From the Toronto Star, “Many of the condos that are being built in the heart of Toronto, pictured here in September 2010, are being used as rental stock. Most tenants don’t know that rent guidelines do not apply to units…” (more…)
Posts Tagged ‘investment properties’
“A Landlord’s Rights & Obligations in Ontario, 2011”
Niagara Falls: January 27, 2011
Burlington: February 3, 2011
Toronto: February 10, 2011
**OTTAWA!! TWO DATES ADDED DUE TO DEMAND:**
Feb. 24, 2011
Feb. 26, 2011
Good Afternoon Katherine
Just a sincere note of thanks for the EXTREMELY informative course you ran yesterday on ” Ontario Landlord’s Rights & Obligations 2011 “. I have been a Real Estate Broker with Royal LePage since 1985 and am a Second Generation Rental Property Owner, whose late Father, Arthur Wheeler, was one of the First Organized Property Manager’s listed in the Yellow Pages in Toronto in the 1950’s – 50 years of Property Management experience can never replace the valuable information gained from this course ! This one day course has changed how our Family will be managing our Properties to save thousands of dollars and reduce potential hours of unwanted stress !
In addition to the day to day management of our existing Rental Properties, Katherine’s Course has also impacted how we are dealing with the acquisition of new Investment Rental Properties.
Again, Katherine, I can’t begin to thank you enough for all your knowledge and experience that you imparted to me yesterday.
Real Estate Broker
Royal LePage Real Estate Services Ltd.
Katherine Paliwoda, tells everything you need to know, and then some in her latest seminar. “A Landlord’s Rights & Obligations in Ontario, 2011″ will give you the leading edge information that you need to properly and safely represent your client, or rent out your property.
Katherine is a “first class” facilitator who is far from new to the real estate industry. Participants in her live events find themselves spellbound and hanging on her every word. With 27 years of experience, Katherine Paliwoda comes highly recommended by The Ontario Landlord Association, and by virtually every student she has taught.
In this 6 hour course; “A Landlord’s Rights & Obligations in Ontario, 2011″, you’ll learn about the critical things you must do, and things that you definitely shouldn’t do when purchasing, renting, and managing a residential rental property in Ontario.
Do you want to protect yourself from issues that are likely to happen when you purchase, sell, or rent your property? Katherine will break it all down for you in understandable bite sized chunks. You’ll be lead through several potential scenarios and give you solutions that can only be acquired through several years of experience in dealing with landlord tenant matters in Ontario.
If you’re a real estate investor, seasoned or novice, a real estate agent in Ontario who wants to properly protect your investor clients, or you’re a landlord in Ontario, this full day seminar was designed for you.
You will leave with a clear understanding of your rights and obligations as a landlord, which will help you to avoid unnecessary and costly legal issues. You’ll understand the Residential Tenancies Act (RTA), and how it effects you as a landlord in Ontario.
This is a full day course jam packed with money saving information and tips for anyone who is a landlord in the Province of Ontario.
Katherine is offering a 15% attendance discount to members of the Ontario Landlord Association. If you are not already a member of OLA, join today!
For other dates location & registration information please visit us at
Please note that this course does NOT qualify for CEU’s.
Landlord Tenant Matters respects the industry guidelines and governance of RECO’s educational mandate.
Our mission is to educate and coach Ontario landlords so they may have peace of mind when navigating and understanding the rules of tenancy in Ontario. Due to the nature of this training, the program has been fortunate to attract landlords who are also real estate practitioners and real estate practitioners that serve and work for the best interests of landlord investment clients.
Our program requires timely, up-to-date information and access (if needed) to the instructors during and after the educational programs we provide.
It is in our opinion that we are better served by offering our program exclusively of RECO and their CE Credit guidelines.
The Landlord Tenant Matters Team
“Peace Of Mind For Todays Landlord”
Incredible Investment Opportunity East of Toronto!
OLA and CLA recommended mortgage broker: Kevin Boucher of Invis.
Invis is Canada’s largest mortgage brokerage firm. With offices from coast to coast, our strength and experience allows us greater leverage in negotiating the best products and rates with over 70 lenders across the country.
I work hard to provide maximum flexibility in financing options and deliver the most competitive and innovative products and services to suit your individual needs.
