Screening Secrets: How to Find Reliable Tenants in Ontario |
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Does this sound familiar? Have you been told that all you need to do to navigate Ontario's rental market successfully is follow a simple procedure for evicting tenants?
But here's the problem: you've followed that advice, yet you find yourself stuck with tenants who refuse to leave, causing you frustration and financial loss. It's time to face the harsh reality - eviction is not as straightforward as you believed. And that's where your pain lies - in the ineffective action of relying solely on a generic eviction procedure that doesn't address the complexities of Ontario's rental market. In Ontario, landlords face the ironic challenge of finding legal representation to avoid lengthy delays and court cases, only to discover the key to success lies in proper tenant screening and navigating the grey zone of real estate. Our guest, Andrew Choubeta of Caveat LLP, shares the solution to help you achieve that desired outcome. They will provide the necessary tools to overcome the challenges landlords face. With many experiences navigating the complex realm of tenant screening and eviction procedures, Andrew deeply understands landlord woes. The insight comes from numerous encounters solving various issues, from late rent payments to property sales requiring proficient handling of difficult tenants. Impassioned by a fierce drive to flip the narrative on eviction process delays, Andrew shares valuable knowledge. What people don't know is the Landlord Tenant Board actually focuses on certain types of applications that it can do and has done previously. - Andrew Choubeta In this episode, you will be able to: Explore the intricate hurdles Ontario landlords are dealing with in today's rental market. Unravel the underlying difficulties contributing to a glut of cases at the landlord-tenant board in Ontario. Learn about the typical applications being lodged at the landlord-tenant board. Gauge the influence of the current landlord-tenant board conditions on those aspiring to join the rental industry. Discern how dependable representation and savvy legal advice can make all the difference for landlords in Ontario. The key moments in this episode are: 00:00:37 - Updates on the Landlord and Tenant Board (LTB), 00:03:01 - Backlog and Inconsistencies, 00:06:05 - Types of Applications, 00:09:48 - Challenges for Landlords, 00:13:06 - The Need for New Housing Units, 00:14:24 - Government's Failure to Address Housing Issues, 00:15:39 - Shortage of Housing Stock and Increasing Interest Rates, 00:19:21 - Push to Ban Renovations and Licensing, 00:21:19 - Selling Property with Tenants, 00:24:40 - Importance of Providing Certified Check, 00:25:13 - Following the Termination Period, 00:25:39 - Nuances and Mistakes in the Eviction Process, 00:26:29 - Understanding the N11 Agreement, 00:33:12 - Involvement of the Sheriff in the Eviction Process, 00:36:49 - Importance of Proper Representation in Real Estate Investing 00:38:14 - The Risks of DIY Landlordship and N4 Filings 00:39:24 - Investing in Ontario and Dealing With Tenant Issues 00:41:06 - The Growth of Midterm Rentals and Potential Regulations 00:49:31 - Benefits of Delegating Tenant Screening, 00:51:00 - Disagreement with Charging a Month's Rent for Screening, 00:53:08 - Importance of Thorough Screening, 01:01:04 - Andrew's Expertise, 01:01:32 - Managing It Yourself, Contact Andrew Choubeta andrew@caveatllp.com https://caveatlegalservices.cliogrow.com/book This episode has been brought to you in part by: Dalia Barsoum, Streetwise Mortgages - https://streetwisemortgages.com Mid Term Rentals - https://midtermrentalproperties.com Wyse Construction - https://www.wyseconstruction.ca US Properties - https://www.usproperties.ca Andrew Choubeta - https://caveatlegalservices.cliogrow.com/book Inspire Beach Resort - https://inspirebeachresort.com Jamil Rahemtula - https://jamilrahemtula.com Do you need help or ideas for your own real estate investing business? Reach out and let us support your journey www.sarahlarbi.com or email sarah@sarahlarbi.com Check out Sarah's online coaching programs https://sarahlarbi.com/online-programs/ |