction: Renting out a property can be a lucrative venture, but it comes with its fair share of challenges, especially when it comes to selecting the right tenants. Vetting your prospective tenants thoroughly is crucial to ensure a smooth and successful landlord-tenant relationship. In this blog post, we’ll explore the essential steps and considerations for effectively vetting potential renters. Verify Employment and Income https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Thu, 11 May 2023 14:28:09 +0000 https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Legal Ownership Vs. Beneficial Ownership. What’s The Difference And Why Is It Important? In a previous article, I talked about joint ownership in non-spouse situations, the two most common types of joint ownership, and why it’s crucial for investors to know and understand the differences. In this article, I’m going to address the difference between legal ownership and beneficial ownership because not understanding those two terms can lead to potential landmine issues when it comes to estate planning for joint owners of a property. https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Tue, 25 Apr 2023 14:25:11 +0000 https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Joint Ownership And Owning Real Estate Property In Non-Spouse Situations When it comes to owning real estate property, there are different ownership options available. Joint ownership, also known as co-ownership, is one of the most popular ways of owning real estate property. Joint ownership allows two or more individuals to share ownership of a property, and it is not limited to spouses alone. Joint ownership can be between any two or more individuals, such as family members, friends, business partners, or even strangers.