Bill 60 Now in Effect: What Changed for the N4, N8 and N12 in Ontario

Welcome back and what this recap covers

[00:00:08] Kevin Breitner: Welcome, landlords, to another recap here. But we normally we should do this for one month if you remember us. Robert Di Lisi, Kayla Andrade and myself, Kevin Breitner, just breaking down what’s been going on in the landlord world in Ontario. we were doing this every month, but summer got in the way and everything that took place that way. So we’re gonna give you a nice little recap from the last little bit and what’s going on now, this being obviously the end of September. So Rob, welcome. Kayla, welcome. How you guys doing?

[00:00:36] Kayla Andrade: Excited to be back. Let’s do this.

[00:00:39] Robert Di Lisi: I’m always excited to see Kayla’s energy.

[00:00:45] Kayla Andrade: Managing nothing. I don’t have to really quite I’m just here to talk. No one’s behind the Yeah, that’s absolutely great. And I love being all with you too.

Bill 60 and the N4: seven days to file, not seven days to evict

[00:00:54] Kevin Breitner: No. It’s I agree. It’s great to be back. I I wish we had done this over the summer a little bit, but again, life was crazy, I’m sure, for everybody. We had a lot going on. We have something new and exciting to share as well with what’s happening with non payment of rent, as that is one of the topics we’re gonna be getting into today, because obviously what’s happened that everybody knows about is Bill 60 came into effect on September 21. so we’re going to break down the forms there, the changes that are made and and discuss each one just so that everybody understands what it is. Obviously the forms here, Rob and I have discussed on our landlord series before and broken it all down. But with the changes, we want you to know what’s happening there as well. So we’re gonna get into that. Plus, obviously with Kayla here, you we’re gonna get into some politics and what’s happening in that world as we advocate for landlords and continue to make sure that everybody knows what’s going on in their specific municipalities. And we’re also gonna talk about, if we have time, which we should be able to squeeze this in, nonprofit organizations and how they’re getting involved and the effect that they’re having as well. with us. so why don’t we start off with the N4 non payment of rent? That I think is the one that’s got most people stirred and I even had one of my landlords who’s overseas in Dubai send me a message right away saying that he heard we can now kick people out in seven days. Is that true? And we had to have a conversation. So Rob, I’ll I’ll let you take it away with the N4.

[00:02:15] Robert Di Lisi: Yeah, and that you know, Kevin, it’s funny that you say that because I got a lot of landlords telling me now that Bill 60’s in effect, that can we kick them out? And the answer is no. All that it means is that the notice for non-payment of rent has gone from 14 days to 7 days. But if you mail it, you still have to add on five days. Now, there’s three major things that I like about the new N4, and Kayla, I know you’re gonna chime in on this, is On the N4 right at the top, it says you must pay your rent or you will be evicted. Now, I know that’s a small thing, but it reminds people that you have to pay your rent. Number two, what I like is it says that you can’t use this as an excuse to stop paying rent if the landlord is not maintaining the property. And I think that’s a great tool because many tenants feel that they don’t have to pay the rent. If they have a problem with their with their landlord. So the N4, I I want to make it very clear that even though the time period for the notice has has gotten less, it’s still taking three to four months to get to the board, two months to get the order, and then depending on where you are in Ontario. It could be three, six downtown Toronto. I’m seeing twelve to sixteen weeks for a sheriff to evict.

[00:03:50] Kevin Breitner: So the timing for the eviction i is the most important part obviously when you’re dealing with non payment of rent. And that really hasn’t changed. Just the days to file has changed. And I think that was the convincing part for everybody. They got really excited when they heard about half the time, but half the time to file, folks. It’s not half the time to evict. You still have to go through the same process, same eviction forms a and process to go through the board as well as getting the sheriff to until you have vacant possession again. So

[00:04:18] Robert Di Lisi: Many tenants were all worried about this.

