Payment Plans for Tenants: Should You Offer Them? | Real Estate Investing Canada

*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id= "request-WEB:0658b70c-8aff-4846-a4db-73036dad27b9-6" data-testid= "conversation-turn-2" data-scroll-anchor="false" data-turn= "assistant"> 🎧 Payment Plans for Tenants: Should You Offer Them? Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier In today's episode, Wayne and Gabby dive into a topic that can split landlords right down the middle: Should you offer payment plans to tenants who fall behind on rent? There's no one-size-fits-all answer here. Instead, they break down how to think through these situations like a professional investor, balancing business discipline with human judgment. 🧠 What You'll Learn in This Episode Why there's no "yes or no" answer when it comes to tenant payment plans The importance of understanding the tenant's situation before reacting The biggest risks landlords face when offering payment plans How tenants can unintentionally (or intentionally) fall into a cycle of missed payments Why clear communication BEFORE rent is due matters more than anything How to structure a proper payment plan with documentation and timelines Real-life example of a landlord who lost thousands due to poor systems The difference between being a good human vs. running a disciplined business 📅 Upcoming Events 🚌 REI Masters Edmonton Real Estate Investing Bus Tour – May 16 Join Wayne & Gabby Hillier for a full-day, hands-on experience touring real investment properties across Edmonton. You'll see: Properties that actually cash flow Real BRRRR projects in action The exact types of deals discussed on this podcast This isn't theory. This is real estate investing in the field. ⚠️ Over 70% sold — limited to one bus 👉 Register here: www.reimasters.ca/edmontonbustour 🎤 Wayne Hillier Speaking at EREIA – May 13 Fireside Chat: REI Strategies To Pay Attention To In 2026 Wayne will break down: What's working right now in Edmonton Where the biggest opportunities are What investors should be paying attention to next 👉 Get tickets: https://www.meetup.com/revenue/events/314169150/?utm_medium=referral&utm_campaign=share-btn_savedevents_share_modal&utm_source=link&utm_version=v2 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & tax help: www.finngo.com/rei Submit a question: [email protected] 🤝 Thanks to Our Sponsors 🏠 Calvin Realty – Edmonton Investor-Focused Realtor 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook 🏫 Edmonton Real Estate Investing Course Thinking about investing in Edmonton but not sure where to start? Our 8-week Edmonton Real Estate Investing Course gives you a clear blueprint to invest with confidence, including: Why Edmonton is one of Canada's strongest cash flow markets The economic drivers shaping Edmonton's growth How to analyze neighborhoods for cash flow and upside The five main asset types and how they perform Tenant selection strategies that protect your returns How to buy rental properties that actually make money 👉 Learn more and register at: www.reimasters.ca