Buying a property with tenants in place? It can be a great deal — or a massive headache if you're not prepared. In this episode, we break down everything buyers need to know before purchasing a tenanted property. From eviction rules to negotiation strategies and crucial contract clauses, we cover real stories, expert tips, and hidden risks that could impact your next investment or home purchase.
✅ Whether you're a first-time buyer or seasoned investor, thisepisode will help you protect yourself and your money.
************************
0:24 – Intro
1:24 – Buying tenanted properties: risks & considerations
2:24 – Market trends: Why so many properties are tenanted or vacant
5:19 – Negotiating leverage & making clean offers
6:31 – Why tenanted properties attract fewer buyers= opportunity
7:07 – Offer strategies to secure a better deal
10:18 – Standard vs. customized clauses to protect buyers
11:11 – How we negotiated $50K off a tenanted property
12:32 – Landlord tip: File eviction notices & L2 forms ASAP
15:13 – Why lease agreements & due diligence matter
16:56 – Are tenanted properties good for first-time buyers?
18:25 – Spotting desperate sellers & hidden deals
19:08 – Outro/recap
************************
Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here:http://www.instagram.com/kormendytrott
************************
Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
************************
In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us forbehind-the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!