Viewing entries tagged
management

Suite Damage Payments

Unsure On Who Should Pay For Suite Damage?

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Assessing who is responsible for damage inside your suite can be complicated, and sometimes it’s not the Tenant who will have to fund these repairs.

This article will review how Sage Living inspects suites, how damage is discovered and who is responsible for specific types of damage.


Sage Living Suite Inspections

Most management packages will include two annual suite inspections. The first suite inspection will normally take place between November to January of each year. The second suite inspection will normally take place between February to May of each year.

For each inspection Sage Living will coordinate an inspection time for your suite and Tenant. We will dispatch staff members with appropriate hardware to record the suite inspection and take photos if needed. Each inspection is reviewed and damage noted by our trained staff.

Damage is then assessed as one of two types:
1. Wear and Tear
2. Non-Wear and Tear

Depending on the type of damage, a work order will be made and the appropriate party contacted for payment relating to the repair as needed.

Our work inspection reports and work orders are saved and held on record in our office for future reference. Sometimes our office will need to review these files and cross reference the work needed vs the work previously completed to make sure billing is properly completed.


Who Is Responsible For This Damage?

Sometimes it can be difficult to determine who is responsible for the damage found in each suite. But, there are two common types of damage which occur.

1. Wear and Tear
This is commonly understood as the expected amount of damage a suite will endure during the reasonable enjoyment of the suite by the Tenant. It can be difficult to interpret wear and tear, but it would be commonly viewed as paint scuffs on walls or floor boards, small scratches on the floor, and the eventual wear down or breaking down of furniture inside the suite. Generally speaking, when trying to determine if something was damaged due to wear and tear a suite owner should ask themselves ‘was this damage caused on purpose of due to the Tenant’s negligence?’ - if neither is true, then the damage you found is likely wear and tear.

When wear and tear is found and a repair needed, as per Ontario law, the Suite Owner would be responsible for repairing the item and funding the cost of the repair.

2. Non-Wear and Tear
This can be a little easier to identify compared to wear and tear. This is commonly understood to be the opposite of wear and tear, where damage is found and is the distinct fault of the Tenant. A common example of this type of damage being - a hole in the wall, damage caused by pets, or damaged furniture from being left outside on the balcony.

Typically, non-wear and tear is identified when there is a complete misuse or purposeful change to the suite by the Tenant. Non-wear and tear items are typically forwarded to the Tenant for direct payment. This can sometimes reveal larger complications and not all Tenants will willingly and quickly provide payment to offset the cost of the needed repair. Should situations occur where collections for a Tenant are required and/or are overdue, the Owner will be notified and provided options on next steps from our office.


Have more questions?

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How Can I View My Suite?

Want To Schedule A Viewing For Your Suite?

We are Here to Help!


To request a viewing for sales, or other such similar purposes, please email booking@sagecondos.ca

Requests must be made 48-hours in advance
This way our office can insure the Tenant receives a minimum 24-hour notice
Limit of 1 x viewing per day
Viewings must be between 10AM to 7PM, Monday to Sunday

Weekend and Monday viewings have to be confirmed no later than Friday 3:00 PM.

Keys can be signed out at our office only for appointments that fall during our business hours.

Note that our office is open Monday to Friday from 11:00 AM to 4:00 PM.
We are located at 8 Hickory St. W Unit 2 (entrance facing Spruce St).

If you have your own key set, you simply need to provide the 48 hours’ notice to our office prior to your viewing time.


SPECIAL REMINDER

As per Sage Living policies and practices, we cannot coordinate any Owner viewings between August 25 to September 5th. This brief period is known as ‘Turn-over’ and is when all Tenants move out of their suites, suites are cleaned, repaired, inspected, and new Tenants move into their suites. This is a very busy period of time for our office, trades and Tenants and we cannot coordinate viewings at this time.


Sage Living COVID-19 Unit Viewing Policies

 As Ontario begins to lift restrictions and reopen businesses and services, Sage Living will now reintroduce unit showings for sales and appraisal purposes. Be advised that we have adjusted our policies for unit showings to protect the health and safety of our tenants, clients, and staff members during this time.

 Please review the below revised policies on booking and conducting showings of rental units. We thank you for your cooperation and utmost care when entering an individual’s home.

