My Capital Corner
771 St Clair Ave W. M6C 1B4 Toronto, ON, Canada

Here's a progress update on that team project in Corso Italia. In just a few short days, our team of contractors - who have been our trusted partners for years - have already waterproofed the property, installed a new kitchen, installed a new bathroom, refreshed the paint throughout the house, put in new flooring, trims and doors, cleaned up the ceilings, windows and more A shout-out to good teamwork, great partners, and our awesome team of contractors!... #torontorealestate #torontohome #torontolife #torontoproperties #openingdoorsdeliveringdreams #corsoitalia #stclairwest #urbanvillagerealty #mycapitalcorner

... ...or anyone who tells you about the landlord life and rental property investments if they themselves don't practice what they preach. My Capital Corner team are taking all our know-how and applying it on this semi-detached home in Corso Italia - a very popular neighbourhood amongst our investment clients. ... Stay tuned for progress pictures and investment analyses. Great job Phil Gardner, Billy Hsu, and Simon La! #torontorealestate #torontohome #torontolife #torontoproperties #openingdoorsdeliveringdreams #corsoitalia #stclairwest #urbanvillagerealty #mycapitalcorner

Spring inspections are well underway at the properties our team manages! We check interiors and exteriors to prevent issues, ensure fire extinguishers, smoke and carbon monoxide detectors are operational, change air filters, and do everything we can to help landlords reduce costs and prevent damages in the long term. Our property management team also acts as the first point of contact for tenants and the central coo...rdinator for contractors when repairs are needed. Being a landlord with us is about as simple as it gets. #mycapitalcorner #urbanvillagerealty #torontorealestate #gtarealestate #gtainvesting #realtor #realestate #investing #investingmadesimple #openingdoorsdeliveringdreams

Happy May Two Four to you and your family! Wishing you a safe and eventful long weekend, from all of us here at My Capital Corner. Nick VrysellasSimon LaElton Toni ShakulliSusan HausmannBilly HsuPhil GardnerPatrick Mok

My Capital Corner's staff pick this week comes from Bigger Pockets. Here are 5 quick improvement projects that will help you better attract tenants without breaking the bank. These include: 1) Painting away the smudges 2) Updating the kitchen 3) Adding a washer and dryer ... 4) Sprucing/ cleaning up the exterior 5) Replacing carpet flooring 6) Bonus MCC tip: Declutter the unit before taking pictures for the listing and showing to potential tenants See more

Through our experience leasing 100+ units annually, the My Capital Corner team has compiled our favourite 5 hacks to earning top dollar for your rental property: ) - reverse the wear and tear on your walls with a painless paintjob, replace the damaged trim, replace the squeaky closet hinges; remember to use trusted contractors... ) - evict the dust bunnies, shine your bathrooms and kitchens for an impressive showing ) - - polaroids, black and whites, and dim photos are so 1990; put on the HD, use a wide-angle lens and proper lighting ) - use popular keywords to highlight what's important to the renter, post to high traffic platforms, and leverage social media to increase your visibility ) - leave no stone unturned; review credit reports, proof of income, public sources, and past landlord references to ensure the quality of your tenants Maximize your next lease with us. Phil GardnerSusan HausmannElton Toni ShakulliBilly HsuPatrick MokSimon LaNick Vrysellas

Just listed at our brokerage: beautiful family home walking distance to Streetsville and park trails, European inspired marble cobblestone front patio, within French Immersion School District. 4 +1 bedrooms, 4 bathrooms, approx. 2500 sqft of space, fully finished basement with theatre room and play area!! Call Nick at 416-721-7185 for your personal tour or visit www.uvri.ca for more details. #openingdoorsdeliveringdreams

It's Friday, so we're sharing some good news: We sold this beautifully renovated home for $200,000 over asking in the Corso-Italia area in under a week. The seller's painstaking efforts in renovating and staging the home certainly equated to great results! www.mycapitalcorner.com

It's hard to believe just days ago, snow and ice took over our city. To help you take advantage of the newfound Spring weather, here are 10 home maintenance activities you can do outdoors. Regular home maintenance helps to , . Also remember to perform indoor maintenance activities including checking smoke alarms and inspecting the basement for signs of mold and leaks. Message us if you have any questions about maintaining your home or investment properties. https://www.hgtv.com//10-home-maintenance-tips-for-spring-

I had an interesting conversation with my client yesterday and would like to share it with my friends here. : My current property (approx. $1 million) is renting at $3,000 monthly, is that considered good in today's Toronto market? : It's hard to comment on Toronto as one single market, our team knows pockets in Toronto that will rent for more and pockets that'll rent for less. : What would you consider as good income for a $1 million property?... : Generally, we aim for investment properties with over 5% yield (annual gross rents/property value). So for a $1 million home in the right areas, we expect a rental income of at least $4,150 per month so that the property produces positive cashflows! , ' .

