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Do You Have Tenant Vacancies & Tenant Woes in London Ontario?

If you own income properties in London Ontario, you probably have had a few tenant woes in the past or have heard of war stories about problem tenants. In most cases, these stories involve losing time and money.

 Most rental property woes have a common theme. The common idea from every story or problem is:

London Ontario Income properties tenant woes

 Selecting the Wrong Tenant.

 The 80/20 Rule, also known as Pareto’s Law, states that roughly 80% of the effects come from 20% of the causes for many events. In the rental real estate business, this means that most problems come from a minimal number of factors.

  I would take this further with rental real estate and say that 95% of problems come from selecting the wrong tenants.

  I googled “How to find and screen tenants” and found (About 32,000,000 results )searches on the topic, yet some landlords keep having tenant woes, and if you do, do you not think it is time to change how you do things?

 That is the problem with information and how-to’s, it is readily available, but most don’t know how to implement the how-to! (Try saying that fast)

 One landlord said that paying $30-$35 for a credit check is expensive! What do three to six months cost when trying to end a tenant residency?

 Consistent tenant woes are like being overweight; you don’t get fat overnight! Eating a cheeseburger and fries today will not make you fat overnight, but over time, it will.

The same with a tenant, lack the discipline and the ‘how’ to screen tenants and the only weight loss you can expect is a lighter wallet, and if you keep it up, you’ll lose sleep as well!

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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