General Archives - Page 6 of 10 - Visture Property Group

Rent Increase During Covid

2 September, 2020

One of the most common landlord questions is “Should I raise my rent?”. There are a few things you need to consider before increasing it.

At Visture Property Group, we do not increase the rent until the next tenant turnover. Unless the rent is significantly under the market value. But, if it’s on the market value, we prefer longer tenancy rather than a tenant turnover every single year.

WHY?

Folks, tenant turnover is expensive. Not only that you have a risk of being vacant but the risk of advertising is there as well. It can costs $200 up to $400 for advertising to fill an apartment. The risk of being vacant in a month can costs you more than the monthly rent of your property.

Visture Property Management is here to help you realize that the risk is not worth it. Advertising costs are way higher than the 2% rent increase you’re going to get.

Remember to increase your rent if it’s below the market value, folks!

Introducing the Leasing Robot

28 August, 2020

LIVE EVENT: On Sept 17 @ 8pm ET come learn how this breakthrough technology can save property managers and landlords 3 hours per day on average! https://remi360online.com/LeasingBot

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Take a minute to imagine the perfect leasing process. You generate an inquiry to a property, have a phone conversation to position the new lead, have the potential tenant apply, review the application and, if approved, you book a showing. Next, you will conduct your showing, close the deal, get the lease signed and receive your deposit.

If this is how every lease worked, you would be walking on cloud nine. Unfortunately, we are all too familiar with the common trouble spots that end up jamming the gears of the leasing process. Those main issues are:

Hours and hours of chasing people to book a call
Not properly positioning the property from the start
Time wasted simply chasing applications
Hours lost to repeated booked showings
The admin notices

These five time-wasters are what used to interrupt the leasing workflow time and time again — but no more.

Introducing an all-new automated leasing program with remiOnline!

The team at remi360 Marketing Solutions have built what they call ‘remiOnline,’ an all-in-one marketing powerhouse built to compile every last leasing tool you need into one system, streamlining the leasing process and saving you valuable time. When it comes to leasing, the remiOnline system acts as what we at Visture Property Management Peterborough like to call a Leasing Robot. A Leasing Robot describes any system that will automate the vast majority of the leasing process while also accepting input from the user for better customizability.

Let us give you an example. The remiOnline system reflects any user’s unique sales process, or their ‘pipeline.’ Through triggers, the system can automatically adjust your leads along your pipeline depending on what stage they should be at. Say a potential tenant has booked a call with you through remiOnline’s custom forms — the system knows to generate that booking in your calendar, notify you of the booking, generate this new lead in your remiOnline contacts, as well as place this new lead in your pipeline allowing you to receive that crucial business data the moment it adjusts.

Various leads have been automatically placed inside two stages of this pipeline, ‘Showing Pending’ and ‘Showing Confirmed’

All five issues are solved by using this Leasing Robot, and it is the remiOnline system that powers it. The integrated CRM manages the pipeline of all tenants, and with the built-in text message and email system, all of your business communication needs are in one place. While you can send out custom messages to your leads, all texts and emails come already written for you to help further automate the entire process.

You will receive automated admin notifications. These include notifications to the admin team for checks, notifications to owners when approval is required, and even notifications to accounting when a deposit is coming. What’s best is that the setup of remiOnline is already completely done for you. All you need to do is answer some questions, and the remi360 team will customize the system to meet your exact needs. This entire system, along with Visture Property Management Peterborough’s Virtual Staging service combine to become the ultimate leasing time saver!

Don’t ever wonder what the perfect leasing process might look like. Experience it by experiencing remiOnline. Contact remi360 today to sign up!

Visture Property Management Peterborough’s Latest Project

23 July, 2020

Visture Property Management Peterborough is proud to mark the end of our latest home transformation. What started as an eyesore — a non-contributing property in the surrounding community is now a gorgeous space and a huge win for the Visture team, its partners, and Peterborough.

It is in our dedication to solving the housing shortage in Peterborough that we seek out new property transformation opportunities. We look forward to our next project with enthusiasm and passion.

