Recent content by georgefung

Hi Susan, One of my properties with a furnace is managed by a 3rd party property manager. Utilities are in the tenant's name. In my initial welcome letter to my new tenant, I clearly encouraged the tenant to change the filters as often as every month by mentioning the following in my...

An old topic, but very relevant to today. I'm going through the very same thing right now. I have an excellent tenant that I don't want to lose. I didn't want to rescind on the rental increase, since it would make me appear indecisive. Instead, I'm considering offering a rebate of half...

Fluff or no fluff, the sole fact that this article is targeted to and read by tenants and prospective tenants makes it worthwhile to keep in mind. I think we all know individuals who believe everything they read on the internet, so there will certainly be some tenants out there who will...

Sorry... perhaps I should have started a new thread with a different tag line, instead of continuing this thread. I, personnaly, do the inspections every 3-6 months, like most of us (I think). I usually ask my client if there are any other issues from a proactive maintenance perspective, so...

Would anyone have a spreadsheet-based or similar checklist that they would be willing to share? I'd like to go into my maintenance inspections with a more thorough agenda of items to inspect. I'm one of the unlucky ones who didn't win a free year of REMA. Thanks. George

Just to share an experience I had, long before I joined REIN, I was in a similar situation. My principal residence mortgage was due for renewal, and my bank offered what appeared to be the posted rate (not a very good rate at the time). I knew I had at least a month to think about it before I...

Thanks, Mark/Mike: That makes everything clear, and confirms my own rationale. The strategy that Mark explains is straight-forward, and Mike`s quick numbers make sense. It`s so great to be able to confirm these basic principles through the forum. George

Sorry, Wade/Adam: I`m not clear about your answers to Kornel`s question. I believe that I`m in a similar situation as Kornel with my first property. I`m 100% leveraged, having paid the 20% down payment with my HELOC, and have the remaining 80% on the mortgage. Contrary to Wade`s...

I`m closing on my first property next month, so I`m still a rookie at this. I`m planning on giving it to my tenant, stating that I`m required by law to provide this information, but will state that I will be available for any open communication. Hopefully, this will make the LTB the last...