As an Invis Mortgage Consultant, I will:
determine your specific mortgage financing needs, negotiate with lenders on your behalf, get you the most competitive rates and I will offer you the widest choice of mortgage options including:
- variable rate mortgages
- capped variable rate mortgages
- fixed rate mortgages
- mortgages for rental properties
- mortgages for the self-employed
I will counsel you on credit and mortgage qualifications, offer efficient and highly personalized service, and help you every step of the way.
Whether you’re a first time or repeat buyer, wanting to renew or refinance your existing mortgage, I can negotiate the best mortgage on your behalf.
The good news is that there is no cost to you for my services – the selected lender pays Invis to source the mortgage.* You benefit from my access to lenders, market knowledge, exceptional negotiation skills, as well as my commitment to highly personalized service.
Why wait? Access your options today.
No matter what type of mortgage financing you are looking for, it makes sense to speak with me first. I can meet you at your convenience, whenever and wherever you wish.For more information, email email@example.com.
Forming a community with other landlords is paramount to success in the rental property business.
Jane Schweitzer, the Assistant Moderator for Ontario Landlords Association, points to one of the most crucial reasons for joining a landlord association: strength in numbers.
“Unfortunately, landlords are caught in the political crossfire in Ontario, and many of us are fighting for basic rights, as well as keeping our heads above water in a difficult legislative environment,” she says. “By joining together we can further our cause.”
Ms. Schweitzer points out that Ontario landlords badly need to reform the Landlord and Tenant Board and OLA has been in contact with the Ontario Ombudsman to take up that cause. “All the support we can garner from members is crucial to making this happen,” she says. The OLA is also a regular contributor to news organizations around Ontario to make sure that the rights of landlords are not forgotten.
In Alberta, Directors of the Edmonton Apartment Association participated in committee to review and revamp the new Residential Tenancies Act, Ministerial Regulations and Code of Practice. In addition, the EAA collaborated with the Canadian Federation of Apartment Associations on federal tax issues.
The voice of landlords in British Columbia, the British Columbia Apartment Owners and Managers Association, was instrumental in eliminating the Provincial portion of HST on energy costs for landlords, and has made strides to obtain economic incentives for landlords. Government lobbying is BCAOMA’s most important benefit – lobbying for their members with one strong, well-respected voice. BCAOMA develops and maintains key relationships and monitors municipal and provincial government officials who are critical in ensuring the success of the rental housing industry.
Small landlords can find a loud voice by joining with others who share the same economic interests and concerns.
Property Management Advice
Landlords can turn to their associations to offer tips and a forum to discuss everyday issues. For instance, the Ontario Landlords Association landlord forum has over 30,000 posts in a year.
Edmonton landlords can participate in a number of networking and social functions and swap stories with other landlords. In addition, the EAA website tracks market trends and offers notifications of changes in the tenancy laws.
BCAOMA offers a number of networking opportunities, as well as its Best Practices for Landlords 101 and 102, seminars that cover tenancies from tenant screening through eviction and dispute resolution. BCAOMA hosts industry related meetings and seminars on a regular basis with a focus on important topics to assist landlords in making important decisions to secure a good return on their investment. Topics have included maintaining your property, attracting and keeping good tenants and understanding the provincial and municipal laws around apartment ownership. BCAOMA members also have exclusive use of over 30 types of professionally-drafted tenancy forms, including applications, agreements and condition inspection reports.
Access to Landlord Services
Landlord Associations list trades persons and suppliers who support the rental industry. From tenant credit checks to eviction assistance, the suppliers listed with landlord associations have been found to be excellent companies and are approved by other landlords.
In many cases, these companies offer the best pricing and many offer special discounts to association member landlords.
BCAOMA vows to increase a landlord’s net income on rental properties if landlords take advantage of the discounts it has brokered with trades and suppliers.
There are a number of Canadian landlord associations that offer landlords valuable benefits, and you are encouraged to take advantage of the opportunities offered, find your voice, and profit in your rental business.
JOIN THE ONTARIO LANDLORDS ASSOCIATION AND MAKE A DIFFERENCE!
An important report on the bedbug problem in Toronto.
The OLA comments at 4:20
The devastation in this video should have been avoided. The tenants responsible for this destruction have done this before. Too many times. Their victims: small, residential landlords who were vulnerable, unsuspecting and could ill afford what would happen to their investment properties.