[00:04:23] Kayla Andrade: And and they were worried about this from CBC and TVO, like or like or TVO. I’m getting TVO and and CTV all all together and City News. they were like the listening from the tenant side of it, and they’re like, you know, the tenants are saying that they’re gonna get a evicted faster. And we’re like, No, let’s walk you through the process here. This is how it works. We’re only able to file the paperwork. But my major concern with this was it’s great we can file it. But is this going to contribute? And Robert, you might be able to say that. Is this going to contribute to a lot of applications being filed very prematurely? Because the tenants usually get paid every two weeks. So we’re going to see applications being filed. Are we going to see the landlords pull them from the docket in a timely manner? And do they still have to go through that process of filling out the form, sending it in? Like some people just may not show up. And we’re going to see very valuable dockets taken away. on these little simple applications that have been paid now in full and the landlords just don’t they just don’t back out of it, right?

[00:05:28] Robert Di Lisi: I I agree with your comment there, C Kayla, I do agree.

[00:05:31] Kevin Breitner: That’s exactly how we see it too. most tenants that are behind, the ones that are maybe even consistently behind, right? Which is something that we’re gonna talk about after as well. But we do see that they’re coming in somewhere around that next paycheck, right? Which is normally that following Thursday, following Friday after the first, which is within those first few days. So my my joke

[00:05:53] Robert Di Lisi: I may though, sorry, sorry to interrupt though, is I don’t know. I think that when you file an N4, I feel that most tenants, at least the ones that I see in our office, they have no intention of paying. They’re using the system as usual, just so that they can drag it on and because they know that the process is gonna still take long. So maybe it will help make those tenants that are good tenants that do have the genuine intention to pay, they will pay. But the ones that are bad are always gonna be bad. So I guess the notice period is better because now they can file sooner, but it’s still gonna take time to get to the board.

[00:06:32] Kayla Andrade: You make a great you’d make a great case there because at the same time, if the landlords are filing at the landlord and tenant board and we’re dealing with the tenant that’s going to go through that process regardless, we’re still going to be telling the tenants if I file at the landlord and tenant board, you’re going to be responsible for paying that 186. So now we’re saying, hey, there’s we got no late fees in Ontario, but that 186 can technically be that late fee. And most importantly, we are looking at the catalog. So the landlord and tenant board has opened now their catalogs, all these past orders. At the landlord and tenant board, and they’re gonna continue to release them every 30 days or so. So trying to explain to our tenants, listen, let’s work this out, let’s work a payment plan in. This is a non-viable tenancy. Let’s get you out of this property so I don’t have to go to the board. Cause once it goes to the board, you’re now public. And not only that, but the non-payment rent, I’m gonna report that to the credit bureaus. This is gonna follow you now for six years here in Canada because I have the legal right to report your debt without an order or without the tenant’s consent. So now you almost got like a three whammy. You got the fee. You’re now in the landlord and tenant board catalog. And now I’m impacting your credit. So, you know, they want to mess around and find out that’s what’s happened. And I think that’s why the government has now ish did Bill 60 because they see a lot of landlords who lost hope and they’re leaving the market. So this is a way for them to say, hey, landlords, property managers, we hear you. We’re listening to you, but they also have to make sure that they’re not putting more responsibilities, obviously, on the taxpayers.

[00:08:02] Robert Di Lisi: Yeah, good point.

[00:08:03] Kevin Breitner: Yeah, well said. Well said.

[00:08:06] Kayla Andrade: What’s next?

The N8: what counts as persistent late payment

[00:08:08] Kevin Breitner: yeah, I guess persistent late payments, right? Or N8 or changes

[00:08:13] Robert Di Lisi: This one I actually like. I don’t know about Kayla, but before, if we went on an N8 for persistent late payment, there was no guideline of what late was. So it was at the board’s discretion. Now my personal amount of time would be six times or more, would be cons persistently late, but that would be up to the board to decide. So now with the N8, and I hope I get this right. They have to be late three times up to seven days late within six months. Now, I don’t know how much of a difference that’s gonna make, but if before my threshold was six months, that they had to be late. They’re saying now that you can be late up to three times within six months over seven days. So I think it’s a good thing that they’re doing that because now at least there’s legislation to say that. This is what is gonna be defined as persistently late.

[00:09:18] Kevin Breitner: Yeah, I think having the the number, the actual for both sides, there’s now a precedent, a a something to go by saying three to six months versus before, like you said, Rob, we were just saying if it’s been six months consecutive, right? We worked the same thing off your advice on that one. We’ve never had anybody be consecutively late six months in a row. But that was one of the questions that we’ve always been asked by our landlords and how we can do it. But at the same time, you know, if they’re paying me and they’re just paying me late. they’re just poor money managers, but we still want to get that on time for sure.

