- Provides understandable monthly statements. - Promptly addresses reasonable tenant issues/concerns. - Brent

Good post! I`m only 30, but already don`t understand some sources. How does RSS work?!?!? I check the following on a daily basis: Websites canoe.ca edmontonjournal.com myreinspace.com edmontonrealestateblog.com nytimes.com torontostar.com and pulse 24.com (lived in Toronto for 6 years)...

Since multi-family is considered commercial (at least for financing), does that mean that rent is considered active income? Or is it still passive income? Brent

Just wondering if sellers are having any luck selling through Comfree or other private methods. MLS sales seem to be normal, but Comfree sales have significantly dropped off over the last few months. Comfree seemed to be real popular last winter when listings were low. With the massive inventory...

I`ve purchased a few properties that were in rental pools. The broker ended up using TD and Scotia, and the only confirmation that we had to provide was that the unit had a separate title and we would have full control it (ie. self manage or move in if we chose). Brent

A guarantee is one form of security that investors use in case things go sideways. That being said, they`re not worth the paper that they`re written on if you have no means of paying them back. Another option to protect the investor`s security is to register a caveat on title. This way they...

At this point I don`t think the home address is a huge priority. You may want it if/when you get the judgement. Having his work place is important because you might be able to garnish his/her wage. If you have bank info (from rent cheques), you could try garnishing that as well. Brent

I`m just finishing up a similar situation. The court gave me possession of my unit back, with a lot of the tenant`s stuff still in there. She appeared to be moving out--bed and furniture were gone, but bathroom/kitchen stuff and gerbils remained. The tenant ended up leaving the province for a...

Sorry to hear about the big amount. I went through a similar situation in October where the tenant `only` owed me about $2000. You can serve the tenant yourself or hire somebody to do it. I paid $50 for a process server to serve the tenant. I highly recommmend you hire that out--it can get...

I`ve heard from several people that it is ideal to have a building with at least 50-67% of the units having 2 bedrooms. What are the downsides to having a building that only has 1 bedroom units? Is it an issue when selling the building? Does it attract an undesirable group of people (ie. no...

This happened to me on a property earlier this year. Luckily I was able to get them to raise it after a few other comparable sales went through. I`ve seen a wide range in appraisal values. It`s the appraisers approximation of the value of the house based on its condition and recent...