I`ve recently had a tenant that ran away and left substantial damages to the townhouse. My property manager said they will take them to court to pay for the damage and rent. Has anyone had their property manager do that for them before, and can they really do that on my behalf? I don`t live...

Hi All, It`s been a while since my last post. But I recently had a tenant who took off without a trace and when the PM went to the townhouse, they found a mess and some big damages. The mess is fine, but some of the damages include hardwood floor squre tiles being ripped out of the floor and...

After the previous PM from Libertas resigned from his Job I was assigned another Liaison. This one only replies 50% of the time to an emails, and rarely provides confirmation about anything. Phone calls usually lead to answering machines which are worse because voice mails are not as clear as...

I got an email from `Don R. Campbell and the REIN Team` to go see an American flipper present his house flipping secrets. I came across this Ron Legrand a few years ago and it looks like a get rich quick thing. I almost bought his CDs for $2000, but the ebay site broke so I took that as a...

Hi all, I recently hired Libertas to help with managing a suited property that we used to managed ourselves since they did a good job with my other town houses. However, they have a policy that if there is no separate meter they will include utils in rent. That is not desirable as I don`t...

Hi all, I`d like to ask the more experienced investors here, if you were handed $60k cash now, today. You are only allowed to use it on real estate within the next 10 months, not part of a syndicate either, so you can use it to buy a town house, apartment, house, 3plex, etc. basically solely...

Hi all, I`m working on the next target and I`m wondering if the following analysis is too naive. Any feedback would help, especially negative ones. The mortgage is put as 6% as a buffer for the future. The income could probably be higher, as garage can be rented out separately but I don`t...

Hi all, I currently have an incorporated company which I use to provide software consulting. That will be where all my income is coming from. It is a one man company, just me. I plan to purchase properties under my own name. Can the company write a cheque for the down payment of my target...

I`d like to hear everyone`s opinion on this question I got from a potential JV. I think it`s a valid concern for anyone investing in RE. "How likely is it that in 5 years interest rate will be 6% or 8% while most rent prices and/or home values remain the same as today?"

Hi all, I have 2 properties that got rented out at the worst times and with a 1 year lease. One ends on Sept 30th, the other on Dec 31st. So if the tenants decide to leave at the end of the lease it will be hard to find new tenants. Is there any strategy that I can shift my cycles to the...

http://www.imf.org/external/np/tr/2009/tr031109.htm

I have 2 vacant garages. What is the best way to market these? I don`t live at where I invest so I can`t go and put signed all over the street. Thanks!

http://www.edmonton.ca/economic-outlook.aspx

Hi all, It`s me rookie again. I would really like to continue investing in Edmonton, especially if prices are going to drop more in 2009. Single family dewllings in Edmonton is out of the question for cash flow so I`ve started looking for more doors under one roof as of late. My partner and I...

Hi investors who have over $500k of net worth, This is a fun topic and of not much benefit to most, but here it goes. Most of you have probably started with nothing in your pocket. Worked your butts off, saving that first pot of gold, or worse, paying off that first chunk of debt just to have...

When I got my second rental insured, it was vacant and the insurance company asked me to let them know as soon as it`s rented.. however it is still not rented out even now. They called a couple weeks ago and asked about the situation and told me that I need to get it rented out as it is insured...

http://www.rbc.com/economics/market/hi_house.html

I`ve had a town house vacant since possession, for over 2 months now managed by Libertas. Not sure if changing strategy to target singles that just need a room would be a good idea. $450 per room, and kitchen/washroom/laundry is shared. Any input? I`m starting to wonder why I bought this...

How will we be affected if our real estate unrealized loss is down 50%(just a # I pulled out of my rare pocket) next year. For example, if I buy $1M worth of properties today, even though in 5 years they may be worth $2M which I will wait for, but before that time, say next year the market...

https://www03.cmhc-schl.gc.ca/b2c/b2c/init....000630000000001