The unseasonal ice pellet storms and freezing rain over the weekend left 42,000 people without power, 1,200 accidents on major highways, and 600 flights cancelled at Pearson. It also saw flooded basements, fallen trees, broken eavestroughs and leaking roofs at many residential properties across Ontario. Thanks to Phil - our Property Manager - for coordinating cleanup equipment, insurance, and contractors, landlords at 11 of our affected properties were able to sleep through the stormy weekend. mycapitalcorner. . . . . #imagesoftoronto #torontorealestate #torontohome #torontolife #torontoproperties #openingdoorsdeliveringdreams #the6ix #corsoitalia #stclairwest #icestorm2018 #icestorm

*** IMPORTANT NOTICES FOR LANDLORDS *** Effective April 30th, 21018, Ontario landlords and tenants must use the new standard form of lease, some highlights include: Clear outline on rent and form of payment ... - Up to 1 month's rent can be collected as rent deposit, damage deposits are not allowed - Landlord must provide utilities-paying tenants with the 12 most recent bills to help estimate cost - Tenant may assign/sublet the rental unit to another person - Additional terms are allowed but must follow the Residential Tenancy Act (e.g. cannot prohibit pets or require tenants to look after snow removal) - Please message or call us if you'd like to discuss what this will mean to you. More information can be found on: http://www.forms.ssb.gov.on.ca//f/ssbforms.nsf/FormDetail

My Capital Corner team is welcoming Patrick Mok to the team. Patrick Mok has been a long time client of ours, and joins our team with an operations and mergers & acquisitions consulting background. We're excited to have him onboard to accelerate growth and further our capabilities so that we can provide even more value to our investors and clients.

Tax season is upon us again! While it's a great time to celebrate the additional income your rental properties have generated for you this past year, it's also time to calculate the amount of taxes owed to CRA. Did you know that your rental properties may be eligible for capital cost allocations (CCA) to help reduce your tax liabilities: As your rental properties (including the building, furniture and equipment) wear out over time you can write off the capital costs incurred ...in their acquisition. This includes costs such as purchase price and legal fees incurred. Most rental properties acquired after 1987 are eligible for a 4% annual depreciation based on the declining balance method on the building value of your property You get to choose when and the amount of CCA (up to the maximum allowable for the year) to claim Upon sale of the property, all prior CCA claims are recaptured and treated as taxable income (100% taxable) in addition to capital gains (taxed at 50% of the gains) While you can not create or increase a rental loss by claiming CCA, it is a great consideration for reducing your income tax liabilities Even if you choose not to claim CCA for your properties, there are other eligible deductions to keep in mind including homeowner’s insurance, property taxes, maintenance fees, advertising, mortgage interest, utility costs and property management fees There are many intricate details pertaining to CCA, please visit your tax professional and the CRA's website for further advice: https://www.canada.ca//capital-cost-allowance-rental-prope

Getting ready for 2018 Spring Real Estate Season!! We at MyCapitalCorner have been busy planning the year ahead and there will be much exciting news to share with you throughout the year. Bookmark us on Facebook and Instagram to stay posted on our growing team, office expansion, rebranding efforts and updates to our service offerings! We’ll also be posting more frequently to exchange insights and opinions with you on the latest real estate matters. This year we want to be able to inspire and help you achieve your personal aspirational goals, be that related to real estate, financials, travel, family or personal hobby. Let’s keep this network vibrant, leave a comment below to tell us one thing you aim to achieve this year and how we can help.

Watch out for professional tenants! It's incredible what people can get away with if you don't follow your systems.http://ow.ly/nLhk304vOGp

Demolition on the North St Lawrence Market building has finally begun, out with the old in with the new! http://ow.ly/ErbJ304oJx0

Some renovation tips, how to get the most out of your reno dollars! http://ow.ly/YOnm304HtXi

Airbnb is doing a number on the amount available rentals in our city. Especially in certain downtown pockets!http://ow.ly/WnDE304BZtF

Is the condo market still a good play for Investors? Check out these maps of rental rates vs purchase prices throughout the city! http://ow.ly/mxoc304oCrp

This King St condo unit has an incredible outdoor space, and the rest of the condo isn't so bad either. http://ow.ly/xNqM304hz7G

Another 3 new rental units converted for our clients over on Oakwood. This property will collect a gross monthly rent of over $4,000!

Are you prepared to buy your first investment property? Make sure you deal with knowledgable agents to point you in the right direction!http://ow.ly/EbKw304oCbG

Our client appreciation event went off without a hitch! Thank you to all of you who made it out!

Its Monday! Accomplish something great this week!

Some very interesting condo projects that won't reach their full potential in Toronto. http://ow.ly/27Q5304hxiu

Demand for rentals continues to rise! http://ow.ly/apRN303WcUU

Happy Monday, do something amazing this week!

Toronto considering redeveloping commercial laneways for public use! http://ow.ly/qBgk303vrfm

New York City uses Toronto's subway system as a reference for their future imrovements! http://ow.ly/K3f8303vmck

Are you doing all you can to properly screen your tenants? http://ow.ly/lNi4303QLcC

With the underpinning completed, this Brockton Village 2 unit conversion is moving along well!

Thursday September 15th, we're hosting an event for our clients, past and present! If you're interested in coming to mingle with other successful investors and learn about the new offerings we have, send us a message and we will send you the details!

Will more Torontonians be looking to rent in the coming years? http://ow.ly/UqKo303vqw7

Stop procrastinating, take action towards your success today! #motivation #realestate