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Unpaid rent, arrests, arson: Fed-up landlords fight back 

CBC News: The National
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Small Ontario landlords are calling out bad tenants and what they say is a system that allows them to get away with it. CBC’s Ioanna Roumeliotis talks to fed-up property owners who say a broken Ontario Landlord and Tenant Board is pushing them to the edge and forcing them to find new ways to fight back.
#news #realestate #ontario
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21 сен 2024

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Комментарии : 2,4 тыс.   
@CBCTheNational
@CBCTheNational 4 месяца назад
We’ve opened comments on this video to hear your ideas and experiences related to this story. Comments remain closed on other posts to try to reduce harm to the subjects of our content, our staff and the audience.
@marianam8643
@marianam8643 4 месяца назад
Considering you are inconsistent in your openness to comments at the cbc, you don’t deserve to get feedback.
@VitoAnthonyD.-ow7oo
@VitoAnthonyD.-ow7oo 4 месяца назад
You should be ashamed of yourself in the first place supressing free speech while you enjoy the freedoms of Canada and the money of taxpayers who despise you.
@suemulligan3219
@suemulligan3219 4 месяца назад
This is synonymous as legally "Robbing" the landlord. This should be treated as a criminal offense same as theft from the grocery store.
@finding_the_fantastical
@finding_the_fantastical 4 месяца назад
Surely the bias you folks have securely wrapped around yourselves will keep you safe from any harms caused by written words 🙄 what a joke you have become......
@CynthiaPace-n7v
@CynthiaPace-n7v 4 месяца назад
@cbcthenational @marianaam8643 I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me when someone passed away. In any case, I take personal responsibility for screening MY clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected - again I’ve never had a problem with my one property! Ever. But there’s more to the story and CBC knows it. As usual, CBC has no problems presenting a biased, one-sided story because it suits their goals or narrative. Right now many of the landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom & Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible “in part” for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we land lords are not getting so much sympathy. Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter. However, the landlords whine and complain that they didn’t get ahead as much as they hoped when they bought the property not giving a hoot that there is a dangerous housing crisis in this nation and that 99.9% of young Canadians are already priced I’ve ever buying a home. I know they don’t care about that. They just want to get a head. MEANWHILE they have no issue throwing a family that’s starving, or otherwise completely destitute people, out on the street. Like literally. Because they want their money. Again, I feel for both sides and I am Landlord with one inherited property myself. HOWEVER the issue goes beyond the hope to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up dangerous crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute people literally onto the street. But hey, it’s all about you isn’t it?!?! Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage if it’s not rented. And since 30% of ALL rentals are owned by Mom and Pa there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And quit complaining - even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. So you get a big nice profit out of it even if you do sell. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out in the first place - if they’re too much hassle for you and the risks are too much, then don’t jump in the first place. (3) Learn how to screen tenants properly and take responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … (most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others). But if you CAN afford to keep your rental property, empty, then pay a empty homeowners tax which will go up every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street. Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
@maranorth
@maranorth 4 месяца назад
The tenant set fire to that man’s house but still had rights as a tenant!! That is total madness. The system is not only broken, it is creating dangerous and desparate situations.
@vickyarvanitis1627
@vickyarvanitis1627 Месяц назад
@@maranorth yes it really is. Being forced to live with violence, abuse or threatening behavior is extremely stressing and dangerous.
@Crazylab1616
@Crazylab1616 23 дня назад
Yep... And if that fire set other houses on fire next to them this landlord would be so screwed.
@edward8972
@edward8972 19 дней назад
It’s really unfortunate, but I’m sure it didn’t get there all by itself. Landlords need to learn that asking someone entire monthly wage just for rent isn’t acceptable. The. System needs to work for everyone not just landlords which the system already favours significantly, you can’t blame tenants for gaming the system the same way landlords games the system for maximum profit. Landlords have never had it better in terms of equity.
@sjappiyah4071
@sjappiyah4071 12 дней назад
@@edward8972 This is just ignorant of what’s occurring in the video… Whilst there is absolutely a class of corporate landlords who are greedy and jacking up the prices , most of these landlords are small mom & pop renters. They’re charging either market price or below. Mortgage rates, interests rates and insurance rates are all sky rocketing. Thus asking for tennsnts to pay their rent is not “gaining the system “. It’s one thing if tenants are gonna be a bit behind on rent and communicate clearly, hell I’ve been there. Setting your apartment on fire however helps no one and just makes the problem worse as that’s one less unit in the market…lower supply higher prices.
@RobertMichaelTodd
@RobertMichaelTodd 9 дней назад
but also capitalism is killing more people... so...
@ktefccre
@ktefccre 4 месяца назад
The LTB has failed both honest tenants and honest landlords. The system needs to punish bad actors on both sides.
@gloverelaxis
@gloverelaxis 4 месяца назад
there is no such thing as an honest landlord. they are all parasites who leech from the poor
@michaelpark5681
@michaelpark5681 4 месяца назад
I would like to know the country of origin of the tenants in this story.
@TheGibztang
@TheGibztang 4 месяца назад
@@michaelpark5681you sound like one of those landlords in @ktefccre story. Do you not think there are honest tenants in Canada?
@kysfggt
@kysfggt 4 месяца назад
why would the system do that when it gain more money because of bad actors
@Michael-pg7rv
@Michael-pg7rv 4 месяца назад
It's because the public service employees that our tax dollars pay for are all working from home and are not doing their job. There are 3 times more employees at the LTB since before the pandemic but only since they started working from home we have experienced a backlog. Get these people back in the office! Same goes for our federal public service workers who are fighting to remain working from home and don't want to be in the office even 3 days a week.
@hournazghandehari4746
@hournazghandehari4746 4 месяца назад
Can someone tell me why nonpayment should not equal automatic eviction?? Is there any other service that you can use and not pay?! Can you eat at a restaurant and leave without paying?! This is theft! Its a crime!! My tenant has an income of 250 k annually, 2 VERY high end SUVs in the driveway, and hasnt paid since day 1!! Just because he can. This is the result of a broken system that allows and perhaps promotes this criminal behavior. Nonpayment of rent should be immediate automatic eviction, period.
@loveeveryone8057
@loveeveryone8057 4 месяца назад
That is why every landlord should have an Uncle Tony.
@omarsharif2456
@omarsharif2456 4 месяца назад
Bcoz democrats run the country
@jaredroussel
@jaredroussel 4 месяца назад
What's theft is you getting a mortgage and feeling entitled to someone else footing the bill. You're as scummy as the brown guido in the video. Do you have his watch and hairstyle too?
@Tonka523
@Tonka523 4 месяца назад
Pretty much every business that extends credit takes that risk. Sell the house if you can't handle tenants without crying about it online 😂
@RogerHelmkay
@RogerHelmkay 4 месяца назад
@@Tonka523so u are ok with tenants nit paying their rent
@mgdubya27
@mgdubya27 4 месяца назад
Bravo to CBC for allowing comments on RU-vid. So proud of you for this historic breakthrough.
@nancyneyedly4587
@nancyneyedly4587 4 месяца назад
The news comment sections have turned into a place for divisive trolls and bot comments so it had to happen unfortunately.
@doncorleone2713
@doncorleone2713 4 месяца назад
@@nancyneyedly4587 CBC is taxpayer funded and not allowing comments is pathetic.
@mgdubya27
@mgdubya27 4 месяца назад
@@nancyneyedly4587there's no excuse.
@abcdedfg8340
@abcdedfg8340 4 месяца назад
​@@nancyneyedly4587 Whatever. If you cant stand the truth. You dont have to read the comments section
@Michael-pg7rv
@Michael-pg7rv 4 месяца назад
Honestly. This is where our voices are heard.
@laoxshousebuildingtidbits7760
@laoxshousebuildingtidbits7760 4 месяца назад
Somebody should sue the Landlord and Tenant Board for dereliction of duty.
@Joce123
@Joce123 4 месяца назад
Why?
@ashleyc506
@ashleyc506 4 месяца назад
@@Joce123 Because they don’t serve their purpose.
@vickyarvanitis1627
@vickyarvanitis1627 4 месяца назад
Im trying to start a human rights complaint against them for forcing me to live with harrasing discrimination in my own family's home.
@Joce123
@Joce123 4 месяца назад
​@@vickyarvanitis1627Not enough information to understand what you're talking about
@desMachina
@desMachina 4 месяца назад
Spoken like a landlord
@johnly7688
@johnly7688 29 дней назад
What about a class action lawsuit against the LTB? They deserved to be held accountable
@16faheemkhan
@16faheemkhan 12 часов назад
It appears they deliberately keep the backlog as it in order to ask for more funds from the government...
@GUNNYCANUCK
@GUNNYCANUCK 4 месяца назад
This is a failure of Provincial governments, it's time to make them liable for all of this loss.
@churblefurbles
@churblefurbles 4 месяца назад
No its a failure of the pro migrant population.
@abcdedfg8340
@abcdedfg8340 4 месяца назад
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward. Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it. Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
@spiderjerusalem6887
@spiderjerusalem6887 4 месяца назад
Federal immigration policies did this. Nobody could outbuild the mass invasion the feds have invited. We now know they've been letting in terrorists under the student visa program, too. Stop blaming premiers when the problem is mostly the feds.
@SpaTelliteAM
@SpaTelliteAM 4 месяца назад
Yes, Protest! To the provincial halls & buildings!
@skillcoiler
@skillcoiler 4 месяца назад
I mean I can solve every single one of these landlord's..... problems.... They can just sell their extra homes to people who want to live in them and then they would have NONE of these problems they are on here crying about....
@alessandroraimondo7593
@alessandroraimondo7593 4 месяца назад
The LTB is a joke. Automatic eviction for non-payment of rent. Simple as that
@Waterlily477
@Waterlily477 4 месяца назад
👍🏻
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@MsJigsaw79
@MsJigsaw79 3 месяца назад
​@@canadaprosrent is set by market supply and demand.
@naomirachel9161
@naomirachel9161 3 месяца назад
That’s not a good idea for many reasons, sounds simple but there are complexities
@Happyduck1995
@Happyduck1995 3 месяца назад
Yes if its automatic lease cancellation if I want to leave. It's a free market after all :D
@paulsz6194
@paulsz6194 4 месяца назад
So if the Homeowner runs out of money,and theBank repossess the home, does the non-paying tenant become of the responsibility bank? Does theBank have to go through the tenancy board to evict the tenant? This is crazy. Who in their right mind would want to invest in residential property in Canada ? 🇨🇦
@JaksIRL
@JaksIRL 4 месяца назад
People who want a home to live in should be the only ones investing in residential property.
@brianlagace57
@brianlagace57 3 месяца назад
Trudeau wants Canadians to go bankrupt and be homeless. Trudeau is destroying affordability. Liberals and ndp need to go
@brianlagace57
@brianlagace57 3 месяца назад
The bank has the police escort the renters off the property leaving their valuables behind when they foreclose and the home and furniture is auctioned off or sold. The banks are assisted by the government landlords are not. Owning a rental home today in canada is a financially dangerous investment with new liberal and ndp laws. This is one reason homeless numbers are multiplying
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@missindependent1973
@missindependent1973 3 месяца назад
@@canadaprosexactly! 👍
@bernie6355
@bernie6355 4 месяца назад
I was a landlord twice. Never again.
@robertbouchard6719
@robertbouchard6719 4 месяца назад
References? It doesn't pay to be a slumlord....If you didn't call their employers and at least 3 references then it's your own fault! Stop crying.....
@tedebayer1
@tedebayer1 4 месяца назад
@@robertbouchard6719 slumlord...that's quite an assumption. How do you know he didn't call refences?...and even if he didn't a contract is a contract regardless, a service for payment. If you get a meal at a restaurant and then skip out without paying, was it the restaurants fault? Its attitudes like yours, why this guy doesn't want to rent anymore.
