5 Common Mistakes to Avoid as a Landlord

5 Common Mistakes to Avoid as a Landlord

Mistake #1 - Not Doing Enough Due Diligence

Mistake #2- Only Focusing on the Immediate Revenue

Mistake #3- Not Knowing your Rights and Tenant Rights

Mistake #4- Thinking Investment Property Means No Work or Stress

MIstake #5- Not Keeping Good Tenant Relations

We all make mistakes. I have definitely had my share of one or more of these mistakes in my 8+ years in real estate, property management and managing tenants.

The important thing is that we learn from them and prevent it from happening again.

Relevant Links:
Ontario Tenancies Act, 2006 - https://www.ontario.ca/laws/statute/06r17
Ontario Landlord and Tenant Board - https://tribunalsontario.ca/ltb/
Ontario Standard Lease - https://www.forms.ssb.gov.on.ca/mbs/ssb/forms/ssbforms.nsf/FormDetail?OpenForm&ACT=RDR&TAB=PROFILE&SRCH&ENV=WWE&TIT=2229E&NO=047-2229E

Thanks for watching!

At Adrian Cheng Real Estate, we focus on providing exceptional service and proven results for our investor clients becoming new landlords.

If you are looking to purchase an investment property in the Greater Toronto Area (Pre-Construction or Resale) or have any questions about tenant/landlord relationships, please feel free to reach out!

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