Saturday, December 12, 2009

Who Wants To Maintain Slums In Monteal?

Thevy Kandasamy holds up a notice left by Montreal inspectors after visisting her apartment in the Côte des Neiges borough. Photograph by: Pierre Obendrauf, The Gazette

The City Of Montreal Says It's Lowering The Boom On So-Called "Slumlords"... -- CJAD

Montreal Executive Committee member Michael Applebaum, responsible for housing issues, wants to get tough on all so-called "slumlords" in the city, and he's starting with one particular landlord: a certain Robert Sebag.

Applebaum is giving Sebag until next monday at noon to start cleaning up and fixing up two run-down apartment buildings on Vezina street in Cote-des-Neiges.

Read more ....

Update #1: City to help tenants in rundown building -- CTV
Update #2: Montreal to seek tougher housing regulations -- Montreal Gazette

My Comment: My father owed a number of rental properties 30 years ago. Duplexes and triplexes that were in good neighborhoods and locations. After a dozen years he sold everything, with the exception of the building that he lived in.

His reasons why were simple .... it does not pay. Repair work, taxes .... and then more taxes. Bad tenants who have no interest in paying their rent, but are also oblivious to the damage that they may be doing to their appartments. Complaints and demands that make no sense. Rental boards and government restrictions on how high you can raise rents .... which never came close to making up for the increases in taxes and expenses.

I can list a hundred reasons why it is pointless to a landlord in Montreal. As for the above story on this landlord having problems with his tenants and the City .... it is obvious on why he has thrown in the towel.

Like what my father realized a number of years ago ..... it just does not pay. A fact that the tenants, the City, and the media are completely clueless in understanding.

No comments: