Tips for Landlords

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Adrian Trott

Adrian Trott is the co-founder of The Kormendy Trott Team and Renti, a residential property management company. With a reputation for innovative strategies and exceptional client service, Adrian has helped transform the real estate and property management experience for homeowners, tenants, and investors. Outside of work, Adrian is a tech enthusiast, fitness advocate, and family man dedicated to finding creative solutions for every challenge in the real estate world.

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Tips for Landlords

Are you a Landlord, or are you thinking about becoming a Landlord? Well, we’ve got a great tip that will save you time and money!

When helping landlords, we occasionally suggest taking an approach where they price their lease slightly below market value. There are a couple of benefits to doing this. First of all, you get a lot more interest in the property and when you have more interest, that means you’ve got more people to choose from. You are then able to filter through them to find the perfect tenant. The other benefit is that you’ll get someone in there quicker, which means you’re generating income sooner.

As an example, if a home like yours were to rent for $1,800/month, you may want to list it for $1,775 or even $1,750 to ensure it gets leased right away. If you were to list the property for $1800 and the property stays on the market for just 30 days, that’s one month of income lost. Now, take that $1,800 and break it down monthly, it would be $150 dollars a month that you’ve lost, netting you $1,650 instead of $1,750 or $1,775.

If you’re in the market of renting a property and have more questions or would like assistance, feel free to send us an email at [email protected] or call us directly at 1-800-617-0090.

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1. Visitor Etiquette: All visitors are required to maintain a respectful and safe environment in our client’s property by adhering to the following etiquette guidelines unless otherwise directed by a representative of The KT Team:

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KT Realty
229 – 336 Bronte Street South
Milton ON L9T 7W6
[email protected]
1 (800) 617-0090

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