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Ontario Landlords Association: Help For Mississauga Landlords Part 1

February 4th, 2016 · Investment property, Landlord legal issues, Latest News, Mississauga landlords, Ontario Landlords Association

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We wrote before about the big changes that have happened for residential landlords in Mississauga. The post was called “Mississauga Ontario Landlords Do You Have Your Landlord License?

We posted it and the feedback was intense from small residential landlords in Mississauga who want to follow the rules and succeed.

More Information About Our Post For Mississauga Landlords

We let everyone know about a very important interview from the Ontario Landlords Association with Mickey Frost who is the director of the Bylaw Office in Mississauga, Ontario.

It was terrific that the Ontario Landlords Association has enough power due to it’s tens of thousands of members to get these types of very helpful interviews with key players in the rental industry! This is another reason why residential landlords should joint the Ontario Landlords Association and become part of a VOICE FOR ONTARIO LANDLORDS.

What Did Mickey Frost Say For Mississauga Landlords?

He was very open and helpful. He made it clear that “some Mississauga Landlords are unaware” of the need to get license from the City if they are renting out their basement or any part of their residential home.

What Else Did Mickey Frost Say To Help Inform Mississauga Landlords?

He also made it really clear he is concerned about the safety of tenants and that’s why the bylaw and licensing exists. Let’s look at the original highlights for INTERVIEW 1:

The Ontario Landlords Association writes that:

“Some Mississauga landlords are unaware of the need to get a license from the City if you are renting out your basement or other part of your home.”

And they say:

“It’s important that Mississauga landlords are aware of the requirements to rent out property and follow the rules carefully. This way tenants are assured of safe rental properties.”

In the 2016 Update Frost Provides More Policy Details

We would again like to thank Mr. Frost for his cooperation helping us educate landlords in the city.

Has Anything Changed for the Mississauga Landlords in 2016 Regarding the Bylaw?

The requirements for obtaining a second unit licence have not changed under the Second Unit Licensing Bylaw 204-13, as amended. The licensing fees as listed in Schedule 1 of this bylaw will remain in effect for 2016.

How Many Units Have Been Licensed So Far?

As of December 21, 2015, a total of 121 second unit licences (97 Owner Occupied and 24 Investment Dwellings) have been issued and approximately 129 applications (107 Owner Occupied and 22 Investment Dwellings) are currently pending at various stages in the process. A list of licensed second units can be downloaded and viewed on Mississauga Data. Information on licensed second units is updated weekly (last update: December 18, 2015).

Tenants can report safety concerns or unlicensed second units by calling our Citizen Contact Centre at 3-1-1 (if within City limits) or 905-615-4311 (if outside City limits), Monday to Friday between 7:00 a.m. and 7:00 p.m. or by email at bylaw.enforcement@mississauga.ca. Please note that City offices will be closed on December 24th at noon to January 3, 2016 inclusive.

Should you require additional information or assistance on this matter, please contact Mr. Douglas Meehan, Manager of Compliance and Licensing Enforcement, by telephone at (905) 615-3200, ext. 5676 or by email at douglas.meehan@mississauga.ca.

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Should I become a member of the Ontario Landlords Association for a One Time Registration Fee?

August 2nd, 2015 · Credit check, Latest News, Review of Ontario Landlords Association Membership

 Review of Ontario Landlords Association Membership

There is a terrific post at the Canada Landlords Association site that recommends membership with the Ontario Landlords Association. It’s really important and helpful reading for anyone who has invested in Ontario residential real estate.

It’s a great post that answers the question “Should I become a member of the Ontario Landlords Association for a one-time registration fee.”

The answer is: yes, you should become a member of the Ontario Landlords Association! 

It’s a no-brainer if you want to become a successful landlord who gets big profits.

The Canada Landlords blog starts off with discussion on how more and more people are investing in properties and becoming landlords in Ontario in 2015.

Why are more people becoming Ontario landlords?

Mainly because the real estate market in Ontario is hot. This is especially true in the Greater Toronto Area (GTA) where prices are rising every month and more and more investors from Ontario, across Canada, and around the world are investing.

It’s one of the hottest real estate markets on the planet!

What About Interest Rates?

Just recently the Bank of Canada held interest rates steady. This means rates are still really low (and might even go lower) and this is good news for people who want to investing in income properties because it means your monthly payment will be low.

By buying an income property (or rental property) and renting it out to a tenant you can get your mortgage covered and also benefit from the appreciation of your investment.