The victims: Tyler and Lisa Sage, Amatal Wadood, Gary and Nancy Woodley, Judin and Anne Xavier, Lois Debeaucamp. There are more.
The story is the same for each of them. The tenants pose as a responsible and financially responsible couple, seeking a nice home in a lovely neighbourhood. They express a sincere desire to raise their little girl in a safe area, and are planning to purchase their own home one day soon. Landlords love their story, they appear to be excellent prospective tenants.
Soon after they move in, the games begin. Bounced cheques, emails full of excuses and lies. The moment the landlords begin to stand up to them, the truth is realized. They lied from the beginning. They know the system. They threaten, and hold property hostage while the system governing evictions grinds along. All the while, the conditions inside and outside the homes deteriorates. When it’s over, the rent arrears are significant, the damage is unbelievable. Instead of being ashamed or remorseful, however, they file applications against their landlords for harassment, and file Claims in the higher courts for the heaps of belongings they leave behind.
These tenants do not face any exposure or consequence before the Landlord and Tenant Board, and they are empowered to do it over and over and over again. It’s time to ask WHY.
Recently a Newfoundland landlord found himself in a controversy regarding a rental ad he posted on Kijiji.ca.
property on another Internet classified site, Craigslist.
Suspicious, the landlord researched Craigslist and indeed found his property advertised by an impostor.
The fake landlord was asking half the rent, and allowing both smoking and pets on the property, which the actual landlord had restricted.
The local police found there was nothing they could do to stop the fraud. Craigslist also failed to pull the ad or warn potential victims of the fraud, so the landlord took matters into his own hands. He contacted the fraudsters directly, and posed as a tenant to gain more information.
He was told to send a deposit, and upon receipt of the funds, the “landlord” would ship the keys. He was invited to view the apartment on his own. Eventually, the scammers became suspicious of the real landlord’s probing inquiry, and pulled the ad.
In a related incident, a RCMP officer went undercover to bust an Internet rental scam in Kelowna, B.C. In this case, a teenager and her 21-year old friend posted an ad for a rental on Castanet. The 17-year old posed as the landlord’s daughter. A victim deposited some money in the “landlord’s” bank account without becoming suspicious of the scam. The victim believed that the property could not be shown at that time because it was currently occupied. A few days later, another victim posted a warning on the Internet regarding that ad. That prompted a call to the police.
The fraudsters made the mistake of continuing to communicate with their victim and demanded the rest of the agreed-upon payment. But instead of meeting with the victim, the cons met an undercover officer. Both were arrested and charged with fraud.
In the U.S., landlords have been warned by the F.B.I. of a rash on similar Internet scams. Perhaps the most notorious was a couple who moved across country to an Arizona home offered for rent in Craigslist. The family of nine could not believe the luck of finding a large house with a swimming pool for such low rent and immediately sent a deposit to hold the property. In this case, the tenants were given access, and actually started moving into the property before the real owner returned from vacation to find the family in her home.
In an act of great kindness, the owner allowed the victimized tenants to remain for some time until they could find another place to live.
While some of these frauds may seen obvious to landlords, who understand the normal rental process, they are not so obvious to renters. It is estimated that scammers often net thousands of dollars from each of these fake ads.
Some landlords are becoming skeptical of posting Internet ads, and relying instead upon rental signs, or newspaper classifieds. Others post warning within their own ads, for instance, advising that all applicants must meet with the landlord personally, and the approved applicant will undergo a credit check before they will be asked to pay a deposit.
Not all mortgage professionals are created equal. This is especially true if you are invested in, or want to invest in, rental properties.
The Ontario Landlord Association recommends you connect with Mr. Kevin Boucher of INVIS. He has years of successful experience helping landlords across the country. Here’s Kevin:
“Invis is Canada’s largest mortgage brokerage firm. With offices from coast to coast, our strength and experience allows us greater leverage in negotiating the best products and rates with over 70 lenders across the country.
I work hard to provide maximum flexibility in financing options and deliver the most competitive and innovative products and services to suit your individual needs.”
Contact Kevin for all your mortgage needs. He understands landlords!
You’ll be amazed at his professionalism and level of knowledge.