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Recent content by SamEfford

  1. S

    RTO Exit strategy on optioned house

    What if this was an AFS? How would that change my strategy?
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    RTO Exit strategy on optioned house

    Thansk Chris, I have not had this problem with tradional tenants, which implys that with an RTO tenant with a financial stake in the property than would be even less of an issue.
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    RTO Exit strategy on optioned house

    Thank you for the replys.
  4. S

    RTO Exit strategy on optioned house

    Can someone help me bridge a gap that I have been struggling with? Suppose I was to option a house and my exit strategy was RTO; however no RTO prospects presented themselves immediately. Would your preference be to keep the home empty and wait for the RTO, or rent the home under a...
  5. S

    Automatic Debit For A Rental Property?

    ATB has an Electronic Funds Transfer system in which you can debit accounts for rent etc. The debit account can be at any other bank.
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    property management

    The best advice I have ever had was "Think like a renter". What is your tenant looking for? What attracts them.
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    Time to Winterize Your Trees

    Thank you for the great advice Brent.
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    TD Ins won`t cover water damage...30days vacant.

    My insurance company, AMA, asked how often the properties would be inspected if vacant as it must be inspected every 30 days according to their policys. Seems AMA has the same policy as TD.
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    Unemployment Drops in Fort Mcmurray

    I tell all my JV partners that Fort McMurray is in its own bubble. Things happen differently here.
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    Heating a Concrete Condo from the Ceiling - in Vancouver

    Thomas, You can get an electric radiant heat system that mounts in your ceiling and radiats heat downward. I cannot remember the name right now, but I will find it and let you know. EDIT: Try this link: Ceiling Radiant Panels
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    Financing

    I have no idea, but that is why I use them - they get results.
  12. S

    Financing

    Recently, I had my wife`s cousin who is a Mortgage Broker ask for some business from me. Since he is family, I offered him a deal that I was working. He was unable to get me the financing through a major bank. I then contacted my usual broker (Peggy Wong at Peter`s Kinchs office) who closed...
  13. S

    More difficult lending environment ?

    I have had no problems getting new mortgages. I have 2 offers in right now and just closed 2 weeks ago on another. Ever since ACRES i have been on fire!
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    Rolling Possession Dates

    At the ACRES weekend, a "Rolling Possession Date" was discussed as a way of giving the seller an extension on the possession date. Does anyone remember the wording of the condition?
  15. S

    Why is Edmonton the #1 top ten town?

    Cash flow is only part of the equation. The fundamentals and growth are also key.
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