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Recent content by flyingsquirrel

  1. flyingsquirrel

    Seeking agent for finding tenants in Barrie, Ontario

    I am seeking a good agent or property manager to find tenants for my rental property in Barrie. I want to find someone who is responsible and would response to my call or email.
  2. flyingsquirrel

    Cash on cash vs cashflow positive

    I always thought that the extra cash from cash flow is for the downpayment of the next property. I guess it is a trade off here. More appreciation or more cash flow. It surely put the landlord under pressure when the cash flow is low, especially when the rent is of a high ratio of your working...
  3. flyingsquirrel

    Utilities Submetering for multi family suites

    I called enbridge. It is interesting to know that that do not need to run a new line from the street to the property to add an additional meter like many people said. They will just install another meter beside the current meter. And it is free of charge.
  4. flyingsquirrel

    Utilities Submetering for multi family suites

    Wow. I was searching for submetering and my post from 2 years back came up! I guess not too many people interested in doing this? Anyway, I am thining of getting a duplex currently with only one set of meters. It is a legal duplex so it shouldnt be a problem. If I cannot have the tenant...
  5. flyingsquirrel

    My Tenants Sucked!!! 3 Things I Learned About Screening Tenants!

    The L9 sounds amazing! However, you will need to think twice if you are renting including utilities. They may ended up opening the window and jack up the heat at the same time. If you having a duplex with only one meter. What are your best opitions to pave you a path of using the L9 in the...
  6. flyingsquirrel

    When is the best time of the year to invest?

    Also note that most contractors have no projects during winter time. You can get a lower qoute for projects in winter.
  7. flyingsquirrel

    Best US Structure for Syndicated Canadian Investments without IRS Filing for Canadian Investors

    On the contrary of what you plan, Canadian investors should file tax return with IRS. Without US filing, Canadians are subjected to 20% withholding tax regardless of your margin! Also, when you invest in US, consider more than just returns. Think about liabilities. Definitely go for LLC, not...
  8. flyingsquirrel

    Major Policy Change from Scotiabank this morning

    Hum, but isn't 10% down considered risky? Considering the skyrocking house price. 30% can help me sleep at night.
  9. flyingsquirrel

    Ontario Moves To Cap Rent Increases!!!

    To be honest with you, I do not think rent control will benefit anyone at all. For investors, rent control put them at greater risk and vulnerable to the market. For renters, landlord will have to kick their butt out in order to get a decent rent increase. It will be less stable for them even...
  10. flyingsquirrel

    Property tax reconsideration (Toronto - Ontario)

    Yes. I am going to appeal to MPAC. Hopefully, I can get it back to positive cash flow.But I heard that MPAC is not too nice.
  11. flyingsquirrel

    Ontario Moves To Cap Rent Increases!!!

    I am targeting families as tenant. They usually stay 4-5 years, which is good because they tend to be more responsible and have stable income for rent. I would also like to keep them because I do not worry about finding tenants all the time. However, if I can only increase the rent for 0.79% a...
  12. flyingsquirrel

    Ontario Moves To Cap Rent Increases!!!

    It is not just the rent control, but also everything else that is against landlord in ON. For example, basement apartment, difficult to evict, all the protection of the tenants against landlord. It really sucks to be a landlord in ON. This almost feels like how the union stop the society from...
  13. flyingsquirrel

    Commercial property tax appeal expert (Toronto)

    I am in need of a commercial property tax appeal expert to help me fight MPAC. Anyone have any good contacts?
  14. flyingsquirrel

    Property tax reconsideration (Toronto - Ontario)

    I called the toronto apartment association. They want to charge me $325 to become a member before they would like to give me a contact! :(
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