Entries Tagged as 'Kids & Family'

Downtown Toronto Trump Building Renamed

June 28th, 2017 · 1 Comment · Kids & Family

So there’s a good chance most of you have not been following the nightmare that Trump Tower was to investors. My understanding is that the promised returns were exaggerated and expenses understated.  Not really a surprise, but investors were misled. You might also say, they were bled dry, because a lot of them didn’t or […]

[Read more →]

Tags:

Landlording – You can get in but you may never get out

June 1st, 2017 · Comments Off on Landlording – You can get in but you may never get out · Kids & Family

The Rental Fairness Act has passed and received Royal Assent May 30th. You can read it yourself here. Yes the Rent Increase Above The Guideline has been lost, but worse than that are the new rules about the N-12 which is the Notice to End your Tenancy Because the Landlord, a Purchaser or a Family […]

[Read more →]

Tags:

Rental “Fairness” Act – How bad is it?

April 26th, 2017 · 35 Comments · Kids & Family, Landlord Advocacy, Rental Property

I have read Bill 124, Rental Fairness Act 2017 and I have to say the news is really bad. Rent Increase Exemption Gone Remember when we could increase rents to reflect increases in maintenance fees and other costs? Well that just ended. I can’t say I’m surprised with the widespread abuse of the exemption to […]

[Read more →]

Tags:

Reader Question about Rental Deposits

April 22nd, 2017 · 3 Comments · Kids & Family

Here’s the question for the day: Tenant signed the lease and provided last month rent. They are set to move in in 1 week. I have received a call that they are now backing out. As the lease has been signed and last month has been provided are we able to keep the LMR (last […]

[Read more →]

Tags:

Property Management – What you don’t know will kill you (and me)

April 19th, 2017 · 4 Comments · Kids & Family

I love the real estate business and I’ve been working as a property manager for 20 years. The last few months have been a real struggle. I have traced the problem down to the plethora of new owners who want to rent out their property. They don’t want to be landlords or know anything about […]

[Read more →]

Tags: