Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: James Bronze

James Bronze has started 2 posts and replied 4 times.

Hi,

Currently I am having issues with a tenant that hasn’t paid rent since Aug 1st 2020. This person has not been affected by covid and admits (not in writing) that he knows the tenant board is backed up in Ontario and it will take 6-7 to finally evict him. I have tried the following method to try and get him to move out;

assisting him finding a new place and paying for everything,

cash for key

But all of these were rejected instantly. I told him what an eviction means and it would go on this credit score, but he does not care since he said he can apply for government housing.

I have so far issued an N4 and would issue an L1 this week, but like the tenant saids, I will not be able to fully evict him until 6-7 months since the board is backed up.

I see there is something called an N12 where if I move into the unit, I am able to evict the tenant within 60 days. I have no issue moving into the unit but there is a rule where I must live in the unit for 1 year or he can come back and sue me. I was wondering if that rule can be overridden if I just sell the place after the N12 eviction and I live there for a couple months. I also see that N12 might not even work because I think you cannot issue it unless it is end of term?

(source)http://landlordselfhelp.com/fr...

Does this solution work? Or are there any other solutions that I am not aware of?

Thank you

On page 24 of the residential rental license for Waterloo

https://www.waterloo.ca/en/government/resources/Documents/By-law/Residential-Rental-License-bylaw.pdf

I wonder if my house could be considered a rooming house. That would make things a lot simpler. 

Originally posted by @Cameron Tope:

@James Bronze - We see similar restrictions with our student housing in Athens, OH. 

Landlords either do it illegally by only putting the permitted amount on the lease and leave the others off (I don't recommend this), or by applying for more occupancy with the city. 

Truth is the students might rent the other bedrooms out either way but I would work on getting the right permits in place. 

Best of luck!

So one of the ideas I had would be sublet the rooms that are directly adjacent to each other. It would take a little renovations but essentially i would be merging the adjacent rooms into 1 "room" with a maybe like a sliding door between them. This way I can still rent to two students in pairs if they rent together, and they will still have their own living space, but their rooms will essentially be connected together. When i rent these modified rooms they will have to be rented out as one room large enough for two students. 

Have you seen this being done before? Is this solution viable or should i just try to apply for more occupancy with the city?


Thank you!

Hi,

I have recently purchased my first student rental property at Waterloo which is 1500 sqr feet with 7 bedrooms(3 second story, 2 main floor, 2 basement) and 2 bathrooms. It was after i purchased that i started reading up on the rental licenses and how they limit the number of rooms allowed to be rented to just 4. 

https://www.waterloo.ca/en/government/resources/Documents/By-law/Residential-Rental-License-bylaw.pdf

However, I see other investors in the area with houses similar to mine and they are renting at max capacity. So either they are doing it illegally or there are methods around this system that I am not aware of.  

Anyone have any similar experiences with my situation? Any suggestions on how would I would proceed? Ideally of course I would want to rent out all 7 rooms.