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Ottawa Landlords: Commercial Rental Properties

January 16th, 2014 · No Comments · 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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