Episode 37

37 - How to Handle Pests on Your Investment Property

Episode Summary

In this episode of Get Real Wealthy Season 2, Quentin talks about pest problems on an investment property and how you can handle them.

While not a fun subject, Quentin says that taking care of bedbugs is crucial. When looking for signs of bedbugs, first of all, you want to talk to people who are staying there, and ask if they have little bites on their skin, or are there little brown spots on mattresses in different locations. He adds “when this happens, you really need to work with tenants quickly in order to identify what the problem is, solve the problem, you got to take action.” If you have a situation where you see bedbugs, you need to call a professional right away, don't handle stuff yourself, it's not worth it. It also depends on the type of treatment required to rid the property of the bugs.

He adds that sometimes, you deal with tenants that have mental health issues. In such cases, you need to follow through with the forms that are required, through the landlord tenant board in your area so that you can either get the tenant out, get the tenant help, or get the tenant to help you to do what you need to do. Quentin adds that the other challenge is carpenter ants. Ants that you see often on buildings inside buildings, around wet damp wood. They eat the wood, and it can cause serious issues.

If you spot any carpenter ants, you want to look for leaky areas, and moist areas, and work with tenants immediately to solve that because if you have carpenter ants for an extended period of time, it could cause structural issues to a property. In conclusion, he adds that as a real estate investor you need to take action, and perhaps work with a professional to handle bug problems before things get out of hand.

Important Links and Resources

·        https://www.instagram.com/qmanrei 

·        quentin@getrealwealthy.com

·        https://EducationREI.ca

·        https://GetRealWealthy.com

·        https://DurhamREI.ca

About the Podcast

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Get Real Wealthy
A Real Estate Investers Journey

About your host

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Quentin DSouza

Quentin D’Souza is a multiple award winning Real Estate Investor, and a trusted authority on real estate investing. He is an Ontario Certified Teacher and holds two university degrees, which includes a Master’s in Education. Quentin has appeared on local and national television and radio, interviewed in national publications, and has been a keynote speaker to large audiences of real estate investors. He owns a real estate portfolio in excess of $80 million dollars of assets under management across Canada and the US and transacted on 80+ properties since 2004. Quentin is the author of several books available on Amazon. He is also mentors real estate investors as the Chief Education Officer of the Education for Canadian Real Estate Investors and Durham Real Estate Investors Club.