I've had rent receipts requested frequently during tax time in Ontario. I have a simple letter format which has all the applicable information on it, including a table which has amount of rent and the date received each month, as well as the total for the year. Saves all that copy pasting and...

Greg - I am only refund a 1/3 of the usage - good catch. I just plug all the numbers from the copies of the bills into a spreadsheet and it gives me a total excluding delivery, hotwater rental, late payment charges, etc at the end of the year and I refund 1/3 of that. I've done some...

I have a similar situation in a triplex where each unit has separate hydro meters and they are renting + hydro, but the main floor unit hydro costs include the A/C in the summer and furnace fan and eavestrough heating cables in the winter. I previously lived in the unit so I had a year and a...

Sorry for the delay. Missed the replies. At this point, 3 years in, I am happy with my decision to approach things this way. It's given me a real hands-on feel for the business. A couple of things I learned along the way... 1. Your neighbours that share walls/ceilings/floors with you...

Definitely possible (or it still was in 2012). It does depend on the size as previously mentioned. I purchased a triplex in 2010 with 10% down (moved into one unit) and a duplex in 2012 with 5% down (moved into one of the units). At the time I was advised by my mortgage broker that for a...

In Ontario, 60 day notice is required by the Residential Tenancy Act. Assuming a monthly tenancy: "Period of notice, monthly tenancy (2) A notice under section 47, 58 or 144 to terminate a monthly tenancy shall be given at least 60 days before the date the termination is specified to be...