I know someone in Toronto that does something similar to the senario posted above about the woman that does furnished executive condos. They pay the landlord a fixed monthly rent and furnish it themselves. They don't market executives but rather an alternative to airbnb. Location is key for...

Another option is to start with your target "tenant" demographic instead of an area. Who do you want to rent to? Student rentals will be a different neighbourhood than families or young single professionals. I find that once I understand who my tenant is helps me to understand where they want to...

Some people have posted numbers. Most don't. It is a public forum and not everyone may not want the whole world to have access to that information. I think that most members would be willing to share privately if it would be of benefit. I am happy to share with other members that are looking...

I think that potential tenants that are together, responsible, organized and prepared enough to show up with their own credit report are like you showing up at the bank with your investor binder. I understand not wanting to have my beacon score effected. If you are concerned that the info is...

A friend recommended this company in the past: http://www.torontofurnishedrentals.com/

that is so true Adam. Nice basement suites in a large urban center can attract great professional tenants and rent for more than a 2 bedroom house in less desirable area. Make sure that you know your potential tenant demographic before you start planning out your renovation and budget accordingly.

TD is the same, they don't do total number of properties they have a cap mortgage limit, which also includes total amount of HELOC available. The amount that the cap at is lower I believe maybe $1mil-$1.5mil, or at least that's what they capped me at.

I think it's funny, but what's best about it, is it made your tenants laugh and they felt comfortable sharing that with you, respected you enough to ask if you wanted it returned immediately, but ultimately trusted that you would see the humour and get a chuckle yourself. It shows that you have...

Greg, I agree that not all "additional costs" of renting out a suite in your home are discussed. They also don't take into consideration the interest payments on the money used to do the renovation in the first place. Where does this money come from? Does it get refinanced into a new...

Why would you say that he's a speculator? A speculator buys with the intention of creating wealth through increase in equity and is not focussed on cash flow. That is not at all what he is doing or suggesting on the show. He teaches home owners how to get additional cash flow from their (often...

Greg, the anticipated rents are typical of a nicely renovated suite in a good neighbourhood in Toronto, even as an unfurnished rental. There's a huge demand for nicely renovated rental units, and therefore easy to rent to A+ tenants. I don't look at it as being forced to put all my eggs in...

I'm wondering if anyone can help me do research on rents for a HOUSE in Burlington. It belongs to a family member and is located around Brant near the lake. It's a one bedroom plus den bungalow with an unfinished basement, 2 car parking, backyard. It's been completely renovated professionally...

I agree with Dan that 6 weeks is the "sweet spot" when it comes to advertising an apt for rent. The other thing that I have noticed is that different apts have different "lead" times. For larger, more expensive apts, usually 6-8 weeks is ideal. For smaller, less expensive apts, 3-4 weeks...

regarding tankless...I looked into this in the past with a triplex and my heating guy suggested that each apt would need it's own tankless unit due to the fact that each apt had a dishwasher/washing machine. If you do decide to go with a tankless, check with your heating guy to ensure that one...

No one? I'm really the only person that this has happened to? Okay, the bank said it's never happened to them before either, so I guess I have to believe them. LOL. Hopefully no one else ever will, but here's what I learned from it, for anyone who does give their bank post dated cheques to...