I bet the title of this post caught your eye!
Well I'm here to tell you the system works, maybe not efficiently and sometimes unfairly but it does work.
Having just been to the LTB for a hearing in which my agenda was to evict a non-paying tenant, I have a new respect for their system.
We've all heard the ranting before from non-landlords or uneducated investors: 'if you have a tenant who's not paying or wrecking the place you can't get them out'.
I've decided to remove the word can't from my vocabulary but thats another story...
Situation was we closed on a property May 30th, tenant was 'hard to find' on the first and/or second of the month. Left him a note, he called me on the third explaining he hadn't gotten paid for a contracting job...(ya, no reserve funds right!) and then failed to contact me at any point until Jeff gave him notice for hearing. Then the crying really started.
On hearing day his girlfriend showed up with one month rent in cash and a promise to pay arrears by the 22nd, if not- they are out immediately by court order.
AND heres the real kicker, they promise to be out by August 31st!!!
Everything I wanted plus the rent arrears, follow the system, it works.
I used Jeff Varcoe a professional property manager to ensure the process was conducted smoothly and efficiently.
Jeff Varcoe
Cornerstone Select Properties
1253 Westview Terrace
Oakville, ON
Internet: www.cornerstoneselect.ca
We had our hearing on July 14, less than one month after Jeff filed the L1 (June 22nd)
Two lessons here:
1. Follow the system its in place both for landlords and tenants and if payment is late issue the N4 immediately.
2. Use professional services if you're unsure of the process.
Now if you want to invest your capital securely and profitably you should be contacting us at:
CFI Properties, the home of Cash Flowing Investments.
We are the Hamilton experts. (Hamilton is now rated the #1 city to invest in Ontario by Cutting Edge Research + #3 in Canada)
And I'm never too busy for your calls or emails:
ed@cfiproperties.ca
905-329-1460
