🎧 Rent to Own Failures, Tenant Discounts & Legal Lessons

Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

Today's episode dives deep into the realities of creative real estate strategies. Wayne and Gabby wrap up their story about a failed rent to own deal, answer listener questions about rental discounts and late rent enforcement, and share the hard lessons learned about legal protections, caveats, and overholding tenants. This is a must-listen for any investor who wants to avoid costly mistakes and structure deals the right way.

🧠 What You'll Learn in This Episode

• How one rent to own deal failed and the legal battles that followed

• Why proper paperwork and legal systems protect you from unlawful caveats

• The importance of reserve funds when tenants overhold or stop paying

• When (and if) to offer a rental discount to secure a fixed-term lease

• Why month-to-month tenancies can create problems for landlords

• How to deal with repeated late rent and whether 14-day notices are effective

• Why perspective and authenticity matter in creative real estate strategies

• Practical steps when converting your home into a rental property

👥 About Your Hosts

Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice.

💡 Resources & Contact

Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & Tax help: www.finngo.com/rei Submit a question: [email protected]

Get the 5% Rule™ book on Amazon: The 5% Rule™ – The Real Estate Cash Flow Test Order Now → https://a.co/d/3Xrcnhw

🤝 Thanks to Our Sponsors

🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook

🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca 🔗 Facebook

📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook

💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook

🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268