What is Cash For Keys? How does it all work? Is it worth it? Listen to a legal expert break it down episode artwork

EPISODE · Oct 30, 2024 · 13 MIN

What is Cash For Keys? How does it all work? Is it worth it? Listen to a legal expert break it down

from CRESI Ontario Landlord Series Podcast · host CRESI Ontario Landlord Series

Ontario Landlord Series | Episode 1 with Robert Di Lisi Want to know how savvy Ontario landlords are avoiding 8+ month eviction waits? In this episode, professional paralegal Robert Di Lisi reveals the controversial but 100% legal 'Cash for Keys' strategy that's helping landlords sell their properties more easily - and why it's actually saving them money! 🏠 Discover: - Why paying tenants to leave isn't "extortion" - How to avoid devastating delays at the Landlord Tenant Board - Tax advantages most landlords don't know about - The secret to selling tenanted properties faster - Win-win strategies that benefit both landlords AND tenants Whether you're a seasoned landlord or just getting started in real estate investing, this game-changing strategy could save your investment portfolio. Don't let problem tenants drain your bank account - watch now! 💼 Featured Expert: Robert Di Lisi from Stonegate Legal Services https://stonegatelegalservices.ca 🎙️ Host: Kevin Breitner https://cresi.ca https://www.facebook.com/CRESIRealestate/ 0:00 - Intro & Guest Introduction 0:45 - What is Stonegate Legal Services? 1:19 - Understanding Cash for Keys: Basic Definition 2:00 - Common Misconceptions About Cash for Keys 3:30 - Why Would Landlords Pay Tenants to Leave? 4:00 - Example #1: Selling a Tenanted Property 6:00 - The Vacant Property Advantage 7:14 - Tax Implications & Capital Gains Considerations 8:12 - Example #2: Non-Paying Tenants 10:40 - Success Story & Quick Resolution 11:22 - Benefits for Landlords 12:00 - Benefits for Tenants 12:38 - Closing Thoughts & Contact Information

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What is Cash For Keys? How does it all work? Is it worth it? Listen to a legal expert break it down

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