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Category: rental-property

  • 4 Ways How To Deal With Problem Tenants In The GTA

    How To Deal With Problem Tenants In The GTA
    How To Deal With Problem Tenants In The Toronto Area?

    Are you a landlord with problem tenants? You’re not alone. Many landlords find out the hard way that they have frustrating tenants in one of their rental properties. In this article, we’re sharing 4 ways how to deal with problem tenants in Toronto and in the Greater Toronto Area.

    If you own a rental property, sooner or later you’re going to deal with a frustrating tenant in one of your properties. Maybe they trashed the property, maybe they never pay rent on time, maybe there are too many people living there, maybe they just call you for every little thing. No matter what the situation, tenants like that will eventually rent your property. Here are 4 ways to deal with a frustrating tenant in Toronto when it happens it to you.

    Try to convince or negotiate with your tenants

    You can try to reason with your tenants and explain that you provide a service so they need to pay and treat the house properly. Perhaps your tenants don’t realize they are inconveniencing you or maybe they’re not paying because they need a different payment schedule (such as weekly instead of monthly).

    Evict your tenants

    Evicting tenants can be tricky and even legally complicated but it’s an option for you. Laws often favor tenants over landlords so you might have an uphill battle but in the long run it could be worth the effort to get them out of your property and instead get someone into your property who is a better tenant.

    Explore other legal options

    In some situations, you may be able to explore other legal options, from suing your tenants to getting their wages garnished. It all depends on the situation and the laws governing that situation. Of course, you may need to work with a high priced paralegal to do this but sometimes it’s worth the expense just to get a problem tenant out of your rental property.

    Sell your property

    If your tenants are a real hassle and causing you a lot of stress and expense, then you can always sell your property. In fact, a lot of rental property owners that sell to us do so because of the frustrations they face dealing with tenants. Depending on who you sell to, you may not even need to evict your tenant first (for example, in many cases, we just buy and evict for you). For rental property owners with family living in the rental, this is an ideal solution.

    If you want to sell your rental property to us and finally get rid of the hassles and headaches, then get in touch and let us know about the property so we can make you an offer. Click here now to fill out the form or call our team at (647) 848-7790.

  • How To Get Rid Of A Bad Tenant In Toronto

    Owning a rental property is an excellent way to generate extra income for you and your family. However, if you are faced with bad tenants, your wonderful investment can quickly turn into a nightmare! In our latest post, we will provide you with our favorite tips for how to get rid of a bad tenant! 

    Do own a rental in Toronto or elsewhere in Ontario? Are you sick and tired of dealing with tenants who aren’t on time with rent or who are destructive to the property? If you have ever experienced a tenant like this, you’ll know it can quickly make you regret owning the rental in the first place! Usually, problems can be remedied on your own, without having to involve outside parties.

    How to Get Rid Of A Bad Tenant In The Toronto Area

    Try To Be Understanding

    While you should treat your investment(s) like a business, there is a time and place to be human. Sometimes good people find themselves in a tough situation. If an otherwise wonderful, long-term tenant is late on rent, you don’t necessarily have to evoke the highest penalty outlined in the lease. If you have an excellent renter with only one minor infraction, it is best to overlook the problem as opposed to potentially losing a great tenant. Just communicate with them and treat them as you would any other wonderful person.

    Stick to Your Guns

    You can only be understanding to a point. Once it goes beyond that, you might find that you are dealing with a tenant who is looking for ways to skip out on rent or repairs. If you let someone pay rent late once, they are likely to want to do it again, and again, and again… Be firm with your policy regarding rent payment. In Ontario you want to sent the tenants an N4 late rent notice and you want to make sure you fill out this forms properly… so read the instructions carefully and double check everything. While there are situations where you can be flexible, simply not having rent isn’t an excuse. This can be one of the most difficult parts of being a landlord and why many investors hire a property manager to collect rent on their behalf.