 

Limit unit entry

To reduce the volume of showings in tenanted units, owners may only schedule showing once a firm offer is presented. Unit owners are welcome to share our virtual tours with prospective buyers. Please click here to redirect to our virtual tours page.

 We also encourage owners to take photos of their suite to share with prospective buyers to prevent multiple showings. Note that tenants must sign a photo release waiver to allow photos of the rental unit to be used for sales purposes. Please forward a copy of your photo release waiver to our Booking Team (booking@sagecondos.ca) and we can coordinate signing with your tenants.

 

Safety measures during showings

 As always, booking requests must be made with at least 48-hour notice to our Booking Team (booking@sagecondos.ca). Tenants reserve the right to refuse unit showings based on safety concerns.

 All visitors to a rental unit must compete and sign our self-assessment waiver form. Any person who has experienced symptoms in the past two weeks will not be allowed to enter the rental unit. Click here for a copy of this form.

 No more than two people may tour a unit at one time. All visitors to a suite must wear PPE (i.e. face mask and gloves). Visitors may not have direct communication with the resident.

 If the above protocols are not followed, Sage Living may not assist with scheduling a showing of your unit.

 

 Risk and Liability

 Any visitor to a rental unit understands the contagious nature of COVID-19 and assumes the risk of exposure or infection.

 Sage Living Management, and all employees thereof, are not liable for any illness (including but not limited to COVID-19), injury, damage, loss, claim arising from a unit showing.


Have more questions?

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Sage Contact List

Need to Contact Sage Living?

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Client Support
Assists Suite Owners
clientsupport@sagecondos.ca
(519) 772 - 4556 ext 107

Owner Viewings
Coordinates Owner Viewings
booking@sagecondos.ca
(519) 772 - 4556 ext 103

Rental Team
Secures New Leases
rent@sagecondos.ca
(519) 772 - 4556 ext 102

Leasing Administration Team
Administers Lease and Owner Agreements
leasingadmin@sagecondos.ca
(519) 772 - 4556 ext 103

Resident Services
Coordinates Suite Repairs
help@sagecondos.ca
(519) 772 - 4556 ext 101

Collections
Works to Collect Outstanding Tenant Rent
collections@sagecondos.ca
(519) 772 - 4556 ext 105

Have more questions?

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The Importance of Marketing My Rental Property

Have Questions About Marketing Your Suite With Sage Living?

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Waterloo is one of the most competitive rental markets in Ontario and year round marketing is a key strategy when achieving full occupancy each year. This article will review the use and importance of our year round marketing strategies.


Sage Living will charge all Owners who have a full management service package (the Elite Service Package), an annual marketing fee. This fee is collected so our office can retain resources to market your suite year round.

Marketing is not as simple as posting an ad or making a flyer. Generating rental leads has become much more sophisticated, relying largely on new software systems and social media campaigns.

Why Do I Pay For Marketing Every Year?

Simply because it’s needed.
Waterloo has a lot of student renters, but Waterloo also has a lot of competing student rental locations which are very similar to those offered by Sage. Keep in mind that many of these competing locations are not individually owned by single Suite Owners such as yourself. These competing locations are often owned and managed by the same corporate entity with large marketing budgets.

Student renters understand they have many rental options, and will take advantage of the large student housing supply, often renting based on value - where they can receive the best deal or where they can feel the most supported as a Tenant.

By not marketing your suite year round, positive brand awareness will decrease, the rental market will become less fair with competing locations purchasing a majority of the ad space, and the chances of vacancy will increase.

But My Tenant Renewed, Why Should I Pay For Marketing?

Owners should be aware that turn over in student housing is very high. An average student housing location in Waterloo could assume approximately 65% of their Tenants will leave each year.

While your current Tenant has renewed this year, the chances of their renewal become less likely each year. Should Owners pay less towards marketing, brand awareness and popularity of their location could decrease and chances of securing a new Tenant will likely also decrease.

With a 65% chance your suite could be vacant next year, Owners should be incentivized and rely on marketing strategies to ensure they can either retain their current Tenant or successfully rent their suite the following year should their Tenant cancel the lease.


The Waterloo Student Rental Market
Things to Know


1. The Prime Rental Season Begins Early

It’s important to understand that the Waterloo rental season will normally begin in September of each year and a majority of student leases in Waterloo are 12-months long beginning in September of each year. BUT, it’s also very important to understand that current Tenants who hold these 12-month long leases don’t have to tell their landlord if they intend to renew their lease or terminate their lease until after the prime rental season.

