Want a Room for Rent in Downtown Toronto? 3 Factors to Consider
Getting rooms for rent Toronto is one way to boost investment property yields. With the room rental method, more than one family or individual can live in one housing unit.
This type of housing arrangement benefits both tenants and landlords. Tenants can break their rent expenses by sharing their costs with others, while landlords can get more income. Furthermore, room renting helps make rental revenue more reliable for landlords as it minimizes the impacts of vacancies.
Although getting a room for rent is a lucrative strategy for both sides, there are some factors that you should check before renting a room or an apartment. Let’s check them one by one.
Get a Room for Rent That Truly Exists
Of course, this is the very first thing you should consider when you want a room for rent. Nowadays, there are many housing scammers on social media platforms including Facebook, Instagram, and etc. Their advertisements sound appealing (excellent location, inexpensive price), and even fake websites are produced so that innocent individuals who know nothing about the region can be ripped off.
So, is it really possible to get rooms for rent Toronto safely from your home country without getting scammed? Actually it is!
Many students believe renting their room on arrival is better, and only after seeing the flat, it makes sense. But it doesn’t always work. Here they will face two problems:
- Most of the good flats will have already been rented.
- Spending the extra money for staying in a hotel and then find some time to search for a flat.
Fortunately, there are several safe online platforms such as “Tirbnb” that can help you save your time and money. “Tirbnb” is created to help you start enjoying your experience from the very first moment that you arrive! For more information, you can visit some of our listings from around Toronto!
Check the Real Conditions of Your Rental Room
Imagine that you have found the best case that meets all your needs on a housing website. With fully modernized bedroom, clean kitchen and common area, everything looks amazing. Therefore, you decide to get your rooms for rent Toronto and sign an online contract. You think you’ve done everything right but the real scenario starts when you arrive.
The common area and kitchen hadn’t been cleaned for a long time, some of your flat amenities don’t work and some features must be recharged. The sad thing is that you’re not even satisfied with the room’s real conditions. But the contract is signed and you can’t do anything about it.
To prevent all these, try to choose a trustworthy agency. Some agencies and landlords have a bad reputation for treating tenants, especially students. They try to rip off tenants during the stay or even not return the deposit.
Therefore, before signing your contract you should ask some fellow students who have the same experience with those agencies or some friends who are living in that area.
When you are looking for flats, don’t be guided only by the price. Check all the flat’s includes: hall, kitchen, shared areas and especially your room amenities and their real conditions. If you are not able to visit and check the apartment yourself, there are some online flat check services. You can search for them to get more information.
Consider Your Flatmates for Rooms for Rent Toronto Downtown
It is usually one of the most rewarding experiences ever to share a flat with others. During your stay in another country, your flatmates will be your new family. Sharing meals, parties, anecdotes, experiences, and all of the moments that you live together will be a part of your life.
Then, it will be better if you get some information about who you’ll be sharing your life with. This information can include their gender, age, nationality, and etc. Also, you should consider how many people you are going to live with. Of course, you don’t want to live alone in a 4 bedroom flat or live with 7 students in a 2 bedroom flat!