We rent a unit for work. Landlord has complained about the costs of the strata going up, getting some levies, and now, the appliances reaching an age they are getting issues/dying. "oh dang, that sucks, yeah we used to own a strata too, yeah those fees kept climbing every year" "yeah, we're going through it too replacing the dead appliances at our house too, even staying away from LG/Samsung they sure don't build em, or sell parts for them like they used to." Never complained when prices were going up thousands each week and rates were near zero but now? Could you imagine another business owner doing that? the owner of your local coffee shop treating you like dirt each time you went in for a coffee? "yeah, this latte was a hardship, I had to buy a new fridge just for your lattes! I had to put it on credit! I just wish my customers understood how unfair and what a hardship this is"
Yeah, most mom-and-pop landlords really don't know how the LTA works, what the tenants rights and responsibilities are, and what their responsiblities are as a landlord. And lots of them do think that tenants are more or less unpaid servants -- one reason why renting from a property management company is a better bet.
@@GreenBeanGreenBean there’s both good and bad landlords in both camps. However, it’s easier to determine whether a property management company has a good track record than a mom and pop.
It’s not just the tenants that should be respected and considered, it’s also their neighbours. I live in a neighbourhood overrun with income properties, and too many landlords - because they can’t afford to ever have the property empty - rent to terrible tenants, who then create problems for the community. And it’s usually the ma and pa investors, because they haven’t thought beyond getting that delicious rent money. An income property is not a magical piggy bank.
The neighborhoods with the higher density of tenanted homes seems to be the less desirable neighborhoods. Same thing applies to condo buildings with a high density of tenanted units.
Yes exactly. For decades tenants only HELPED pay for landlord mortgages. For 10 years hearing nothing about mortgages getting fully covered by tenants... that's too much. Something's fundamentally wrong with that.
Being a landlord is a business, a job. To be successful, you need the skills to manage the property and tenants. It's not a passive investment. One bad decision or mishandling a tenant can cost you a fortune.
You’re absolutely right. I treat my tenant like a partner because he takes good care of my investment and always pays on time, in return I don’t raise his rent.
Big problem I find with all new condos is the layouts. I mean there is not even any room for a dining table and a couch or 2. No one should go near them. Investor or family. Only plausible reason is if you air bnb the property. But that takes a huge chunk of time and effort
@@GreenBeanGreenBeanfinancial services created the most Bad RE investment also created a disproportionate amount of bankruptcies. You're the kinda guy who confuses education with intelligence.
@@donm2067 100% false, say no to drugs. Prices go up because the cost to produce goes up... not because some guy said the next day he wants to sell for double the current price. If building real estate was so obscenely profitable, everyone would be doing it, ramping up supply signifcantly.... newsflash, cost to produce is going up faster so profit margins are negative so nobody is actually doing it. (don't confuse condo finishes in 2025 with starts, that peaked in 2020 as there being a lot of supply) The vast majority of bankrupcies are due to trying to start a business and taking on debt to do so, and failing. Most RE bankruptcies are people that bought a house with a million dollar mortgage and then lost their job so they don't have the 250k income ratios anymore..... not condo buyers. Nothing worse than people bashing fomo house buyers but saying those are condo people (like the dude that bought 2 precon houses on spec, those were houses, and technically they wouldn't have been built if the guy didn't sign the contract to buy it so there would be less supply if he didn't).... your opinion isn't even freaking close to being halfways accurate. And nobody is shedding a tear for that house buyer either!
LET'S have a partnership with non paying tenants which is everywhere now and the ONTARIO LANDLORD AND TENANT BOARD COULDN'T CARE LESS !!!!!!!! LOLOL REAL ESTATE IS DOOMED !!!!
@@1964Loukas You know thats hindsight bias and judgement based on limited information. They will go up, but it coulda take 5 year, 10, or 20 years. It happened in Japan, it could happen here. We are only limited for a few decades of data. It's not much to go on. It's possible it will go stalemate for a long time. Its about future prospect and potential. What do you see in Canada now? Higher crime rate, deteroriating infrastructure, weak currency, immigration/population contraction, low birth rate, baby boomer wanting to retire elsewhere, lower gdp per capita. An economy driven by government job and real estate. No technology. Only thing saving us is natural resource. What are the reasoning behind investing here now?
@xinleizhang3209 unfortunately....communism is a global problem now...not just Chinada. I guess things will show when condo construction stops...around 2027.
Why blame landlords. Nobody goes into any business to lose money. Why should landlords be any different. There are more entitled renters than landlords.
There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?
I have had so many realtors who doesn’t have the best for their clients, they rush into selling their clients properties n have a big pay day. Your show is stupid!
There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?
We rent a unit for work. Landlord has complained about the costs of the strata going up, getting some levies, and now, the appliances reaching an age they are getting issues/dying. "oh dang, that sucks, yeah we used to own a strata too, yeah those fees kept climbing every year" "yeah, we're going through it too replacing the dead appliances at our house too, even staying away from LG/Samsung they sure don't build em, or sell parts for them like they used to."
Never complained when prices were going up thousands each week and rates were near zero but now? Could you imagine another business owner doing that? the owner of your local coffee shop treating you like dirt each time you went in for a coffee? "yeah, this latte was a hardship, I had to buy a new fridge just for your lattes! I had to put it on credit! I just wish my customers understood how unfair and what a hardship this is"
Great analogy.
Yeah, most mom-and-pop landlords really don't know how the LTA works, what the tenants rights and responsibilities are, and what their responsiblities are as a landlord. And lots of them do think that tenants are more or less unpaid servants -- one reason why renting from a property management company is a better bet.
You lost your argument when you said prop mgmt was better, they are in fact almost always far worse... for both tenants and owners both.
I agree with you.
@@GreenBeanGreenBean there’s both good and bad landlords in both camps. However, it’s easier to determine whether a property management company has a good track record than a mom and pop.
It’s not just the tenants that should be respected and considered, it’s also their neighbours. I live in a neighbourhood overrun with income properties, and too many landlords - because they can’t afford to ever have the property empty - rent to terrible tenants, who then create problems for the community. And it’s usually the ma and pa investors, because they haven’t thought beyond getting that delicious rent money. An income property is not a magical piggy bank.
The neighborhoods with the higher density of tenanted homes seems to be the less desirable neighborhoods. Same thing applies to condo buildings with a high density of tenanted units.
Yes exactly. For decades tenants only HELPED pay for landlord mortgages. For 10 years hearing nothing about mortgages getting fully covered by tenants... that's too much. Something's fundamentally wrong with that.
👏👏👏 absolutely agree! Thank you for speaking about this issue Santo.
Being a landlord is a business, a job. To be successful, you need the skills to manage the property and tenants. It's not a passive investment. One bad decision or mishandling a tenant can cost you a fortune.
Totally 💯 agree…it’s a business.
When a person has to dig to come up with the downpayment for an investment, they have no business making that deal.
Always appreciate these updates!
I am glad you said it,very good,thank you
You’re absolutely right. I treat my tenant like a partner because he takes good care of my investment and always pays on time, in return I don’t raise his rent.
Big problem I find with all new condos is the layouts. I mean there is not even any room for a dining table and a couch or 2. No one should go near them. Investor or family. Only plausible reason is if you air bnb the property. But that takes a huge chunk of time and effort
750 rent and nothing works
I haven’t met a professional real estate investor in my life
And yet 95% of millionaires got that way from real estate... the problem might be you
I have
Get out more.
@@GreenBeanGreenBeanfinancial services created the most
Bad RE investment also created a disproportionate amount of bankruptcies.
You're the kinda guy who confuses education with intelligence.
@@donm2067 100% false, say no to drugs.
Prices go up because the cost to produce goes up... not because some guy said the next day he wants to sell for double the current price.
If building real estate was so obscenely profitable, everyone would be doing it, ramping up supply signifcantly.... newsflash, cost to produce is going up faster so profit margins are negative so nobody is actually doing it. (don't confuse condo finishes in 2025 with starts, that peaked in 2020 as there being a lot of supply)
The vast majority of bankrupcies are due to trying to start a business and taking on debt to do so, and failing. Most RE bankruptcies are people that bought a house with a million dollar mortgage and then lost their job so they don't have the 250k income ratios anymore..... not condo buyers.
Nothing worse than people bashing fomo house buyers but saying those are condo people (like the dude that bought 2 precon houses on spec, those were houses, and technically they wouldn't have been built if the guy didn't sign the contract to buy it so there would be less supply if he didn't).... your opinion isn't even freaking close to being halfways accurate. And nobody is shedding a tear for that house buyer either!
Try to get landlords to view tenants as human beings challenge (IMPOSSIBLE)
houses cant sell for 130k so they 10x the price now 90% over valued
🙌
LET'S have a partnership with non paying tenants which is everywhere now and the ONTARIO LANDLORD AND TENANT BOARD COULDN'T CARE LESS !!!!!!!! LOLOL REAL ESTATE IS DOOMED !!!!
Not the best time for a condo. Investment is a long term investment. Keep it and the price will go up in a few years
LOLOLOL THE PRICE WILL NEVER GO UP AGAIN, WAKE UP ALREADY ! YU DON'T UNDERSTAND EVEN THE BASICS LOLOL
@@marctrottier8232When you shout people stop listening.
They will go up ...its a "U Shaped Recovery"..and when they do ...good luck !! Especially downtown Toronto.
@@1964Loukas You know thats hindsight bias and judgement based on limited information. They will go up, but it coulda take 5 year, 10, or 20 years. It happened in Japan, it could happen here. We are only limited for a few decades of data. It's not much to go on. It's possible it will go stalemate for a long time. Its about future prospect and potential. What do you see in Canada now? Higher crime rate, deteroriating infrastructure, weak currency, immigration/population contraction, low birth rate, baby boomer wanting to retire elsewhere, lower gdp per capita. An economy driven by government job and real estate. No technology. Only thing saving us is natural resource. What are the reasoning behind investing here now?
@xinleizhang3209 unfortunately....communism is a global problem now...not just Chinada. I guess things will show when condo construction stops...around 2027.
Why blame landlords. Nobody goes into any business to lose money. Why should landlords be any different. There are more entitled renters than landlords.
Buildable land is finite ..... No one, and I mean NOONE, wants your business here.
We can't condos and homes for end users period.
There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?
I have had so many realtors who doesn’t have the best for their clients, they rush into selling their clients properties n have a big pay day. Your show is stupid!
There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?
Do they get the equity? Values doubled