2. The Prime Rental Season Does Not Last Long

It’s also important to understand that the prime rental season will be similar to the student academic calendar. This means that the best rental leads will be collected between the months of September to April with significant decreases during academic mid-terms, exams or student holidays. The rental season will slow down significantly between the months of May to August as students will often leave Waterloo during these months to return home, begin summer jobs, and overall place less importance on securing student housing.


This is the problem

we have a massive amount of new leads that will begin to contact rental offices in September, but we often don’t have firm numbers on availability until months later. We also understand that it’s often better and more cost effective to retain a current Tenant as the Suite Owner could then save on the cost of cleaning the suite between the old and new Tenants.

So what can we do?

We develop a diverse marketing strategy
Each year we work as hard as possible to renew the current Tenant, because we understand this will often be the most cost effective strategy for the Suite Owner.
But each year we also work as hard as possible to rent the same suite to new Tenants, because we don’t know if the Tenant will renew their lease until it’s too late.

We accomplish these two tasks by splitting our efforts and developing two marketing strategies - one focused on renewing Tenants and the other focused on securing new Tenants.


Our Marketing Strategies

As previously stated, marketing is not as simple as posting an ad or making a sign. Instead we must rely on several tools to complete our marketing efforts. Read below to review of the tools our office will commonly use when marketing to both current Tenants and new rental leads.

The Rental Website

Our website is a key part to our marketing strategies with all leads funnelling to this single source.
Click Here to view our website
Click Here to view where rental leads are collected

All our of our online marketing tools will redirect leads to these webpages. This includes Google, Facebook, Instagram, Snapchat, Wechat, Kijiji (and various similar sites), blogs, and much more.

Customer Relationship Management (CRM)

Like most modern companies dealing heavily in sales and customer relations, our office relies on a web-based CRM. This software will allow our office to track incoming rental leads, current tenants, communication with owners, and much more.

Through the CRM we are able to track incoming leads, identify their personal needs, track their email opens and responses, identify and track important marketing data points, and provide a hands-on line of communication between our team and the Tenant during their rental journey.

Online / Social Media Marketing

Online / social media marketing is one of the most important marketing types all modern rental companies should understand. Rather than paying for passive ads on pages like Kijiji, we can instead target our ideal rental candidate through social media.

By using the data we collect each year through our CRM, our office can work to identify the specific demographics of our ideal rental candidates. We understand where they live, the region we should post ads, the ideal age group, their interests, their habits, and much more. We can then use social media to target these ideal renters, encourage them to visit the website, and then later re-target these same individuals continually.

Our office currently uses marketing services through:

  • Google Ads

  • Facebook Ads

  • Instagram Ads

  • Snapchat Ads

  • Wechat

  • Bitly

  • Mailchimp

  • Twitter

  • Kijiji (and other numerous + similar sites)


Have more questions?

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Elite Service Package

Looking For A Complete Hands-On Rental & Management Service For Your Property?

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The Elite Service Package is a complete management service package, best for those Owners who are not local to Waterloo and require assistance with marketing their suite, securing a new Tenant, performing 24-hour maintenance services, assistance with rent collection, connection to industry and legal professionals, and much more!

This service package includes:

  • 24 hour maintenance assistance for your Tenants

  • In-suite repair coordination

  • Lock-out and key loss assistance for your Tenants

  • Year round marketing of your suite

  • Procurement of new Tenants / renewing of current Tenants

  • Annual suite inspections

  • Monthly rent collection

  • Overdue / outstanding rent collection


Want to Review Other Options?

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Expert Plus Service Package

Do Yo Like The Expert Service Package But Require A Little More Assistance?

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The Expert Plus Service Package Includes Everything You Like In The Expert Service Package, But Also Includes Assistance With Rent Collections!


The Expert Plus Service Package is perfect for Property Owners who need assistance in finding a new Tenant and collecting monthly rent, but are able to manage and coordinate repairs for the property without assistance

This service includes:

  • Your choice of 4-month, 8-month or 12-month rental term

  • Direct access to our industry leading rental team

  • Hands-on rental assistance and market insight relating to your suite

  • Month rent collection from your Tenants

Want to Review Other Options?

