Posts Tagged ‘FRPO’
June 8th, 2012
A Step-by-Step Guide for Profits, Success and Financial Security for Ontario Landlords
I want to invest in residential properties and become a landlord. Except I heard being a landlord in Ontario can be really challenging with all the “Tenants from Hell” out there.
Ask any landlord out there. Being a successful Ontario landlord is extremely difficult. Any one sugar-coating it isn’t being honest to you.
Why is it so difficult?
Many non-landlords like to say “landlords need to treat their investment properties as a business.” In part this is true. Some landlords decide to enter the industry without knowledge of the industry, the rules, the laws, you name it.
So with some study of the laws you can be successful?
No. This is what the non-landlords out there don’t understand. You not only have to learn the rules and laws, you need to realize these laws are biased against landlords and in favor of bad tenants.
So it’s not as simple as just reading the government websites?
Exactly. Most of these ‘experts’ wouldn’t survive as year if they were actually investing their own money in investment properties.
So what is the key?
Knowledge is power. Ontario landlords who know the rules and laws, and also know how things “really work” are prepared for success.
What does the Ontario Landlord Guide teach?
The Ontario Landlord Guide is a book that can be downloaded by Ontario Landlords Association members.
It’s a step-by-step guide for Ontario landlords to run a successful rental business.
What information does it include?
-Are you ready to become a landlord? Do you know what it takes? Are you ready to do what it takes?
-How can you prepare your property to gain an edge over your competitors to attract the most highly qualified renters?
-How do you set a profitable yet still competitive rent price?
-What is the most effective way to manage your property? Should you hire a property manager or hire yourself?
-What is the most cost effective yet successful ways to advertise and reach the tenants you want to reach?
-What is the most effective way to deal with prospective tenants?
-How can you ‘market’ your rental property?
-How do you choose a tenant?
-How do you begin the landlord – tenant relationship to make sure it’s a success?
-How do you keep good tenants satisfied and in your property?
-What happens if you get bad tenants? How do you evict them?
-How do you deal with maintenance issues?
-What are the secrets to finding and working with contractors?
-How do successful landlords keep their files and databases?
It’s a truly comprehensive guide for landlords
It is. It’s also loaded with ‘tips and tricks‘ that will help new landlords jump the learning curve and learn what experienced veteran landlords already know.
Whether you are a new landlord or already own some properties, education is the key and the Ontario Landlord Guide will help you learn more and more for your success.
Handouts, rent banks, sole-sourced deals galore drive industry watchers crazy
By SUE-ANN LEVY, Toronto Sun
For more than 10 years a tenant group — with strong ties to left-wing city bureaucrats — has seen its sole-source contract not only renewed, no questions asked, but its funding has more than quadrupled as well.
In 1999, when I first reported on the “purchase of service” contract given to the Federation of Metro Tenants’ Association (FMTA), the group got $97,510 to run a hotline service.
This year, the group got $446,760 to operate the hotline, educate tenants and provide outreach.
The FMTA money comes out of the shelter, support and housing budget — the same people who brought us the $11.5-million Peter St. shelter boondoggle.
In 1999, FMTA had 5,000 members. Interim executive director Geordie Dent told me Thursday they have anywhere from 1,000-3,000 members at the moment.
In 1999, the hotline took nearly 7,500 calls.
According to statistics provided by city spokesman Pat Anderson, the hotline responded to 7,566 calls and e-mails to Sept. 30.
The tenant gravy train doesn’t end there.
For at least eight years, tenant uberlord Coun. Michael Walker has presided over a special fund that gives grants to tenants disputing above-guideline rent increases.
Walker’s vote-buying pet project has a budget of $75,000 this year.
This year the city also has access to $1.9 million in provincial rent bank money, which gives loans to people in danger of being evicted from their apartments for rent arrears. Some $570,000 of that goes to administration, the rest for no-interest loans averaging $1,725 each. Anderson reports the repayment rate of those loans is a mere 40%.
Then there’s Centre for Equality Rights in Accommodation (CERA), which got $80,705 in city money to help “extremely vulnerable” tenants at risk of being evicted.
All of this drives paralegal Harry Fine crazy for one simple reason.
He feels precious taxpayer money is being used to fund “cronies and organizations” duplicating what the province does very ably.
Fine, a former Landlord Tenant Board adjudicator who now operates his own business advocating for landlords, says there are about 80 community legal clinics — 13 alone in Toronto — that deal largely with landlord and tenant matters.
In addition, he says, at every LTB office in Toronto, there are lawyers paid for by the Advocacy Centre for Tenants (another provincially-funded organization) to give advice to and represent tenants at their hearings.
The LTB also has its own hotline, he says, which provides “far better advice” than the FMTA.
Fine feels both CERA and the city’s Tenant Defence Fund are no longer necessary, either. He says a policy document on the rights of tenants issued by Barbara Hall of the Ontario Human Rights Commission in 2009 makes it “near impossible” for a landlord to evict a tenant.
He doesn’t understand why the city would be dishing out grants to fight rent increases when “fair” provincial adjudication is there for tenants.
“Considering the duplication and almost obscene support for tenants provincially, the city has no place providing duplication of services,” he says.
Fine and others have also expressed concern with FMTA’s secrecy and the radical left affiliations of several of its 10 full and part-time staff.
Dent, who writes on a website called MediaCoop (among others), has openly expressed anti-Israel sentiments and advocated for the G20 protesters in his blog.
Sarah Vance, listed as one of FMTA’s hotline counsellors, was a former spokesman and employee of OCAP. Kelly Bentley, one of FMTA’s outreach organizers, is also a former OCAP member.
When asked about the musings on his blog, Dent contended his writing is in no way “related” to FMTA.
He also insisted their work does not duplicate that done by the province, noting the LTB does not have a good handle on city bylaws or how a variety of legislation related to tenants fits together.
But a tenant activist, who did not want to be named, said sole-sourced contracts like that given to FMTA must be stopped and a full audit done of whether they’ve delivered good value for the millions they’ve received in the past 10 years.
“What’s really needed is an independent review by somebody outside of shelter, support and housing who has no vested interest,” the activist said.