Why You Need Tenants Insurance

At Jul 12, 2017
When entering a new lease with The Properties Group it is required that all tenants, both residential and commercial, acquire tenant insurance. As a renter, considering insurance is not usually considered at all. According to Statistics Canada, less than half of residential renters purchase tenant insurance when entering into a new lease. Protecting your business and personal life is important to us. Renters insurance will help protect you and your possessions in the event of a loss or damage. Here is a quick breakdown on what tenant insurance can do for you. Protection As a tenant, you may not own your space, but you do own everything in it which can include furniture, fine jewellery, equipment, and entertainment products. In the case of an unfortunate mishap, without tenant insurance all of these products will not be covered and you will be responsible for refurnishing your unit. These unexpected costs can lead to serious stress on your personal or professional life. Liability Personal liability is a critical factor to consider in regards to why tenant insurance is important. Even though you may not consider your belongings to be of value, that does not mean your surrounding neighbours feel the same way. Imagine a fire that sets in your home or business and effects the surrounding units, you could be held financially responsible for any damages that you cause, even if it is accidental. Tenant insurance also covers legal and medical bills if you are found at fault in an unfortunate event. Affordability Tenant insurance can be a life changing service that is easy to obtain and comes at an affordable cost, purchased at an average of $20 - $30 a month. Statistics Canada studies show that tenant households that bought tenant insurance spend an average of $309, less than half of what homeowners pay. Combining your tenant and auto policies can also help lower your premiums. Compare prices through insurance professionals to find the best fit for your needs. Whether you are a business owner or residential renter, the importance of understanding basic tenant insurance will help you achieve a piece of mind.  For more information regarding tenants insurance and our policies, contact an agent today at 613-237-2425.  

How Tech is Changing the Real Estate Industry

At Apr 19, 2017
The Ottawa housing market is booming, with sales approaching the record breaking point in March and up 28% from this time last year, according to the Ottawa Real Estate Board. To keep up with the increasing number of potential buyers while still attracting new sellers and managing leads, tech advances are helping real estate brokerages and agents deal with the high demand. Virtual reality is the newest, and unarguably most advanced, tech tool that is coming to the forefront in real estate agencies, offering home buyers the experience of 3D home tours on listing pages without having to travel to the property. Although VR offers a ground breaking experience for potential buyers, the cost may be too great for some brokerages. So, while we wait for VR to become more accessible here is a list of other tech tools that can help real estate professionals grow their business and generate more revenue. Social Media Platforms: Instagram Video With new and existing properties constantly becoming available, the obvious platform to keep potential buyers informed is Facebook. However, the new promotional tool of choice is becoming Instagram. With 200 million daily active users, Instagrams new video feature is rivaling Facebook for daily video user engagement. This feature allows you to quickly record 30 second long videos of new listings and share them instantly, this is just enough time for a short house tour or slideshow of the properties amenities. Instagram also offers brokers and their agents to interact with leads through private messaging and arrange viewings. Industry Apps New apps are emerging onto the real estate scene, Real , an app that allows licensed realtors to get connected to a one stop platform for work, allows them to manage appointments, send out online marketing materials and even handle accounting. Real also provides free leads without referral fee charges. Another useful tool for agents is the time saving bot, a platform that allows agents or brokerages to arrange meetings by connecting with other users' calendar, offering exact time options that fit with everyone's schedules. The bot does everything when it comes to scheduling including following up if someone doesn't reply and calculating travel time between meetings. Drones Drones are becoming an increasingly popular tool in the real estate industry, the modern tool is allowing real estate firms to capture stunning aerial videos of listings and can be that extra kick you need to promote both residential and commercial properties, leaving potential buyers in awe of the birds eye view that the footage offers. Using a drone to showcase properties gives a different, complete perspective of what a property and the surrounding neighborhood has to offer. Drones offer a high tech experience with a wide range of benefits at a relatively inexpensive price, making it an appealing option for realtors to take their property marketing to the next level.

    The Properties Group Management Ltd. is a real estate investment and management firm engaged primarily in the acquisition and management of residential and commercial properties throughout central and eastern Canada. It is our mission to provide superior value to our tenants and investors.


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