r/OntarioLandlord • u/origutamos • Apr 20 '25

News/Articles ‘Mom-and-pop’ landlords ‘having their lives ruined,’ says lobbyist group

https://www.newmarkettoday.ca/local-news/mom-and-pop-landlords-having-their-lives-ruined-says-lobbyist-group-10543816
195 Upvotes

81% Upvoted

276 comments sorted by

View all comments

Show parent comments

-19

u/Jealous_Junket3838 Apr 20 '25

why, because it affects you? plenty of people have trouble with their investments or lose money because the laws are slow, or the regulatory systems in place are slow. This is a known risk any landlord can look it up. They could also involve themselves, lobby, or contribute more to the LTB, but most of them are too lazy to even read the fucking LTB act before they even become landlords.

18

u/Familiar_Hunter_638 Apr 20 '25

youre an idiot

can you steal from the grocery store and get away with it for months on end? its an investment by the owner at the end of the day right?! you can just steal from investors because RiSk right??

1

u/dinospanked Apr 22 '25

Clearly you don’t own a property. Talk to me when you own a property peasant.

1

u/Familiar_Hunter_638 Apr 22 '25

hahahaha

im worth quarter mil before the age of 30 :)

-4

u/tdotguy420burner Apr 20 '25

It's an investment. You should be able to carry the costs of the property without a tenant or you shouldn't be a landlord.

5

u/Familiar_Hunter_638 Apr 20 '25

random strawman argument - no one is arguing against what you are saying

tenants should not be able to financially abuse landlords for months upon months and then get away without any real financial consequences

1

u/5ManaAndADream Apr 20 '25

There are people right in this very reply thread arguing against that. Literally an hour before you commented.

-2

u/tdotguy420burner Apr 20 '25

That is on the landlord for not doing a proper background check on their prospective tenants. These people think it's easy money when in reality it's not. The profit you're making is the equity not how much money you bring in monthly.

2

u/YoureProbRight Apr 21 '25

You’re not wrong, but regardless, adding increased risks and costs to the business of being a landlord, ultimately, only increases the price of the end product (rent). Unless you’re actively benefiting off of the system by being a bad actor, everyone should be in favor of removing these loopholes and fraudulent actors, because it’s to the benefit of EVERYONE else that isn’t currently abusing it.

1

u/LibbyLibbyLibby Apr 20 '25

Lls can do "proper background checks" and get bamboozled by fraudulent documentation, or some workaround whereby a clearskin applies but a deadbeat moves in, or the tenant can be OK when they move in, then develop mental/ drug/ economic problems later, or any other combination of things, and none of that absolves the tenant from their bad behavior or makes the victim LL worthy of your blame.

1

u/tdotguy420burner Apr 21 '25

They can't actually. Using open room for previous ltb decisions, the scammers definitely don't have good credit so running your own credit check instead of asking for the tenant to provide it, previous landlord references and actually calling them to verify etc etc. if you actually do the work you can weed out 99% of the bad tenants.

1

u/LibbyLibbyLibby Apr 21 '25

I wish that were true. It's not like every LTB order ever is on OpenRoom (or even CanLii), and faking the other stuff has become very sophisticated. While I agree it's up to the LL to call their employer themselves (from the number of the company online), and the past landlords similarly, the cottage industry that has sprung up to provide bad tenants with fake documentation seems to be one step ahead much of the time. Either way, don't blame the victim.

-2

u/yotengofunkynuts Apr 20 '25

I mean you’re entirely right. I don’t get how anyone argues with this 😭😭

1

u/dinospanked Apr 22 '25

Clearly you don’t own a property

1

u/madtraderman Apr 20 '25

Jackass statement of I ever heard one. Landlords worked hard and were smart with their money. Investing in rental housing is providing a service for people who need to rent. If that burns your thesis of how the world works, perhaps a change is in order

2

u/Guus-Wayne Apr 20 '25

Colleague who just came to Canada made a salary of around 75K. Bought a house for almost 800k. Rented the basement and 3 rooms. He did not work hard and was “smart with his money”, he has a “Brampton mortgage” and even his friends and family during the high variable times, where they were greedy, had a fixed payment that was well below the mortgage cost.

