Rent to Own Failure & Legal Lessons | Real Estate Investing Canada

🎧 Rent to Own Failures, Tenant Discounts & Legal Lessons Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Today's episode dives deep into the realities of creative real estate strategies. Wayne and Gabby wrap up their story about a failed rent to own deal, answer listener questions about rental discounts and late rent enforcement, and share the hard lessons learned about legal protections, caveats, and overholding tenants. This is a must-listen for any investor who wants to avoid costly mistakes and structure deals the right way. 🧠 What You'll Learn in This Episode How one rent to own deal failed and the legal battles that followed Why proper paperwork and legal systems protect you from unlawful caveats The importance of reserve funds when tenants overhold or stop paying When (and if) to offer a rental discount to secure a fixed-term lease Why month-to-month tenancies can create problems for landlords How to deal with repeated late rent and whether 14-day notices are effective Why perspective and authenticity matter in creative real estate strategies Practical steps when converting your home into a rental property 👥 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] Get the 5% Rule™ book on Amazon: The 5% Rule™ – The Real Estate Cash Flow Test Order Now → https://a.co/d/3Xrcnhw 🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 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 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268