Useful tips

Who owns CLV Group?

Who owns CLV Group?

Mike McGahan
Mike McGahan is the President and CEO of CLV Group Inc. as well as the Chief Executive Officer and Trustee of InterRent REIT.

How do I pay my rent group CLV?

A: Your rent is due on the first (1st) of the month, every month of your tenancy. The best method of payment is to provide a void cheque or Pre-Authorized Debit form (obtained at your bank), and we will automatically debit your account on the first banking day of each month.

How much does property management cost?

As a baseline, expect to pay a typical residential property management firm between 8 – 12% of the monthly rental value of the property, plus expenses. Some companies may charge, say, $100 per month flat rate.

Who pays the leasing fee?

Once the lease is signed with the tenant, everything gets turned over to the property owner for ongoing management or the property is now being managed full time by the management company. Most property managers who perform this service will charge a percentage of the first month’s rent as a leasing fee.

How do I avoid paying tax on rental income?

4 Ways to Avoid Capital Gains Tax on a Rental Property

  1. Purchase Properties Using Your Retirement Account.
  2. Convert The Property to a Primary Residence.
  3. Use Tax Harvesting.
  4. Use a 1031 Tax Deferred Exchange.

Can you pull out of a rental application?

Absolutely. If you haven’t signed the lease then you can pull out at no consequence other than loosing your holding fee.

How much is the leasing fee?

As such, there is no hard and fast rule on how much this will cost. That said, ongoing property management fees in NSW are usually 5.5% – 6.6% (including GST) of the rent received. So, say you’ve leased your property for $2,800 per month and your agent charges 5.5%.

Do you pay income tax on rental income?

Is rental income taxable? Yes, rental income is taxable, but that doesn’t mean everything you collect from your tenants is taxable. You’re allowed to reduce your rental income by subtracting expenses that you incur to get your property ready to rent, and then to maintain it as a rental.

Do you get holding deposit back if you fail referencing?

This is where referencing comes into it. For starters, if a tenant has provided you with completely accurate information but fails referencing, this will be classed as the letting agent or landlord pulling out of the application process and the holding deposit will need to be refunded.

Can landlord pull out after holding deposit?

The contract was signed by both you and the landlord and you had paid over your deposit and first month’s rent, setting that contract in place. By pulling out after this, the landlord is legally in breach of contract, meaning whatever happens, you have the right to sue her for costs you incur as a result.

What kind of company is CLV Group Inc?

CLV Group Inc operates as a real estate services firm. The Company provides residential rentals, real estate sales and leasing, construction, development, mortgage brokerage, property management, and financial services. CLV Group serves customers in Canada.

Where can I find CLV Group resident portal?

At CLV Group, we strive to make your living experience as convenient and efficient as possible. Our extensive online and mobile tools allow you convenient access to view account balances, make payments and create service requests. To access online resident tools, select your property from the menus below and click ‘Go to Portal’

Where can I find CLV apartments in Ontario?

Choose CLV Group for your new home in Trenton. Offering 1, 2 & 3 bedroom apartments in Eastern Ontario. Finding an apartment in the GTA is easy with CLV Group. Our apartments are located in AJAX, TORONTO, MISSISSAUGA, BURLINGTON & HAMILTON. Now you’re home!

What are the benefits of working at CLV Group?

CLV Group provides growth to it’s employees, learning is a big part of any position in the company. People have a voice and are able to express when they want to take on more responsibility or learn new things. Employees are able to participate in charity events throughout the year.