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Recent content by georgefung

  1. georgefung

    How often should the furnace filter be replaced?

    Hi Susan, One of my properties with a furnace is managed by a 3rd party property manager. Utilities are in the tenant's name. In my initial welcome letter to my new tenant, I clearly encouraged the tenant to change the filters as often as every month by mentioning the following in my...
  2. georgefung

    Excellent tenant can`t afford rent increase - what to do?

    An old topic, but very relevant to today. I'm going through the very same thing right now. I have an excellent tenant that I don't want to lose. I didn't want to rescind on the rental increase, since it would make me appear indecisive. Instead, I'm considering offering a rebate of half...
  3. georgefung

    Landlord Tips from a Tenant`s Perspective

    Fluff or no fluff, the sole fact that this article is targeted to and read by tenants and prospective tenants makes it worthwhile to keep in mind. I think we all know individuals who believe everything they read on the internet, so there will certainly be some tenants out there who will...
  4. georgefung

    Monthly Inspections

    Sorry... perhaps I should have started a new thread with a different tag line, instead of continuing this thread. I, personnaly, do the inspections every 3-6 months, like most of us (I think). I usually ask my client if there are any other issues from a proactive maintenance perspective, so...
  5. georgefung

    Monthly Inspections

    Would anyone have a spreadsheet-based or similar checklist that they would be willing to share? I'd like to go into my maintenance inspections with a more thorough agenda of items to inspect. I'm one of the unlucky ones who didn't win a free year of REMA. Thanks. George
  6. georgefung

    Mortgage Renewal Options

    Just to share an experience I had, long before I joined REIN, I was in a similar situation. My principal residence mortgage was due for renewal, and my bank offered what appeared to be the posted rate (not a very good rate at the time). I knew I had at least a month to think about it before I...
  7. georgefung

    What Does 0.25% Mean To You And I

    Thanks, Mark/Mike: That makes everything clear, and confirms my own rationale. The strategy that Mark explains is straight-forward, and Mike`s quick numbers make sense. It`s so great to be able to confirm these basic principles through the forum. George
  8. georgefung

    What Does 0.25% Mean To You And I

    Sorry, Wade/Adam: I`m not clear about your answers to Kornel`s question. I believe that I`m in a similar situation as Kornel with my first property. I`m 100% leveraged, having paid the 20% down payment with my HELOC, and have the remaining 80% on the mortgage. Contrary to Wade`s...
  9. georgefung

    Information to be provided by landlord

    I`m closing on my first property next month, so I`m still a rookie at this. I`m planning on giving it to my tenant, stating that I`m required by law to provide this information, but will state that I will be available for any open communication. Hopefully, this will make the LTB the last...
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