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Doug Pretorius (ON)

How do you guys keep up with all the government crap?

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I was just informed by a prospective seller that the city has introduced a 'rental housing health and safety certification fee' (translation: BS tax). $500-$600/year for each rental unit. I'm thinking that represents the entire cash flow for many landlords :) makes me wonder why anyone bothers to be a landlord anymore.

 

Anyway...the question is, how do you guys keep up with all this crap? I can't be bothered to read every piece of legislation that comes out and I'm certainly not going to pay my lawyer to keep me up to date.

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Doug, I couldn't agree more. All this legistation is nothing more than yet another tax on citizens under the guise of consumer protection. How do I keep up with it all? I'm stockpiling gold and guns. :)

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I had the local yocal taxing authority contact me, out of the blue, saying I owed them $17,000. in past taxes for my rental business. After contacting them, they were using the letter as a scare tactic. After a phone call, I now pay taxes on all the appliances in each rental unit that I own. After depreciation it comes to about $8. to $10. a year.

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It's not what you know. It's what you say when you don't know. :) Or something like that.

 

I remember speaking with this lady at the tax place, and she seemed really disappointed that they couldn't get more out of me. They didn't realize that I was just a single joe, doing my thing, and not some large real estate office.

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HOLY COW STEVE!!!

That is freakin ridiculous!!!!

Some cities in an effort to maintain the standard of living require an inspection from the city before a tenant moves in.

I guess they "track" it when an order comes in to switch the water...I guess.

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Some cities in an effort to maintain the standard of living require an inspection from the city before a tenant moves in.

I guess they "track" it when an order comes in to switch the water...I guess.

"Maintain standard of living" Yeah, I believe that. If that's what they're doing, then order the water yourself (no change for new tenants and advertise "water included")

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Some cities in an effort to maintain the standard of living require an inspection from the city before a tenant moves in.

I guess they "track" it when an order comes in to switch the water...I guess.

"Maintain standard of living" Yeah, I believe that. If that's what they're doing, then order the water yourself (no change for new tenants and advertise "water included")

 

That's not a bad idea!

I think the city I'm thinking of charges..$100 or something per inspection..course, it's a crap hole WT city...I don't even market there, as I loathe driving thru it.

The whole city is a rental.

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...

The whole city is a rental.

 

"CITY FOR LEASE OPTION

NO BANK QUALIFYING

8,725 BEDS, 10,225 BATHS

30% RENT CREDIT!"

 

:lol:

^_^ . . . B)

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