All Forum Posts by: Igor Tomic

@Jon Kepler....I just wanna make it clear that I didn't start this petition. It was sent to me to sign. 

Now if you think that board is fair toward landlords don't sign it. Just because you got saved once for 16K there is a lot of people that can't get their tenants out and have to pay for everything. I know everyone should do their due diligence before letting anyone live in their rental but still things can change ( I'm talking from personal experience ) . 

I'm not familiar with boards in other provinces but IMO board in Ontario should be more fair towards landlords.  

The Landlord and Tenant Board does not protect landlords in any form. Tenants are taking over the business and landlords have no options to run a business any longer.

WE STRONGLY VALUE GOOD TENANTS! The bad tenants are changing this business. More landlords are dropping out while others are tightening their standards.

Tenants can get away with non payment of rents, damages, late rent and more! It's not fair and something has to be done to speed up the process for eviction all the while eliminating the cost to landlords.

When a tenant does not pay rent, WHY does a landlord have to wait 14 days for an N4 and wait again another 21 days for an L1 and pay $175 filling fees, plus paralegal costs and still wait for a tribunal date?

At the tribune, the tenants have the right to mediate a payment agreement while thehomeowner's mortgage payments have not been paid, utility bills are behind and credit cards are charged. They even have to file a sheriff eviction at an additional cost of $375 if the tenants do not move after the hearing. This is a business at the highest level and must be changed.

We want to show the Ontario Government that this process needs to change, and Ontario Landlords need more rights to protect their investments. Let's show them, that we are serious.

We ask that ALL LANDLORDS and GOOD TENANTS please sign this petition. We promise to keep our end of the deal and follow through to see our clients, non clients and fellow landlords get the respect they deserve.

Let's see if anything comes out of this

Here is the link: https://www.change.org/p/rent4all-ca-property-mana...

As Cassidy said prices are low and you can find a good cash flow properties. However I can't see any appreciation without actually upgrading a property. If you are expecting GTA type of appreciation (buy and hold for a few years, and you could pocket great cash) you won't find it here, especially in multi fam. If you decide to go for more expensive property that might appreciate a bit in a few years you won't get cash flow. 

This is all my opinion and research. I might be wrong.

Hope that helps

I don't know any reliable contractors either.

In Windsor it is not too hard to find properties that are returning 1% or slightly over it....however we will never get an appreciation like you guys in GTA and Ottawa area. 

As for outside of province investors I don't see why we should discourage them. Proper tenant screening is mandatory in every part of North America. Yeah rules are bit more strict for landlords but I still think Ontario is great place to invest. Just look at the numbers where most immigrants move to and you should be happy with those numbers ;)

Great topic guys but am I missing something here or noone is getting not even 1% rent on their purchase price? Also I'm wondering are you guys talking numbers rent plus utilities or all included?

So far I have one duplex that I picked up last year for 100K and it rented for 1450 a month. They pay their own hydro and gas and I pay for water.

Just found great property listed at 69K that is rented for 850 plus. It is SFH tho. I'm just stuck trying to save 20% for my next property

Thanks for your reply. Thing is that I don't know too many agents and ones I talked to seem all secretive about the whole business. A lot of info I found doesn't really mean much since is not in my city

Hi guys. I'm in process of getting my licence and also I started to research companies I could work for in my city. 

Now what I did is looked on MLS for my city to see which company has the most amount of listings. Does this make any sense? In my eyes more listings mean company is more popular and could provide more properties for sale.

Usually don't like this dude but he is good in here. Very good video. Thanks for sharing

I don't think there is a big difference between Canada and US. Rules are pretty close and markets as well. I invest in Canada