@vickyarvanitis1627
@vickyarvanitis1627 4 месяца назад
This is exactly why there is a lack of affordable housing. Landlord's are fed up. The tenency board needs to be shut down.
@tRaInWrEcK4751
@tRaInWrEcK4751 4 месяца назад
@@robertbouchard6719 Guess what, people with bad credit or bad history will live on the streets regardless of how they changed because we are fed up. Don't worry scum landlords like you that think this is okay will all end up on the streets. Dont come crying to us "slumlords" when that happens. Myself and many other landlords are fed up. My tenant is doing the same thing despite paying less than market rent. Once I toss him out I am just going to hold the house or have family live there or even use Airbnb I am never providing housing to someone again
@tRaInWrEcK4751
@tRaInWrEcK4751 4 месяца назад
@@vickyarvanitis1627 exactly why I am done, my house is being held hostage while I am stuck renting and paying for my home because my tenant is defaulting. I am done and everyone I know thats a landlord is done. When i retake possession I will never rent again, going forward I'll just do airbnb
@sherri9300
@sherri9300 4 месяца назад
Our government needs to get back to work and give the service that we need !!! This is bs !
@Wilem35
@Wilem35 4 месяца назад
LOL, with Doug Ford. He took all protections away for both small landlords and renters. If you aren't a big player who can line the conservative pockets you're a nobody to him.
@RobbyHartman
@RobbyHartman 4 месяца назад
Why do you rely on the government?? Unreal ...
@abcdedfg8340
@abcdedfg8340 4 месяца назад
We also need to start addressing a huge elephant in the room. Our abysmal vacation time. Plenty of people i know work slowly because they have nothing to look forward. Cant enjoy their salary and cant even get time to properly do the things they like. Why should they be productive? They are not benefitting from it. Most of world gets 3 to 4 weeks minimum, and europeans in particular are much more productive than us. Maybe giving people something to look forward too will help address our productivity crisis? Or is that too controversial for the cbc? Is it too controversial to say we are only healthy for so long, and would like to enjoy that time while we can?
@RodneyR1986
@RodneyR1986 4 месяца назад
The problem is the current government is working and this is the result of their work.
@Nohandleentered
@Nohandleentered 4 месяца назад
Generic reply to generic comment
@MrAk519
@MrAk519 4 месяца назад
Once my tenants are gone, I’m done renting to. To much of a risk
@abcdedfg8340
@abcdedfg8340 4 месяца назад
Good. There are other things to invest in. Maybe you will sleep easier profiting off investments that dont cause people to worry about groceries or bills or homelessness.
@talksickgamer
@talksickgamer 4 месяца назад
@@abcdedfg8340 He didn't say he's going to sell the property, dingo. His comment only indicates that there will be one less rental property, further increasing demand. Making career-tenants like yourself to get rekt by the ever increasing rents due to lesser and lesser supply.
@skillcoiler
@skillcoiler 4 месяца назад
Before you do convince at least one other landlord you know to sell their extra homes to someone who will you know live in them too....
@talksickgamer
@talksickgamer 4 месяца назад
@@skillcoiler keep on dreaming, renter boy. Most career renters can't qualify for a car loan, let alone a mortgage with their sub 500 credit scores.
@skillcoiler
@skillcoiler 4 месяца назад
@@talksickgamer I own my house. Paid off even. But thanks for trying.... Oh and one of the bigger problems is the parasite landlord class. If we can get rid of that people can actually own their own homes.... weird.
@yaniragonzalez
@yaniragonzalez 3 месяца назад
My experience is from the other side of the story. I'm from Guatemala, me and my family moved to Canada on September 2022, because where coming with a child I decided to rent and pay in advance.... the landlord asked 6 months and I did that payment. When we came, the house was not the same we had seen in the photo's post. Was almost the same as the pictures at the beginning of this video. Everything was so dirty that we couldn't even put the luggage down on the floor. We asked our money back but month after month the landlord refused and threatened us. Plus in the apartment upstairs where living some drug dealers. It was terrifying. We spent a year of our lives in that situation until we were free. We asked for help after all institutions we knew, went to the Tenant board, to the police, to lawyers; but they said there were nothing to do, except moving out and losing our money. I can tell. The legal system must change in this matter, because it is failing.
@Mystic_Light
@Mystic_Light 4 месяца назад
You know what's missing from this story? The manner in which governments are ensuring citizens can not get ahead financially. At every turn, the average person trying to stay above water financially, is burdened, reburdended, and overburdened to ensure that they can never get ahead. That's what absolute power does...keeps everyone else down.
@jrlad7271
@jrlad7271 4 месяца назад
Great story showing the other side of the coin. I am a small landlord with amazing tenants, but I know other landlords with horror stories like this. I've also seen nightmare landlords. Good landlords and good tenants need to band together to lobby the government to fix Ontario's Landlord & Tenant Board. The LTB needs to address BOTH bad tenants and bad landlords within a month, not a year. A broken system is hurting only responsible tenants and landlords.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@rometimed1382
@rometimed1382 3 месяца назад
@@canadapros Dude if you are saying homeowners need to subsidize 70%-150% of renters living that's not going to happen. You simply won't have anyone renting out homes. When that happens those who are renting them out will be charging even more.
@lloydmcknight
@lloydmcknight 13 дней назад
@@canadapros you are copy/paste comment. and your comment doesn't even make sense, totally illogical and don't understand basic business moto.
@sjappiyah4071
@sjappiyah4071 12 дней назад
Well said
@gardencity3558
@gardencity3558 2 дня назад
@@canadapros Your post makes no sense. Rent, like other costs of living, are driven by demand. The government is in control and failing miserably as governments always do. The CBC of all pro government , lef tleaning media outlets is even exposing this reality. Please tell me where these rental that make %150 on my money are.
@RobTheMusician1
@RobTheMusician1 4 месяца назад
It's very nice to see how our government gives our money to foreign entities but refuses to increase the budget of critical infrastructures in our country.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@AxeRyan80
@AxeRyan80 19 дней назад
@@canadapros We could almost be friends.
@cathryncampbell8555
@cathryncampbell8555 4 месяца назад
I know a retired couple who owned a rental property & who got hosed by their renters. They had to repair their home after the renter eventually left, & they then sold the rental home. There are too many irresponsible people out there who rely on their right to inhabit properties for free.
@mykeprior3436
@mykeprior3436 4 месяца назад
Wonder if they charged 1000/room :P These LLs tend to be the cause of their very demise. People don't like being preyed on. LLs have been doing it for years but its been truly predatory since 2019.
@robertcarducci3807
@robertcarducci3807 4 месяца назад
This is all part of the liberal mindset. When one votes lefty, this is what one gets.
@ryans1623
@ryans1623 4 месяца назад
@@mykeprior3436 Just pay your rent, and treat the property like you would your own, its not rocket science Ive never had problems with a landlord, always nice and pleasant.
@mykeprior3436
@mykeprior3436 4 месяца назад
@@ryans1623 lol this guy, trolling the comments to call me out. Clearly a boomer without a single real life problem like working two jobs and still considering being homeless in order to ever have a shot at their own place.
@ryans1623
@ryans1623 4 месяца назад
@@mykeprior3436 What do you know about real work, try working offshore oil rigs, undersea welding you wouldnt last a hour much less a day, 2 jobs at starbucks and walmart dont cut it, and im not a boomer, they would be far to old to do strenuous work like that, get useful skills, that are needed and you will have the money to buy your own place, gender studies isnt it.
@CrazyPato1979
@CrazyPato1979 4 месяца назад
I don’t understand how it is too difficult for good landlords to get bad tenants evicted, but it is too easy for bad landlords to evict good tenants only to raise the rental prices and re-rent it. 🧐
@Shirleygirley
@Shirleygirley 4 месяца назад
Right now it’s a vicious cycle. Everything has gotten so expensive! Thank our wacko government!
@ashleyc506
@ashleyc506 4 месяца назад
Because the good tenants leave willingly and move on while the bad tenants dig their nails in while going through the years long eviction process.
@alanj9978
@alanj9978 4 месяца назад
Because good tenants obey the rules and leave when told. Bad tenants just ... don't.
@CrazyPato1979
@CrazyPato1979 4 месяца назад
@@alanj9978 we should have a way make bad tenants rent from bad landlords only lol
@SCKEVERD
@SCKEVERD 4 месяца назад
As much as Landlords wait far too long, Tenants wait even longer. Bad actors aren't held accountable as a result.
@kristinashepherd3003
@kristinashepherd3003 7 дней назад
People don’t realize when small Mom and Pop landlords are gone they will be renting from some hedge fund company at 3x the rate they are renting now . I’m tired of small landlords being vilified . (I’m not a landlord) but a homeowner who sees how housing is becoming a commodity and it’s concerning.
@petiteange08
@petiteange08 4 дня назад
Exactly. I considered becoming a landlord to help pay my mortgages. Not looking to exploit anyone, it's just that housing is way too expensive right now and I thought it could benefit both me and my tenant as I'm only aiming at an affordable price (I would still pay for a good portion of my mortgage). But in the end I didn't want to risk it. The current system is removing small landlords from the market and all that will be left are the bigger corporations.
@zipzap4706
@zipzap4706 4 месяца назад
I am a landlord and I am of Southern Italian descent. I have cousins who, let’s just say, operate by a different set of rules than us regular people. They have a property management company that manages all of my properties. They introduce themselves to all my tenants early on in the rental process. I have never had 1 tenant miss a rent payment in 18 years.
@googleuser-one
@googleuser-one 4 месяца назад
The only way to ensure people follow the rules.👍
@raymondacbot4007
@raymondacbot4007 4 месяца назад
Your cousins are criminal thugs? Sounds like a good case of boom boom bye bye
@MarieDuplessisYT
@MarieDuplessisYT 4 месяца назад
Still waiting for my order from LTB. Owe $25k in rent, threats to torch condo. This story is one many of us are experiencing
@joka5345
@joka5345 4 месяца назад
Buy stocks instead 😂😂 stop buying limited assets
@CynthiaPace-n7v
@CynthiaPace-n7v 4 месяца назад
Oh, stop it drama queen. Claiming that you’re ALLEGEDLY getting threats to torch your property should be a civil should be a legal issue handled by the police!!!
@paulinegauthier1867
@paulinegauthier1867 4 месяца назад
​@@CynthiaPace-n7v- They can't do anything until they've actually committed a crime. Our justice system is a joke.
@MarieDuplessisYT
@MarieDuplessisYT 4 месяца назад
It is being handled by police. You have no clue about this
@ashleyc506
@ashleyc506 4 месяца назад
@@CynthiaPace-n7vHappened all the time when my family had a squatter.
@Xxl311
@Xxl311 4 месяца назад
My parents were also a victim to a tenant that refused to pay rent for months and has done this to multiple other people. It’s just sick that they get away with this. WE NEED STRICT PUNISHMENTS FOR PEOPLE DELIBERATELY NOT PAYING RENT.
@seanothepop4638
@seanothepop4638 4 месяца назад
Right because that won't get abused. This story is as old as time, your parents rented a space in a housing crisis where renting and keeping a space is precarious regardless of employment. That means 1. In any event that results in eviction one party is homeless. 2. Human rights need to veer in preventing homelessness befor non-homeless people are helped by recouping owed monies. It's literally laid out step by step and relates to the human rights. THe good news is what you think should happen won't, but that doesn't mean a better solution doesn't exist. With your ignorance I know it does for certain! :D
@seanothepop4638
@seanothepop4638 4 месяца назад
AND if people have a problem with that, they shouldn't rent out space eh? Sounds like they shouldn't have. Your parents were scammed by this country. Make no mistake.
@EvansBoy1992
@EvansBoy1992 3 месяца назад
Maybe your parents should not live off the back of their tenant and get a job.
@justinericketts1434
@justinericketts1434 3 месяца назад
@@EvansBoy1992a lot of small landlords are retirees or close to retirement ages. These are people who have already worked 25+ years, contributing to Ontario’s economy . Bad tenants shouldn’t be allowed to abuse them like this.
