— Landlord Relief (@LandlordRelief) May 14, 2015
The Toronto Star article referenced in the above tweet is a reminder of the principle that:
“If the landlord doesn’t respect the property then the tenants won’t respect the property”.
This means that if you want your tenants to respect the property, you as the landlord should demonstrate respect for the property. Remember also that the value of a rental property (unless it is also a single family home) is proportional to the amount of the rents. The amount of the rent is proportional to (among other things including accessibility to public transit) the “quality of life” in the building. The key to successful landlording is attracting and retaining good tenants. Tenant turnover is very costly for landlords. All small landlords should review the principles for finding and selecting good residential tenants.