We bought a property with a relative. We paid the down payment and legal costs, etc. and have 50% ownership. We are all on title. That was four years ago. He has been living there and paying all fees: mortgage, condo fees, etc. We have equally shared one special assessment and there is one...

QUOTE (ZanderRobertson @ Nov 24 2008, 08:34 PM) couldn`t agree more... everyone ought to post their own views, it`s the only way to have a great conversation, and think differently. BUT, calling someone "unsophisticated" or "negative" is name calling for sure! I apologize for offending. I...

Stephen, it`s not about "believing", it`s about becoming knowledgeable and about basing one`s decisions upon evidence. No one in REIN has ever said that the real estate market goes straight up non-stop. So the market is down. That`s not shocking news. It`s entirely predictable. By using...

QUOTE (Jack @ Nov 23 2008, 01:41 PM) You would find it in the local paper, because it`s news-worthy. Exactly why I`m posting it here, because it offers informative value and because it`s relevant to real estate. Ah! I see the problem here, Jack. You naively and mistakenly believe that...

This month we launched our first website, and I am very excited about it. It`s still in the infancy stage, but we have made excellent progress in a few short weeks. It has nothing to do with real estate, but the writing that I am doing for the blog, the articles that I am developing and a plan...

QUOTE (EdRenkema @ Nov 23 2008, 11:14 AM) Jack give it a rest, if you want to accuse someone of whining look at yourself and all the articles and questionable `advice` you`ve posted. Pretty much all reactive stuff, the people here are simply trying to create a proactive, positive, supportive...

QUOTE (kennicoll @ Nov 9 2008, 08:54 PM) we currently have a 3br townhouse in chelsea villas renting for 1450.00 we are thinking 1700-1800 would be more in line cheers ken Really? What are you basing that figure on? I did a search online tonight and the rents are much lower than that. I...

I have some 3-bedroom duplexes in Grande Prairie, and my tenants` leases are up for renewal. They are both excellent tenants. One has been there for one year (a company) and one has been there three months. They are both paying $1600. Question: should I be raising my rents? How much are...

QUOTE (SusanPenner @ Sep 11 2008, 09:39 PM) I think I`m just naive or missing the whole boat on this one. Why do we care if our tenants/clients have insurance or not? When I was 18-22 and in university I was under my parents insurance...not that there was anything valuable to steal and I...

I know that this topic has been addressed before, but I can`t find the thread. We have five adults who want to move into our 3-bedroom duplex (two couples and a single). Should we be charging extra rent in this case? If so, how much and how do we word it on the lease? Thanks.

An insurance agent recommended adding a clause to our lease requiring tenants to purchase tenant insurance and indicating that they would cover the $1000 deductible for damage that was caused by them and required us to make a claim. Has anyone done this before?