@EvansBoy1992
@EvansBoy1992 3 месяца назад
@@justinericketts1434 then sell it.
@lakenbanks9426
@lakenbanks9426 3 месяца назад
Why isn’t non-payment of rent considered theft? Send them to jail
@xuandian
@xuandian 4 месяца назад
Too much focus on the landlord-tenant relationship and unpaid rent. Bad actors are able to harass other tenants in their buildings on a daily basis and create an unsafe and uncomfortable environment for everyone with little to no consequence. It is in everyone’s best interest if such people are evicted faster. In fact, we need certain redlines which, when crossed, result in automatic evictions
@seanothepop4638
@seanothepop4638 4 месяца назад
Right because that won't be abused on innocent people, and it doesn and they get evicted. You don't have to be problematic to be easily evicted right now that's the problem. It's happeneing, what you want is happening, just to everyone, not people you specifically have intrusive thoughts about.
@ashleyc506
@ashleyc506 4 месяца назад
@@seanothepop4638 It usually takes at least a year to evict the most destructive, non paying tenants in Ontario. “Easy evictions” in Ontario only exist in theory.
@maryg4082
@maryg4082 3 месяца назад
@@ashleyc506 Hearing times for non payment of rent are now down to 4 months. If they would go back to in person hearings, the times would be even shorter.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@strong60s
@strong60s 4 месяца назад
Best thing we ever did was sell our rental property! The stress-relief was incredible!
@pkguy3
@pkguy3 4 месяца назад
did the same about 10 years ago after going through it with one problem tenant
@abcdedfg8340
@abcdedfg8340 4 месяца назад
Glad you learned that life is also to be enjoyed. Now lets try to be nicer to tenants too. And lets try to make it more affordable in general. Why did we create a society where we struggle to afford to live, only to retire, get unhealthy, and be old having done almost none of the things we wished to do? It seems like a terrible waste of our lives. We are only young and healthy once, lets try to to enjoy it and also be responsible. We are not machines, there are many things to do outside work. The most productive places have generous time off, 3 or 4 weeks seems to be minimum in them. Otherwise employees may simply stop caring, which could be a huge factor in our productivity crisis which does not seem to exist in europe or most places with reasonable minimum paid time off.
@PerryChelsberg-so4jk
@PerryChelsberg-so4jk 4 месяца назад
​@@abcdedfg8340if tenants look after the property and pay the rent on time do get treated with respect unlike bottom feeders lovers who destroy the property and don't pay the rent.
@MihaiRUdeRO
@MihaiRUdeRO 4 месяца назад
Every business venture is a risk, it's not the government's responsibility to guarantee your profit
@junwu1793
@junwu1793 3 месяца назад
​@@MihaiRUdeROyou are right, if your rent doesn't cover your mortgage, it's not government job. It's your problem. But if someone stay in your house not paying rent, it's traspassing, law is law, no exception.
@VandaPietrantonio
@VandaPietrantonio 4 месяца назад
What makes people think they can live rent free. It seems that people think rent is optional.
@seanothepop4638
@seanothepop4638 4 месяца назад
right most people think that way lmao. There you go you discovered and solved a thing. Most people, hey world! Most people think they don't have to pay rent, you can tell because most of the world's renters aren't paying rent. Check your head, check your mom's head (she gives the worst)
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@VandaPietrantonio
@VandaPietrantonio 3 месяца назад
@canadapros That does not mean one can choose not to pay rent. Obviously you never have rented. The rent never covers everything. Some renters demand and also wreck the premises. Being a landlord is.not a charity business.
@blueberryrazz8637
@blueberryrazz8637 3 месяца назад
What makes landlords think that their tenants are supposed to cover their whole mortgage so that THEY can live for free?
@enriquelondono4526
@enriquelondono4526 2 месяца назад
Finally got rid of the tenants. My repairs are $45,000 and counting , no renters for me.
@andrewshaw7929
@andrewshaw7929 4 месяца назад
We had eight units total in the Barrie area, now we are down to three, soon to be two. Being a small landlord in Ontario is too much of a gamble financially for us now. One interaction with the LTB, drawn out over 16 months is proof enough to be done with renting out residential property. I wish all on both sides the best of luck. We'll be observing from the sidelines now.
@thisgoesnowhere
@thisgoesnowhere 4 месяца назад
Good
@beckhurrell4026
@beckhurrell4026 4 месяца назад
@@thisgoesnowhereI get where you’re coming from with this, but if nobody’s a landlord, there’s nowhere for people to rent. Do you honestly believe the government is going to just skip right to it and completely overhaul the system?😂 I talk to people like you, who think nobody should invest in real estate, all the time, and I’m absolutely in for policy to ensure ethical landlord/tenant agreements, but I can’t fault someone for trying to get a leg up in life through property ownership.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@User9865-b8u
@User9865-b8u 4 месяца назад
This is outrageous. This is the very reason why decent tenants are pained and can't find rent. This is completely broken.
@katelaloba8243
@katelaloba8243 4 месяца назад
Exactly
@mykeprior3436
@mykeprior3436 4 месяца назад
The reason has nothing to do with this. it's landlords waiting to be able to raise prices again.
@TakingbackCanadawithKatie
@TakingbackCanadawithKatie 4 месяца назад
And it’s intentional.
@ashleyc506
@ashleyc506 4 месяца назад
@@mykeprior3436 When a squatter trashes a place and leaves a landlord in the hole, where do you think that money to recoup the losses comes from? It comes from the good, paying tenants. You can hate on landlords all you want, but that won’t change the fact that it’s the good tenants that pay for the bad tenants in the end. If you’re on the side of squatters rights, you’re on the side of higher rents.
@XetaXones
@XetaXones 4 месяца назад
No speculation is. Landlords want higher prices and then complain when others want the prices to go down so they can afford.
@shanti888
@shanti888 2 месяца назад
Isn't it theft when you don't pay for goods or services?? A crime !
@autumnmcewing9211
@autumnmcewing9211 4 месяца назад
How did squatters get rights in the first PLACE .???
@michaelshih8163
@michaelshih8163 4 месяца назад
after trudeau came to power in 2015.
@blurtam188
@blurtam188 4 месяца назад
@@michaelshih8163 It's been like this and getting for more than 2 decades - and doug ford is in power and completely supports the freeloading scumbags
@frankdenardo8684
@frankdenardo8684 4 месяца назад
​@@michaelshih8163 Justin Trudeau needs to be thrown out of office.
@A.I.Silicate
@A.I.Silicate 4 месяца назад
@@michaelshih8163 Man, you are going to be disappointed when all of Canada's problems don't go away after Trudeau is gone.
@ashleyc506
@ashleyc506 4 месяца назад
@@michaelshih8163Squatters have been around long before Trudeau. My family had a squatter in the early 2000s.
@DocSnotty
@DocSnotty 4 месяца назад
Sue the ontario govt. Class action suit. Any lawyer who can say if this has any chance of success
@kcostain
@kcostain 4 месяца назад
We tried to facilitate that twice at SOLO. That's a tough road. More about that on our Wiki.
@fila6243
@fila6243 4 месяца назад
no chance. you might be better off buying lottery tickets. I just won 2 bucks myself.
@elypevets5633
@elypevets5633 4 месяца назад
In Canada you cannot sue the government. That's the Canadian way
@rohitnijhawan5281
@rohitnijhawan5281 4 месяца назад
Check the sunshine list of all agencies, boards, commissions related to LTB and its offshoots riding high on the goobermint dole. that's where the truly infuriating issue is.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@mehtaank1
@mehtaank1 4 месяца назад
This is gross failure due to poor policy making by incompetent politicians we have elected provincially and federally!!!
@GomChingu
@GomChingu 4 месяца назад
or.. its working like how they wanted...
@robertcarducci3807
@robertcarducci3807 4 месяца назад
No, Canadians voted for this. This is self-inflicted. They put McGuinty in power and then the lesbian. Then they put in Doug Ford, a closet liberal. Get used to this. There is more coming. They could have voted for the New Blue Party in Ontario and get some relief.
@robertcarducci3807
@robertcarducci3807 4 месяца назад
Are there no incompetent voters? Who put these incompetent politicians in power?
@marjorielicup7514
@marjorielicup7514 4 месяца назад
Should I say selected and not elected🧐
@missf4681
@missf4681 4 месяца назад
In my opinion it's being done to get people to stop renting and sell then the big companies will buy the houses and when they own enough of them in my opinion they will get their cronies to change the laws and after a month or so they can throw them out after a month or two. In my opinion it's all planned. You will own nothing and be happy
@chompybigblock
@chompybigblock 4 месяца назад
Had a tenant that was struggling with paying rent before covid. Moved in another person while my wife and I were at a canucks game. He ended up being her boyfriend and being an awesome fellow who paid the rent on time and covered the past due rent. Got lucky. This was enough to scare us out of being a small landlord especially with all of the covid madness. Have a nice man cave now. Not worth the stress.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@JA-ze6yb
@JA-ze6yb 2 месяца назад
14:50 sums up the landlords minds that wont rent out. I feel that and am on the same mindset after going through something similar with bad experience myself. I have 3 bedrooms to potentially rent out. I wont do it, because there are no protections for me if the tenants stop paying again. My spouse and I are younger(late 30s) and we made the right moves to get where we are and I wont risk our finances, property, and safety when such potentially bad outcomes still are possible. I feel bad for the honest renters.
@Ketograndma
@Ketograndma 4 месяца назад
Something has to be done to protect landlords against NON PAYING tenants, no wonder property owners do not want to rent. This is such a common story. I had a tenant that stopped paying in covid and got away with 2 years free rent, TOOK THE STOVE AND FRIG, AND DEMOLISHED THE APARTMENT. I had to replace "ALL" the flooring, drywall the walls from numerous holes. THey let their dog urinate all over the apartment. THen on top of that they did not pay the water bill and the $2,790 was ADDED TO "MY" taxes. GOOD GOSH! LET's MAKE RENTIN AS FAIR FOR LANDLORDS AND IT IS FOR TENANTS. STOP PAYING - GET OUT !!!!!
@gallagherhelen
@gallagherhelen 4 месяца назад
If it's that bad then maybe you should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
@abcdedfg8340
@abcdedfg8340 4 месяца назад
But we have to be careful to also protect paying tenants as well. And perhaps deal with slumlords who may be overcharging for rent for small spaces or may make things up to evict honest paying tenants
@mykeprior3436
@mykeprior3436 4 месяца назад
And protecting tenants from rents above 1/3 median takehome? OH WAIT, screw the poor. wonder why they stopped paying.
@antiprogpragmatist859
@antiprogpragmatist859 4 месяца назад
@@gallagherhelen..dont be such a goof. …🙄
@marlinorig6962
@marlinorig6962 4 месяца назад
@@abcdedfg8340 Honestly I cannot understand any landlord wanted to evict a paying tenant who does not destroy their property. I have had tenants for over 14 years and would not think of evicting them for no reason but a few more dollars rent, and risk getting a deadbeat who does not pay or is always late or someone who will destroy my property and cost me $30,000 in repairs. In our local landlord association I know we all feel the same. We know how devastating it is to have a empty unit that you have to spend thousands on to repair VS keeping a good tenant and having rent payment you can count on.
@danpontoon
@danpontoon 4 месяца назад
I had 2 rental properties and ended up selling both after my tenant heard Ford say don’t pay your rent in 2020. I had just retired and couldn’t take the risk. Also I had to pay my tenant an extra month rent because I was selling. Definitely not worth the headache of being a landlord.
@DrAwesomeTBM
@DrAwesomeTBM 4 месяца назад
good
@gallagherhelen
@gallagherhelen 4 месяца назад
glad to hear you're not a rent-seeking parasite anymore
@mykeprior3436
@mykeprior3436 4 месяца назад
lol, the fact you think you're struggling and can say "had 2 extra properties" makes me belly laugh.
