Dealing with a Problem Tenant
Buy-to-let has been a very difficult business model over recent times. The credit crunch combined with the crash of property prices has put many buy-to-let landlords in difficult positions. The last thing any landlord wants is a problem tenant, but as everything else in the economy becomes more difficult, the number of problem tenants has also risen.
This is not always their fault. In many instances they are victims of the same economic factors that are affecting their landlords. A tenant may be the best tenant in the world under normal circumstances. They have always paid their rent on time, they have taken care of the house and have tended to the garden. In fact they were such model tenants that when they wanted to increase the time scale of the tenancy agreement, you were more than happy to oblige.
Then suddenly everything changed. The rent payments were progressively later, initially a week, then two, then a month. Your management company informed you that the tenant had been made redundant and was now dependent on the DSS for paying the rent. Of course you are sympathetic, but this is a business arrangement and things have suddenly taken a significant turn for the worse, particularly as you have now decided that you need to sell the property.
Once the DSS are involved in paying the rent, it is extremely difficult to persuade assured shorthold tenants to leave even when the tenancy agreement has expired. Even after you have issued a two month notice for them to leave, in many instances the DSS are unlikely to cooperate. It might be necessary for you to obtain an eviction notice from the court before the DSS is willing to re-house them, and this can be very time consuming and expensive.
In these circumstances it might be worth considering selling the property with the problem tenant in situ. Of course it would be just about impossible to do this on the open market, but there are a number of companies that make a business out of just this kind of purchase such as swift capital. Naturally they discount the purchase price by about 25% of that of a similar property with vacant possession, but this could be your best choice.

It is incredibly easy to find a beautiful property in the middle of busy Toronto. That is, if you know what to buy, where to look and have stored a lot of patience for the procedure. There are as many properties as there are different tastes for varying styles, locations and price ranges. If you are seeking Ice condos the first step to take is to sit down and make a list of properties your ideal house should have. If you know the purpose of your property you will know what kind you will be looking for. If you are a working professional with no time to waste on commuting to work 18 Yonge condos will be ideal, as it’s situated in the centre of entertainment and business districts. If you wan to live in the most modern and architecturally adventurous building in Toronto go for Maple Leaf Square condo that’s a wonder condo complex, combining sports and entertainment, daycare, restaurant and supermarket. There is nothing like it and if you are that very special person, it’s exactly for you. So after you decide what you can afford and what priorities you have, look around and let’s hope you find something gorgeous soon. And if you are looking for something exceptional - take a look at DNA 3.

Sometimes it is not easy to find a house or a flat in the area where you know no one, where you are absolutely a stranger. What to do in such a case? Usually people address a real-estate agency, a company that will do anything just to please you. They will find you a house, a condo where you can not just relax but live a full life especially if you are moving to this region and you will stay there for a considerable period. Anyway, besides rentals any real-estate agency will offer you condos like this king west condo and homes to buy in this or that area. If we take, for instance, a Toronto home, we will see that they are not too expensive but very convenient.

Tip Top Lofts located not far away from the lake and Coronation park. This place is very good for those who want to find some friends and live in a peaceful area. There are many opportunities for traveling too. It is possible to take a ferry and spend a kind of mini-vacation on the Island.

The prices these days are not too high and people who are ready to invest in real estate are better to hurry up. It is nice to be a stranger and live in a wonderful flat. Want to change your life? Today everything is possible.