Some landlords on the Ontario Landlords Association forum have said their rental properties have appreciated over $200,000 in only a few years … all the while the tenants they rent to are the ones covering the mortgage payments while the landlord smiles.The math doesn’t lie.

Ontario Landlord Dangers

With all this good news, fresh landlords and investors need to be aware of the dangers of becoming an Ontario landlord. You can find out about these dangers by reading the posts and articles at the Ontario Landlords Association website which has news for all Ontario landlords.

For example, the Ontario Landlords Association says that according to the Toronto Star landlords can now accept offers of extra rent and deposits from tenants.

There are also posts about “tenants from hell” who don’t pay rent and manipulate the Ontario Landlord and Tenant Board.

Review of Ontario Landlords Association Membership

Take a look, it’s the deal of the century for residential landlords! Only a one-time registration fee to get access to amazing credit checks, networking, and the Ontario Landlord Rental Kit!

The discount you get on premium Equifax credit checks makes up your registration fee fast and you get so many other benefits!

And the Rental Kit is filled with amazing applications and leases and everything you need to succeed as a new Ontario Landlord!

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Mississauga Ontario Landlords Do You Have Your Landlord License?

January 18th, 2015 · Landlord Licensing, Mississauga landlords, Ontario Landlords Association Review

 Mississauga landlords license

There is an excellent post at the Ontario Landlords Association to help Mississauga landlords.

It’s an interview with Mickey Frost who is the head of the Bylaw Office in Mississauga, Ontario.

The Ontario Landlords Association writes that:

“Some Mississauga landlords are unaware of the need to get a license from the City if you are renting out your basement or other part of your home.”

And they say:

“It’s important that Mississauga landlords are aware of the requirements to rent out property and follow the rules carefully. This way tenants are assured of safe rental properties.”

In an effort to help get the message you we interviewed Mickey Frost the Director of Enforcement for the City of Mississauga.

Here is the Interview with Mickey Frost:

Why does Mississauga require small landlords get a licence when big cities such as Toronto do not?

Mississauga City Council approved a plan to permit second units on July 3, 2013.

The plan includes official plan policies, zoning regulations and licensing requirements.

The official plan policies permit second units within detached, semi-detached and townhouse dwellings, where appropriate.

Part of this plan included a requirement to licence second units. This was initiated to ensure that these units meet health and safety requirements, property standards requirements and are compliant with the Ontario Fire and Building Codes.

The licensing system also provides a mechanism through which ongoing inspections can take place to ensure that the secondary units are maintained and meet the requirements of City of Mississauga By-laws.

As to why Toronto has chosen not to pursue a licensing regimen for second units, we would be unable to address that question.

What is the reason we need to get a licence in Mississauga?

The Second Unit Licensing By-law 2014-13, as amended, Section 2 (1) requires that:

“No Person shall own or operate a Second Unit unless the Person is licensed under this By-law.”

If I don’t have a landlord licence and apply for one now will I be punished?

Mississauga City Council approved a plan to permit second units on July 3, 2013. The plan includes official plan policies, zoning regulations and licensing requirements.

The official plan policies permit second units within detached, semi-detached and townhouse dwellings, where appropriate.

Part of this plan included a requirement to licence second units. This was initiated to ensure that these units meet health and safety requirements, property standards requirements and are compliant with the Ontario Fire and Building Codes.

Property owners who fail to obtain a second unit licence may be charged with an offence under the by-law and if found guilty are liable to a fine of not more than $25,000 for an individual or $50,000 for a corporation.

Can my basement be ‘grandfathered’ in? I did lots of improvements years ago to make my unit “safe”.

There is no “grandfathering” provision contained in the by-law.

If a second unit is present in a residential property, a license is required.

Question: Do I have to pay a licensing fee every year?

Yes. The required license is valid for one year and must be renewed every year.

If I have a tenant who doesn’t pay rent do I still have to pay for a licence even though I don’t get rent?

Yes.

Is there any way I can lose my landlord licence?

The Manager has the authority to refuse to issue or renew a licence. This is identified in Section 8 of the Second Unit Licensing By-law 2014-13 as amended.

What happens if a vindictive tenant calls the city of Mississauga by-laws and claims my licensed unit is unsafe? Will I lose my license?

No If a complaint is received, a Municipal Law Enforcement Officer will be assigned and will investigate to determine its validity and take any action that is necessary.

Do big rental buildings require a landlord licence?

No, “big rental buildings” are not eligible for second unit licences. Second units are only permitted in a detached house, a semi-detached house or a row house.

How can I get a Mississauga landlord licence fast?