[00:09:52] Robert Di Lisi: Until we have case law or actual precedence, we don’t know yet what’s gonna happen until there are actual cases that have gone through the process.

[00:10:07] Kayla Andrade: Now this is where I was kind of fuzzy at the end of it. Cause one, I do like that you’re leaving it on a we we put some black and white terms in here play. But when you get to the landlord and tenant board, we could see not an eviction. We’re gonna see potentially what a section 78 being attached to that tenant’s non payment of rent consistency of being late. Like, and two, it’s at the bottom of that, they talked about the rent where If you’re three times late in six months, but when the tenant is paying and they’re paying you, but they’re not, it’s going towards the previous months. Can you can you give us more details about that, Robert?

[00:10:45] Robert Di Lisi: Well, in my mind, so you said a section 78, that is a remedy for the landlord to file for an eviction. So the at least like I’m trying to word this in a way. In my opinion, if there is an order and in the order it says, ‘cause it’s still gonna be the same, where the order will say if they’re one day late or one dollar short for one year. The remedy for the landlord is that they can file an eviction or an ex parte order without the tenant knowing and get an eviction. So I I don’t know if that answers your question, but

[00:11:25] Kayla Andrade: No, no, that would be that one. So like would they it ‘cause if they go if they go and file for the N8, are they really they’re not gonna give them an eviction. I don’t see them ev issuing evictions for persistency of late payments.

[00:11:39] Robert Di Lisi: So I disagree. So depending on how many times that you can show the board. So remember in the past we used to say six times or more within a year. But if you can show the board that they have been persistent over one year, we’ve seen evictions.

[00:11:59] Kayla Andrade: So it’s just more of the it’s just more in do you have to show that the landlord is in hardship because of these late payments? ‘Cause like ‘cause when we

[00:12:08] Robert Di Lisi: Just showing that that like for example, if I show the board that you’ve been only late six times within one year, they will not grant an eviction right away. What they’re gonna do is give an order that says that you have to pay on time. But if I show a rent rule that says not only has late Kayla been late six times in the last year, she’s been late six times sorry, more than six times in the last three years. So if you can show a pattern. That you have absolutely no care about paying on time. We’ve had orders where we get an immediate eviction, believe it or not. Now, obviously, it’s how you advocate the position, right? So if you know how to advocate the position and let the board know, because at least the way that we do it, we do it through a rent rule. We don’t just tell the board, we show it that Kayla has been late, not six times, but For the whole duration since the lease started and the board will look at that.

[00:13:10] Kayla Andrade: Yeah. No, that’s what I was wondering. Like it’s for the very first time bringing it to the landlord and tenant board, will they just issue that pay on time order and then wait for them to screw up? Or it’s also by the time you bring that application to the landlord and tenant board, how many times has a person been laid over a long time frame? That’s what I was kinda. Yeah, because they’re that

[00:13:31] Robert Di Lisi: If I may, what I like about the N8, as I I think Kevin, I’ve told you this before, I call it the ninja because when you take it to the board, the tenants always say, I didn’t know I will pay on time. But remember, once you have that order and the tenant stops paying, it’s an ex parte order, meaning you can file right away with the board. And the sheriff will come to the property and evict. And a lot of times they’re not expecting it. So I call it the ninja because it sneaks up on the tenant. Most tenants are like zebras. Their stripes do not change. They will pay the first month. They will pay the second month. By the third or fourth month, they stop paying. Well, right away, under the section 78, as you mentioned, you now have the right to file with the sheriff for an eviction. So that’s why I personally I it’s one of my favorite notices, to be honest.

[00:14:31] Kayla Andrade: Now we gotta get Robert AID Twin Ninja.

[00:14:35] Robert Di Lisi: yeah.

[00:14:36] Kevin Breitner: Jason can handle that for sure for the next episode. We’ll have to come episode. If if I look like a ninja it’d be like Chris Farley when he played Beverly Hills Ninja.