    Document Everything

    Any and all interactions should be recorded and saved. Write down conversation notes with a time and date, save all texts, emails and any written contact. Take pictures as needed. In situations where damage has occurred or repairs are required.

    Hire a Property Manager

    As mentioned above, hiring a property manager can take the pain out of collecting rent. However, that is not all they do. A property manager will: screen prospective tenants, take care of maintenance, advertise your rentals, handle tenant issues and complaints and even deal with the eviction process on your behalf. If you are managing multiple units, hiring a property manager will save you a ton of time and headaches!

    Eviction Process

    How to get rid of a bad tenant in the Toronto area?
    How to get rid of a bad tenant in the Toronto area? You’ll want to know if they’re not paying rent!

    Hopefully, you won’t ever have to deal with the eviction process as a landlord. It is a long and stressful process that varies province to province. First of all, you need to have a good reason to ask the tenant to move. They need to have broken the lease or be behind on rent. At NO point are you allowed to take matters into your own hands, even if they are causing property damage! You will need an order from the Landlord and Tenant Board (LTB) to remove the tenant’s belongings or change the locks. You will want the courts to see you have done everything right so that they will have no choice but to be on your side in the matter. You will need to provide a formal notice of eviction that includes the day they need to pay by and the amount owed if they want to stay. Use a courier or mail with tracking so you can prove it has been received. You will have to file with the LTB and go through a hearing if the tenant still refuses to move. It is at this point you will be glad you documented everything!

    We’ll buy your house with your bad tenant in it

    We’ve done it before and we’ll do it again. Sometimes you can jump through all the hoops trying to get an LTB eviction, but your tenant knows what to do to stick around. Let’s face it, if the tenant pays their rent up to date, then it’s going to be very difficult to evict. There have been situations were the landlord told us the tenant assaulted them verbally and physically, but in court it turns out to be a case of “he said, she said”. The Board will never be too eager to evict someone from their home. If the situation is more than than you can handle, then call us at (647) 848-7790. We can buy the house and take on the responsibility of your bad tenant.

    Bad tenants are few and far between. With careful screening and an iron-clad lease, you can ensure a peaceful living environment for all of your tenants!

    Are you dealing with bad tenants in Toronto or elsewhere in Ontario? We can help! Send us a message or give our office a call today! (647) 848-7790 

  • Should I Sell Or Rent My House In Ontario

    Are you thinking “Should I sell or rent my house in Ontario? Make sure you know the surprising truth of being a landlord in Ontario because it’s not always what you think it’s going to be…

    truth about being a landlordOwning a rental property seems like a great idea. You find a tenant, and then you profit from the rental income while you manage the property… how hard could it be?

    Problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord in Ontario: You give up some of your personal life – no more private time … all because your tenant can call you at any time.

    There’s the work required when deciding “Should I sell or rent my house”.

    You’ll need to find a good realtor who will require you to keep your house presentable for every showing. Owning a rental will keep you busy. There’s the work required to fix it up, then to find a tenant, then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it. That means: no more uninterrupted vacations because what will happen if the toilet overflows while you’re in a different country?

    There’s the time

    If you’re still thinking “Should I sell or rent my house”, Some landlords try to own a rental property while they have another job but many discover that it’s just as time-consuming…  Between chasing down your tenants to fixing things around the house, it’s one thing after another and you may find yourself being pulled away from your current job… and that’s with ONE rental property. Landlords who own two or more are even busier. If you decide to put your house on the market, you’ll need to spend time keeping the house presentable at all times because you never know when a potential buyer will want to see your house.

    There’s the cost

    Should-I-sell-or-rent-my-house-in-Ontario-Canada
    When deciding “Should I sell or rent my house”, the costs add up and the financial rewards of owning a rental property may not be there for you.