Please visit the City’s website for the process to obtain a licence.

http://www.mississauga.ca/portal/residents/housingchoicessecondunits

This is a terrific interview and really helpful for landlord in Mississauga.

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Newmarket – How to Sell Rental Property

September 1st, 2014 · Investment property, Latest News, Newmarket landlords, Rental Property

281 Silverbirch, Newmarket ON – This property sold for $458,500 in July. Yes, it’s in the “patch”. It was sold by a Richmond Hill based real estate agent not a Newmarket real estate agent!

281 Silverbirch, Newmarket ON – This property sold for $458,500 in July. Yes, it’s in the “patch”. It was sold by a Richmond Hill based real estate agent not a Newmarket real estate agent!

Newmarket Landlords – How To Sell Your Rental Property For the Best Price!

There is a great post at the Newmarket Landlords Association. It’s about how Newmarket landlords can sell their rental property or investment property for a the best price!

Avoid Newmarket Real Estate Agents?

Some experienced investors are seeing a huge difference in the prices when rental properties are listed by Newmarket real estate agents versus real estate agents who are based in Richmond Hill or Toronto.

Newmarket Ontario Rental Property

The report from the Newmarket Landlords association website says the town of Newmarket is growing fast.

The town of Newmarket, Ontario is one of the key areas under the Ontario Places To Grow plan to grow fast and become a key place in Ontario.

It stated a Richmond Hill Realtor said Newmarket is the ‘next Richmond Hill’ and the prices should rise accordingly!

Why Is This Important?

It’s because Richmond Hill real estate prices have grown fast over the past five years and average prices are now far more than Newmarket, Ontario.

It means property prices in Newmarket will rise fast over the next couple of years, especially attractive Newmarket investment property. It’s also important you list with Realtors who know the value of your rental property!

Ontario landlords know the important of being a smart invest. This means being careful with everything from running tenant credit checks to selling at the best price.

Don’t List With Newmarket Real Estate Agents?

The article goes on about a clear price difference between rental properties for sale in Newmarket

Those listed by Newmarket real estate agents are often very low compared to those being sold by Richmond Hill and Toronto real estate agents.

In some cases it’s a huge price difference!

List Your Newmarket Rental Property With Richmond Hill or Toronto Real Estate Brokerages

The blog shows a huge difference in pricing between different listing agents.

Those selling with Richmond Hill and Toronto real estate agents are often selling Newmarket rental properties for much higher prices!

Can You Provide Me With Examples?

Yes.

Here are some Newmarket rental properties listed by Richmond Hill real estate brokerages and Toronto real estate brokerages and sold this summer:

1. 148 Longford Drive, Newmarket ON

Did you know that 148 Longford Drive sold for $421,500 in May, 2014?

Yes, that’s right…a rental on Longford Drive.

2. 281 Silverbirch, Newmarket ON

This property sold for $458,500 in July. Yes, it’s in the “patch”.

3. 710 Sunnypoint Drive, Newmarket ON

This property with a basement apartment sold for $460,000 in July!

Why Would Anyone List With A Newmarket, Ontario Realtor?

We think it’s because it’s ‘easy’ and they are aggressive and willing to do what it takes to get a quick sale that could lead to you losing out on thousands of dollars.

Many landlords are also too busy to do the work to find a real estate agent outside of Newmarket who will sell your income property for a heck of a lot more money.

Newmarket Landlords – Be Careful of the Real Estate agent you choose to list with to sell your rental property!

Make sure your rental property is listed at a realistic price and you aren’t “low-balled” for a quick sale and a quick commission.

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Ontario Landlords Association Review – Toronto Star Recommends Joining The Ontario Landlords Association

July 7th, 2014 · Ontario Landlords Association Review, Toronto Star Recommends Joining the Ontario Landlords Association

 Ontario Landlords Review Toronto Star Says Join The Ontario Landlords Association

Ontario Landlords – There’s a must read story in the Toronto Star That Recommends You Join the Ontario Landlords Association to Avoid Bad Tenants

Ontario landlords are facing lots of challenges including a low allowable rent increase of only 1.6% in 2015.

This has one Toronto landlord fed up and even thinking of selling his income property because the government won’t let him keep up with the real inflationary costs of being a landlord in Toronto.

We also have the challenges of bad tenants out there.

For example, Tenant From Hell Nina Willis is now fighting her Scarborough landlord at the Landlord and Tenant Board to continue to live in the property rent free for months longer.

How Ontario Landlords Can Avoid Bad Tenants?