The N12: new timing and why it is not a shortcut

[00:14:46] Robert Di Lisi: Now, can we talk about the the last one? Because I want to be respectful for time because I know Kayla wants to talk about a few things, is the N12. Can we talk about the N12 really quickly?

[00:14:56] Kevin Breitner: Yes.

[00:14:57] Robert Di Lisi: Okay, so this one I think is a big one. a lot of landlords, at least the feedback that I’m getting like it, is that it’s now gonna be 120 days with zero compensation. However, Bita, my boss’s wife, she told me that it could be an and or situation. So you can also choose to do 60 days with one month’s rent compensation. Now, I I I don’t want to quote that because I’m not 100% sure because I am away right now, but from what my boss tells me, she told me that the way that it’s written, it’s an and or situation.

[00:15:41] Kevin Breitner: That’s what I believe as well. that that you can choose which way you want it to go, whether you want it to save the rent and give them more time or use less time and pay them the month’s compensation.

[00:15:52] Robert Di Lisi: But just so you guys know, because I want to make it clear to the people listening, whether it’s the old law or the new law, the same thing still applies that on the second page, fourth paragraph of the N12, it tells the tenant, if you do not agree with this notice, you do not have to move out and you can wait for the landlord to file with the landlord and tenant board, and then you can tell them why you disagree. Now for an N12. I’m seeing, and I’m going to be very general, four to six months to get to the board, two months to get the order. And then depending on where you are in Ontario, it could be three, six, nine, twelve weeks before the sheriff evicts. And one thing I want to make it clear to the listeners right now is do not use this as a tool that you can just get them out. Because once you serve an N12, you cannot unserve an N12.

[00:16:53] Kevin Breitner: No

[00:16:55] Kayla Andrade: Spooky. If you’re in for the long run. And I think you want to be able to identify they put rules in place for landlords who have the N12 and they actually have 60 days to move in after. So the landlords are now on the clock, which is going to be very odd. And I don’t know how it’s going to play out because what if the place is completely destroyed? What if they have to renovate the entire place or they come into some issues? You know, can the tenant then file for bad faith eviction? And since we last been on, Bill 97 has been fully proclaimed in where they put the hefty fines for the landlord. So up to a hundred thousand dollars for an individual and up to five hundred thousand for a corporation. And this is if you’re caught doing a bad faith eviction. So again, like the penalties are there. And I still kind of question why is the landlord and tenant board, you know, still doing these full on hearings. When the tenant has up to two years to take the landlord back to the landlord and tenant board for bad faith evictions and there’s just hefty penalties in place, why are we backlogging the landlord and tenant board for these simple little things of N12 either to sell, to move in for the family members and whatnot?

[00:18:04] Robert Di Lisi: Agreed.

[00:18:06] Kayla Andrade: That’s my advocacy hat.

Tenanted sales and why the LTB is so slow

[00:18:07] Kevin Breitner: Yeah. No, we’re going through a situation right now where we have a property for sale that is tenanted and that has been our issue because sadly the landlords are in a financial situation where they have to sell, but the tenants have the right to tenure and everybody wants us to give them vacant possession and we can’t and people are scared, even though I’ve talked about the process to other realtors about how them doing it properly, there’s nothing to be worried about. It just takes time. and from what Rob just said it’s longer than what I was telling them because he just basically said it would be about a year to get somebody in through on the N12 with a buyer moving in. Well.

[00:18:44] Robert Di Lisi: I’m being pessimistic, Kevin, just so you know.

[00:18:47] Kevin Breitner: Okay. Well still, even still, if I have a tenant who’s living at home or paying rent and they’re looking to buy into their first home and they have an opportunity to get into something, and they have to then buy something and still wait when they have that opportunity for more than six months, that’s a long time. it is a long time. I I I really think that should be sped up just like the non payment of rent thing should be sped up. Like they have to have a way to get things in front of matters faster. anyways, I was in one today, dealing with some

[00:19:17] Robert Di Lisi: Before Kayla talks, because I know she’s going to get into bureaucracies, that’s the problem with the LTB, is that it’s the it’s a bureaucracy. There’s too much red tape at the landlord and tenant board. I believe that on a non payment of rent, you should be in front of the board within 30 days. For an N12, especially if it’s a buyer’s use, you should be in front of the board within 30 days. Why is it taking three, four months and then two months to get the order? Why does it take so long to write up an order? I don’t care.