See below some pictures of this amazing transformation and if you’d like watch this video:

Looking to manage property but don’t know where to start? Sign up for our short-course where Visture CEO JG Francoeur will share the ins and outs of successful (and profitable) property management.

Introducing Visture Property Management Peterborough’s Virtual Staging Service!23 July, 2020

Staging is one of the most important steps towards generating inquiries into a property but has long been a point of contention for owners of rentals. Effectively showing off your property is the difference between successfully leasing your apartment or not, yet the ability to properly stage a space has long been a financial gatekeeper to many property owners.

Living Room Before

Living Room After

Not only is physical staging financially prohibitive, running costs of more than $3,000, but with needing to move rented furniture into the property, an owner also introduces the risk of damages — it is not uncommon for movers to bang things up!

At Visture Property Management Peterborough, we are introducing a new service known as Virtual Staging to bring the potential to show off a property at its best to everyone. No longer will you need to pay a premium to generate inquiries.

Virtual Staging helps by removing both the risk and obscene costs of physical staging. Instead of paying a premium in the thousands of dollars, virtually staging an entire home only costs owners around 100-200 dollars. By digitally rendering furniture and decor, the cost of ‘prop renting’ is reduced by over 95% with all risks of scuffed walls and splintered wood abolished.

The objective of staging a property is to better represent the size of certain spaces and to give people an idea as to what the space could be. Done well, and it can generate two to three times more leads! For too long, owners have settled with showcasing pictures of drab, empty rooms — doing little to show off a space’s potential.

With this new Virtual Staging service, you send us pictures of empty rooms and we will send you back a completed space. It is that easy.

Dining Room Before

Dining Room After

With a properly staged property, you will be able to effectively compete in the ever-growing rental and purchasing markets. More leads mean more demand, and more demand means a greater incentive to raise your rents!

Give potential buyers and renters a reason to be excited about your property. Visit our Virtual Staging page to see just how we can transform your space! Otherwise, if you are interested in one of our amazing rentals, contact us today!

Should you allow tenants with pets?

26 June, 2020

Let us talk about pets. Most of us have pets, may it be cats or dogs and they are adorable. The question is if you are renting a property, should owners accept tenants have pets? Here at Visture, we definitely say YES!

You might be concerned about horror stories of pets damaging the property and pet owners don’t care about it, we understand. But we always believe that pets are the reflection of their owners. Selecting great tenants is one the key to not have any issues with our furry friends.

Let us hear it from our CEO, JG Francoeur of Visture Property Management Peterborough

Student Rentals during and post COVID-19

27 May, 2020

Are you planning to convert your property into a Student Rentals? Or maybe, you currently own one.

Visture Property Management Peterborough has some advice for you.

During this pandemic, student rentals are the hardest hit market in Real Estate. Classes had been canceled until further notice. Some Universities are saying they will settle for online classes, some might not reopen until the year 2021. So if you’re planning on giving away free rentals until September, think carefully. Plan for the possible long-term effect.

Hoping and praying for your Real Estate business is not enough. Think strategically and make sure you are updated with the news about the Universities near your place.

Plan wisely. Will you really spend thousands of dollars on converting your property to a student rental, knowing that classes won’t resume anytime soon?

Be extra cautious and strategic Real Estate Investors! Got doubts about your decisions? Visture Property Management Peterborough is here to help you achieve realistic goals and guide you through this Real Estate business. Message us so we can get started!

Stunning Before/After for Parkhill (Video)

21 May, 2020

We’re very excited to unveil the “Riverside Project” and our before/after video. You can see from this video, everything was completely renovated, from top to bottom. Other than the outer shell, everything else was replaced with new, modern, up-to-date, fashionable materials. The lucky family that have rented these 2 units is very thankful for Visture Property Group’s commitment to helping with the housing crisis.

This building was a single family dwelling and now it’s a legal duplex with additional housing for additional families. Every little bit helps Peterborough.

CEO of Visture Speaking with President of Dominion Lending Centres

13 May, 2020

Visture Property Management Peterborough always has its finger on the pulse. You might wonder why? Gary Mauris is a legend in the real estate space. As the president of Dominion Lending Centres, Gary has an insiders view of what’s happening in the real estate business at all times. With over 6000 agents, Gary can see trends coming long before they become reality.