There’s a terrific article in the Toronto Star that should be essential reading for Ontario landlords.

While stating the fact that most long term tenants are good tenants, the article says there are also “professional tenants” out there who want to rip off the landlord.

The article says the secret for success is to do serious research on potential tenants so you don’t rent to a Tenant From Hell.

One of the most important tips is:

Join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.

Ontario Landlords Association

This is great advice because the Ontario Landlords Association is a deal of a life time for Ontario landlords.

It was created by a small group of Ontario landlords who came together with common goals:

1. Education

To help educate landlords on the rules and procedures in Ontario

2. Residential Tenancies Act

To show how unbalanced the Ontario Residential Tenancies Act is

3. Landlord and Tenant Board

To put a spotlight on how the Landlord and Tenant Board is biased against landlords and actually helps bad tenants rip off good landlords

4. Networking

To allow landlords from across the province to share their stories, problems and provide tips to each other.

5. Services To Help Landlords at an Affordable Price

Whether it’s terrific documents or premium Ontario Landlord credit checks, or discounts on insurance, the Ontario Landlords Association knows what landlords want and worked hard to provide what Ontario landlords wanted (and need!)

Ontario Landlords Association Review

The Ontario Landlords Association grew fast and quickly gained media attention. Thousands of landlords across the province were happy to pay a low one-time fee to join.

Of course, there were also some trolls who attempted to defame the organization.

None of the trolls were landlords themselves.

Some were failed landlords who didn’t want others to succeed where they failed.

Others were non-landlords who profited greatly from the problems that landlords face and didn’t want their ‘gravy train’ to end.

A third group were people who wanted to create a similar group in an attempt to make profits from small landlords struggling to succeed.

In the end, real value wins every time and the Ontario Landlords is growing faster than ever helping Ontario landlords in every corner of the province and recognized and appreciated by Premier Kathleen Wynne when she was Minister of Housing!

Toronto Star – Join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.

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Canada Landlord Credit Checks: Rent to Good Tenants

June 10th, 2014 · Canada landlords credit check, Tenant Credit Check

 Canada landlords tenant credit check ontario landlord tenant from hell

What is happening to an Ontario Landlord who is Dealing With a Tenant From Hell is showing Canada landlords the importance of credit checks when choosing tenants for their rental property

There is a huge new landlord and tenant story in the Toronto Star about the Tenant From Hell Nina Willis.

And yes, it’s posted in the ‘Crime’ section.

From the story it looks like the Tenant from Hell is now living rent free and delaying the eviction process from her seventh small landlord since 2005.

Are Landlords Worried?

This story has garnered a huge amount of attention at the Ontario Landlords Association forum.

A landlord has posted about her own “Tenant From Hell” and even provided a time-line of the nightmare she is going through.

She says that the Star “Tenant From Hell” isn’t the only one out there and warned landlords that after months her tenants are finally being evicted and on the look-out for their next victim.

Toronto Landlords

As Nina Willis keeps searching for landlords to be suckers in their area, it’s also gained the attention of the Toronto landlords site where they advice landlords to:

1. Always be careful who you rent to

2. Check references carefully

3. Don’t believe the tenant’s story

4. Never fall for the charms of charismatic tenants

5. Always run credit checks to confirm the tenant’s story

How Can Ontario Landlords Run Tenant Credit Checks?

Landlords are recommended to check out the Ontario Landlord Credit Check site for more information on the importance of credit checks.

Canada Landlords and Tenant Credit Checks

It’s not only Ontario landlords who are facing serious tenant challenges.

BC Tenants Who Don’t Pay Rent

BC landlords are facing serial bad tenants who are similar to the Ontario Tenant From Hell.

These BC tenants have caused thousands of dollars in losses to six difference small landlords in only two years!

It’s making landlords wake up to the important of tenant screening and going to the BC Landlord Credit Check site for information.

Alberta Grow Ops

Even Alberta landlords are facing challenges from tenants with grow-ops leading to financial destruction for landlords.

Landlords there are going to the Alberta Landlord Credit Check site to learn how to protect themselves and their investment.

Canada Landlord Credit Checks

It’s not only landlords in Ontario who are facing major challenges in 2014.

Wherever you are make sure you conduct tenant credit checks to make sure your tenant’s stories are verified!

In this day and age a handshake is no longer enough.

And it’s not just in Ontario where landlords are facing tenants from Hell.

Canada Landlords – Make Sure You Do Tenant Credit Checks To Rent To Great Tenants!

