In Ontario, with residential tenancies, there is almost no point to a lease because the Landlord & Tenant Board will not enforce clauses that are not part of the RTA. Having said this... most tenants will in fact honor the contract they signed. Not every tenant is a deadbeat, most are decent...

My thoughts are that if they couldn`t manage their first business properly you should stay as far away as possible.

This is a problem in Toronto also, there`s a divide between what`s theoretically possible and real life. I even have problems with my own garbage. In my case it`s the recycling that builds up. It happens on a regular basis that I have more recycling than the bin will hold. The worst is probably...

There is a code of ethics and the agent should be reported here http://www.reco.on.ca/ I have two friends who are real estate investors, they live on the same street. Last year a Power of Sale was on their street. They called multiple time and never even got in to see the house. This went on...

I wonder what the statistics are for a few of the stated occurences 1) Both tenants are separated and also living with family (what are the odds of that? ) 2) Both tenants simultaneously "forgetting" to write down the previous landlord 3) Tenants separating again after 2 separations (third...

New Free Website for Rental Ads – Rent CompassHappy Thanksgiving! I found out about this new website for placing free rental ads. There’s lots of websites with free ads but they’re pretty similar. One problem I have with these is the spam that you get after posting but this one is moderated...

I am not in favor of landlord licensing but I really wish that beginner landlords had to take a class, for their own benefit. The basics of landlording... Landlord & Tenant Board Basics - How to fill out an N-4 - Landlord responsibilities - Leases - Fire safety - Entry Tenant Screening...

Low income is not a protected group, source of income is and apparently the 30% arbitrary cut off is. Lots of big corporates use this criteria. The idea of this is to prevent landlords from discriminating against people on Ontario Works just because they are on OW. I have found that people...

Security is always a concern, most people just put a hockey stick on the bottom to reinforce the lock so the door can`t slide. As far as broken glass or someone breaking it is concerned I`m not sure it matters if it`s a smaller but still big enough to get out of window or a large sliding door...

I just want to mention that one owner I worked with used to install sliding patio doors in his basement suites. His houses were all in very high demand areas and it made a huge difference in the amount of rent he would get as well as how long his tenants would stay. It also dealt with a common...

View-it.ca is a rental site, they manage to get a photographer out to photograph the property, and post information for $60.

QUOTE (housingrental @ Oct 5 2010, 08:14 AM) Hi Berubland Your calculations are way off. Here`s what it really looks like for an agent that chooses a lower cost brokerage: 1 house a month equals 12 houses a year Average price apx. $350,000 (12 x 350K) x 2.5% = $105,000 75% to agent, 25% to...

You might not want to use it. Just ask yourself what if the form asked what color the applicant was? There have been very few completed discrimination suits against landlord but for the sake of a form, might as well change it a bit.

QUOTE (housingrental @ Oct 4 2010, 12:53 PM) Sure but this is of total comission offered on property which your other wording didn`t imply... so if 2.5% buyer agent commision buyer agent gets that less broker split + there costs - what I`m trying to write is there many cheaper options for broker...

QUOTE (housingrental @ Oct 3 2010, 10:37 AM) 20% ? Who the agent with high fee brokerage who sells 1 house a year? There are many options for agents that offer 50-80+% to agent + minimal fees No, first of all the listing agent will usually split 50/50 with the other selling agent Then each...

I don`t think the idea is tremendously increase the rental supply for the city but rather to encourage the owners of already existing suites to legalize them. Some of these suites are fire traps and in very bad condition. The quality of tenants to be found for these suites leaves an awful...

I`m not sure if all are aware that the original complaint against CREA was from a Discount Broker who had his MLS access terminated for posting all active listings on his website regardless of agent/broker. That broker had to shut down his brokerage and has won 1 civil lawsuit against CREA for...

You`re not supposed to link to outside websites. You`re supposed to copy and paste the article into the message. Unfortunately a carnival is all about links and none of the HTML links came over. Still there were many contributors from this very forum. (About 4-5 I think)

We went live this morning! There are many submissions from REIN members. Canadian Real Estate Carnaval First Edition What`s A Carnival Without Fireworks ? I have received many fantastic submissions for the first edition of the Canadian Real Estate Carnival. I’m excited! There are some...

QUOTE (invst4profit @ Sep 29 2010, 03:40 PM) Something else to keep in mind is that very often condo fees increase considerably within a couple of years following completion of the building. I agree totally with this. I don`t know anyone who owns condos that breaks even on them. Once you do...