All Forum Posts by: Roy Cleeves

Hi Edward:  I am a Real Estate Broker and an Investor in Kitchener Waterloo, Barrie, Cambridge, Guelph & Burlington.  I can probably help you with any questions you have and can connect you as needed.  

I think you are best to leave it the way that you have done already 

The one lady can move out and they are both still responsible for the rent unless they find a replacement that is acceptable to you.

@Zac Stuart

Hello Zac I can help you with SFH duplex here in Kitchener. I recommend you do Kitchener instead of Waterloo since Waterloo has rental bylaws that eat into your profit each year and also cost a lot to set up since they have a lot required in the initial application. you can read about it on waterloo.ca if you search rental bylaw. Kitchener is more investor friendly. One of my best cashflow rentals is a bungalow with 2 units. 1210 for basement (utilities included) and 1500 (plus 1/2 utilities) for the top.

Thanks @Omar Khan - hello @Alshan San

I would be happy to chat about Ontario with you anytime.  I do have a few homes in Florida and about 13 in Ontario.

@Thomas S.   I agree with you that Ontario has the most Tenant slanted regulations.  However, it is still better to invest in Ontario instead of NOT investing at all.  In the right cities, we have excellent appreciation rates and rental income rates.  It is more of an issue to be very prudent in your tenant selection process.  

We have a good paralegal that we use if we end up with a tenant that we cannot easily get out ourself using the Landlord and Tenant Board N4 and L1 Forms and a hearing.  As @Jay Gill said, it is just part of being a landlord in this province.  The Key is to really screen the tenants.  Get to know them first, and google them and confirm their work and references.

Hi Ralph - I would be happy to review numbers with you on any deal that you are looking at.

6% is popular in Ontario

@Dylan McLauchlan

Love this quote and will use it and I endorse it:

 At the end of the day if a deal will make you money, and is worth the headache take Nike's advice and "Just do it." :p 

Hi Joseph

We can practice with homes in your area.

Pick a newer townhouse or semi-detached in your area and send me the asking price and what you think you can rent it for and I will help you work out the numbers.