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  1. R

    Correcting Mpac - Good idea?

    Thank you Thomas and Matt. I understand you both recommend appealing. Thomas, is there any company in Ontario you recommend for this purpose? Regards, Neil
  2. R

    From Coin Laundry to Rent+Laundry?

    Good idea Matt, can you please give an example of a clause for some courtesy rule? Thank you
  3. R

    Correcting Mpac - Good idea?

    Hello, Mpac has doubled(!) their estimate of our apartment building's value from 2012 to 2016. We found they did it based on the wrong utilities costs. Our utilities costs are unfortunately double their estimate. Therefore, the property's value is lower than MPAC thinks. Should we request...
  4. R

    From Coin Laundry to Rent+Laundry?

    Hello, My business partner has a 20-Plex in Ontario. He has a suggestion to switch from coin operated laundry to asking tenants to pay extra, say $20 per month, for using the laundry room. In the laundry room, he has 2 dryers and 2 washers. Unfortunately, it has been broken into twice in 2...
  5. R

    Commercial Mortgages - are Renewal Rates higher than Refinance Interest Rates?

    Not sure I understand your answers. Bottom line - is the bank lying or not? Thanks :-)
  6. R

    Commercial Mortgages - are Renewal Rates higher than Refinance Interest Rates?

    Hello, A friend of mine tried to refinance an apartment building mortgage he has with one of the big banks in Canada. His mortgage term ended so was time to renew or refinance without penalty. He was unable to refinance with them as their appraised value was not high enough. So he asked just to...
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    First time investor in ON. Suggestions?

    Hello, Answering the following will help you decide and take action: - Where do you live? - Why do you want to invest where you live if the properties you own in the US already have a complete turn key solution? Not that it doesn't make sense to buy in Canada but what does not work for you in...
  8. R

    Tenant Wants to Extend Deck

    Ok Thanks All
  9. R

    Tenant Wants to Extend Deck

    Hello, A friend has a dilemma - his tenants who live in a 4 bedroom apartment in a triplex, asked if they can extend the front deck. I think they want to do that mainly for additional storage as they have Lots of items in the apartment which they collect and no room to move freely or for any...
  10. R

    Lawn Maintenance Neglected By Tenant

    I don't understand this landlord's complaint. None of my tenants take care of the lawn. You pay $30 for grass cutting that's it. I am sure I am missing his point/what the problem really is.
  11. R

    Fire Escape Painting

    Thank you Thomas for clarifying this. So visible fire escape maybe yes. The cat walk in the roof that nobody can see - no. From your first post I thought no to all. Kfort and Thomas, The question is also about proper maintenance of fire escapes. How often do you recommend scraping and painting...
  12. R

    Fire Escape Painting

    I thought you buy ugly buildings and improve them. If the place looks nicer, you can attract better tenants or/and fill vacancies faster. Now, if you have zero vacancy, then you are correct - perhaps do nothing. Thanks
  13. R

    Fire Escape Painting

    Hello, When painting an old fire escape in an apartment building, would you paint the cat walk too? Scrape and paint helps maintain it for longer or mainly done for cosmetic reasons so the building looks better? If the last, the cat walk is not part people or even tenants can see as it is...
  14. R

    Landlord Beware! - the importance of tenancy/reference checks

    If it comforts you, being a criminal actually means having a pretty difficult and stupid life.
  15. R

    Landlord Beware! - the importance of tenancy/reference checks

    Good example and reminder. They sound like criminals. Shouldn't we, as landlords, report such xxxxbags to the police/authorities? Thanks
  16. R

    Good Evening, bedbugs anyone

    Ontario's law is similar. Correct, they would not be willing. Is there any risk taking the case to court asking the tenants to pay Half? In other words, while it may be uncommon to ask (even disgusting) tenants to pay for bedbug treatment, is it also unreasonable land-lording? In other words...
  17. R

    Good Evening, bedbugs anyone

    Hello, Good evening, A friend has rude tenants in one of his apartments. They curse him loudly, often, and tell everyone they know how much they hate my friend. Most of his other tenants will say he is the best landlord they have ever had. Now the rude tenants found bedbugs in their apartment...
  18. R

    Bad Barrie Manager

    Hello, May I ask, if your company is so honest, how in the world did you surprise Mrs. Cooke with a $3,000.00 bill without first getting an approval from her on the expense? Don't you include in your agreement with your clients/landlords, a pretty basic clause requiring you to get the owner's...
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