    There are costs for selling a house. Renovations, realtor commission, moving costs, staging costs, cost of eating out because you need to keep the kitchen clean are just a few costs associated with selling your house. Rental properties aren’t cheap. Sure you get some rental income from the tenant but you also have to take care of the property, fix it up, make upgrades, and repair it if the tenants trash it when they leave. When deciding “Should I sell or rent my house”, the costs add up and the financial rewards of owning a rental property may not be there for you. Some landlords end up putting money into the house every month because the rent doesn’t cover everything, such as mortgage, ongoing maintenance, etc.

    There’s the stress 

    When you add up all of those things so far, it equals STRESS! You’ve got so much to juggle with the rental property, and you worry about it constantly, and perhaps you even fear opening the mail because you may find bad news in the next envelope. That’s no way to live. Deciding “Should I sell or rent my house”, is not an easy one.

    If you own a  property and want to sell it without the work, costs or the stress, we can help. We buy properties in any condition. Can we make you an offer on yours?

    Click here now and fill out the form or call our office at (647) 848-7790 and we’ll make you a fair offer today.

  • Selling A Condo With A Tenant Ontario – How Landlords Are Dealing With Tenants Who Don’t Pay Rent

    Are you Selling A Condo With A Tenant Ontario? Do you have tenants who just aren’t paying rent? Are the tenants disturbing other people who live at the condo? It’s one of the most frustrating aspects of being a landlord. In this article, we’ll talk about how Ontario landlords are dealing with tenants who don’t pay rent.

    If you have tenants who aren’t paying rent then you’re facing the same dilemma that many landlords go through at least once. It’s frustrating and unfortunately, your options are limited.

    Of course, the best defense is a good offense – meaning that if you are careful about doing a background check on your tenants, and if you have a contract, then those things will help you. But here are your other options for Here’s how Ontario landlords are dealing with tenants who don’t pay rent. 

    #1. Avoid the situation

    selling A Condo With A Tenant Ontario
    How Landlords Are Dealing With Tenants Who Don’t Pay Rent – Selling A Condo With A Tenant Ontario

    You could avoid the situation and hope they pay. This is definitely not the best option but it is an option that many landlords take. You can just ignore it and hope they’ll pay on time next month and maybe even catch up. Frankly, it may not happen (it rarely does) but it could happen so we’re including it here as a possibility. When dealing with tenants who don’t pay rent, we don’t recommend this strategy because it opens the doors to the possibility that your tenant will take advantage of you.

    #2. Negotiate

    Dealing With Tenants Who Don't Pay RentYou could negotiate with them because maybe they just need a different payment schedule. Not everyone can pay easily each month; some renters can pay better by the week because it’s a smaller payment. Or maybe you can get them to do some work around the property in exchange for a discount on the rent. If you choose to negotiate with your tenant, make sure you get an agreement from them that works for both of you, otherwise, you’ll just feel even more frustrated!

    #3. Evict

    You can try to evict them, although be aware that this can be a complicated, time-consuming process that may involve some legal hassles too. Eviction is very difficult to do, especially since many laws favor the tenant over the landlord. In recent times there have been more complications because the courts have been closed to the pandemic and this can delay an eviction for many more months. It may be worth evicting in the long-run, though, if you can get a paying tenant into your rental property.

    #4. Sell

    Another option is to sell.  If this is just one of many frustrations you’re facing with your rental property, then it could be your best option! Just imagine selling the property and getting on with your life – and not having to deal with tenants their annoying troubles any longer. Many landlords love the new-found freedom they get when they sell. Sometimes tenants are so difficult, that you need to sell the condo sight-unseen. Rest assured there are some buyers out there who will buy sight-unseen. If you are Selling A Condo With A Tenant Ontario then you do have options even if the situation is terrible.

    At GTA House Buyers we buy frustrating rental properties from landlords like you who are burned out, worn out, frustrated, and who just want to get their lives back.  Please click the link if you want to get rid of the headache. We’ve handled these headaches before!

    Click here now and fill out the form or give us a call at (647) 848-7790 to get a fair fast cash offer from us today.