When it comes to handling tenants, there are a few different ways that you can go about it. You can try to do it yourself, or you can hire a professional to help you. There are pros and cons to both options, and it really depends on your individual situation as to which one is best for you.
Ultimately, the decision of whether or not to hire a professional to help you with tenant issues is up to you but before you do listen to this conversation with Andrew Choubeta. He is a paralegal offering services across all of Ontario.
We cover a lot of ground in this episode, and this is one of the most important areas of expertise and knowledge and learning curves to tackle for investors. Mistakes can cost thousands of dollars.
Some of the topics we discuss;
- what if your tenant stops paying rent?
- some fringe cases and the critical paths to success.
- how to set up the relationship, the lease, and your team, including property managers, paralegals, leases, and addendums
- making sure that it's set up to be a win-win engagement.
- what do you do if it becomes not a win-win anymore?
For beginner, intermediate, and advanced investors, everybody needs to have this area of their investing business understood and in the best shape, they possibly can.
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