@pgon9097
@pgon9097 4 месяца назад
@@mykeprior3436 you can't read. They did not say they were struggling
@ashleyc506
@ashleyc506 4 месяца назад
@@mykeprior3436 You’ve never heard of the term “money pit”?
@tracywatts1459
@tracywatts1459 4 месяца назад
I had a tenant chronically late with rent . She trashed the house even the bathroom mirror was gone cabinets dismantled holes in every wall. I charged $600 rent for a full suite out of pity to a young single working girl. Lesson learned The damages amounted to more cost than i received in over a years rent. I will NEVER recover that. I’ve Air B and B’d it ever since. It’s more work but it’s also more money and stays in mint condition. A tenant credit system is long overdue in Canada. I would of reported her so the next person would know what they are up against not just the damages but the chronic late rent. Mortgage payments don’t wait for tenants to pay rent.
@markoss3876
@markoss3876 4 месяца назад
If you want to push for tenant credit then I hope you're ready for people to push for equity in your home.
@alanj9978
@alanj9978 4 месяца назад
@@markoss3876 lol good luck with that, renter.
@markoss3876
@markoss3876 4 месяца назад
@@alanj9978 ;)
@markoss3876
@markoss3876 4 месяца назад
Damn, the more I think about this, the dumber it gets. People need homes - you don't need an extra house. No one is making you take on the risk of getting a second mortgage in an effort to use housing as a financial tool. If you can't afford the mortgage, you can sell the house. If someone has "bad renting credit", they're homeless. The idea that the government, which is already dealing with a homelessness/housing crisis, would ever attempt to make it easier for people with 2+ houses to extract further wealth at the expense of renters is pretty nuts. You'd have to be pretty entitled and out of touch to think that. Either don't take on risk you can't manage or learn how to assess potential renters more effectively. Also, how will you "never recover" the damages? Do you think that the value of your home is not going to continue increasing? Are you not now making MORE money through short term rentals? What are you talking about?
@gallagherhelen
@gallagherhelen 4 месяца назад
If it's that bad then maybe you should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
@phatrix111
@phatrix111 4 месяца назад
this is why rent is skyrocketing. instead of 1300 a month, the landlord has to take the risk of years of non payment, so they charge 3700 a month.
@XetaXones
@XetaXones 4 месяца назад
Then theyll get criminals as tenants lol, pricing out law-abiding working class ppl who care about their reputation
@seanothepop4638
@seanothepop4638 4 месяца назад
So that would attract ciminals you know that right? But that's not why landlords are charging that much anyway.
@Alborzhakimi7010
@Alborzhakimi7010 4 месяца назад
This is blatantly false. To raise rent to account for potential non payment is illegal and landlords do not do this.
@kellygarland63
@kellygarland63 4 месяца назад
I’m calling bull on this! There’s no way people would pay triple the rent (on comparable apartments).
@maryg4082
@maryg4082 3 месяца назад
They increase it as much as they can because they became landlords to make money.
@egc04
@egc04 4 месяца назад
my neighbor rented a house to a couple both had good paying jobs he got first and last months rent then nothing for 2 years and had to pay them $10000.00 to move out so he could sell it before he lost it due to non payment of rent ......a friend has an apt in his house he rents out but the tenant has mental problems goes on an off his meds smashed holes in the walls stolen and sold most of the furniture in the apt the anxiety caused my friend to have a heart attack he has been waiting almost 15 months for a hearing with the LTB and it will be a zoom meeting ....why arent these LTB offices open to the public are they working from home ?
@rainorshine7816
@rainorshine7816 3 месяца назад
LTB are too afraid to face people They need to be held accountable just as much as the tenant not paying rent.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@justinericketts1434
@justinericketts1434 3 месяца назад
@@canadaproswhat is this? They’re saying the tenants are paying NOTHING. Not that they should cover all the mortgage
@maryg4082
@maryg4082 3 месяца назад
And if the tenants have good paying jobs, when you get your decision from the LTB for non payment of rent and the sheriff evicts the tenants, you can take your judgement to small claims court and garnishee their wages, put liens on their belongings and ruin their credit rating. If they have money, you can judge against them.
@justinericketts1434
@justinericketts1434 3 месяца назад
@@maryg4082if the tenants do not pay rent for months and owe someone tens of thousands of dollars, are you saying that person shouldn’t try to get their money back? At that point, the tenant has committed theft. Either way, for small landlords it almost never gets to garnishing wages because LTB is so backed up it takes years to get a court date. And if the tenant pays even 1% of the rent they owe, the process starts again and the years long wait too. Lots of bad tenants hold these small landlord hostage. Forcing them to sell their house, go into massive dept or pay out thousands to these tenants to get them to leave.
@Quadster19
@Quadster19 4 месяца назад
So we discourage Canadians from having children that would be 2nd, third, fourth generation citizens and instead bring in massive amounts of immigrants who need a lot of time to adjust to our system. We continue this mass immigration despite a massive housing shortage causing home purchase and rent prices to skyrocket. Then we defer mortgage payments and give out free money while stripping landlords of their rights. It's becoming a very interesting country.
@sam76861
@sam76861 2 месяца назад
Sounds like insanity
@Quadster19
@Quadster19 2 месяца назад
@@sam76861 It is insane. It's also planned.
@frederickmooney2581
@frederickmooney2581 4 месяца назад
Non payment of rent shouldn’t have to go to a tenant board for resolution. What other industry can you get away with non payment legally. If I didn’t make my car payment it wouldn’t be too long before someone came to take it back. Personally I’ve abandoned the idea of having a rental property, it’s just not worth it.
@icidaimon5670
@icidaimon5670 3 месяца назад
Omg this! I am sick and tired of explaining this to my current tenants 😢
@CathyEarlePM
@CathyEarlePM 4 месяца назад
100% agree with Lorina -- why should small landlords be responsible for housing people for free -- or even when they do pay rent -- destroy your property --- and you are responsible to pay to fix THEIR damages.
@user-Balthazar669
@user-Balthazar669 3 месяца назад
Not everyone is scamming the system and the responsibility is on the landlord so if the landlord doesn’t know the rights of the tenants then they should have done some research and informed themselves of rights, responsibility and liability associated with renting their property. Nobody forced you into renting your property, it was a risk you take because you believed that the reward outweighs the cost. If you invest in the stock market you don’t go to your broker and ask for the fee he charges back because you lost your investment….
@Don-ex5ih
@Don-ex5ih 4 месяца назад
The only solution is either the income/salary goes up or the house price comes down.
@jethro1963
@jethro1963 4 месяца назад
No the solution is pay your f'n bills. I'd love to be in a $2500 apt but I can only afford $1000 hmm what to do. But then again I'm not a dbag.
@XetaXones
@XetaXones 4 месяца назад
@@jethro1963pay your mortgage
@ashleyc506
@ashleyc506 4 месяца назад
No, the solution is to kick out squatters the moment they go into arrears. If a homeowner defaults on their mortgage, the bank takes power of sale. If a person defaults on car payments, the car gets repossessed. Why should people be allowed to steal housing? If you think people should be allowed to steal housing, you should know that the losses squatters generate are paid for by paying tenants downstream.
@XetaXones
@XetaXones 4 месяца назад
@@ashleyc506 why should landlords be allowed to steal someones paycheque? You sign the mortgage, thats btwn you and the bank. Inflating your rent to cover these costs makes the whole market more expensive, as every landlord will try to match the price regardless of whether they suffered a loss or not. The concept of rent being attached to mortgage should be criminal, bc it is exploitation.
@XetaXones
@XetaXones 4 месяца назад
@@ashleyc506 and you landlords expect us poories to choose either lose our rights, or have to pay for other ppls problems so you dont suffer losses for choosing to take on a risk. How is that not oppression? Youre defence is proving why you landlords should not be legally allowed to rent in the first place. You cant handle the burden and you think its fair to spread the damage of your burden and defer the consequences to diffuse as much aa possible. Youre destabilizing our quality of life to ensure you make profit. Sickening you think thats just or fair.
@genevieveleduc2208
@genevieveleduc2208 4 месяца назад
Small landlord here, every month is stress and struggle because tenants know we are at their mercy. Delays for rental issues are ridiculously to long.
@abcdedfg8340
@abcdedfg8340 4 месяца назад
Tenants are struggling, too. Dont think the cost of living crisis is only affecting you. I think we would all benefit from a lower cost of living and higher wages to catch up with 4 decades of wage stagantion instead of being forced to rely on houses to fund retirement. Doesnt leave much time to enjoy life. Just slave away to pay off house, then do things one like, get health problems, and thats it. Just my opinion. Just my opinion.
@genevieveleduc2208
@genevieveleduc2208 4 месяца назад
@@abcdedfg8340 yes, but tenants are far more protected than small landlords. If a tenant doesn't pay, he maintains his home. If I don' pay, I lose that home, and get all the penalties and financial burdens. There has to be a middle ground.
@seanothepop4638
@seanothepop4638 4 месяца назад
@@genevieveleduc2208 They're supposed to be. You're gonna be upset for a long time into the future as that never changes. Canada is obligated to help homelessness (LMAO I know it doesn't actually do it, but neither does it do YOUR rights) first (In the case of homelessness through eviction) THEN puruse costs and what's owed. The priority is the displaced person first.
@TheCheapBoss
@TheCheapBoss 4 месяца назад
it is terrible some tenants think they are entitled to rent free as if the landlords are providing a charity property. Charity receives donations, landlords don't. Under the high interest rate era, having non-paying tenants some landlords may have to borrow money to cover the mortgage payment, tax and bills. That make them living in nightmares.
@thunderbird4709
@thunderbird4709 4 месяца назад
I agree the system rewards bad tenants and bad landlords over good paying tenants and honest landlords . but It's not really high interest environment, it's still negative rates when you account for inflation. Savers are still getting screwed big time.
@gallagherhelen
@gallagherhelen 4 месяца назад
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
@butwhytharum
@butwhytharum 4 месяца назад
Bro do you know that a mortgage is debt... WTF you talking about taking on debt to pay the mortgage... You didn't have the money to begin with...
@norton2
@norton2 4 месяца назад
@@gallagherhelen Why do you assume landlords don't work? Many just have one investment property.
@ashleyc506
@ashleyc506 4 месяца назад
@@gallagherhelen Being a landlord is absolutely a job and one of the worst ones at that!
@linserwayne1587
@linserwayne1587 4 месяца назад
Why wasnt the Board interviewed? This entire debacle revolves around the Board --not just in one city but across Ontario and that got zero coverage.
@Zebra_3
@Zebra_3 4 месяца назад
or Dougie?
@GirdsHerStrength
@GirdsHerStrength 4 месяца назад
The same kind of policies in BC as well, driving landlords out of the business, reducing rental supply. So you can’t increase rentals by destroying the ones who offer them. Who’d have thought?
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@joepahag4168
@joepahag4168 19 дней назад
If you walk into walmart and steal groceries, you get arrested, tenants not paying rent is the same thing.
@johnnyboyvan
@johnnyboyvan 3 месяца назад
Don't be a landlord!!! Being greedy has its prices. These people don't appear that stressed.
@user-Balthazar669
@user-Balthazar669 3 месяца назад
Any investment comes with risk, the greater the risk the greater the possible returns. Nobody forced these folks into renting out their properties but they did and it is unfair but some people take advantage of loopholes but no real investment is risk free. The lesson maybe that if an investment seems too good to be true then run from the scam. These folks thought that they were going to rake in fistfuls of cash but got played…
@suzamac3260
@suzamac3260 Месяц назад
Right, don’t be a landlord so we don’t have to deal with entitled people like you. You go to the bank and buy your own place, that way you don’t have to deal with such people as ‘landlords’.