[00:19:52] Kayla Andrade: We gotta start off with their current caseloads that they have now, where it’s story time in the library listening to cases. The evidence is there. The landlord provided their evidence, the tenant provided their evidence. We have a lot of information that can be given in a nice portal that they’ve created so delicately for us. That should be in itself the communication process before we even get for an in in in front of adjudicator. But again, we gotta get through the higher ups. Whoever is being whoever the f government is listening to right now, they’re not listening to the right people. And I’m seeing the same people at the landlord and tenant board running it. Maybe it’s a switch up, like maybe it’s like election time and we can switch the people who are running the landlord and tenant board and switch them up at the same time because I I’m seeing the same faces there and we’re still seeing the same issues.

[00:20:44] Kevin Breitner: Well

[00:20:45] Kayla Andrade: A lot of time wasted at the Landlord and Tenant Board.

[00:20:48] Kevin Breitner: I’ll just I’m not gonna get into it. It is what it is, but I did feel today that there was a lot of information being passed that they had already been given in their evidence. You know, like they should be reviewing that all before, not asking the landlord or the tenant, whoever, to then say, Can you please show me where that is? Like they should look through it already. They have it in advance, they have to put it their portal, have a prep session. Like I I don’t know. I there’s gotta be a better way, that’s for sure. Cause it was a lot of time wasted today. and I had to sit there for a couple of hours just to give my few minutes because we had somebody not let us know about a sewage backup for over two weeks in their unit. They actually stayed in their unit with a sewage backup with their stuff in brown water for weeks and didn’t tell us. That was the story for us today anyways.

The 50 percent maintenance rule and the T2 problem

[00:21:35] Kayla Andrade: You gotta talk about the fifty fifty maintenance.

[00:21:39] Robert Di Lisi: okay. Well, sure, we could talk about that. So if a tenant if it’s well, this is usually a section 20 issue, but if a tenant feels that the landlord is not doing their duty as a landlord, and again that usually falls under section 20, which is upkeep and repair, that they c have to now pay fifty percent of what is owed into the board. And the reason why they’re doing that is because a lot of tenants are using this as an excuse of why they’re not paying rent so that they can drag it through a hearing. And then when it goes to a hearing on an N4, and Kayla, you may have seen this, the board member may say, look, the tenant has filed a T2. We’re gonna hold this down and we’re gonna have a new hearing where we can hear the T2 and the N4 at the same time. Meanwhile,

[00:22:36] Kayla Andrade: Hold up. So so that rule with the fifty percent, if the tenants, if they see that the tenant file that T2 seven days before, they’ll they’ll cancel it and put it all together.

[00:22:49] Robert Di Lisi: That’s up to the adjudicator. Okay. And this is the problem. If you have a professional tenant that files a T2, the landlord, if the landlord wants to get them out on an N4, the board may say, look, there’s a T2 filed, and I don’t have all the information. I think the best thing would be to do is adjourn this N4L1 hearing so that we can hear the merits. Of the T2 and the N4 at the same time.

[00:23:21] Kayla Andrade: And let’s go into the fact that tenants can call property standards and have the city come in and intervene. That has the tenant done that part? No. They like to use that as an excuse. You know what the sad part of about this is, is that taxpayers are paying for the legal representation for the tenants in order to fight the landlords on simple things like this. Like and then you wonder why your taxes are going up. You know, it’s about the the the wasteful spending at multiple levels of government, including these type of organizations.

[00:23:51] Robert Di Lisi: What else does new?

Municipal elections, nonprofits and following the money

[00:23:54] Kayla Andrade: God. Anyways, Kevin Everyone, if you’re watching, make sure you give a like in your comments.

[00:24:05] Kevin Breitner: Yeah, we should do all those plugs, right? Like, subscribe, tell to your friends, make sure all the landlords are checking us out all the time. whether it’s through here or Ontario Landlords Watch or through Stonegate Legal Services, make sure you guys are following all of us to get updated on different landlord and tenant matters all the time. But this will be back onto a monthly thing for the three of us chatting about everything. Now let’s get into some politics. let’s talk about what’s going on in the municipalities. We do have an election coming up. Kayla, bring us up to speed with what’s happened in the world.

