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  1. W

    Would you rent to a tenant with this credit score...?

    You should definitely rent to someone with a beacon or fico of 425. Think of the good you`re doing. Your friends get to laugh at you, your spouse gets to hold you in utter contempt, everyone who ever `warned` you about real estate will feel vindicated. You`ll get to experience the eviction...
  2. W

    Should I rent to this tenant?

    You are in the business of providing a service to those who can both afford it and willlingly pay for it, with the added benefit of being a long-term client who can help increase appreciation. You are not in the business of uplifting the downtrodden. That last line took me six years, three...
  3. W

    Christmas Gifts for Tenants

    You guys are stealing all my thunder from my upcoming seminar at the Durham Region of REIN members, but here are a few ideas for giving your tenants thousands of dollars of gifts not just a Christmas, but every month of the year. First, team up with a few other REIN landlords, there is strength...
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    HOLY $@$% I`m a TV SHOW HOST

    Brian, you`re to be congratulated, sincerely and with no small element of admiration. Take a few weeks, bask in the glow of celebrity, enjoy your newly found notoriey, you deserve it. Then ask yourself a Jim Rohn question (I know you`re fond of him, and rightly so). Is this new situation...
  5. W

    Tenant has become disabled

    I`ll start my rant by saying my wife is severely disabled. She needs a wheelchair to get around and stairs are virtually impossible. If one of our tenants became disabled, there would be no way we`d start down the slippery slope of renovations to accommodate the disability. It starts out...
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    Ontario Landlord`s Beware

    The comments here are outstanding. Each of them contains solid information. And we`ve all ignored it, to our dismay, at one time or another. Can you make applicants jump through hoops at the beginning to ensure you get the best tenants? Well, you can certainly do a few things that will swing the...
  7. W

    Neighbour`s letter is Accusing my Tree`s Roots of Causing Fungus in their Flowerbeds.

    The quick solution? Talk to a lawyer and find out what you must do to comply. Then communicate with your neighbour, in a letter. Don`t be even remotely sarcastic. Always polite, always kind. You`ll probably need them on your side for something in the future. So don`t fire back that their deck...
  8. W

    Ottawa painter needed

    I need a painter in Ottawa (Glocester), who can do a relatively small ceiling. Any contacts out there? Cheers, Steve Manning
  9. W

    Renting 2nd house out! Help!

    Hi! Here`s a flyer that brought a flood of calls, (some I had to answer before I had finished distributing all the flyers). Remember that you`d pay a realtor or a tenant finder 80 to 100% of a month`s rent to do the job, so make the reward worth while. The only thing I would have added to make...
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    I`m the new guy

    Hi Joe! As you read the replies to this post, you`re witnessing one of the great strengths of the membership: the sheer volume of useable information from people who have done it, are doing it and will share their discoveries. There is an abundance of information at the monthly meetings...
  11. W

    Heating costs - gas vs electric

    As has already been mentioned in this thread, logical thought isn`t always what you`re dealing with. Over the past few years... okay, decades, most people have found that heating by natural gas has been less costly compared to what their friends or neighbours pay with electricity. But their...
  12. W

    Rent to Own

    There are as many different ways to structure an RTO agreement as there are folks who are doing it. Each one is probably slightly different from all the rest, so keep that in mind. Two documents: a lease, much like the lease you`re using now, and an option to purchase. The tenant gives you...
  13. W

    Tired of no shows?

    I`ve got to say that since we started using this strategy several years ago, it has worked incredibly well. Yep, ask them to call you 1-hour before the showing time to confirm that they will be there. "If you don`t call, I certainly understand. We all lead very busy lives. But if you don`t...
  14. W

    My first rental ad

    Okay, Don`s the master. But let me give it a whirl... this one assumes you have unlimited ad space... A home your friends will envy, your family will adore, and your neighbours will wish they had… Magnificent condo in a serene boutique building in the heart of the leafy, vibrant Annex...
  15. W

    Totally new to real estate investing and looking for guidance

    Hi! Ask questions, ask questions, ask questions! And keep asking until you get a concensus for the answer. Use this website relentlessly. Attend REIN meetings and bring your list of questions with you. Go up to groups of people and simply ask, "Can anyone help me with a question I`ve got... and...
  16. W

    Realtor Service

    Hi All! My wife and I have been seriously buying and selling houses for six years now, and I guess I`m missing the boat when it comes to realtor service expectations. I haven`t found a single one who does a thing for serious investors. They ask you what you want, they look on MLS, then tell...
  17. W

    Bounced rent cheque

    Hi all, Boy, if I had a nickel for every time I wanted to give the tenant the benefit of the doubt... Unfortunately, I`m a really, really nice guy. My wife say`s it`s my downfall as a landlord. If you want your tenants to act in a specific way, you have to train them to act in that way. You...
  18. W

    Robert Allen

    Hi Mike! I don`t like passing judgement on anyone without concrete facts. Particularly in a public forum. Part of being a good investor is doing your own investigation and not depending on rumors. But I will say, from first-hand knowledge, that the information provided by REIN is simply...
  19. W

    What need do you have for cleaning company and how much would you pay?

    Hi Jason! One of the biggest mistakes people make when they start a business is that they go to the competition, find out what they are charging, and then set their price a little above, or, more usually, a little below, what they`ve discovered. That`s just rubbish. You charge what you want and...
  20. W

    Need expert advise

    Oops! Sorry. Calgary, not Edmonton. Cheers, Steve Manning
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