@user-Balthazar669
@user-Balthazar669 Месяц назад
@@suzamac3260 Not everyone will qualify for a mortgage and not everyone wants to be responsible for the upkeep of their own property. It gets very expensive to do upgrades and maintenance, it’s all a bit much whichever route one takes but owning isn’t all it’s cracked up to be let me tell you… Greed is fine, it’s good even as long as one weighs risk vs. loses and only gambles what they can afford to lose. Our civilization is rooted in greed, wanting more freedom or wanting more land or a bigger better house. Greed is what makes people get out of bed and what makes us the dominant species on this planet. People just have to use some “common sense” which is less & less common nowadays..,
@user-Balthazar669
@user-Balthazar669 Месяц назад
@@johnnyboyvan Some people put on a “brave face” for the camera but you can’t help but see the stress and despair of them. The one guy in the video comes off as arrogant and above it all but it’s a show. The guy with the $2,000 watch on, whose house burnt out, is likely just upset that he lost income while some of the other people are legitimately struggling to exist because of the stress and anxiety from the tenants in their properties. It’s not just the person who you see interviewed that is stressed, their families all have a dark cloud of uncertainty hovering over them. It’s a real shame that this is allowed to happen but there are loopholes in any law or rules in which the scum of our society will find and abuse for their own benefit. President Trump claims to be a billionaire but when they finally got his tax filings it was revealed that he had only paid less than $100 in 2 or 3 years, scumbags find ways to screw the system….
@0.o.0.o1
@0.o.0.o1 4 месяца назад
Should be illegal to turn single family homes into 10+ “students” rooming houses . Turning literal flippin closets and charging the equivalent of rent for a single “room”. This house use to rent for 1000 but I think I’ll charge that per “bedroom” it’s insane
@ryans1623
@ryans1623 4 месяца назад
Printing money and million immigrants a year has consequences, I dont know how else to put it.
@StinkyIndianStudent
@StinkyIndianStudent 4 месяца назад
indian landlords and tenants are the worst ..dont deal with them
@gordongekko2781
@gordongekko2781 4 месяца назад
I'm not familiar with this practice, but it sounds like a quick fix for a housing shortage. If you don't want to rent a bedroom for 1000, then don't! Live somewhere else. Problem solved. You're welcome.
@LorenSarn
@LorenSarn 4 месяца назад
@@gordongekko2781 maybe leave my land? go back across seas where you came from...this is treaty 6 territory
@ryans1623
@ryans1623 4 месяца назад
@@gordongekko2781 Stop making sense these people dont like facts or reason.
@gj8550
@gj8550 4 месяца назад
Kudos to CBC for presenting a comprehensive and accurate picture that mom and pop landlords are experiencing. Given that these small landlords are contributing to 30% of the rental stock and they are exiting the market faster than new rental units are being built, the rental market is only going to get worst.
@CynthiaPace-n7v
@CynthiaPace-n7v 4 месяца назад
I feel for both sides. I have a rental property - not one that I purchased in hopes to profit off other people’s financial struggles - but one that was given to me with someone passed away. In any case, I take personal responsibility for screening my clients thoroughly and I’ve never had an issue. Not once. So the first step is being an adult and taking ownership for selecting the clients you selected again I’ve never had a problem with my one property! Right now many of you landlords look like spoiled babies. First of all landlords ALREADY HAVE contributed to the housing crisis by buying “multiple” properties and driving up the cost of real estate driving up the cost of purchasing a home. Mom Pop Landlord’s make up 30% of ALL rentals in Canada so you guys are DIRECTLY responsible in part for pricing 99.9% of young Canadians out of ever buying a home!! So that’s one reason we’re not getting that much sympathy. Let me be clear. No one sane or law abiding would condone torching someone’s place or damaging another’s property in any way. There is NO excuse for torching a place or for damaging anyone’s property. Ever!! And that should be a police matter. However, you whine and complain that you didn’t go ahead as much as you hoped when you bought the property not given a hoot but there is a dangerous housing crisis in this nation and that 99.9% of Canadians are already priced I’ve ever buying a home. I know you don’t care about that. You just want to get a head. MEANWHILE you have no issue throwing a family that’s starving out on the street. Like literally. Because you want your money. Again, I feel for both sides and I am Landlord with one inherited property myself. HOWEVER the issue goes beyond your hopes to get ahead on the backs of your financially struggling tenants. Wake up. There is a housing crisis. Not a housing shortage a straight up crisis. Many families can’t even afford to feed their children. Did you ever think maybe your tenants hade to make a decision between rent or food? Again, you don’t care because you only care about getting ahead of the backs of already financially struggling tenants. YOU have no issues tossing out starving destitute, people literally onto the street. But hey, it’s all about you isn’t it?!?! Well, stop whining because WE LAND LORDS have choices. We landlords live in a free country - we have choices. Here are our choices. Again let me reiterate that no one saying normal, or law abiding would condole stiffing anyone intentionally or damaging our rentals. (1) Sell the property because you can’t afford to pay the mortgage on it if it’s not rented. And since 30% of all rentals are owned by Mom and Pa. there will soon be a lot more inventory on the SALE market reducing the price of real estate and enabling more young Canadians to actually purchase a home. And even if you do sell it, , you’ll still make a huge profit because we all know real estate prices have skyrocketed. Second choice (2) STOP contributing to the housing crisis by buying properties for the sole purpose of renting them out - if they’re too much hassle for you and the risks are too much. (3) Learn how to screen tenants properly and take some responsibility for choosing bad tenants!! If you choose option one and can afford to keep your property empty without renting it out … most land lords cannot, so that’s going to free up the majority of rental stock to sell that’s making homeownership more affordable for others. But if you CAN afford to keep your rental property, empty, then pay the empty homeowners tax which I heard will increase every year in dramatically increasing increments. Don’t whine and complain that you didn’t get ahead as much as you hoped when you have no issue, throwing a family that’s starving, or otherwise destitute people on their last leg, out on the street. Omg I can’t believe the nerve of some of you people to show your privileged faces in public like this.
@CynthiaPace-n7v
@CynthiaPace-n7v 4 месяца назад
@GJ5580 I left a comment for you that presents a comprehensive overview of both sides. Not just your needs your wants your wish. Is your hopes your desires, but a general overall picture. Quit whining, and make some choices for yourself and they don’t involve vigilante justice are taking matters into your own hands. Why don’t you look at how you yourself are contributing to the housing crisis by buying up multiple properties, preventing many and Canadiens from ever owning a home in the first place!!
@gj8550
@gj8550 4 месяца назад
@@CynthiaPace-n7v Agreed that there is a housing crisis and prices have shot up beyond the affordability of most people. But this has little to do with investors buying up properties. Investors contributes to to demands side of the equation. If there is sufficient supply to offset the demand, prices would remain low. Various levels of government influence the housing supply though policies and making more land available through providing services such as water, sewer, transportation etc. If there are profits to be made, developers would simply sell more and the extra supply would offset the demand, thus keeping prices low. The reality is that developers are reluctant to build more because of thin margin and high risk. In recent years, there is an acute shortage of service land, thus driving up land costs. In a new condo building, various taxes contributed to a third of the selling price. Development charges (a tax levied by the city) is often not known until close to completion of a condo project. When profit margin for new builds are razor thin due to high land cost, rising labour and material costs and unprecedented high interest rates, this unknown can sometimes sink a project. On the one hand, you are telling mom and pop investors to stop buying and hence contributing to the housing crisis. On the other hand, you are acknowledging that there is a shortage of rental properties. If mom and pops buying, it would drive up the rent even more due to reduced supply. Most investors would tell you that they are not making a lot of money in rental properties. Many mom and pop landlords are experiencing negative cash flows. When you take into account acquisition costs (legal fees, land transfer tax, HST for new builds) and disposition costs (legal fees, realtors, capital gain tax), the average ROI usually ends up in the mid single digits. One is better off putting money in a GIC that offers a return of 6% or more with absolutely no hassle. Although the federal government can influence housing supply through subsidies and policies, but the solution lies squarely in the hands of the provinces. The Ford government has fail miserably in providing serviced land and affordable housing. Other than throwing money at the problem, they provides little leadership in developing a cohesive strategy.
@jessicacampbell673
@jessicacampbell673 4 месяца назад
THIS was the commen I was looking for. My exact sentiments. Thank you for clearly highlighting both sides of the argument ​@@CynthiaPace-n7v. You are right, no sane person will encourage burning down a place. However, people are struggling and desperate people will do desperate things. If you cannot afford the investment, then unfortunately you should sell. That's how investments work. 🤷🏾‍♀️
@RuzicaCity
@RuzicaCity 4 месяца назад
​@@CynthiaPace-n7v If the only problem is that honest people who have to choose between eating and paying rent choose the former, this problem would barely exist. The real problem is government incentive given to tenants who are actually able to pay the rent, but they elect not to, as nothing happens to them if they cheat and lay or just ignore the landlord for years… And for any inconvenience the landlord may cause to them just by remining them to pay, they also have a mighty tool in their hands to punish the landlord for being sooo annoying - destroy the house… Why not, given that they never feel any consequences for that… And you are saying that is all my problem because I didn't know how to properly screen applicants. It is just my problem because I could not recognize who is a criminal, while the government is too busy enforcing thousands of bizarre rules in this overregulated country? Example, if I keep an inoperable or unlicensed motor vehicle on my driveway, which is otherwise no harm to anyone or anything, it won’t take long before they find out and fine me for that… So they, the government, HAVE resources for enforcing such bizarre rules and sanction such practically inconsequential offences while at the same time they cannot be of any help if somebody robs me for $30k a year in rent and also causes at least another $50k in property damages, just because they can… And people like you will just call it business risk - I should not be a landlord if I’m not ready to absorb all such losses INTENTIONALLY caused to me. So what you are proposing might actually be a solution. We, small single unit landlords, should all list our properties for sale. Then, big corporations will buy most of those units. They have much more tools and means (and connections with the government) to fight irresponsible tenants, so they will have much less problems dealing with this. Is this the ultimate goal?
@ezekielgates1558
@ezekielgates1558 4 месяца назад
$26,000, $14,000...I'm surprised the tenants aren't scared of physical retaliation over those large sums of money!
@MrAk519
@MrAk519 4 месяца назад
To me that should be theft over 5000
@mandrews1245
@mandrews1245 4 месяца назад
Because it seems a higher likelihood it would be the owner who would be physically attacked rather than the tenant.
@rtothec1234
@rtothec1234 4 месяца назад
Canada punishes taxpayers instead of thugs. If you get assaulted in a train, you as the victim get in more trouble for carrying weapons to protect your life than thugs do for assault. 🤷🏻‍♂️
@ashleyc506
@ashleyc506 4 месяца назад
$26,000 is on the low end. There are landlords that have gone 100k in the hole over a small unit.
@harlanjackson6112
@harlanjackson6112 4 месяца назад
Why? So once they heal they have a chance at a big judgement in a lawsuit? I suspect some bad tenants are hoping for that.
@smokescreenFromThe6ix
@smokescreenFromThe6ix Месяц назад
I notice that in a regular apartment building, you can be evicted after 2-3 months of non payment. So how is it that a homeowner can't get the same type of justice?!??
@justanotherchannel6097
@justanotherchannel6097 Месяц назад
Remember during Covid Doug said if you don’t have the money to pay rent than don’t pay it. You give that kinda message to tenants and surprised this led here
@yvonnesanita7230
@yvonnesanita7230 4 месяца назад
That's why I stopped renting out for people 4 years ago. It is not worth it. If govt still think landlords or new home buyers are the caused for this housing crisis. They should really do the calculations see why us home owners not renting out to tenants which would definitely help the housing market shortage. Now that the govt charges us vacancy tax if the property is vacant. Unbelievable. It makes me start thinking moving out of Canada. I live here all my life. I contribute the country, paying the taxes, not even breaking any laws. Our govt is letting all these bad tenants walking away and kicking us all in the stomach.
