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Recent content by PeterM

  1. PeterM

    Property insurance

    Sherilynn, thanks for the tip about Steve at Sadler Insurance. He has been very responsive. I typically find shopping for home and rental property insurance a frustrating process. So many brokers have slow antiquated processes (lots of forms, info in emails, quotes with no detail, and poor...
  2. PeterM

    Alberta / Edmonton economic status graphs

    I recently send a summary of the recent economic trends in Alberta to some partners of mine. I thought I'd share it on MyReinSpace as well. I'm an investor in Edmonton residential real estate so I periodically keep track of this stuff. What follows is just a collection of graphs mostly...
  3. PeterM

    Property Manager in Halifax?

    Thanks for the pointers!
  4. PeterM

    Property Manager in Halifax?

    Hi all, I'm looking for any recommendations for property managers in the Halifax / Dartmouth area. More specifically I'm looking for management of an older 2 bedroom condo unit in Dartmouth. The building has a 16 unit rental pool that is disbanding and all the owners will need to find...
  5. PeterM

    Edmonton home prices over the years - starting 1962

    Someone asked me to post an update to my long term Edmonton residential price graph, so here it is. The data is from the realtors of Edmonton web site (www.ereb.com). The prices are average sale prices for all residential real estate and all the usual issues with averages apply (e.g. median...
  6. PeterM

    Accounting Software - QB Online - Xero - Freshbooks - Slickpie

    Last year I switched from spreadsheets to QB Online. I have multiple properties and JVs but no corporation. I'm using their "classes" feature to keep the properties separate. But this requires that you get a more expensive subscription. It works well and now that I'm doing my year end...
  7. PeterM

    Edmonton home prices over the years - starting 1962

    For long time scales, I much prefer log scale graphs since a constant rate of increase (e.g. an inflation rate) would be a straight line rather than a curve. I've attached a rough graph that I sometimes use (based on average prices from the Edmonton Real Estate board). -Peter
  8. PeterM

    Required Disclosure to Banks with JV

    I think there might more to this than the answers so far assume. The simplest and cleanest JV arrangement is for both parties to be on title and on the mortgage. Another flavour of a JV has JV partner #1 on title and on the mortgage. That person has to qualify for the mortgage. The other JV...
  9. PeterM

    Useful perspective on investing (real estate otherwise) from upcoming Berkshire annual letter

    Here's a great perspective on investing (real estate and otherwise) from the master himself, Warren Buffett: http://finance.fortune.cnn.com/2014/02/24/warren-buffett-berkshire-letter/ Peter
  10. PeterM

    Condo diligence

    Hi Barry, How did the member actually find out about the post tension cables? Was there a mention somewhere in the condo docs? Or was it found during inspection? For condos, there is usually a statement on the existence of post tension cables in the Info sheet or Estoppel prepared by the...
  11. PeterM

    Platinum Property Group

    I've bought properties from Platinum Properties, 20/20 Properties, Generation Properties and have looked at a few others. In my opinion the advantages are: - super low level of work - company looks after whole package - acquisition, renos, putting management in place, etc. - benefits of a...
  12. PeterM

    Painting vs. replacing kitchen cabinet doors?

    I'm faced with some old and ugly kitchen cabinet doors in a place in Edmonton. I know that I can paint them to dress them up (assuming they are in good enough shape). However, I'm wondering about the cost of replacing the doors instead. Does anyone have any experience or references for...
  13. PeterM

    any Platinum Equities members?

    Some news is now emerging on the status of the syndication. They had a conference call a while back that was somewhat helpful, although left some key questions unanswered. It seems things have been allowed to get into a tight situation. Now I've received a letter presenting 3 offers they've...
  14. PeterM

    any Platinum Equities members?

    I`m in the same boat as you - same project and no cheques for a while. Unfortunately I don`t have any additional information. Peter
  15. PeterM

    Investing in New Westminster, B.C.

    Downtown New Westminster is undergoing a large but slow transformation. About $500M worth of new high rises has and is being built in the downtown area. For the first time in about 75 years, Columbia St. is actually improving! However it will be a gradual improvement over quite a few...
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