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Recent content by Mike56

  1. M

    Property Manager in Kawartha Lakes, Ontario

    Hello, Could someone recommend a property manager that manages apartments in the Kawartha Lakes area. I acquired a building and after three months I am not pleased with the level of service that is being provided.Thanks in advance for your comments.
  2. M

    Noise issues if I use laminate flooring throughout?

    terri, What are you using to insulate between the levels of the house and does it eliminate the noise? Thanks, Mike
  3. M

    interest rates in 5 years - Garth Turners predictions

    Peter, You are correct in your statements and the government presure in this area is extreme. Mike
  4. M

    interest rates in 5 years - Garth Turners predictions

    Big Babba, Do you think the banks want to own these 25000 homes. I can tell you it a close community in the banking world with the big 5 and there is a lot of presure from Ottawa on lending. This is similiar to a number of situations that occurred in the US and what they did for the people that...
  5. M

    Playground Liability

    I have just purchased a twelve-plex, all three bedroom units and as a result there are 20 young children between the ages of one and eleven. I would like to do something for them and I was considering one of those playgrounds, with the slide swings a fort at the top ans a few other activities...
  6. M

    interest rates in 5 years - Garth Turners predictions

    Thomas, Well put.... agreed Mike
  7. M

    interest rates in 5 years - Garth Turners predictions

    Let me put it another way, if the US wanted to see rates remain low they could effect the market rates by flooding the market with liquidity as they are currently doing. With a surplus on capital in the markets this would put presure on interest rates in the US to keep rates low. If they removed...
  8. M

    Calling on the experienced...

    Matt, I have two main thoughts that I would like to point out as a young non-citizen purchasing realestate in the US. The property taxes charged to foreign owners are higher than that of a permanent resident, and if you make a profit on the property it is taxable. The bigest item is you had...
  9. M

    interest rates in 5 years - Garth Turners predictions

    I would say that Garth Turner is way out of line with his estimate. The main factor that will drive interest rates will be the price paid for US securities. Now US securities can not afford to rise by more than two to three percent over the next three years as the US debt will not be reduced by...
  10. M

    Ontario`s Blended Sales Tax

    Greg & Housingrental, I would agree with both of you unless you are involved with social housing were the utilities must be included in the rent to the tenant and there is a rent cap which is in place that does not allow for any increase unless the cap is raised by the municapality that operates...
  11. M

    Heating equipment

    Thank you for all the useful information you have supplied. Just to give you some additional information these units are under contract with a government social housing program for the next 8 years. One of the conditions of the contract is that all utilities are covered by the landlord and...
  12. M

    Heating equipment

    I am looking at a multi-unit property that is currently heated with 30 year old baseboard heaters. As the heating is paid by the landlord I am thinking that there would be an opportunity to reduce the electric bill by replacing these units. I am looking for input by anyone who has experienced...
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