@mandrews1245
@mandrews1245 4 месяца назад
Born and raised in Ontario, and I can say for the first time in my life, I'm considering moving out of Canada. I've encouraged my children and grandchildren to apply for dual citizenship on their father's side. I don't have the same availability but I can move where a plane ride is only hours away. Canada has gone from a good place to live, to a USA vassal under the Trudeau Liberal gov't. We are financing proxy wars while disregarding the homeless camps. We are allowing millions of unskilled immigrants to live here promising them a home, food, clothing, jobs, education, etc. Promises which we cannot fulfil. We are ALL miserable; both new and old residents. It will take decades to undo the mess Ford and Trudeau have created in all parts of our lives.
@gj8550
@gj8550 4 месяца назад
Ford single handedly created the Landlord Tenant problem in Ontario, starting with telling tenants that they don’t have to pay rent during COVID. Under Ford’s government, the Landlord Tenant Board is totally useless with hearing lead time of a year or more and evictions are near impossible. ‘Professional tenants’ are taking advantage of the delays and live rent free.
@michaelyoo3614
@michaelyoo3614 4 месяца назад
Rob Ford passed away way before covid
@kkostadinof
@kkostadinof 4 месяца назад
Rob Ford has been dead before COVID started.
@Wilem35
@Wilem35 4 месяца назад
Rob was dead during Covid, it was the other disgraced conservative mayor Tory during Covid. I know it's hard to keep track.
@xpyrox5462
@xpyrox5462 4 месяца назад
i love how ontario thinks they are the only people that exist... this is not an ontario problem.
@gj8550
@gj8550 4 месяца назад
@@xpyrox5462 I love how some people have trouble comprehending a simple video. This video talked about Ontario.
@johnransom1146
@johnransom1146 4 месяца назад
I would never be a landlord again. Totally understandable that landlords are switching to short term rentals. They’re not under the Landlord and Tenants act
@skillcoiler
@skillcoiler 4 месяца назад
I mean they could just sell their extra homes to people who want to live in them.... solves every of these problems.
@Ryousure
@Ryousure 4 месяца назад
​@@skillcoiler So do you give away the extra cash you have left?😅
@MrTrevorDidier
@MrTrevorDidier 4 месяца назад
@@skillcoiler Do you realize that many rentals are suites within homes or laneways? If loser tenants are able to take advantage of a homeowner's kindness, they will keep their units vacant. Loser tenants hurt good tenants by creating less inventory and more checks prior to owner's renting out their units. Also, the increase in Capital gains taxes, while you may celebrate it, will further limit supply. If owners could kick out problematic tenants within a reasonable timeframe and have them actually accountable for damages, more owners would open up their empty units. Personally, I will keep my units vacant should I build a new home at some point.. there is zero chance, I want to be stuck living next to a loser tenant. It's like cities opening up a housing shelter in nice neighbourhoods, and expecting crime to decrease... 100% crime will increase and neighbours will be threatened / assaulted when shelters are opened up in neighbourhoods; but there is so much money at play for the cities / buddies.
@skillcoiler
@skillcoiler 4 месяца назад
@@Ryousure I mean I am sure that YOU thought that was an intelligent gotcha response to my comment but.... sorry to say it wasn't even on topic to my comment. So to answer your question, as you asked in context to my comment, no I do not sell my extra money for money....
@skillcoiler
@skillcoiler 4 месяца назад
@@MrTrevorDidier Or once again.... they could SELL their extra homes to people who want to live there.... This is not even remotely complicated to understand I wonder why you are having a hard time doing so....
@User9865-b8u
@User9865-b8u 4 месяца назад
The moron LTB adjudicator who still found reason to give leniency to a criminal tenant who only provided a promise to a paying plan. Who are they kidding exactly? and why force the Landlord to accept someone who defaulted on their rent? This is crazy!
@egc04
@egc04 4 месяца назад
and what about the back rent owed
@MisterPerson-fk1tx
@MisterPerson-fk1tx 4 месяца назад
Tenant is crazy, judge is crazy, now you're crazy. Welcome to the club, we're all mad here.
@paulsz6194
@paulsz6194 4 месяца назад
No one on the LTB obviously owns an investment property, hence why they are so out of touch. Perhaps if investors exited the market and left thousands of people homeless, and people sleeping on the steps of Town halls, municipal buildings or Parliament, perhaps then the government would be compelled to do something?🤔
@pjlacey3990
@pjlacey3990 3 месяца назад
That landlord should have the RIGHT to demand eviction after the hell she has been put through. No negotiation PERIOD! She should have lost that right the moment she decided not to pay rent, especially after two and three months.
@fifagoalshighlights6016
@fifagoalshighlights6016 6 дней назад
who ever create this landlord laws must go to jail
@raguthanabalasingam2166
@raguthanabalasingam2166 4 месяца назад
An ineffective LTB leads to higher rents, and higher rents lead to more cases that end up going to the LTB.
@mandrews1245
@mandrews1245 4 месяца назад
And that is how they keep their long term contract on the Board. The gov't should have a dozen Boards available to keep current with demand while they are changing the laws.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@Msal19
@Msal19 4 месяца назад
Buy a bunch of properties and rent them out. Make passive income and live the dream life. Hell no! In most countries these scumbag tenants would be dealt with within days. Shame on the government...
@BoogieBoogsForever
@BoogieBoogsForever 4 месяца назад
Why should you get to do that? What kind of leach are you? Maybe better you contribute to society. Those other countries you would have other major hassles.
@truthfirst9488
@truthfirst9488 4 месяца назад
Here’s what pisses me off watching this as a renter for the last 14 years every single landlord has been a complete a haul and try to keep the deposit we have had to call the police and we have had to say that we’re not leaving until we get our money back. This is fine showing bad tenants, and we all know it happens but be fair and show the other side of the story there are for every bad tenant. There is too bad landlords I can tell you that from experience we have always paid our rent on time. Never missed a payment, clean the property as good as it was when we moved in and we have had to fight for a deposit back. It just needs to be a government run industry and as much as I prefer free capitalism and agree with that in this instance, there’s too many shady people on both sides, and if it was ran by the government, the losses wouldn’t be affecting the people in their pocket but I guess then every taxpayer would be paying for the losses. I don’t know what the answer is, but it’s never fair on both sides.🤷‍♀️.
@TheTechnoPilot
@TheTechnoPilot 4 месяца назад
Exactly!!!
@bunzeebear2973
@bunzeebear2973 4 месяца назад
All holed Landlords do exist, I will grant you that - but they are KNOWN OF IN SHORT ORDER so, they have problems getting ANY TENANTS AS "THE WORD SPREADS QUICKLY". It is actually no different than car mechanic repair shops....they NEED the business of customers ; so if they get a bad reputation; payments still have to be made so they suffer as they need many clients to pay off their costs. A landlord has costs too; land taxes, utilities, maintenance of the rental as everything breaks down or wears out sooner or later from being used. Normal use it may last 10+ years of normal usage- or 10 renters. That essentially is what makes up RENT. It just takes ONE to eFF that. . As I reflect on this, as I was a repair man for a hotelier, I realize I never checked the bathroom of a unit. The guy who rented the room for a night. It looks like he had a hunting knife with a point and did every square inch of the rental stove, fridge, counters, walls, doors, furniture, (I forgot to check the bathroom toilet ceramic)door frames, they are little holes but still this HAS TO BE REPAIRED before the room could be rented out again...and the standard punch a hole in a wall or door repair. Not normal behavior.. He skipped off with his damage deposit fully refunded. This is the kind of tenants we get. . It wasn't a CHALLENGE. People like this ruin it for the rest.
@supernova11711
@supernova11711 4 месяца назад
I think there’s a site you can go to to view reviews on both landlords and tenants. Someone created it so people would have a way to retaliate against people like this and hopefully help the next. I’m sure you can google it easily enough. Obviously not everyone will be on there but it’s a start. If it continues to grow it could be invaluable. What we need is for the A hole landlords to get the A hole renters! Then they can deal with each other as leave the rest of us alone.
@t.m.l.t.m.l.5399
@t.m.l.t.m.l.5399 4 месяца назад
The government is the problem. Renting is a private contract between two parties. Failure by either party is a civil matter. There is no role here for the government. It is their interference that drives costs up by artificially suppressing rent increases to the point they can not maintain or improve the building. I know many people who would not buy a place to live because of below market rentals. It messed the whole system up. A lot of rentals were turned into condos making things worse. This is when bad landlords saw an opportunity. Get these buildings cheap. Use all the loopholes to get a tenant out. Remodel units, raise rents and then resell buildings. These loopholes were provided from previous. board decisions. Millions wasted trying to overregulate a private contract. Get rid of this and new rentals will be built. More competition ensures fair rents.
@whatevergoesforme5129
@whatevergoesforme5129 4 месяца назад
Yes, there also bad landlords but the reality nowadays is how the laws tend to favor tenants now. Look at the USA as an example. They have tenants and squatter's rights as well and bad tenants and professional squatters game the system because of this lopsided law.
@mirellagibeau1069
@mirellagibeau1069 3 месяца назад
Bad renters need to be evicted quickly …for the sake of the other tenants in the building. If you’re on the same floor as one of these asshats ,your life becomes miserable. You feel unsafe and your sense of sanctuary is gone. And all because the landlord is forced to wait an inordinate amount of time before any evictions can be processed. What about the rest of us in the building? We pay our rent and we want to feel secure and peaceful in our homes. Think about us too
@user-Balthazar669
@user-Balthazar669 3 месяца назад
The same rules that keep the landlord from evicting your neighbour keeps you safe from violations by the landlord too. You may think you know what is happening between the landlord and your neighbour but perhaps you only know the partial story, I don’t know. I DO know that without the rules that protect your neighbour from being evicted immediately also prevents you from being evicted should someone offer to pay more for your rental than you can afford to match or for your landlord to make other unreasonable demands upon you for your continued good standing. No the system is not perfect but it’s better than what the Landlord’s would have it be if it were left solely to them once more. Believe it or not they used to be able to do pretty much whatever they wanted to do with their property regardless of who was paying for the space. Those were NOT the good old days….
@Andrico77
@Andrico77 4 месяца назад
You will find most tribunals are landlords taking tenants for non-payment of rent. There is this notion that landlords are large faceless, mean corporations that can absorb the abuse professional tenants inflict. In fact, many are mom-and-pop renting out basements or family homes handed down, etc. Many are just scraping by and such are selling and those rentals will be converted to single-family homes reducing rental capacity and increasing pressure on an already tight rental market. The cards are stacked against landlords in Ontario.
@canadapros
@canadapros 3 месяца назад
Yes, but you all keep in mind, tenants don't have to pay your mortgage, but they can help you with! That's why rent is so high. How can you expect that tenants would pay your mortgage, taxes, insurance ect., and you go away at the end with paid off house and tenants still got nothing and lost their money. Change the system, fair rent prices, rent control should be always in place by government . Let's say your mortgage 5000$ rent should be about 30% of that. Don't expect 150% profit. Want to make money, i got you: make multifamily home or multitenants. Period.
@SpencerLupul
@SpencerLupul 3 месяца назад
if they are just scraping by… why are they in that business?
@Andrico77
@Andrico77 3 месяца назад
@@SpencerLupul thats none of your care. As a tenant and upstanding citizen one should abide by the contract signed.
@Andrico77
@Andrico77 3 месяца назад
@@canadapros you can say that about any business … whats your point ..? What’s different about a contract you sign with a land lord vs any other contract ..?
@SpencerLupul
@SpencerLupul 3 месяца назад
@@Andrico77 any business bears the risk of bad debts. In the rental market, that is clearly a high risk… you should weigh that against the returns if you want to enter that business. Just like any other. Also litigating contracts doesn’t come for free so don’t pretend like a contract alone is your saving grace. Due dilligence is key in any business model. Ask an investor! Therefore: don’t come whining to me when after you entered a business without a lot of consideration and cannot collect on bad debts that it’s someone else’s fault
@supercoppy
@supercoppy 4 месяца назад
Housing people is government and big corporations not small landlords responsibility. Buy your own house instead of stealing from good people.
@jg8060
@jg8060 4 месяца назад
I would but, oh wait, the prices have doubled in 5 years....