[00:24:37] Kayla Andrade: Guys, this is the biggest election I think anyone needs to be a part of. We’re very much on provincial and federal, but municipal is so, so important. And it’s so important because we’re seeing counselors and we’re seeing mayors being selected. And some of those people, some of them are very pro-tenant and very negative towards the landlords. And what we’re seeing is that there’s not just those candidates that are pro-tenant or pro-landlords, we also see nonprofit organizations. Rallying behind certain candidates. And I’m starting to do some digging. And I’m I’m gonna do this on Ontario Landlords Watch channel, but there is a bit of the nonprofit organizations getting into the housing landscape. They’re getting into this territory. This is where we’re gonna see more supply hit the market. We’re gonna see them getting land gifted to them by different municipalities, and they’re gonna get government grants for the building. And there’s a a company now called Build Now, and it’s 70% owner, 30% tenant, run by a co-op, never invest or own. And they plan to bring about 10,000 units into the region of Waterloo. Now they got to do that by 2030. And from my calculations, they’re maybe at 1300. So I don’t really know how they’re planning to do that, but there are there are a lot of players in the municipal landscape that I think people need to understand. I need you to really look at the candidates that are out there because a lot of some of these candidates they want to just keep feeding money to the nonprofit organizations. And if you look at some of these organizations, their their CEOs are making over $250,000 just in a salary and then plus an additional eight thousand in benefits. So we really need to take a br big broader understanding of what is actually happening in this scope of housing. Cause these are the people who are Funding and supporting and they’re online. And I if anyone’s following me online, they will see I’m in a fight almost every day with someone who works for a nonprofit because I’m trying to advocate and support and advocate for a a a mayor that I know is planning to go in, review everything, look at the wasteful spending because there is a lot of wasteful spending within our municipalities. We even had the potential mayor Rob Cooper. He’s a counselor right now. He’s calling for the same thing. Follow the money. He wants to fund the organizations that are not producing results, and he wants to fund the ones that are producing results. Same thing when we are in Hamilton, we have a councillor, Mike Spadafora. He actually created a motion. It actually got passed today. This is September 28th. And it’s it’s about an audit on a lot of these organizations. So again, there’s a whole ecosystem of nonprofits and housing providers that are all coming together and they are technically trying to attack that private sector. So I think really people need to wake up and see what is happening. It’s not just because we have the same election year every four years. It’s the same issues. It’s the same issues and it’s the same solutions that they have. and it’s the same career politician. You need to stop we need to start looking away from the career politician and start looking at that private sector to see who has it because you don’t need any experience to be a mayor. They have training, they also have staff. And unfortunately, we have many municipalities that are utilizing staff as their their confidant. And these are the people who are technically running the city. When you have a may past mayor and counselor who said that, it’s like we we’re up a very hard battle. for landlords in Ontario, especially because of everything that’s happening within this municipal level.

[00:28:26] Kevin Breitner: One thing for non for profits that I think a lot of people don’t realize either is that just means that they the company is not making a profit. All they have to do there is just increase salaries from everybody at the director board level to make sure that the next year they don’t make any money. that’s all that goes through. at the end of the day, like you said, it’s follow the money, see what’s going on. housing is definitely something that we all are trying to fix on both sides to make it a level playing field for everybody. Right. I know that we do talk a lot of two landlords here because We all know, especially the three of us here, that tenants get a lot of support already. They have free council, they have a lot of free support. So we wanna make sure that landlords are getting what they need for help, guidance, support, advice, advocation and everything that goes along with it.

[00:29:11] Kayla Andrade: It’s not just about that. It’s that as taxpayers, we’re actually paying for this. Like we’re paying for the mismanagement of this housing crisis. And when we see people in a tiny tent community, and now the regions has to take over because they have to close up. And now it’s costing the taxpayers six million dollars to manage this, this, this facility. And it’s an outdoor facility. So we have to get ourselves into following the money, but making sure that the money is not just We need to make sure that the taxpayer money is actually going to the people. And that’s where I’m tired of the people like, gritty little landlords. It’s like, no, we need to make sure that the money is going to them and not the overhead cost. And we have a lot of duplication of services. So I’ve been down that rabbit hole. I’m still fighting the RTA and the LTB, still doing my thing there. but we really do have to support these in particular candidates from Hamilton into London with Susan Stevenson as as mayor. Like these people understand. what the broken link is. And I think it’s about where the money’s actually going. And then we look like bad guys.

