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recycled sixtie recycled sixtie is offline
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Join Date: Oct 2011
Location: Edmonton Canada
Posts: 5,970
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As mentioned above it is essential to get the right kind of tenants. Wife and I have been very fortunate to have three sets of tenants over a period of twelve years. Our condo building is over 55 years of age for residents. Our tenants are in their seventies and look after the place.

Bought the condo unit in 2008 and the year after the property value dropped thirty percent. Having said that we have had virtually uninterrupted rent for twelve years.
I change the rent and modify lease conditions only when the old tenants have left.
Tenants like constancy and raising rent each year only make tenants look around at other places.

Perhaps you could get a property manager to rent out your properties Fred? Sorry to hear of your troubles Fred. You deserve better. Getting good tenants with good references has been key for us.

Cheers, Guy
Old 11-18-2020, 05:41 AM
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