The Pitfalls and Perks of Buying a Tenanted Property | Episode 70

In episode 70 we cover the pitfalls and perks of buying a tenanted propery in Toronto! We tackle the complexities of purchasing tenanted properties, offering vital advice on handling tenant-related risks, the importance of lease agreements, and strategies for smooth transactions. The episode also delves into economic changes, predicting Bank of Canada interest rate cuts, and how these changes impact landlords and tenants. Beyond real estate, Mark and Joey share their latest culinary discoveries in Toronto, from fiery Diavola pizza at Speducci to the pan-fried beef at Momo House. Listen in for a mix of invaluable real estate insights and mouth-watering foodie escapades! (00:00) Introduction and Episode Milestone (00:26) Food Adventures: Momo House and More (02:01) Molly's Scottish Trip (04:59) More Food Experiences (11:49) Justin Timberlake Concert (13:19) Sexy Rabbi and Relationship Tips (17:07) Upcoming Rate Cut (17:37) Inflation and Bank of Canada Predictions (18:59) Landlord and Tenant Board Revamp (22:21) Tenant Rights and Lease Types (26:17) Navigating Tenanted Property Purchases (40:45) Challenges and Solutions for Sellers (44:34) Conclusion and Upcoming Episodes Show notes and Shoutouts Tolbooth Tavern https://www.tolboothtavern.co.uk/ Himalayan Momo House 2655 Yonge St Second Floor, Toronto, ON M4P 2J6 Speducci Mercatto 46 Milford Ave, North York, ON M6M 2V8 https://speducci.com/ Where You Can Find Us 🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/ 🖥️ Instagram Mark Savel: https://www.instagram.com/torontolivings/ Joey Virgilio: https://www.instagram.com/joey_torontolivings/ 🎙 Weekly Podcast https://podcasters.spotify.com/pod/show/toronto-real-estate