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Payments Processing

RentMoola and BMO announce next generation PAD solution.

Posted in Communications, Finance, Housing, Industry Trends, Maintenance, New Products, Newsworthy, Payments Processing, Professional Services, Technology

RentMoola and BMO announce next generation PAD solution.

RentMoola has launched its next generation pre-authorized debit payments (PAD) solution designed specifically for the property management industry. In partnership with BMO Financial Group (BMO), RM PAD+ digitizes the pre-authorized debit enrolment for monthly rent payments. The paperless solution eliminates the need for forms and void cheques. It works with any Canadian banking partner and allows the tenant to pay with any payment method, from anywhere. RM PAD+ combines RentMoola’s...

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Province Releases Mandatory Lease Form. Implementation Date: On and After April 30, 2018

Posted in Bylaws / Regulations, Communications, Finance, Housing, Industry Trends, Legal, Legislation, Maintenance, Newsworthy, Payments Processing, Professional Services, Real Estate Law, Tenancy Law

Province Releases Mandatory Lease Form.  Implementation Date: On and After April 30, 2018

As expected, Ontario has introduced the mandatory “Prescribed Lease” to be used for all standard apartment rental units and tenancy agreements which are entered into on and after April 30, 2018.  This means that Landlords will have a very short time frame within which to change their administration process and implement the new form for new tenancies.  Here is a link to the “Standard Lease” form for your review: Standard Lease Agreement You may download a fillable...

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First National’s mortgage investment fund to end by December

Posted in Communications, Finance, Newsworthy, Payments Processing, Professional Services

First National’s mortgage investment fund to end by December

First National Financial announced Wednesday its mortgage investment fund will be terminated by next month. Unitholders are not required to take any action, according to the fund’s manager, Stone Asset Management. Instead, the fund will pay them a special distribution before termination. The payout will be based on the amount necessary to eliminate the fund’s liability for non-refundable income tax under the Income Tax Act. The move comes as the favourable tax treatment for the forward...

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Dream of that single-family home in the suburbs fading fast as highrises move in

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legal, Legislation, Payments Processing

Dream of that single-family home in the suburbs fading fast as highrises move in

Story by: Garry Marr | Financial Post Hamilton builder Jeff Paikin has been in the real estate industry for almost three decades, but his days of building single-family homes may be over. He’s all but given up on detached homes and now focuses on more budget-sensitive condominiums and townhomes in what are ostensibly the suburbs of Hamilton. His latest project in Stoney Creek is the largest single-phase condominium in that city’s history at 470 units. “Hamilton didn’t even have a condo market...

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The On-Demand Economy: Changing the Living Experience for Residents

Posted in Communications, Housing, Industry Trends, Marketing, Newsworthy, Payments Processing, Professional Services, Recreational

The On-Demand Economy: Changing the Living Experience for Residents

Story by Tim Blackwell  |  Property Management Insider Your residents demand what you have to offer, and they want to get it their way. Consumer desire to transact and interact via mobile devices is driving the latest industrial revolution, the “On-Demand Economy.” Sometimes referred to as the “Sharing Economy,” this on-demand market segment revolves around businesses providing goods or services to consumers largely through online platforms or applications. Businesses must be nimble and quick....

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Multifamily Technology Trends for 2016

Posted in CMHC, Communications, Finance, Housing, Industry Trends, Marketing, New Products, Payments Processing, Professional Services, Recreational, Security, Technology

Multifamily Technology Trends for 2016

Story by: Lindsey Schooner  | Zillow.com Once upon a time, your company built a website. Then you went paperless, started using social media and optimized for mobile. This year, will it be beacon technology or virtual reality? Your business doesn’t grow by staying the same, so here’s a look at the rental real estate technology trends that could be game changers in 2016. Technology as an amenity From dinner dates to food delivery, today’s renters use the internet for everything, and they expect...

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How to Accept and Make Online Payments Easier for Residents

Posted in Association News, CMHC, Communications, Finance, Housing, Industry Trends, Marketing, New Products, Payments Processing, Professional Services, Security, Technology

How to Accept and Make Online Payments Easier for Residents

Story by: Tim Blackwell | Property Management Insider A recent report notes that a growing number of retail, entertainment, and travel outlets are turning to self-service checkout kiosks for their customer service needs. For many businesses, kiosks have the ability to enable customers to make their purchases or check in quicker and avoid lines waiting for an agent or cashier. According to a report by Technavio entitled, “Global Self-Service Kiosk Market 2016-2020”, the size of the global...

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Selling the Sizzle to Deliver Value and Retain Residents

Posted in Communications, Housing, Industry Trends, Interior Building, Maintenance, Marketing, Payments Processing, Recreational, Technology

Selling the Sizzle to Deliver Value and Retain Residents

Story by: Tim Blackwell What distinguishes one multifamily community from the other today goes beyond exterior architecture or color choices for walls. The ability to provide residents with the tools to nurture their social lives or improve their living experiences with the same ease as an evening stroll is redefining what separates apartments. The Value of Resident Portals In the past, apartment neighbors really only got to know each other by being outside, chance meetings in the parking lot...

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10 Helpful Tips to Drive Online Payment Adoption

Posted in Communications, Finance, Housing, Industry Trends, Marketing, Payments Processing, Professional Services, Technology

10 Helpful Tips to Drive Online Payment Adoption

Story by: Tim Blackwell Multifamily housing providers may not be keeping up with the trends if they aren’t accepting and encouraging their residents to pay online. The latest apartment industry data suggests that writing rent checks are going the way of shag carpet. According to results from the National Multifamily Housing Council/Kingsley Associates 2015 Apartment Resident Preferences Survey, 78 percent of apartment renters prefer paying rent online. Additionally, the survey mentions 63...

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Manitoba construction looks at prompt payment

Posted in Bylaws / Regulations, Communications, Development, Exterior Building, Finance, Interior Building, Legal, Legislation, Maintenance, Newsworthy, Payments Processing, Professional Services, Restoration

Manitoba construction looks at prompt payment

Story by: RICHARD GILBERT | Daily Commercial News  Construction leaders and contractors in Manitoba have formed a new committee to advocate for the implementation of a Prompt Payment Act, which would be applied to public and private projects in the province. “We are still working to get all the key stakeholders aligned to make sure when we approach the government, to introduce this proposed legislation, that we have a document that everybody agrees to and supports,” said Brad...

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