Hello. We have sold a rental property with a rented quad garage in central Calgary. It has to be delivered empty, so the garage tenant needs to move his stuff. He has been renting from us for 8 years and is a good, consistent tenant. Please contact me if you have a quad or a double garage...

Note that all wind turbines are NOT created equal. They come in all different shapes, sizes, and noise levels. Perhaps the issue sometimes is the type of turbine? I do agree that having 30 very, very tall ones in your sight line may be annoying and devaluing. Part of the issue is what to do...

Your job in retirement is to manage the assets that allow you to be retired! By managing our RE (and other) investments now, we are getting a good pool of experience for our second career: managing those assets.

QUOTE (Sherilynn @ Jun 3 2010, 11:57 AM) We keep the utilities in our name. Tenants sign a "utilities agreement" and pay a fixed rate ("subject to adjustment") with their rent, so utilities are paid in advance. Both the utilities agreement and the lease state that non-payment of utilities...

Patrick Francey, in one of his "treat Real Estate as a business" talks at a REIN meeting, gave as a piece of homework: For the next property you purchase, write down absolutely everything you do right from the search, through acquisition, management and eventually sale. It sounds to me as if...

QUOTE (RedDeerWilliam @ Dec 13 2009, 07:55 PM) Thank you Mark, I`ll add that to my notes and ask my lawyer about that option as well. Perhaps though an Agreement For Sale might even be better than that?! An Agreement For Sale or a Buy-Sell Agreement are methods for taking control or purchasing a...

If you are worried about your ability to sell the property on, have you considered buying an Option To Purchase instead? That gives you a window of opportunity to sell the option to a wholesale buyer for a specified price. If you are unable to find that buyer, your loss is the amount you paid...

QUOTE (Jim @ Dec 11 2009, 01:12 PM) Thanks Thomas. What I am getting at though is that because the payments change every month, in an Agreement For Sale how do we best account for those changes when writing up the agreement? Is it best to set up a new bank account with the seller and have auto...

QUOTE (neill @ Oct 25 2009, 10:02 PM) PS - I have in my notes to call Mellissa on Nov 18th to see how her action steps are progressing - and I will! If I was Mellissa, I would have my phone forwarded to my selling answering service... "If you are calling regarding the Ron LeGrand checkup...

Lets say your rent-to-own tenant decides to execute the purchase after 10 months on a purchase price of $100,000. He would accumulate 10 mos x $300/mo = $3000 of deposit. You "match" 10 mos x $300/mo = $3000 towards purchase price. The actual Agreement for Purchase and Sale would...

QUOTE (MarkTorgerson @ Oct 26 2009, 02:37 PM) Interesting comment. May I ask how the seller contributing on a monthly rent to own payment would be any different? For example, a renter pays an extra $300 per month on top of rent and the seller matches that payment and attributes $600 per month...

Hello all Calgary and area investors. The City of Calgary is having a lot of trouble seeing the wisdom in secondary suites even though one of its stated goals is to increase the availability of secondary suites. They have launched a new survey: City of Calgary Survey on Secondary Suites Please...

A professional flipper would be looking to get it for around the $175k range. (I`m assuming that the repairs are mostly cosmetic based on your "dated" description) That gives them room to fix up, holding costs, marketing, etc and still have a little profit. So if the flipper wants to pay $175k...

We removed ALL the inside walls on the main floor of our personal residence but only AFTER an engineer came by and confirmed that they were indeed NOT load bearing. Also a note from hind-sight: removing the walls were easy. We expected to patch the flooring and ceiling. However, don`t forget...

I did locate the following for creating, addressing, stuffing your letters based on a mail list you provide. It`s $0.99 per letter without stamps. http://yellowletterscomplete.com/yellow-letters-in-canada/ I`m positive I heard someone at the seminar talking about a yellow-letter type of outfit...