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Originally Posted by Wookie
Any idea what insurance costs are? As well what appeals the most to renters? Close to c-train, schools, downtown? I guess it all factors in.
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On a condo, you don't really have to worry much about insurance. The condo fees cover replacement costs of the condo building itself (one of the things to check when buying). The tenant will have to worry about insurance for their stuff (content insurance). We carry some extra insurance in case of vandalism and stuff like that, but I think it's only $30 a month or something like that.
When buying a condo make sure your agent has lots of experience with condos and knows what kinds of things to look for when reviewing the condo corporation and it's finances.
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Oh I know they don't pay the condo fees directly.. Just wondered if you can charge rent - then say "condo fees are $220.00, that covers all your heat, water etc. so I you've gotta write me a cheque for that every month" 
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From a renter's point of view, doing it like that just draws attention to the fact that they're paying for your expenses. It's better to advertise it as one rental price.
Plus that also lets you increase the rent saying "oh, condo fees" when the condo fees haven't changed mwahaha...