I’m thrilled and excited to be sharing the stage with Gary at the upcoming COVID Crisis Conference: Strategies, Opportunities and Solutions to Stay Ahead Of The Curve

Now is not the time to sit back and wait for the government to make decisions for us. It’s time to think critically, take action and prepare for the emerging NEW economy…

Real Estate Investors have many choices to make. Here are two of the biggest:

Will you dig deep and prepare by learning and developing the skills, mindset and strategies to face the COVID Crisis head on (alongside other like-minded individuals) and leverage the opportunities coming your way?

May 22 and 23 Register Now

https://globalnews.ca/video/6919693/no-in-person-classes-for-fleming-college-in-september-trent-university-exploring-options

11 May, 2020

Here are some news from Fleming College regarding classes in September due to COVID-19.

https://globalnews.ca/video/6919693/no-in-person-classes-for-fleming-college-in-september-trent-university-exploring-options

Covid19 Response Plan For Tenants

2 April, 2020

Times are strange, times are unpredictable, and soon, times may be tough. It seems like on a daily basis, our government is making a public announcement declaring a new strategy to handle COVID-19. While we trust that these methods will surely help keep us Canadians healthy and safe, some of us to worry when it comes to financially supporting ourselves.

Please listen to the short video that we put together for you:

Early this week, our government listed the essential services that will be staying open during these uncertain times and thankfully, it is quite a long list. We recommend that you have a look so you can better determine whether or not your job or business will be affected for the foreseeable future.

https://news.ontario.ca/opo/en/2020/03/ontario-supporting-workers-municipalities-and-retailers-in-response-to-covid-19.html

This list is just as helpful when it comes to leaving your home. Please plan ahead and make thoughtful trips, and keep these outings to a minimum. Businesses are taking great measures of care to assure that exposure is at its lowest. So help them continue this effort by staying home if you are sick, ask for help where it’s offered and use all protective measures when out and about.

If your employment is affected, and you are facing reduced hours or job-loss for an undetermined amount of time, don’t fret because there are options to keep you on your feet. We at Visture Property Management understand that these circumstances are without rules and we are here to offer you a helping hand in finding you the support that you will need.

Trudeau took to the podium to announce the support that will be available to Canadians and just recently, with minor alterations, it has passed through legislation. This means that we are one step closer to having the support readily available to us.

On another good note, Ontario is stepping up and also providing some relief to us fellow Ontarians. These progressive measures include adapting the Emergency Assistance program to this pandemic, additional support to those already on Social Assistance, enforcing helpful steps in reducing the risk of catching and spreading the virus in the workplace, and financially aiding municipalities in creating support for you. Please review the positive steps our province and city is taking in the links below :

https://news.ontario.ca/opo/en/2020/03/changes-to-ontarios-emergency-assistance-program-in-response-to-covid-19.html

https://www.peterborough.ca/en/news/emergency-shelter-service-during-covid-19.aspx

https://www.canada.ca/en/department-finance/economic-response-plan.html

What does this mean to you, as a renter? Well, the government put a lot of thought behind their choices and while evictions are put on hold, they are not halting the eviction process. So, rather than renters across the country avoiding paying their rent and eventually ending up in large debts when this is all over, they are giving you some financial stability to keep our rent system running as normal as possible. On a daily basis, we monitor any information and updates that are released. We are dedicated to being informed about all the financial support that is available, and what may be best for your specific situation.

We want to work with you to get through these unstable times. So please reach out to us and open a line of communication if you think you may need help, not just with paying your rent but for anything that Visture Property Management can do for you!

In closing, please remember to practice good, basic hygiene such as:

Using soap around the home to wash your hands and counter tops it’s safer and healthier than using sanitizer.

Keeping a safe distance (6 feet/2 meters) will protect you.

Not inviting people in your personal living space

Don’t congregate in public areas unnecessarily. only for your immediate needs.

Cover your nose and mouth when you sneeze

And a bit of common sense don’t hord there will be plenty for all of us if we buy just whaat we consume.

Be well and be safe

Visture Property Management & Team