New landlord insurance program for non-payment

[00:30:16] Kevin Breitner: Well, like as I was saying, with the landlord’s protection and how we’re doing things here, it’s always in support. Or not in support, but just to make sure that we’re always trying to benefit and support landlords the best way that we can. The exciting news that I’m gonna quickly share, I don’t I don’t think I’ve told either of you too fully yet.

[00:30:34] Kayla Andrade: Good.

[00:30:35] Kevin Breitner: Yeah, no, exciting, right? We’re gonna be listening. Big news, big news. win for the landlords, I think, here in the province of Ontario. There’s You know, our our property management company’s been around for over five years now and we do a really good job, I believe anyways, obviously biased, that we screen tenants and go through everything and have a great little program to make sure that we’re always looking after our landlords and and what’s going on with their properties. But sometimes a great tenant, a good tenant can h come into a bad situation and things can change and all of a sudden now they stop paying rent for whatever reason they think that’s okay and they c our landlords can lose thousands of dollars, which is kind of what we’re talking about. Today with the N4 and everything like that. So to go alongside of that, we now, and I’m gonna get into this in depth, in one of our CRESI Ontario Landlord Series podcast episodes with the actual insurance provider that we’ve partnered with. But we now have an insurance for landlords, which is very affordable so that if a tenant stops paying rent, you are now going to be covered for the eviction process where Rob and his team at Stonegate Legal Services will take care of everything. With no out of pocket. don’t worry, you’re gonna get paid. I’m just telling you it’s through the insurance. Don’t worry you’re gonna get for free. No.

[00:31:49] Robert Di Lisi: I think it’s great. I’m not worried about that.

[00:31:55] Kevin Breitner: But the paralegal services for the non-eviction process will be covered from beginning to end so that our landlords have no out of pocket expense. Plus, there’s going to be I I think the best way to do it and based on what Rob was saying earlier, around six months. coverage of that rent amount that you’re missing. So again, you’re not missing a mortgage payment through this time. They’re also going to give you up to ten thousand dollars worth of maintenance and repair to illegal damage, not your regular wear and tear, but holes in walls, broken appliances, whatever they’ve done during this process on their way out. So there’s a whole bunch of protection there more than what we were able to offer before. And it’s for a very reasonable price. I I just paid

[00:32:38] Kevin Breitner: Yeah, right. So it it’s it’s an insurance program. So it’s gonna matter for different tweaks for different properties. But at the end of the day, the way to think about it simply is on a rent that’s about twenty-five hundred dollars a month to get all that coverage for six months of rent coverage and plus everything else, you’re only paying sixty dollars a month. I I just paid forty five dollars to park at the Jays game a couple of weeks ago. So sixty dollars a month to cover everything. It’s a business expense. We’re rolling it into our program as well, so it’s not a must. If if our landlords don’t want it, we can take it out. But we’re putting it into our our monthly feed just so that they have an idea that we’re now covering everything as well, to make sure that they’re looked after the best way that we can. I think it’s a game changer for landlords to have that protection.

[00:33:22] Kayla Andrade: Who is it with?

[00:33:23] Kevin Breitner: So the insurance broker is through Lloyd’s of London and the company is called RenterCare. And we’re Yeah, you know, though. Yeah, he we’ve talked about getting an introduction with the three of us and connecting and in the front lobby as well. So we’ve already had that conversation. Rob, he wants to chat with you as well. obviously I’ve already told him that for this to work with our program, we need our our paralegals to take care of it for at least our landlords, but he is gonna talk to you about having it take care of for the entire product in the province of Ontario.

