Why would anyone ever want to be a landlord? Not only will you be subsidizing the person who leases your place (since it costs you more to own than you are receiving monthly), but you’re now obligated to look after this human. Yeah, just like a beagle. The heat and water have to work. The appliances, too. No safety issues. No outstanding repairs. Functioning toilets. And a tough time getting rid of someone, even if they don’t pay the rent. All so you can lose money? Huh?
https://www.greaterfool.ca/2019/01/14/the-question/
or you could take a few courses
Gird your loins with Harry Fine Paralegal and prepare yourself
https://www.hfineparalegal.ca/Small_landlord_training.html
Everything has changed in the last 36 months....
Lets talk 647 218 2414
http://BuyinginToronto.ca
I still believe in long term investment in real estate to build equity. This is a ten and 15 year plan; not 9 months.
I have spent a fair amount of time in Toronto Traffic court recently;
People who are facing charges hire licensed paralegals to get up and talk for 30 seconds. OK maybe a minute before they are cut off by the judge.
Lets examine that. You hired a paralegal to do what you have no experience doing, have never done before, because you don't know the law, and repercussions can be damaging financially to your financial position, insurance company and driving record.
This expense is easily $250 - $400 for that one or two minutes and you are not guaranteed anything.
Mr Data, Can you form a premise? It is possible to do everything right and still lose. Picard
Yet with selling your own home and the size of that event; you want to stick a sign in your front lawn and invite strangers, hucksters, barter negotiators [take my boat as a down payment] ( I'll give you post dated cheques for the closing.... currently in litigation)
What is the FSBO's Logic?
The Buyer, with a professional buying agent, has a gauge of value, the ability to compare, examine all available properties in detail, the luxury to sit back and evaluate, discuss strategy and then prepare an offer.
It is now in the Sellers Hands.
It is not my job to explain things to you.
