Hello, Just saw your question. Did you proceed in court and with collection? I think I would proceed just in order to get the Order which you can later use in small claims court if needed. Good chance the judge would order the tenant who vacated, to pay you the same amount the LTB calculated for...

Hello, I hope you are doing well. My friend spent around $18,000 to install a new roof a few months ago for a 4-plex he owns in Ontario. I have a question about increasing the rent above the guideline in Ontario, say by 5.5% in 2025 if possible instead of 2.5% based on the guidelines. If I...

Thank you Thomas and Matt. I understand you both recommend appealing. Thomas, is there any company in Ontario you recommend for this purpose? Regards, Neil

Good idea Matt, can you please give an example of a clause for some courtesy rule? Thank you

Hello, Mpac has doubled(!) their estimate of our apartment building's value from 2012 to 2016. We found they did it based on the wrong utilities costs. Our utilities costs are unfortunately double their estimate. Therefore, the property's value is lower than MPAC thinks. Should we request...

Hello, My business partner has a 20-Plex in Ontario. He has a suggestion to switch from coin operated laundry to asking tenants to pay extra, say $20 per month, for using the laundry room. In the laundry room, he has 2 dryers and 2 washers. Unfortunately, it has been broken into twice in 2...

Not sure I understand your answers. Bottom line - is the bank lying or not? Thanks :-)

Hello, A friend of mine tried to refinance an apartment building mortgage he has with one of the big banks in Canada. His mortgage term ended so was time to renew or refinance without penalty. He was unable to refinance with them as their appraised value was not high enough. So he asked just to...

Hello, Answering the following will help you decide and take action: - Where do you live? - Why do you want to invest where you live if the properties you own in the US already have a complete turn key solution? Not that it doesn't make sense to buy in Canada but what does not work for you in...

Ok Thanks All

Hello, A friend has a dilemma - his tenants who live in a 4 bedroom apartment in a triplex, asked if they can extend the front deck. I think they want to do that mainly for additional storage as they have Lots of items in the apartment which they collect and no room to move freely or for any...

I don't understand this landlord's complaint. None of my tenants take care of the lawn. You pay $30 for grass cutting that's it. I am sure I am missing his point/what the problem really is.

Totally

Thank you Thomas for clarifying this. So visible fire escape maybe yes. The cat walk in the roof that nobody can see - no. From your first post I thought no to all. Kfort and Thomas, The question is also about proper maintenance of fire escapes. How often do you recommend scraping and painting...

I thought you buy ugly buildings and improve them. If the place looks nicer, you can attract better tenants or/and fill vacancies faster. Now, if you have zero vacancy, then you are correct - perhaps do nothing. Thanks