Want More Information?

Expert Service Package

Do You Need Help Finding A New Tenant For Your Property?

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The Expert Service Package Focuses Only On Finding New Tenants For Our Property Owners!


The Expert Service Package is perfect for Property Owners who want to manage their property on their own, but need some help finding a new Tenant.

Sage Living includes an industry leading rental department who have achieved 100% occupancy each year since 2014. We understand some Property Owners struggle when it comes to locating a new Tenant, rest assured we are here to help!

This service package includes:

  • Your choice of 4-month, 8-month or 12-month rental term

  • Direct access to our industry leading rental team

  • Hands-on rental assistance and market insight relating to your suite


Want to Review Other Options?

Want More Information?

Essential Plus Service Package

Do You Like The Essential Service Package But Require A Little More Assistance?

We are Here to Help!

The Essential Plus Service Package Includes Everything You Like In The Essential Service Package, But Also Includes Assistance With Rent Collection And Suite Inspections!


The Essential Plus Service Package is perfect for Property Owners who have BOTH their child or friend AND an additional Tenant occupying their suite.

If you own a multi-room suite, require 24 hour maintenance services, would like help collecting rent from one or all of your Tenants AND would like industry experts to inspect your suite - we are here to help!

This service package includes:

  • Your choice of 4-month, 8-month or 12-month service terms

  • 24 hour maintenance assistance

  • In-suite repair coordination

  • Lock-out and key loos assistance

  • Monthly rent collection services

  • Annual suite inspections


Want to Review Other Options?

Want More Information?

Essential Service Package

Do You Have A Friend Or Family Member Occupying Your Suite, But Want 24 Hour Maintenance Requests, and Lock-Outs ?

We are Here to Help!

The Essential Service Package May Be Perfect For You!


The Essential Service Package is perfect for Property Owners who have their child or friend occupying their suite and want the comfort of knowing someone will be there to help their Tenant 24 hours a day.

We understand that many Owners don’t live local to Waterloo and time sensitive problems could occur within the suite which make it difficult for you to properly assist your Tenant with repairs or lock-outs.

This service package is a highly affordable solution offering:

  • Your choice of 4-month, 8-month or 12-month service terms

  • 24 hour maintenance assistance

  • In-suite repair coordination

  • Lock-out and key loss assistance


Want to Review Other Options?

Want More Information?

I'm Looking for New Management Services

Are You Looking For Someone To Help Manage Your Property?

We are Here to Help!


Sage Living offers many management solutions for all property owners.
Please review the links below to help determine the best management solution for your suite.


Essential Plus Package
I like the Essential Package, but would also like help collecting rent from my suite occupant

Essential Package
I will have a friend or family members in my suite, but I may need help for repairs and lock-outs


Expert Package
I can manage the property, but I would like help finding a new Tenant


Elite Package
I would like a full hands-on management service including renting, managing, repairs and more


Expert Plus Package
I like the expert package, but would also like help collecting rent from my Tenant

Selling My Suite What's Next?

Are You A Current Owner Who Manages With Sage Living Who Would Like to Sell Their Suite?

We are Here to Help

… but we may need to check some items for you first.


Did you want to sell your suite conditionally vacant?

OR

Did you want to sell your suite while keeping your Tenant?


Still Have Questions?
No Problem, We Are Here To Help!

Click the button below to contact Sage Living

Selling My Suite + Vacant Possession

We understand you would like to sell your suite without keeping your Tenant…

Here are some things to consider and review when attempting to sell your suite without your Tenant


1. Review Your Management Agreement

CLICK HERE FOR A BLANK COPY OF A STANDARD MANAGEMENT AGREEMENT

Some Owners have signed management agreements with Sage Living for multiple years.
You may want to double check your management agreement and see if this could potentially affect your services or result in additional charges relating to your management service.

If your sale takes place before the end date of your management agreement, you may consider assigning your management services to the individual purchasing your suite. There is no fee for assigning and transferring your current management service package to the purchaser of the suite.

Should the purchaser not wish to receive management services, you should review the cost of cancelling management services early. This is currently listed at a cost of $950 + HST.
*note this fee may increase should the Owner cancel services after Sage Living has secured a new Tenant for the suite in advance for the following year. Please review Schedule A of your management agreement normally found on pages 12-13.