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Tenant Credit Check

April 15th, 2014 · Landlords Ontario, Tenant Credit Check

Landlord Ontario Tenant Credit Check

Make Sure You Check Your Tenant’s Credit Before Renting To Them

Being a successful landlord depends a lot of who you decide to put into your rental unit.

A story at the Ontario landlords blog is all about renting to good tenants.

After all, ‘bad tenants’ have been in the news a lot over the past week.

According to CBC News some renters are being called ‘serial bad tenants’ because of their string of ripping of small residential landlords over the past couple of years.

British Columbia landlords were surprised to see this story on their nightly newscast.

Serial Bad Tenants

The tenants in question are a couple who look just your average everyday partners.

Lots of small landlords interviewed them and believed their story that their last landlord took their rent money and deposit and vanished.

The couple would give cheques to their new landlords and move in.

After starting their tenancy, the landlords would eventually find the cheques all bounced.

This means the landlords didn’t receive a cent of rent.

The couple (who were now living in the rental property) would refuse to pay and the landlords would be stuck having to go through the ‘system’ to try to evict them.

Tenant Credit Checks

All the BC landlords in the CBC story share one thing in common (besides the area they live in.)

None of the landlords did a credit check on their tenants.

This could be due to the fact that landlords out west aren’t really used to these kind of serial professional tenants.

Vancouver landlords are often surprised when they read about these types of landlord-tenant problems near their beautiful city.

We have also seen many Alberta landlords take tenant screening lightly and end up with big problems due to the tenants they chose to rent to.

Seeing is Believing

A Toronto landlord wrote in commenting on the story:

“I can’t believe these landlords didn’t do better checking of these serial renters. You can’t just have a short talk and decide to rent to them. You also need cash or a certified check!”

An Ottawa landlord emailed us:

“One of the landlords who is out thousands said she should have done a reference check.

As if a reference check would have helped! I had tenants use their friends as references, it’s an old trick! BC landlords should wake up.”

Make Tenant Credit Checks Part Of Your Tenant Decision Making Process!

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Ontario Landlords Association Review (Excellent and Helpful for Landlords!)

March 16th, 2014 · Landlord credit check, landlord legal, Ontario Landlords Association

 Ontario Landlords Association Review ontariolandlords.org

Toronto Landlords Recommend Becoming a Member of the Ontario Landlords Association

A post at the Toronto Landlords site gives great advice for small residential landlords in Toronto and landlords all over Ontario.

The site looks at ways landlords can learn how to protect themselves from all the professional tenants out there.

The evidence of these professional tenants is all over.

Even Toronto Star has reports of bad tenants out there.

This even has led to some landlords to sell their residential properties and buy commercial property. 

These Ottawa Landlords have had enough of the anti-landlord rules in Ontario.

Supreme Court Judge in Ontario Weighs In

Even a Supreme Court judge called the Landlord and Tenant Board unfair for landlords.

Take a look at this Toronto Sun story were Judge Matlow calls out the Ontario government to make changes.

And make changes to make things more fair for Ontario Landlords!

Toronto Landlords Review of the Ontario Landlords Association (OLA)

The Toronto landlords blog explained the history of the OLA.

It was a small group of small landlords looking to network and finally provide a voice for small landlords.

This voice had never existed before the Ontario Landlords Association started.

After the Ontario Landlords Association became popular the trolls were quick to attack and corporate groups like the FRPO were quick to feel threatened.

Great Services for Small landlords

We have seen other amazing services for small landlords.

For example, the BC Landlords Association offers great deals for British Columbia landlords.

Alberta landlords also finally have access to affordable, high quality landlord services and tools to succeed.

Ontario Landlords and Success

The Ontario Landlords Association Review highly recommends membership.

Why Should I Become a Member of the Ontario Landlords Association?

You get a huge amount of service for only a one-time fee.

Not only do you get a complete rental kit.

You also get guidebooks and manuals.

Landlord Credit Checks

You also get a HUGE SAVINGS on landlord credit checks.

You get signed up with great companies such as Equifax, TVS and GARDA to do landlord credit checks for a huge discount.

Ontario Landlords Association Review

Become a Member of the Ontario Landlords Association and you will get landlord solutions.

The use their tools and services will help you to find great tenants for your rental property!

Become an Ontario Landlords member for only a one time fee here!

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Ontario Landlords Association: Tenant Credit Checks

January 18th, 2014 · Equifax, Tenant Credit Checks

 Ontario landlords association tenant credit check rules

Are you using a friend or relative who is a real estate agent, a mortgage agent, a bank teller, an insurance agent, a car dealer or someone else to do tenant credit checks?  You can’t!

