I'm a brand new investor - we have a little duplex in Guelph that used to be our home (with an aunt living in the basement), but the aunt moved to Ottawa and we've moved out, so we're converting it into a pure rental. I've never done this before, and have been reading up on as much as i could, but still feel like there's so much to learn!
Would this be a good place to ask some pretty basic questions? I've read as much as i could find on screening tenants, the standard lease, etc, but if anyone happened to have any advice specifically on these topics (specifically to southern ON), i'd be so thankful! Sorry to be a pest, thank you so much!
Rental Property Investor · Hamilton, Ontario · Member since 2016 · 285 posts · 181 votes
7y
Hey @Dan Andrade - welcome to the forum. Not being a pest at all lol. Everyone here is happy to help.
I've never really had any tenant issues 20+ tenants later. Happy to share my process for screening. Feel free to hit my DM & we can set up a time to chat in detail.
Rental Property Investor · Hamilton, Ontario · Member since 2016 · 285 posts · 181 votes
7y
Hey @Dan Andrade - welcome to the forum. Not being a pest at all lol. Everyone here is happy to help.
I've never really had any tenant issues 20+ tenants later. Happy to share my process for screening. Feel free to hit my DM & we can set up a time to chat in detail.
I'm a brand new investor - we have a little duplex in Guelph that used to be our home (with an aunt living in the basement), but the aunt moved to Ottawa and we've moved out, so we're converting it into a pure rental. I've never done this before, and have been reading up on as much as i could, but still feel like there's so much to learn!
Would this be a good place to ask some pretty basic questions? I've read as much as i could find on screening tenants, the standard lease, etc, but if anyone happened to have any advice specifically on these topics (specifically to southern ON), i'd be so thankful! Sorry to be a pest, thank you so much!
I was actively looking for multi family , and I had a chance to visit some multi families building in London , and to be honest every family /person I saw in that buildings seem like a big trouble . so currently I am looking for better houses that professionals can rent them, especially with current laws in Ontario I dont want to deal with low quality tenant.
Example : one of the tenants kids (and maybe by direction from his parents ) doped colors and paints on a wall that was just painted by the owner to prepare it for selling .
I am not discouraging you, but showing you how bad things can go.