As many others commented, it usually doesn't get better when tenants are consistently and constantly late. You really have to take action and understand that you are better off either asking the tenant to leave or going through the eviction process and finding tenants who are less problematic...

QUOTE (DaveRhydderch @ Jul 14 2010, 09:30 AM) I did this in the past and used the same standard lease (as in the REIN documents) and made any changes as needed - i.e "house rules". In this case, you are operating under the inn keepers and not the residential tenancy act and do have more rights...

QUOTE (toy @ Aug 4 2010, 03:46 PM) Hello fellow investors... i am looking at buying a property in the Ogden area of Calgary Alberta. I talked with an appraiser today and he told me about a class action lawsuit regarding TEC Contamination in the Ogden area and that I need to be careful buying...

QUOTE (myme22 @ Apr 10 2010, 10:42 AM) Hi In BC, the roommates fall under the same category as hotel renters (that can be asked to leave with NO notice. They are technically called licensed occupants. Of course, you have to deal with them in person, which makes it important to have a courteous...

QUOTE (kennicoll @ Mar 10 2010, 04:44 AM) hi vic we had placed our rrsp funds with olympia. the funds were to be invested in a project in the crowsnest pass. it appears the project is in financial difficulty with mine and lots of other investors about to lose al there funds. ken I have dealt...

QUOTE (retiredby50 @ Mar 9 2010, 07:56 AM) My brother and I found an interesting situation in the Calgary area lately regarding foreclosures. It`s not so much that the banks won`t take below asking, it`s that they don`t have to. We`re interested in handyman specials and have gone after three...

QUOTE (UTCVenturesLtd @ Jan 3 2010, 01:00 AM) I seem to be getting in on the foreclosure track although i think that the banks really want close to the market value so there would be not much of spread for an investor to jump in on them to buy and flip. The preforeclosures on the other hand...

QUOTE (Dan_Eisenhauer @ Jan 5 2010, 11:06 PM) When taking an application from a prospective tenant, get a SIN, date of birth, and vehicle license numbers. This information will make it much easier to obtain, and ultimately, collect on a judgment. The tenant has the right to not give you a SIN...

QUOTE (thoyem @ Dec 17 2009, 06:03 PM) Hi all, I have a tenant smoking in my basement suite. I have warned her twice verbally. I am in Alberta. What are the legalities of eviction in this province. She also has an unauthorized person living there. Any suggestions?? If your lease specifically...

QUOTE (invst4profit @ Dec 10 2009, 06:40 AM) Normally I would say evict ASAP. I would use Christmas as leverage. Bottom line in this case is what is your true intention. Do you want to force your tenant to pay or are you intent on evicting. If you evict will your unit be vacant through January...

QUOTE (RJackson @ Sep 1 2009, 04:04 PM) I was in discussion with a rental web site provider. His reported his site has 1100 houses for rent in Calgary. He reports 10/day are rented. We have a t/h duplex for rent - ykkss We`ve had more emails from South Africa (pranks) then real people looking...

You can also use your TFSA to invest in Mortgage Investment Corporations (MIC), land banking projects and land development projects. As far as into a single rental property basically no. If you are considering the other options I listed let me know and perhaps I can help. If you don`t know what...

Great letter Thomas, I wrote a couple articles about Rent Control in a local paper I write for and include some rent control examples from New York. Here is one of the articles, New York is perhaps the most famous city in North America for its Rent Control situation. Enacted originally in...

QUOTE (seanverret @ Jan 14 2009, 11:18 AM) Then in future I can simply bring him one of my A, B, C, or D keys and get extra locks made etc. Am I assuming correctly? The lock man should be able to give you a set of codes for other locksmiths to recreate the locks in the system for you. The only...

I`m a little confused by the subject of this discussion. I have read the article Jack linked to several times and it doesn`t mention Mass Foreclosures anywhere. It actually says "the "most likely outcome" is for markets and credit conditions in Canada to gradually improve as extraordinary...