A recent post on the Ontario Landlords Association is urgent and essential reading for landlords across Ontario.

Managers from Equifax have said landlords who are doing tenant credit checks from friends and relatives are breaking the rules and could get fined!

Tenant Credit Checks Are Important

The news has been filled with reports of bad tenants costing landlords thousands of dollars in lost rent and damages.

The Ontario Residential Tenancies Act is unfair and biased against landlords and supports bad tenants.

Even a Supreme Court Judge agreed and demanded the government make changes (they won’t).

Bad Tenants All Over Canada

Look at these Barrie landlords and the issues they face.

And Ottawa landlords.

It’s not just in Ontario

Bad tenants are manipulating the system and abusing small landlords all over Canada.,

For example, this British Columbia landlord lost thousands of dollars in lost rent and damages.

And this Alberta Landlord had racist tenants who not only didn’t pay rent, the wrote horrible racist comments on the walls of the rent before moving out!

Landlords Using Friends and Relatives To Do Tenant Credit Checks

Not that the Ontario Landlords Association and the Ontario Landlords blog has got the word out about the important of tenant credit checks many landlords are reading and agreeing.

And many landlords across Canada are trying to save money by using a friend or relative to do the checks.

These relatives and friends may be:

1. Real estate agents

2. Mortgage agents or brokers

3. Car dealership employees

4. Bank tellers or managers

5. Insurance agents or brokers

Wrong Move!

Equifax Canada explains this is against the rules and laws and can lead to your friends or relatives having big problems.

You see if your tenant agrees to a tenant credit check, you need to use a tenant check provider to do it.

And mortgage brokers can only do credit checks on people who want mortgages.

Realtors can only do credit checks on people who want to buy properties.

Insurance brokers can only do credit checks on people who want insurance, not on people who want to rent your basement apartment!

Ontario Landlords and the Law

Tenant credit checks are an important part of the screening process.

Make sure you follow the rules and use a legal tenant credit check provider to conduct your tenant credit checks in 2014!

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Ottawa Landlords: Commercial Rental Properties

January 16th, 2014 · Commercial properties, Ottawa landlords

 Ottawa landlords commercial or residential property

Ottawa landlords ask “should I invest in commercial rentals in 2014?”

A new story at the Ottawa landlords association blog discusses the pros and cons of investing in residential rental properties or commercial rental properties

Check out the Ottawa Landlords Blog at www.Ottawalandlord.ca

Their story on January 15th is must-see reading for Ottawa landlords (and landlords across Ontario!)

Challenges in 2014

Ottawa landlords faced a lot of challenges last year in 2013.

This included lots of bad tenants manipulating the Ontario Landlord and Tenant Board.

This led to some Ontario landlords losing tens of thousands of dollars.

In some cases the landlords did everything right in supplying high quality and affordable homes to their tenants.

Instead of appreciating the home provided by the landlord, these tenants used the system to live rent free for months.

They also left leaving expensive damages and disgusting garbage behind.

Rent Increase Guideline 2014

The Ottawa Landlords site also brought up the fact Ontario Landlords can only raise the rent by 0.8% in 2014.

This was reported by the Ottawa Sun.

Many Ontario landlords are upset with the low allowable rent increase.

A member of the Ontario Landlords Association brought up strong points why the low increase was unfair and damaging for good landlords.

Especially since BC landlords can raise the rent by 2.2% in 2014 and Alberta landlords don’t even have a government guideline.

Commercial Rental Properties

Many Ottawa landlords who currently own residential rental properties want to get out of the industry.

There are simply too many challenges under the Ontario system.

They are looking to invest in commercial rental properties.

Vacancy Rate for Commercial Rental Properties

The Ottawa landlords site quotes the Ottawa Citizen and the Ottawa Business Journal warning commercial landlords about the rising vacancy rate in the city.

The Ottawa Business Journal quoted John Zinati who is the manger for leasing for the commercial real estate brokerage called District Realty

According to the article John Zinati believes Ottawa is not going to be a landlords market in the near future.

He believes commercial landlords are going to have to lower rents to attract and keep tenants.

Ottawa commercial landlords will also need to offer incentives to attract and keep commercial tenants.

Ottawa Landlords in 2014

2013 was a challenging year for Ottawa landlords.

Should you keep your residential rentals?

Do you think commercial rentals still is a better investment

Ottawa landlords will discuss these and other issues facing Ottawa landlords in 2014

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