Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. S

    Edmonton Property Management (Clareview, harshine)

    I am looking for a management company for my 3 beds townhouse condo. Can you please suggest a good one. Thanks Sandra
  2. S

    Change of percentage of co-ownership

    Hi all, I and my sister co-owner of rental property, Last year we decide to change percentage of ownership. Let says before 50/50. Now 70/30. Are there any procedure to let CRA know when I file income tax. Another question is how often properties co-owner allow to change percentage of...
  3. S

    Canadian ETFs

    I have some money inside RRSP and TFSA, wondering if you know any Canadian ETFs that create around 5-7% return Thanks Sandra
  4. S

    Building and Land value

    Hi all, my friend decide to rent out her principle home, and I try to do income tax for her this year. So when I set up an investment property T776, there is a question about how much value of land and how much is the value of building. Do you know how to split them ? It is a town house in NE...
  5. S

    Advertising

    Hello, I would like to know regarding advertising unit for rent, other than Rent fast, Kijiji and rent sign, do you have any other effective methods to get your property notice. What is the pro and con if tenant want to open a dayhome in the property, any liability that landlord should be...
  6. S

    Walton land developer in trouble

    http://calgaryherald.com/business/energy/calgary-developer-behind-skyview-ranch-in-creditor-protection
  7. S

    Calgary Real Estate Market

    Hi experts, I am looking to buy more properties to add to my portfolio. Wondering is it a good time to buy in Calgary right now ? or should wait a bit longer? Where are we in RE cycle ? The market missing a fundamental, there is not a lot of job created, unemployment is high. I noticed the...
  8. S

    Mortgage Penalty

    Hello all, I have a 5 year fix mortgage, and have 2 more years left on it. I want to change to variable and the bank says I have to pay penalty. Is this penalty tax deductible? Thanks Sandra
  9. S

    Renewal Time

    Hi all, My properties are not up for renewal yet, but I have few questions regard refinancing time to help my understanding about RE investing. * Do existing banks automomatically renew mortgages when time is up? * In what case banks refuse to renew? * Do all mortgages requires appraisal to...
  10. S

    Private money

    Hi all, I have a friend who work for mortgage company specialize in private money present me a deal that he is currently working on. He`s looking for $37000 to place as 2nd mortgage with the rate of return is 22% and will be paid every 3 months. Term of loan is 1 year. Appraised value of...
  11. S

    Pipeburst Condo

    Hi all, my condo got a pipeburst last year, Luckily I got insurance for income loss. Everymonth, I received a cheque from insurance company to cover for market rent of a condo. Income tax time, I assum I should record this amount as Rental income, please correct me if I am wrong. Thanks Sandra
  12. S

    GST charged on Property Management fee

    Hi all, My property manager started charging me 5% GST on top of 10% property management fee. I never heard of it before and am wondering if this is possible and appropriate. Thanks
  13. S

    Enmax Technical issue

    I just got a bill from Enmax and apologies letter from them saying that due to technical error, they missed charge utility for my rental property since Jan 08 until now. The bill come up to more than $1000. The tenant at that time has been moved out long time ago. Not sure how to deal with...
  14. S

    Basement suite

    Hi All, I got letter from City of Calgary saying that they will inspect my basement suite. There is tenant in there right now and his lease end June 30, 08. Please feel free for any sugesstions of how can I prepare myself for this since this is the first time I got this problem. Thanks Sandra
Top Bottom