2. Review Your Lease Agreement

All Owners are provided copies of their most recent lease agreements.

Sage Living will sign standard leases with all Tenants.
Each lease is structured to be a minimum 12-months to a maximum 3-years long.
This means that if you have a Tenant who started their lease in September 2021, this Tenant could renew their lease up until August 27, 2024.

You may want to review your current lease agreement to see if the current Tenant will continue with their lease or cancel their lease. Tenants do reserve a legal right to stay within the suite and continue their fixed lease term. This can cause complications when an Owner would like to sell their suite without a Tenant, but the Tenant would like to continue renting the suite.

We are Here to Help!
Sage Living cannot guarantee being able to relocate your Tenant to a new suite, but our office has had a lot of success in relocating Tenants for Owners.
We can offer this as a unique service where an Owner can recruit members of our staff to assist with this specific and unique service request.
CLICK HERE FOR MORE INFORMATION ON USING SAGE LIVING TO HELP RELOCATE YOUR TENANT


3. Contact Sage Living + Notify Them of The Sale

Its very important to understand that selling your suite may result in one of two scenarios:

2. Cancelling Your Management

CLICK HERE FOR TERMINATION OF MANAGEMENT AGREEMENT FORM

This process can take more time, does come at a cost to the Owner and may include various other arrangements. No two management cancellations are exactly the same.

This scenario will normally occur when the Owner wishes to sell their suite and the purchaser does not wish to continue with the Owner’s current services contracted through Sage Living.

First - The Owner would review and sign complete the agreement in full and provide payment to Sage Living.
NOTE: Sage Living cannot begin this process without first receiving payment in full

SECOND - Continue to review and complete the steps as needed and dated on the agreement. This includes the Date of Last Rent Collection, Date of Management Cancellation, and Date of Final Accounting

FINAL - The Management Service will terminate as per the arrangements made within the agreement

1. Transferring Your Management

CLICK HERE FOR TRANSFER OF MANAGEMENT AGREEMENT FORM

This is relatively quick and easy to complete.

This will normally take place when an Owner is selling their suite to someone who would like to continue with the services received by the current Owner.


FIRST - We will require the Owner and the Purchaser complete the Transfer of Management.

SECOND - We will collect the information and work to coordinate the needed adjustments to billing

FINAL - The Management Service will transfer on the provided date within the agreement form


Still Have Questions?
No Problem, We Are Here To Help!

Click the button below to contact Sage Living

Selling My Suite + Transferring Management Services

We Understand You Would Like to Transfer Your Management Services to the New or Future Owner of Your Suite

No Problem, We are Here to Help!


Transferring Your Management Services

CLICK HERE FOR TRANSFER OF MANAGEMENT AGREEMENT FORM

This is relatively quick and easy to complete.

This will normally take place when an Owner is selling their suite and the purchaser would like to continue with the current management services. This will also normally result in the continuation of the lease agreement and rental program.


FIRST - We will require the Owner and the Purchaser complete the Transfer of Management.

SECOND - We will collect the information and work to coordinate the needed adjustments to billing

FINAL - The Management Service will transfer on the provided date within the agreement form

This can be a super easy 3-Step process, but if complications occur, not to worry you can always contact Sage Living - We are Here to Help!


Still Have Questions?
No Problem, We Are Here To Help!

Click the button below to contact Sage Living

Tenant Relocation Services

Need to Relocate Your Tenant to Help Sell Your Suite?

We are Here to Help!

Tenant Relocation Services are a new feature Owners can use to help relocate their Tenants when attempting to sell their suite with vacant possession.


CLICK HERE FOR A COPY OF THE TENANT RELOCATION WAIVER

While we can’t guarantee being able to relocate your Tenant, Sage Living has a high success rate in assisting Owners by relocating their Tenants to different suites.

You may want to review the agreement to familiarize yourself with the conditions of the arrangement:
1. The Owner will pay a set fee to attempt relocation efforts for a minimum of 2-weeks
2. If relocation efforts take longer than 2-weeks, additional attempts and compensation may be required
3. The Tenant may refuse all relocation efforts made by Sage Living, the Owner or the Owner’s agents and the Owner may need to provide additional compensation directly to the Tenant to help convince the Tenant to relocate


Still Have Questions?
No Problem, We Are Here To Help!

Click the button below to contact Sage Living