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Her story with her in-laws gets a little sympathy, right up until she's complaining that the tenant is doing all these things to her and she "didn't do anything".
You served him illegal rent increase notices and you tried to evict him! That's not nothing! All the tenant has done is get the regulator in the loop, and the regulator has repeatedly said, "yeah, you can't do that." Flawed as they sometimes are, we have laws like these for a reason.
I’m also noticing the owners said they are bleeding cash. But they bought 7 units (in 4 buildings) for 295,000. Assuming 0 down and 5% apr that just north of 1700 a month. So this one renter paying 727 is nearly half of their mtg.
Even if we say expenses and upkeep adds 50% to their monthly outlay, their costs are covered at 4 units rented…
I’m not exactly anti landlord but this screams rent seeking crocodile tears.
I've never bought the bleeding money story of any landlord anyway.
That money goes to the mortgage.
Can they afford it? Maybe not, but it's not like the money is just vanishing. You're paying off your mortgage. Sell it if you can't afford it and you'll recoup the cash you personally paid into it and all the profit from your tenants.
If she's "bleeding money" she can sell one of the seven units she owns.
"we're bleeding money" so lets get my mother-in-law who is already in a long term care facility to move in and not pay a dime which will end up costing us MORE in the long run as she'll need to be cared for.
But you own 7 other units, why not just sell one or two of those if you're "bleeding money".
I just wish people would be honest every now and again and simply say "We make a lot of money but we want to make more."
I wasn't aware anywhere in Canada allowed zero down for residential housing. CMHC usually requites at least 5%, and that's for personal housing only. Which means the numbers would work out to even lower monthly payments.
They don’t really allow 0 down. But It is possible. I went with 0 down just to give the landlord some grace because realistically I was already sure they were misleading on the costs.
I’d give half a consideration to the landlord but they live thousands of km away from the rental unit and mom (they’re claiming is going to move in) is in a care facility.
They saw an opportunity to make cash and now they get what they get. Sounds like a good situation. Long term tenants. But these people needed more!
I rented a house below market. They didn’t raise the rent the entire 3 years I was there. They said they’d rather have it rented to quality people longer than have people in and out chasing the highest rate. Best landlord I’ve had.
I rented out my house while I was working out of town, I had exactly the same attitude. I just wanted someone that wasn't going to trash the place, so I found someone that wasn't an asshole and gave them a deal for a few years.
I had another place years before that where I thought I was giving someone a similar deal and they paid me back by absolutely gutting the place, even pulled the copper plumbing out of the walls. Cost me tens of thousands even after insurance. I had trust issues after that bullshit.
I know Lemmy hates landlords, but the fucking shit I've seen from renters would stagger people's minds. Had a place where the kids wrote on all the walls with Sharpies and the carpet was covered with orange koolaid stains that wouldn't clean out, had to tear out all the carpets.
I knew a guy that rented a place to a RCMP and when he went in there one day to fix something, he found a stack of used diapers at the bottom of the basement stairs where they were tossing them for several weeks. Couldn't evict them for that, had to give full notice because the board sided with the cop.
Yeah, there are assholes on both sides of the landlord tenant dealings.
I saw a reddit post once of a tenant complaining the landlord was withholding the damage deposit due to new stove top needed. The tenant was looking for sympathy and shared a photo of the stove top. It was the glass top style and looked like the tenant had claned it for a few years by scrubbing the surface with 40 grit sandpaper and used angle grinders on the baked on part.
A family member managed a low income building:
There were tenants who removed all the plastic switch plates and plug covers, and pulled all the baseboard and door jamb frames off.
One had a closet full of garbage and human feces. Toilet worked fine.
One had a water leak they never reported and the entire lower kitchen cabinets looked like it was being eaten by an alien tentecle creature made of black mold.
People just aren't well, whether its a tenant or a shitty money grabbing landlord
People are weird.
Had a neighbour who just left the basement door open and threw a bag of dog food on the floor for their dog and left for three weeks. I didn’t know what was going on or I’d have called someone - anyone. They were homeowners.
Over COVID I heard the apocryphal stories of support payments going out and landlords getting stiffed as they watched new TVs being delivered. I don’t believe a lot of that, though.
I do think that short of a serious effort to acquire, build, maintain, and expand public housing, small scale landlords are an important part of society. But they need a lot of controls and limits, and tenants likewise need to have reasonable respect for the property. It’s not always the case but I feel a small scale landlord is better positioned to be (and certainly isn’t always, as in this case) connected to the community than BlackRock.
It would be nice to have a public record for tenants and landlords to share warnings about bad behaviour, but that sort of thing gets corrupted so quickly.
That one reminds me of a place my dad went in to rehabilitate for the credit union my mother worked for that had repossessed it. Former owners had left the dogs in one of the bedrooms, presumably all the time for a couple years. There was six inches of dogshit on the floor, only spot clear was where they opened the door to be able to throw more dogfood, all the empty bags were in there as well.
Oh damn, I’ve never heard of someone gutting the house! That must’ve been quite the shock.
"Ashmin Goolab says she wants Jonathan King and his wife out of their bungalow, so that her mother-in-law can eventually live there."
Sounds like you should have used that property as a dwelling rather than fuck up the housing market by converting into a rental for easy money. Get fucked landlord scum
She bought it with the renters already in there. She didn't convert it to a rental.
While I acknowledge my lazy reading of the article, I feel like this fact makes her even less justified to want to use it for her MIL. Now it just sounds like she should sell the property and use those proceeds to buy a place for the MIL.
Yeah that shit's just an excuse. The two other properties she owns evacuated in response to her jacking up the price. She has plenty of properties in which to house her mother-in-law. This is just a shitty underhanded tactic to circumvent the legal process.
And instantly jacked up the rent beyond what was legal. And when that failed tried to evict the tenant and when that failed waited the requisite amount before issuing another eviction also they can make more money on the property.
I don't fucking ever want to hear about "impoverished landlords" they can get fucked.
Landlords are leeches.
That being said, Blaine Higgs, our former Premier, has removed all tenant protections last year. While our current (more competent) government brought a lot of them back, the leeches feel empowered, like we took something for them for basic regulation to protect renters.
FUCK LANDLORDS
Fuck these landlords