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I had several large expenses in 2013 and not sure if it is capital or current expense? Replace roof: the roof was leaking, too old and has to be replaced Add insulation to attic: the original insulation was too think and not enough so that it cause ice damming Replace hot water tank: the...

I just had small sewage backup in my Edmonton property. The plumber came last night and his snake was actually stuck in the sewer line and could not get it out. He said it is very likely the pipe is broken somewhere along the line. I call the city and they sent someone but they could not use...

I just got a small flood in my basement due to water leakage from the water tank. The total cost would be $2000 including replacing the old water tank. It is the first time for me to deal with insurance company, should I get them involved? My deductible is $1000.

Thanks for all above comments. They are very helpful.

I recently bought my first suited house in Edmonton and found that I underestimated the utility bill. I included the utility in the rent with average budget $400 per month, but the average bill was about $600. The details from last month: Electricity : $160 Water and wastewater treatment...

I need to replace the roof and also some finishing work for a carpenter in Edmonton. What might be the reasonable cost to put trim on a window? Thanks.

I am going to buy a house on 75 st in Edmonton, which is a quite busy street with lots of traffic. After putting a few ads on kijij for couple of days, I received very few responses. While at the same time I got lots of response from my townhouse on north east, even though the price is the same...

I am looking for some properties in Spruce Avenue and would like to hear some suggestions from you if you have any experience in this area.

I found it is so hard to find properties with positive cash flow in Edmonton. A typical townhouse will cost $185k. Suppose rent $1250. The expense would be $620(condo fee $250, tax $120, management $125(10%), vacancy $62(5%) and repair $62(5%)). Assume 20% down with amortization 25 yr at 5%...

I was contacted by a mortage broker from Ottawa with the following interest rate: - 5YR FIXED %2.94 OAC - 5YR VARIABLE CLOSED prime-.35%.OAC Is that true? 30 years amortization is available at this point for investment properties?

I am going to paint a property and if you have good experiences with a painter, please don't hesitate to recommend. Thanks.

Hello, I got an accepted offer on a foreclosed condo and there are no condo documents provided. The realtor said there is no special assessment against the property. How to verify this? Will the condo management company release these documents if asked(I understand that I have to pay them)? What...

Hello I am ready to buy a property in Edmonton and looking to work with a realtor who is also an experienced investor. Who would you recommend? Thanks.

Thanks for the great advice. How about Kernohan? Here is a piece of information from wiki:

I am looking for townhouses in Belmont but not quite sure about the tenant profile. Any experienced investors have comments on this neighborhood? Among the neighborhoods in zone 35, which one I should avoid? Any suggestion would be appreciated.