[00:33:54] Kayla Andrade: You know what? I’m I’m glad that you’re partner with with them because I I’ve been around a long time. I’ve dealt with a lot of people coming into that scope. And when you always ask those type type of tough questions what they cover and usually it’s the five you get to there’s more of a selection with renter care. It’s more you get more for renter care. and so that’s why I I do I do want to make sure because times are tough and I think people have to see that. I think we’re seeing a lot of people being laid off. Hamilton just have another layoff in the steel factories of 350 people. we have, you know, part of renter care is about that as well. and I think as landlords, we need to be proactive and what type of products and services are out there to better protect us ourselves and our rentals so that we don’t go belly up and that we don’t lose out, but at the same time protect the tenants.

[00:34:41] Kevin Breitner: Yeah, we had somebody go through something where it cost them thirty thousand dollars because one of the tenants had a stroke and couldn’t work anymore. And just anyways long, long, long the great tenant turned into a bad situation and they really wish that we had this program a couple of years ago to protect them there. But even on top of all that, forget the non payment of rent. One of the things that I think is great about it is on any lease where they don’t give you sixty days notice, you’re gonna get that one month vacancy. And I’ll tell you about eighty five percent of the lease tenancies that end in our world. are less than sixty days and we just advise our landlords that hey let’s just keep moving forward. Let’s get it up. Let’s get it rented up by somebody new. So right away now you’re you’re gonna get that back as well. So twenty five

[00:35:21] Kayla Andrade: That’s part you can also make the tenants pay for this.

[00:35:26] Kevin Breitner: There is a way to do that as well to add it on to their rent for sure, which is is a great thing to do, depending if they’re not gonna get the place, right? So here they are and that and that’s something that we can use. It is no, I again I’m very excited, it’s brand new. We’ve only been talking about it for the month of September here when the paperwork and everything actually got decided about how we’re doing this and moving forward. But we’ve already been out to a big remax event sharing the the news to about two thousand agents and the GTA there. So

[00:35:55] Kayla Andrade: One stop shop with Kevin.

[00:35:57] Robert Di Lisi: Nice job, Kevin. Good job.

[00:35:59] Kevin Breitner: Yeah. Thank you, thank you. CRESI has always been complete real estate solutions investments. And every time we do anything it’s about becoming more of a complete solution for our landlords. That’s really what it is. and and yeah, I’m super excited to to launch this and to get the word out to the landlords in Ontario.

[00:36:18] Kayla Andrade: Give us the emojis on the clappin’.

Final words: vote on October 26

[00:36:22] Kevin Breitner: does anybody have any final words that they wanted to leave our landlords with here as we wrap up this month here in September?

[00:36:29] Kayla Andrade: Honestly, guys, I’m always gonna leave you with something. Follow, follow, follow. Network document. I want you to get so involved in this municipal election like you like your life depends on it. Cause it really does. It we have a lot of people who are wanting to be the opposite of what we do. So please make sure that you get out and vote for October 26.

[00:36:53] Kevin Breitner: I agree. Vote. Not just for your municipality, but know what’s going on where your rentals are as well, ‘cause it does matter.

[00:36:59] Kayla Andrade: Yes, yes. I forgot to tell it. Like you can vote in the areas where you own rental properties. That’s a good thing because like you just have to make sure you’re registered on there. But yeah, if you own a rental property in a city that you don’t live in, you can still vote in that area.

[00:37:12] Kevin Breitner: Right. Be informed, be aware, know what’s going on, and have your voice heard. That’s what voting is all about. That’s why we are in this wonderful democracy. Blah blah blah. We are in this wonderful yeah. Stripped over my words there. but anyways, yes, make sure you vote, make sure you’re getting your your voice heard as they say. thanks so much guys for joining me today. I appreciate everything that you guys share with our audience. And thanks everybody for watching. stay tuned and Get a look out to CRESI’s Ontario Landlord series. There’s lots of information on there as well. But more importantly, to hear more about our new insurance program that we’re going to be launching for all you guys. Talk to you soon. Bye for now.

[00:37:49] Kayla Andrade: See you next month.

[00:37:50] Kevin Breitner: Bye-bye. Hey everybody. Thanks so much for joining us this week. I hope you enjoyed the episode. If you’re finding it informative and useful, make sure to like, subscribe, share with a friend so that we can keep getting the information out there to Ontario landlords. And keep on joining us. We’ll see you next time.