The Shocking Truth About Being a Landlord in Ontario (Nobody Talks About This!)

Welcome back to the TNT Real Estate Podcast, where we break down the real costs of being a landlord in Ontario—and it’s not all passive income and easy cash flow!

🏡 Thinking about buying your first rental property? Wondering what it really takes to survive your first year as a landlord in Northern Ontario or anywhere in Canada? In this episode, Tyler and Tanya dive deep into the financial, emotional, and legal realities of real estate investing—from surprise snow plowing costs to eviction battles, property maintenance, and tenant screening nightmares.

We also share a hilarious (and slightly terrifying) story about a tax sale gone wrong, boundary disputes, and pigeon-infested attics. Plus, Tyler gives his #1 tip for new landlords—and it's not what you'd expect.

Timestamps
0:00 – What Every First-Time Landlord Needs to Know
0:54 – Tax Sale: Pigeons, Boundaries & Lawsuits!
2:40 – Would YOU Buy a Boarded-Up Property with a Legal Dispute?
3:29 – What It Really Costs to Be a Landlord
4:04 – Why Cash Flow Isn’t Just Rent Minus Mortgage
5:00 – Snow Removal, Repairs & Other Hidden Costs
6:08 – Formula for Vacancy & Property Reserves
7:49 – Tenant Turnover Costs You Didn’t Budget For
9:01 – Legal Costs & Eviction Battles in Ontario
10:01 – The Emotional Toll of Being a Landlord (Is It Worth It?)
11:12 – Should You Hire a Property Manager or DIY?
12:28 – Final Thoughts: Treat Landlording Like a Business
13:19 – #1 Tip for First-Time Landlords

👉 Whether you're a first-time landlord, a seasoned investor, or just curious about what it’s like owning rental property in Ontario, this episode is a must-listen!

📌 Make sure to subscribe, like, and drop a comment if you’ve got a horror story or golden nugget from your landlord journey!

👉 Subscribe for more real estate updates and neighborhood insights!

Follow us in our socials:
Tyler Peroni | @tylerperoni
https://www.instagram.com/tylerperoni...

Tanya Vanden Berg | @tanyavsudbury
https://www.instagram.com/tanyavsudbu...