@XetaXones
@XetaXones 4 месяца назад
The exact same could be said back to landlords. If the tenant could pay for the mortgage, they would. And they wouldnt have to deal with an a hole landlord either
@supercoppy
@supercoppy 4 месяца назад
@@XetaXones not all landlords born with a silver spoon. They put savings at priority, cut all unnecessary expenses, no expensive travel, eat simple etc. Many work two jobs to buy a house. Nothing comes free and easy. Ask yourself can you sacrifice a lot to own a house? If not, don't sabotage small landlords. Without them, tenants stuck with big corporations rental. Think twice before complaining.
@XetaXones
@XetaXones 4 месяца назад
@@supercoppy i dont care. That doesnt change the fact that bc you managed to be able to buy up multiple properties, you contribute the skyrocketing of house prices. Now most tenants are working ppl whod would otherwise be able to afford their own home. Now its not working out for you so you expect to erode ALL tenant rights to make sure your investment is guaranteed a return. Youre oppressors. Sell your house, single family homes and mortgages were never intended to be abused this way. It shouldve been illegal from the get go, it has caused so much instability and problems, not to mention made everyone without a home poorer. You guys eroded the quality of life so now ppl have to share close loving quarters with these “problem tenants” who directly make our lives worse and more dangerous too. I remember growing up in apartment buildings, now its “rooming houses”. Tenant rights shouldnt be eroded just to make you more comfortable and guarantee your investment has a return. You wouldnt be able to do that in the stock market. But bc its humans you expect to work the system in your favour to the detriment of ppl not as wealthy as you. You landlords have made yourselves a direct threat to the few protections there for the underclass ppl. You erode the quality of life and then expect to erode it more til it works absolute in your favour? Youre oppressors.
@supercoppy
@supercoppy 4 месяца назад
@@XetaXones lol you are a sad and passive person. I feel sorry for you that you think the world owes you but in reality you can't sacrifice like many people do,instead, full of hate, anger and jealousy. You think many small landlords owned multiple houses? Many of them only own a house, they rented out the basement or top floor and they are in blue collar jobs. If you are in white collar job and cannot afford a mortgage then you should think of changing your job to blue collar. Why a blue collar can get a mortgage and white collar cannot? 😉
@OneTrueKing23
@OneTrueKing23 4 месяца назад
Well some lanlords wanted to have 10 investment houses on 2% interest rate, while simultaneously voting for liberal government that keep the supply low and demand high so your value only went up. I don’t agree with this behavior, but wouldnt it be better if people could just afford their own houses?
@zumba536
@zumba536 4 месяца назад
We live in a capitalist country where you can do whatever you want with your money, if you want to buy a house for your children in the future, why not? This is not China, Cuba or North Korea where you cannot own anything. This is Canada come on is Canada
@alanj9978
@alanj9978 4 месяца назад
It definitely would be. But even at our highest rate, home ownership didn't quite reach 70%. That's a lot of people who will always, for whatever reason, need somewhere to rent.
@AlexM-iq3nh
@AlexM-iq3nh 4 месяца назад
​@alanj9978 I'm pre-approved for 249k with excellent credit score. But because of the speculative investing landlords I can't afford a home within a reasonable drive to work. And what I pay in rent is unaffordable
@jrlad7271
@jrlad7271 4 месяца назад
Not everyone can afford to buy their own house, nor may they want to. Just remember that ultimately the renter will assume the costs of added risk and loss for the landlord. It will either be in the form of higher rent or reduced rental capacity due to small landlords leaving the market (which will drive up rents). And don't just blame the federal Liberals for the housing crisis. It's the shortage of tradespeople, rapid increase in interest rates worldwide, years of restrictive city zoning, Covid after effects, and recent wars forcing refugees to flee their homelands. I'm sure I missed some things.
@jrlad7271
@jrlad7271 4 месяца назад
@@AlexM-iq3nh I think you might be jumping to conclusions. The issue is supply. Let me put it this way, almost all those rentals are likely filled. If there were 10-20% more homes available, all property prices would come down dramatically and you could likely afford a property. So the question is really, why isn't there more supply?
@johnrecycler8275
@johnrecycler8275 4 месяца назад
We had a 5 plex and unfortunately most of the tenants were professional disability scammers claiming anxiety. The system coddled them and lived a carefree life using unlimited amounts of hot water, never paying the rent on time, never cleaning the units, extensive drug use. The units were so heavily damaged that you could not enter with out a respirator. The tenants broke us and we sold the place for less than market value. The new landlord has the same problem an is owed more than a years rent from several tenants, units are trashed. We own 1 more home that is rented but once the tenants move out we are never renting again until the laws in Ontario change to allow for rapid LTB hearings and rapid evictions.
@TiredOfWhineyBajans
@TiredOfWhineyBajans 4 месяца назад
I totally get it. I've never been a landlord, but I'm a long-time good tenant and bad tenants affect US too! We're stuck living with or near them! I've been in situations where a bad tenant put the rest of us tenants at risk (physical and mental health and safety). The more landlords leave, the fewer units there will be available for those who cannot afford owning homes. I don't know why people cannot see how this badly affects GOOD TENANTS too, who cannot afford home ownership!
@gallagherhelen
@gallagherhelen 4 месяца назад
If it's that bad then maybe you should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else.
@ucantSQ
@ucantSQ 4 месяца назад
You know you can choose who you rent to, right? Background checks, applications, &c. Right? Or does Canada force landlords to rent their properties on a first- come, first-served basis? If THAT'S the case, then you ought to know the risks going in.
@johnrecycler8275
@johnrecycler8275 3 месяца назад
We can choose who to rent to but if an applicant has used forged documents or has engaged in identity theft in order to gain access to my rental unit, I can't get them out legally. The Police will not charge them with uttering forged documents, they will claim it's a civil mater. I have to pay my mortgage, I have invested my life savings in the rental unit to use for retirement. What planet are you living on?
@plaistowbill
@plaistowbill 9 дней назад
Poor you rich man. Cry me a river slum lord. If being a landlord is so bad, invest elsewhere instead of exploiting those in need.
@jenwylie4093
@jenwylie4093 28 дней назад
We sold our rental property 2 years ago. Our tenants were great, but this makes me glad we got out when we did.
@TurnDar
@TurnDar 6 дней назад
Landlords are getting out of the rental business because of the BS. This is creating a rental shortage. Can't blame the Landlords.
@thesoccerpr03
@thesoccerpr03 4 месяца назад
Landlords should be aware of this being a risk before going into it. Its also not a bad thing if there are less landlords as investment properties is what is propping up the housing market
@rl1389
@rl1389 4 месяца назад
Right, but the risks are unjust. And, plenty of landlords are not investment property owners. Many live in their own house and rent some/part to a tenant.
@davidsmind
@davidsmind 4 месяца назад
@@rl1389 The risks are not unjust. It's a business. Fixing a burnt wall is a business expense. Not doing so should be criminal.
@gabe9671
@gabe9671 3 месяца назад
Less landlords??? yup its happening already in toronto, that;s why there is a housing crisis in Toronto, people stopped renting out units in their homes. Why would you want to make it worse?
@thesoccerpr03
@thesoccerpr03 3 месяца назад
@@gabe9671 LOL think about it... if less people had investment properties then prices would be lower and more people would be home owners
@Tugela60
@Tugela60 2 месяца назад
Less landlords mean there will be less properties available for people who have to rent. If there are no landlords, only owners, then anyone who cannot buy a house would be living on the street.
@daviddiaz9341
@daviddiaz9341 4 месяца назад
Same here. I had drug dealers 🦹🏼‍♂️🦹‍♀️🦹🏼‍♂️ as tenants, but couldn't get rid of them. The laws are in their favor.
@markoss3876
@markoss3876 4 месяца назад
The laws should be in their favour. Landlords have much less at stake than the average tenant. A landlord stands to lose money but not their home (unless they've managed to overextended themselves financially so far that they lose their primary residence). It seems like many landlords are incredibly absent and care little about putting effort into selecting good tenants. Owners rarely understand local tenancy laws and then get upset when their lack of knowledge gets them into trouble. Tenancy laws always need tweaking but it's much better to lean to the side of the tenant.
@ashleyc506
@ashleyc506 4 месяца назад
⁠@@markoss3876Keeping the laws in bad tenants’ favour will only continue the province wide money pit that the bad tenants have been burning all this time. And do you know who pays to keep the whole system afloat? The GOOD TENANTS! Paying both through uncompleted repairs, unkept maintenance and higher rents. Look at one of those destroyed rental properties in terms of financial losses. For a damaged property is stay on the rental market, the next tenant will be charged a higher rent because that is the only way the losses can be recouped. The bad tenants virtually never repay arrears, so it is passed onto the next tenant as that is the only way to keep the whole system working. Like it or not, squatters are bottom feeders of society and the paying tenants will always be the ones feeding them.
@ashleyc506
@ashleyc506 4 месяца назад
@@markoss3876If you’re a tenant that actually pays rent, you are paying for the losses that the bad tenants generate. So if you’re on the side of “squatters rights”, you’re on the side of higher rents.
@markoss3876
@markoss3876 4 месяца назад
@@ashleyc506 I'm absolutely on the side of higher rents in as far as it's related to protecting tenants in a reasonable way. But I don't think that all tenant laws that favour tenants are good. There's a constant balance that needs to be struck between protecting good tenants at the expense of landlords and protecting good landlords at the expense of good tenants. In the same way that I'm in favour of higher taxes to ensure a more robust legal system that leans towards protecting innocent people from wrongful conviction at the expense of more criminals going free. But either way, the percentage of my rent that in someway pays for bad tenants is dwarfed by the percentage that is due to an incredibly tight housing market due to a chronically low supply. So I'm, generally, comfortable taking that increased cost
@glengarbera7367
@glengarbera7367 4 месяца назад
Your drug dealers were probably more than likely just drug addicts. My dad had drug dealers in his house, and they were his best tenants ever. Paid cash every month on time. Even paid extra for dad to do landscaping and watch the house.
@norcofreerider604
@norcofreerider604 7 дней назад
Make evictions due to non-payment automatic, the tenant has 30 days to pay the outstanding amount in full or vacate the property, or they can be forcibly removed by police. The tenant has 90 days to appeal the eviction. If the eviction is appealed and upheld, the eviction is put on their LTB record (which would be available for landlords to check). If it is found the landlord evicted the tenants in bad faith, they must pay the former tenants 24 months worth of rent as damages within 90 days. If they are unable to pay or refuse to pay, the house/unit is forcibly sold to pay for the damages. This incentivizes tenants not paying rent to get out quickly and not clog the system with spurious appeals. It also heavily punishes landlords for unlawful/dishonest evictions.
@احمدمصلح-ن7ي
@احمدمصلح-ن7ي 2 месяца назад
I’m in the situation! Never again will I rent property in Ontario!
@user-xy9by4hz6v
@user-xy9by4hz6v 4 месяца назад
As government servants, we paid tax so they get salary to work. There is no excuse. They have responsibility to provide service.
@Benjamin-pb6jo
@Benjamin-pb6jo 4 месяца назад
My last landlord promised us a long term lease… asked us to move out 6 months in because she wanted to “move in”. We got priced out of the market in our area as a result. Living back at my parent’s place with my family of 5 because these landlords want $4k/ month just for the top half of a house.
@bclandlordevictionconsulting
@bclandlordevictionconsulting 4 месяца назад
This is the SAME in BC. Landlords are FED up. The politicians have failed landlords by not respecting our rights as equally as they give tenants rights. Landlords are frustrated with the system that sides with tenants most of the time, racking up thousands in unpaid rent while going through an eviction and have to face additional thousands in damages. The system MUST change to become a fair system and holds problem tenants accountable.
@arijuju7303
@arijuju7303 Месяц назад
Good these landlords are committing mortgage fraud, circumventing policies by charging a years worth of rent upfront. I wonder what they did to the tenant.
@Anime1986X
@Anime1986X 29 дней назад
we need more rights for the landlords. And we need faster ways to kick out tenants for non-payment. it's not fair to the landlord waiting 16 months.!!!!!
@ucantSQ
@ucantSQ 4 месяца назад
Landlords: keeping you safe from owning real property.
@prashanthsubburam1605
@prashanthsubburam1605 4 месяца назад
People r so entitled and arrogant. Canada does not have huge social housing it highly dependent on private and individuals landlords. If people just stop renting basement suites alone will be a huge shock to the system. Landlords are not your parents it’s not their responsibility to cuddle ur irresponsible behavior. I see commenters saying the risk is on the landlord for having housing investment WTF. tenants should have rights from abuse but that right should only exist as long as they pay rent and not damage property. Just like child support the court should put a lean on their paycheck if they failed. You can’t simply stay without rent for like 16 months ridiculous. Try renting to people like family friend or some one with contact, check their background professionally in social media
@user-xy9by4hz6v
@user-xy9by4hz6v 4 месяца назад
Absolutely correct.
@gallagherhelen
@gallagherhelen 4 месяца назад
If it's that bad then maybe landlords should get out of the landlord business and, oh I don't know... GET A JOB AND WORK FOR A LIVING like everyone else instead of being a rent-seeking parasite that has other people pay your mortgage for you while you take homes off the market
@timpeterson2738
@timpeterson2738 4 месяца назад
Now with capital gains tax, why in your right mind would you invest in a second property.
@rickyemmirt4120
@rickyemmirt4120 4 месяца назад
Lesson to not vote liberal
@butwhytharum
@butwhytharum 4 месяца назад
​@@rickyemmirt4120 but low interest rates to borrow against the first property to buy the 2nd is the way to go... Sounds smart
@Globodyne
@Globodyne 4 месяца назад
@@rickyemmirt4120 Don't vote liberal federally and don't vote conservatives provincially. Liberals drive inflation, conservatives prefer a lawless zero enforcement of laws and regulations anarchy. Neither party has any interest in fixing the housing crisis.
@OmniFilm-dk8ox
@OmniFilm-dk8ox 4 месяца назад
@@butwhytharum But ending up in the poor house when interest are high for your first property while paying capital gains on your second while property prices sky rocket and you not getting your rent...that must be really really smart...if so vote Justin back in
@butwhytharum
@butwhytharum 4 месяца назад
@@OmniFilm-dk8ox thought it was Trudeau bringing in all the immigrant students to rent those leveraged propertys...? Why did you mortgage a 2nd property when the first wasn't paid? Big brain move there... My coworkers are like you... Whaaaa my debt got more expensive... Why did you spend what you didn't have in the first place.
@smokescreenFromThe6ix
@smokescreenFromThe6ix Месяц назад
If I'm a homeowner and I want a tenant out, I should be able to do as I please as long as I give them 3 months notice.
@philip-pp9qt
@philip-pp9qt Месяц назад
Why would anyone want to be a landlord and make their property available to renters if they have 0 rights?
@romanobaggio5961
@romanobaggio5961 Месяц назад
Greed
@vickyarvanitis1627
@vickyarvanitis1627 4 месяца назад
The government needs to step out of controlling home owners. Owners should not need permission to remove people from their own homes and properties. If tenants get evicted without actual resons they can sue in civil court. Forcing homeowners to have to tolerate being abused by people living in their homes is outrageous!!!!
@HamidA-to8vy
@HamidA-to8vy 4 месяца назад
That is only in feudal system.
@StoneColdDiscussions
@StoneColdDiscussions 4 месяца назад
Really, so the bank should be able to foreclose on you "just because" and kick you out without notice or legal permission? Thats an insane and gross violation of one's rights.
@billwhitis9997
@billwhitis9997 4 месяца назад
My wife and I own 2 rentals. We are selling both and moving overseas. Besides the ridiculous cost of living here, we have a rental increase limit of 3.5%. My property tax has been going up a triple the rate of inflation for over a decade, almost 10% his year alone. Insurance goes up by double digits every year. Utilities, maintenance, and on and on. 3.5% is a joke! We are done with Canada.
@seanothepop4638
@seanothepop4638 4 месяца назад
Its like governmental performance art almost.
@plaistowbill
@plaistowbill 9 дней назад
Good. Leave. Stop exploiting the poor. Criminal.
@billwhitis9997
@billwhitis9997 9 дней назад
@@plaistowbill Yeah, cause it's much better to let corporations run the rental market.
@SnackingTheWorld
@SnackingTheWorld 3 месяца назад
i have no sympathy for landlords. Speculative investors are a major part of why we're in an affordability crisis.
@BrentHann-d6e
@BrentHann-d6e 2 месяца назад
So Ridiculous, We As Landlords, If A Person or Person's Don't Pay Rent, There Shouldn't Be Any Waiting Or Having To Deal With The LTB. Dealt With Them A Few Time's And It's Pathetic.
@0.o.0.o1
@0.o.0.o1 4 месяца назад
Should be illegal to raise rent every year til you are literally priced out from a landlord who refuses to fix anything
@TracyStreet-o3c
@TracyStreet-o3c 4 месяца назад
More than one thing can be true at the same time - there should be protections for both situations
@gri9484
@gri9484 4 месяца назад
This is so sad. A family i know rented the basement to a professional tenant. They rented the basement out before and never had an issue for 8 years with their tenants. I don't think tenants understand the mental abuse that lamdlords endure or the stress the landlords endure when the tenant stops paying rent. Some states in the US are changing the lamguage around what a tenant is to separate squatters from tenants. Small landlords are not the same as bulding landlords. If you don't pay your mortgage your house gets taken away. But the tenant stays rent free. I dont think the people in charge of Ontario's housing actually realize the support small landlords offer to the housing market. I also question the objectivity of the presiding decision makers at the LTB. There is no information on their credentials or their educational background. Landlords are just supposed to hope that the presiding official will see the facts. Without testing for true objectivity of these individuals how do we know that they are even actually qualified to make these kinds of life, mental and health impacting decisions. Tenants have ao much support and so many rights yet they find loopholes which the government still isn't closing. Now there is a vacancy tax for toronto home owners. The system needs to change to aupport both sides! There are good tenants and good landlords. There are bad tenants and bad landlords. The bad tenants are getting through the cracks and meeting good landlords - this needs to stop. Bad tenants need to be reprimanded. The credit bureau reporting doesnt do a thing!! Landlords should not be left feeling helpless when they are being done wrong.
@Jebbis
@Jebbis 4 месяца назад
If you can't afford the property with out the rent you could never afford it in the first place.
@tRaInWrEcK4751
@tRaInWrEcK4751 4 месяца назад
Why is it okay for a tenant to not pay for a house when literally every adult pays for a roof some way shape or form. If a landlord defaults they lose their home. Why should a tenant be allowed to default let alone destroy someone elses home. You dont know what it took for someone to buy a home or how circumstances change. Tenants go through hardships too but my point is if you OWN you cannot go without paying for a roof over your head without consequeces, its not a landlords responsibility to house a GROWN ADULT for free and cover their living expenses. Thats what tenants that are okay with this are basically expecting. Our country is filled with pathetic man children and this is why its going down the toilet
@user-ld6wo4rv8h
@user-ld6wo4rv8h 4 месяца назад
This is what happens when you allow a bunch of women to govern the country.
@XetaXones
@XetaXones 4 месяца назад
@@tRaInWrEcK4751you guys wanted higher value homes. Now youre the only ones who can afford them and you cant even afford them. Looks like you bit off more than you can chew, but like spoiled brats expect to alwasy be in control to defer consequences on some poor chap.
@seanothepop4638
@seanothepop4638 4 месяца назад
@@XetaXones They wanted a scam, proposed one and got the scam and are now mad they're scammed. I CAN make this up but canada definitely beat me to it.
@G11713
@G11713 4 месяца назад
Douglas Kwan of the Tenant Advocacy Group, is providing wrong stats. Cases have increased and staffing had shrunk perhaps to balance the budget or in anticipation of the claims of the automation product. Though they may have hired new staff recently to pump up the numbers experienced staff left. However, this is not a battle between landlords and tenants. The Ontario LTB has become useless under, Doug Ford, Conservatives. When the courts don't work you will get the rise of the mob. That is a horror no one should want but it will happen if things aren't fixed and more money poured into it. What is a balanced budget worth in a mobed up housing market? A ounce of prevention is worth a pound of cure.
@Janeair41....
@Janeair41.... 2 месяца назад
My ❤ goes out to all the small people landlords who are doing the best, and then we get sat upon by flippant, destructive non paying tenants, and laws that haven't been enacted to back our rights. I noticed the only landlords can get anything done are the LLC'S. most landlords are not looking to become gazillion airs. Where are our advisors, advocates, and political leaders on these topics?
@strictlykev311
@strictlykev311 4 месяца назад
Nice to see landlords are given a voice for grievances but what about all the terrible stories of tennant experiences. Lets call out bad landlords and a system thats unaffordable
@allanblack2793
@allanblack2793 4 месяца назад
The flip side of this is the slumlord with rodent infested overpriced hovels that should be condemned or the air bnb parasite that drove traditional rents through the roof.
@suzamac3260
@suzamac3260 Месяц назад
There always have been slum landlords and good landlords. The problem now is that the cost of owning a property has skyrocketed and the landlord is at the mercy of the rental board and a mentally ill / or entitled renter.
@jackieport7169
@jackieport7169 4 месяца назад
Bought a little house in 2014 as an investment. Rented it out to the same family from then til July 2023. They destroyed it.
@ucantSQ
@ucantSQ 4 месяца назад
You could have invested in bitcoin, or just some boring mutual funds. You'd have doubled your money. Live and learn.
@abcdedfg8340
@abcdedfg8340 4 месяца назад
As you said, you invested. Live and learn. I cant say I am sorry. Because you invested trying to make a profit off of the basic living needs of others. Sorry just my opinion.
@ashleyc506
@ashleyc506 4 месяца назад
@@abcdedfg8340 And why aren’t individuals responsible for their own “basic living needs”? In a capitalist society, everyone is responsible for themselves. Sorry, just my opinion.
@christineelsey3104
@christineelsey3104 11 дней назад
I have been a small landlord for over 20 years. Before the pandemic, you could get an eviction for non payment of rent within 4 months. Even back then, that meant a small landlord was already out 6 months rent. There are 2 sets of paperwork you serve by the time you can even apply to the Board. But.. the pandemic changed that. One bad tenant caused us to sell a property. Took over a year to evict a non paying tenant, who had destroyed the unit. Then we had to fight to get her stuff out. That was another 6 months. By then, we couldn't afford to renovate the unit, especially on top of having to cover that mortgage all that time, without rent. We currently have a duplex. Our daughter is our 'tenant'. She will be our last tenant. I think we'd be very tempted to just sell the property if she was to move. But.. we also keep her rent at a level she can afford to pay ~ which is no where close to 'fair market' rent. So.. she's not going anywhere herself. But, it is a winning situation for us. We had many good tenants over the 20 years with the other house. But, we also had a fair number who didn't pay.. easily a third of our tenants eventually had life things happen that changed them from paying to non paying. Some where planning on not paying rent from the word go. And that was Long before 2020. Being a landlord is definitely not sitting in your lazyboy while the cash flows in. & Lord help you if you get a "difficult to get along with" person in. & it happens much easier than you think.
@mohammadabid4945
@mohammadabid4945 4 месяца назад
From my personal experience, I will say the Toronto Landlord and Tenant Board is the most ridiculous and inefficient department in Canada.
@wernerrhein5655
@wernerrhein5655 4 месяца назад
This is not just in Ontario, I'm living in the Yukon and it is the same here. No help from nowhere especially non from the party that pushed the protection for tenants, but nothing for the Landlords.
@theflowpowa42oshow
@theflowpowa42oshow 4 месяца назад
Real estate investing is risky business.
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