|Address||, ON, Canada
To Those Looking to Rent a Home
but on a Basement Apartment Budget
Let us Do the Simple (Landlord) Math.
Your budget is $850 (no utilities) to $1100 all inclusive.
(This is just an Example)
Let us Start with $850 per month.
$850 per month
- $200 City of Kawartha Lakes Avg. Realty Taxes
= $ 650
- $ 100 Building Insurance
= $ 550
- $ 20 Amort for Furnace Replacement
- $ 20 Amort for Roof Replacement
- $10 Amort for Appliance (Fridge Stove etc) Replacement
- $ 550 for Mortgage Financing or
Interest at the bank the Landlord could make for not being a Landlord.
= Landlord has just lost $50 per month minimum
We have not even got into maintenance or major improvements like bathroom repairs or building repairs and the like.
Landlords are like farmers, they get paid when they sell.
Finding the $850 Home rental is never going to happen.
$850 is the price of a one bedroom all inclusive apartment and one notch up on room and board your Mom and Dad would charge.
If you do find the $850 "more Rare than a Unicorn" Home Rental, Grab it, run with it and give your landlord a really really nice Christmas Card in December.
Approx. Lindsay Home Rental Market Prices
$1100 - Post War - (no basement 2 bedroom - East Ward and South Ward)
$1150 - Post War Home - (North Ward)
Add to the Post War Home Rental Prices:
+ $100 for a Dining Room per month
+ $100 for the 3rd bedroom per month
$1200-1250 - 2 Bedroom with Dining and (possibly an unfinished basement)
$1300 - $1350 - 3 bedroom with Dining and unfinished basement
All Above Prices are not including utilities.
Expect Utilities to be;
+ $100 min for Hydro One.
+ $100 min Equal Billing for Enbridge Gas
(assuming your home rental is heated with Natural Gas
+ $ 75 - $80 for Water as Charged by the COKL to the Landlord
(Yes Landlords can and do charge for Water and most do)
Notes: You must still need good credit to get the Enbridge and Hydro One accounts in your name, NOT the landlords.
I am hoping you too are able to see "The Landlord Math" that honest ethical Landlords work by.
To do repairs promptly, we need to charge "Fair Rents" to stay in business, to provide good accomodations and provide good service.
Clarkwood Properties is one of Lindsay's largest provider of Private Home Rentals.
With over 20 rental units we have homes on many streets in Every Ward in Lindsay.
We are that Professional Home Rental Company. We have a waiting list of pre-qualified good families looking to rent our homes, primarily because it is us.
We do prompt repairs, we give good service and we are local and you can always contact and visit our office Monday to Friday.
This is our job.
We are NOT that "Hobbyist" landlord with one building or living in Toronto and once they "Do The Landlord Math" end up selling their buildings because it is an Aggravation and you the renter are forced on 60 day Notice to Vacate.
I hope this helps the "Looking for a Forever Home Person".
I hope to setup a "Renting in COKL Blog" shortly to help those with reasonable "Expectations of What to Find in My Budget" .
Clarkwood Properties Corporation
Fine Home Rentals in the City of Kawartha Lakes
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