- Joined
- Dec 12, 2011
- Messages
- 8
The vast majority of landlords are actually mom and pop businesses not REIN investors.
These are the types of owners that you will typically find on the Ontario Landlord forums that are struggling to break even on there properties.
In addition most are working regular day to day jobs without the ability to increase there incomes which is why many mistakenly invested in rental properties believing it was easy money. They do not personally earn more than qualified tradesmen wages and therefor usually do the repairs themselves. I doubt the majority even see themselves as running a business.
Most would view REIN as little more than a platform for members to sell their products and services.
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Excellent post. In Ontario you need to learn every aspect of the business and take off any blinders or you get burned, fast.
Think of it as a first time poker player going to a table of pros.
Or jumping into a tank full of sharks armed only with a pair of speedos.
These are the types of owners that you will typically find on the Ontario Landlord forums that are struggling to break even on there properties.
In addition most are working regular day to day jobs without the ability to increase there incomes which is why many mistakenly invested in rental properties believing it was easy money. They do not personally earn more than qualified tradesmen wages and therefor usually do the repairs themselves. I doubt the majority even see themselves as running a business.
Most would view REIN as little more than a platform for members to sell their products and services.
----
Excellent post. In Ontario you need to learn every aspect of the business and take off any blinders or you get burned, fast.
Think of it as a first time poker player going to a table of pros.
Or jumping into a tank full of sharks armed only with a pair of speedos.