3 Important Tips for Tenants Looking for Homes This Spring

Posted on March 9, 2020 by pmtadmin

While we love all seasons at Property Management Toronto, we particularly like spring. After a long and cold winter, the first new season of the year is a welcome change in Toronto. Not only does the pleasantness of the warmer temperatures allow us to lock away our winter gear, but it also makes the rental market more active.

At Property Management Toronto, we have over 25 years of experience in real estate. We specialize in townhomes, homes, and condos and help property owners establish and grow the capital and rental income of their investment property. From real estate management to buying and selling, we’re a one-stop-shop that manages multiple needs.

You can contact us to get started for professional and effective help with your property management needs. You can set up a time to speak with us or simply meet us in person to learn more about how we can help manage your property.

We also help A+ tenants find A+ properties to live in. Tenants looking to rent a unit in a condominium can look at our Toronto apartment rentals for a list of some of the most attractive properties in the city. Many of the units listed on our website feature excellent amenities and are located near great facilities.

As the premier Toronto house rental agency – we also offer many attractive houses in a variety of locations. If you’re a parent interested in renting a good home for your family in a nice neighbourhood near top schools, then use our platform to find what you’re looking for.

From our experience and expertise, we know that winter can be slower for the rental market. Many tenants prefer to look for homes in warmer weather, while some landlords wait for the winter to end to perform maintenance and upgrades to their vacant properties. Here are some important tips for tenants interested in taking advantage of the rental market this spring:

#1 Don’t Wait for Summer 

Many tenants wait to find a rental property until the summer because they believe that according to conventional wisdom, summer is the best time to find a home. While you can certainly find a great rental home in any season, the rental market can be more competitive in the summer with supply falling behind demand.  

Studies suggest that demand for rental housing hits its peak in June, July, and August for the following reasons:

  • Many people start jobs in the summer and are looking for places to live
  • Students want to rent homes right before the start of the fall school season in September
  • Immigrants and newcomers move to big cities like Toronto in the summer to avoid the challenges of acclimatizing to a new country in the winter
  • It’s easier to move in the warmer climate of summer
  • Many property owners offer short-term rentals in the summer

Aside from less competition, you may also find lower rental rates in the spring than in the summer. The cost of moving can also be lower in the spring. Moreover, moving companies can also be harder to book in the busy summer seasons.  

For these reasons and more, if you don’t have to wait, it’s advisable to start looking for a new place in spring rather than summer.

#2 Use the Right Channels

When looking for a home to rent this spring, use the right rental channels. Outdated options such as newspaper classifieds aren’t an efficient way to find a rental home. By the time you see a listing you like, it may already be rented out. Likewise, there are many real estate ages in Toronto due to the nature of the housing market, but not all of them have the experience to meet your needs.

Instead, use our services to find your dream home in a location you want at a price that suits your budget. Our listings are highly detailed so that you don’t waste precious time browsing listings. Using the map feature, you can locate a rental property close to the schools, jobs, parks, businesses, eateries, or entertainment venues you’re looking for. Through our high-quality photographs, you can also get a good look at your potential future home. In the listing, you can see further essential information such as the number of bedrooms, bathrooms, lockers, parking, walk score, and more. Our listings also offer details about the amenities such as fridge, stove, dishwasher, washer, dryer and possible furnishings.   

You can always request more information about the property on the listing page. One of the biggest advantages of renting a home through Property Management Toronto is that we offer 24/7 maintenance support. When you rent through us, you don’t have to worry about communicating with your landlord for help. We’re available at all hours, every day of the week, to provide support to tenants and landlords.

There are other advantages to renting a property through Property Management Toronto. Not only do we provide professional, prompt and courteous service, but we can help renters get preferred pricing with tenant insurance. Our tenants also receive a discounted introductory rate with Hello Fresh as part of our special offer.

Our excellent customer service is one of the reasons why we have many five-star Google reviews. Whether you’re a landlord, tenant, or investor, we commit to provide you with unmatched customer service.

#3 Stay Prepared

While the competition for rental homes can be lower in the spring than in the summer, it’s important to be prepared before you go house hunting. Have all your documents ready to avoid disappointment. Most landlords will rent out to the first A+ candidate that sends a complete application to avoid vacancy.

Start by knowing how much notice you need to give your current landlord and plan your move accordingly. Remember, you can’t leave your rental unit before the tenancy agreement ends without repercussions. If your lease has ended and you’re on a month-to-month tenancy, then you may can out after giving 60 days’ notice. It’s always good to know your rights and obligations.

Next, download your credit report from Equifax to get an idea of your credit score. The healthier your credit score, the better your chances of renting an A+ property. Get other documents ready such as a letter from your employer to prove your employment status and reference letters. At Property Management Toronto, we believe that a healthy relationship between a landlord and their tenant is a sign of a great tenancy. A reference from your previous landlord can help you rent a home in Toronto’s competitive market.

By being prepared, proactive, and finding the right property management company, as an A+ tenant you can find the right home this spring. Whether you’re a property owner or a tenant, you can use our services to help you with your goals.