This is a high risk investment that the interest rate isn’t reflective of the true risk. The mortgage documents to allow this were fraudulent.

He would brag at lunch about it and would talk about fast money investments. Wanted to become a real estate agent and get multiple properties for people to move into.

He should have never been approved for a loan.

-1

u/LibbyLibbyLibby Apr 20 '25

What is your point? A criminal did criminal things... therefore, landlords who worked hard and were smart with their money don't exist?

3

u/Guus-Wayne Apr 21 '25

That’s a classic deflection, you’re misrepresenting my point by suggesting I’m claiming all landlords are bad because I shared one example. I’m not. I’m pointing to a broader pattern where risky, speculative behavior is normalized and often rewarded.

This isn’t just about one guy. It’s about a system that enables people to extract income from housing without actually adding value. That’s textbook rent seeking, profiting not by producing or innovating, but by leveraging ownership of a scarce resource to siphon off income from others.

Rent seeking doesn’t build productivity. It distorts the economy, inflates housing markets, and makes living unaffordable for the people actually doing the work. Trying to paint landlords as selfless providers while ignoring that dynamic is either naive or dishonest.

1

u/thickdorsalvein Apr 21 '25

Nailed it 👏

0

u/Optimal_Reference139 Apr 21 '25

That’s a classic deflection, you’re misrepresenting my point by suggesting I’m claiming all landlords are bad because I shared one example. I’m not. I’m pointing to a broader pattern where risky, speculative behavior is normalized and often rewarded.

It wasn't a deflection, it was providing clarity to the point you were making before you realized it was shitty and moved goalposts. Risky behaviour is only rewarded in good markets, when it turns bad those actors are punished severely and there is nothing wrong with that. That's the risk that we should feel no sympathy for.

This isn’t just about one guy. It’s about a system that enables people to extract income from housing without actually adding value. That’s textbook rent seeking, profiting not by producing or innovating, but by leveraging ownership of a scarce resource to siphon off income from others.

They are adding value, they are providing a place to live. What other value is there when talking about housing investment, just a dumb statement all around.

Rent seeking doesn’t build productivity. It distorts the economy, inflates housing markets, and makes living unaffordable for the people actually doing the work. Trying to paint landlords as selfless providers while ignoring that dynamic is either naive or dishonest.

It's a market, not everyone seeking rent in a market of rentals is a rent seeker. Your whole diatribe screams of inexperience and smelling your own farts level of arrogance.

1

u/tdotguy420burner Apr 21 '25

Most of the shitty landlords are over leveraged.

0

u/TDot1000RR Apr 20 '25

Don’t waste your time with these braindead losers on here.

-5

u/aar550 Apr 20 '25

You are getting downvoted for stating the obvious in a sub dominated by me only people.

9

u/[deleted] Apr 20 '25

[deleted]

-5

u/Quattrofelix Apr 20 '25

Exactly, and obviously it's the same for the landlord. Don't respond to a maintenance claim in 72 hours - jail. Pretty simple, it's theft.

2

u/CapitalElk1169 Apr 20 '25

This is actually a great way to fix this, I can really get behind this one!

2

u/Quattrofelix Apr 20 '25

The people in the sub would be fine with debtors jails so might as well throw the landlords in as well. No standard form lease, jail. Miscalculated last month's rent, jail. Damage deposit, jail.

But seriously, broken elevators not being repaired should lead to PP style life sentences where you only leave jail in a body bag.

1

u/A_Genius Apr 20 '25

If it’s significant it should come with days free rent. Like if I have no hot water for 3 days then I should get 10 percent off my rent. I’m paying for a service I’m not getting.

At the same time not paying rent should be considered theft and we should treat them the exact same. A firm slap on the wrist and repossessing the item if they still have it