‘Unnecessarily punitive’: Property management CEO speaks out against regulator’s order freezing accounts!
Small landlords are increasingly becoming targets in the real estate market. The sector is rife with corruption, as large asset management companies aggressively eliminate their competition. Owners of luxury rentals are at risk of severe financial losses, while these large companies swoop in to purchase properties at significantly undervalued prices. These asset management firms are akin to modern-day “carpetbaggers,” exploiting the market for their own gain.
A sign advertising a rental unit. (Shutterstock)
#realestateinvesting, #realestateinvestors, #propertymanagement, #luxuryrentals, #freezingaccounts, #furnishedrentals, Rent it Furnished CEO Erika Weimer, #vancouver, #toronto, #montreal,
luxury rental property in Vancouver, Toronto, Montreal, Ottawa and New York, local and international clients, #rentitfurnished,
Citations:
https://www.reddit.com/r/OntarioLandlord/comments/190b5g0/why_has_ltb_became_anti_small_landlords/
[2] https://www.cbc.ca/news/canada/housing-rent-evictions-ontario-1.7266000
[3] https://www.youtube.com/watch?v=CGJmPcOlNao
[4] https://liv.rent/blog/landlords/tenant-scams-targeting-landlords/
[5] https://www.us.jll.com/en/trends-and-insights/investor/podcast-rent-fraud-is-rising-what-are-multifamily-landlords-doing-about-it
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