The courts in Ontario have no records of Landlord Tenant Board rulings. The Ontario government does not allow any rulings of the LTB to be made public with tenants names attached. As the majority of rulings appear to be against tenants of low income and those on government assistance the...

Have you studied the RTA. Do you provide a lease that is compliant with the RTA. To what extent do you screen applicants.

It is extremely rare for expenses on a property to be as low as 30% of gross income as you have shown. Possible but very unlike long term.You don't mention the age of the property but I would assume your capitol and repair expenses will be higher. In addition you have left out some expenses...

Nice purchase, your expence estimates are slightly low but you should still see a positive cash flow of slightly above $100/door from the get go.

Ontario is not so much stricter it is simply the fact that the regulations are in place primarily to protect tenants. The Ontario government is of the mind that rental properties exist for the benefit of the tenants not the landlords. As long as tenants pay the rent they owe, aside from the...

A N4 and L9 can not be issued concurrently. The N4 states a date by which a tenant must pay or vacate the unit. This supersede a L9. At the earliest a L9 may be filed the same time as the L1 however the tenant must still be in possession of the unit for the L9 to apply. In essence a N4 is a...

This is one of the most common mistakes of a green landlord and one of the first lessons learned. Seasoned landlords do everything in their power to reduce the risk of renting to anyone. This includes thorough screening and never renting to anyone you know, recommended by a friend or anyone you...

I don't know about out west but in Ontario there was a lot of speculative buying of over priced condos that the owners rented out and now find they paid too much and can't sell into a flooded market. We have a lot of unintentional landlords locked into negative cash flow having major regrets.

I doubt anyone can accurately predict when condo prices will return to the 2008 highs but I would conservatively predict it will be a very long time. A "long time" being a relative term. Give it 10 years and see what happens.

Paying down of a mortgage to create cash flow should be from your tenants rent not from your own savings. Spending your own money to create cash flow is not true cash flow it is only the illusion of cash flow created by shifting your present assets (cash). Basic business smoke and mirrors. As...

Biggest issue I have heard of is that realtors do not adequately screen tenants then when landlord has issues realtor is not responsible. Screening of tenants is in many ways an art that non landlords rarely care to pursue. Thanks but no thanks I will find and screen my own applicants.

If the cash flow numbers are accurate it doesn't look on the surface too bad. Problem is that estimates on cash flow based on the next ten years expenses is very difficult to determine. Especially predicting tenant behavior. Mortgage pay down is of little value until you sell and being unable...

In the event you are looking at starting with a single door I would suggest you defiantly buy close to home so you can manage it yourself. Finding a decent property management company that will care enough to do a good job with only one unit is imposable to find. Bottom line is you should start...

Congratulations, great start. If you have not done so already get connected to the governemnt RTA and LTB web sites to get a leg up on tenant management.

I agree 100% with Jason's advice. If you are new to the business I highly recommend learning the business from the ground up. It is extremely difficult to manage property managers from a distance if you have no idea what you are talking about or dealing with. Invest within easy driving...

Do you presently own any rental properties. What size of investment property are you looking at buying. Number of doors? In my opinion your present investment status should play a major roll in your decision. For example are you intending to be strictly a investor or are you considering...

You will need to do better than just say she is moving into the apartment if the tenant refuses to leave and you are forced to evict via a board application. You will need to have your mother at the hearing as as witness and have her state she IS intending on moving into the apartment as soon as...

I would say if the plumber wants his snake back he is responsible for removing it. If it was my home and the plumber does not remove his snake I would then happily be the new owner of a plumbing snake. As far as removal is concerned you should be able to do it yourself by simply trying harder...

No. Ontario`s landlord tenant board being very tenant friendly they will not allow him to evict unless he can prove he has a family member actually needing the apartment. It can not simply be a case of wanting the space they must actually "need" the space and prove it. He could have an...

One word of caution. If you chose to go the route of evicting for personal use, as Thomas suggests, do not ask the tenant to voluntarily leave or try any other eviction method before informing them you are evicting for personal use. If you do they will argue you are not being truthful and your...