www.mrlandlord.com Q&A section

QUOTE (llee @ May 7 2009, 07:49 PM) Hi, My previous tenant moved out March 31, and the new tenant moved in on April 17. They were/are both responsible for their own bill. Today, I got a Hydro bill that I need to pay for the small usage between March 31 and April 17, plus the account setup fee...

QUOTE (cobando @ Apr 11 2009, 08:27 PM) Hi, I know the REIN book did say that it is unethical to tell the banks you`re going to live in the property you`re buying when you`re actually going to rent it out. This is my first property in Coquitlam if ever but I`m having this ethical dilemma. When...

QUOTE (rymac @ Feb 5 2009, 04:30 PM) You`re about to spend half a million dollars! yes, it would be wise to pay an accountant to audit their finacial statements. Could be the best $1000 you ever spend. Make sure you chose the accountant and better yet ask the vendor to pay for the audit. You...

http://wellesleyinstitute.com/confirmed-deepening-rental-housing-crisis-canada-ontario-toronto This article is written from the renters` perspective, hence its all doom and gloom, but is good news for investors/landlords. Dec 11th, 2008 by Michael Shapcott Canada Mortgage and Housing...

QUOTE (nepoez @ Nov 6 2008, 10:45 AM) If this is the case. What do you guys think of a Holiday Season Special. Basically the deal is, if someone signs up for the lease now, they get 200 dollars off the first 3 months. Whatever gets the thing rented. Temporary rent discount may work...although...

QUOTE (thejules @ Oct 18 2008, 09:46 PM) Find another investor! Why not answer his questions?

QUOTE (AndreiAngelkovski @ Sep 29 2008, 02:19 PM) Hello REIN Members! Does anyone here use any Heating Insurance Maintenance Plans for their furnaces? What this normally covers is an annual inspection and cleaning, any repairs and maintenance required (there are exceptions of course). I`ve...

QUOTE (TommyK @ Sep 24 2008, 10:06 PM) Thank you for this tip Monte. I am getting close to take possession of my 2nd property. I am looking to rent it out by November 1st. Hopefully I can get a desperate family who wants to move in before it gets too cold!! And when next Nov arrives, I will...

Hi, I was wondering if there are some preliminary dates/timelines available for the next round of Quickstart seminars. I am particularly interested in the one held in Ontario. I am finaly ready to join REIN and start taking action and wanted to align the start of my membership with the...

QUOTE (realfortin @ Aug 16 2008, 05:51 PM) I suggest thanking your tenant for their patience and perhaps giving them a gift basket or something. Real Yep, already done.

Thank you all for your input. Just to close the loop with everyone....I now raised the carpet, removed the underlay and have a blower from Home Depot running 24 hrs. Also have a dehumidifier running. The carpet cleaning company will come out in 7 days after all is dry to put down new underlay...

I had a pipe leak in one of the units and now have a wet carpet. It is no longer wet to the point where water can be sucked out of it with a rugmaster machine, but it is still somewhat moist. I have two fans blowing on it continuously for around 2 days, but the tenant tells me there is now a...

Hi, I need to have one of the units painted between tenants and was wondering if anyone could recommend a good painting contractor in the Mississauga area. many thanks in advance!

QUOTE (realfortin @ Jul 31 2008, 03:01 PM) I think that maybe it is for a few reasons. Single family homes and duplexes in Sudbury are now fairly expensive against the rent you may get. Where you do seem to get ahead is with the multi family units. They are very cheap considering the rent you...

QUOTE (ekisielewski @ Jul 22 2008, 08:31 PM) Upon a recent inspection of my property I noticed the tenants are not looking after the fully fenced backyard at all. Some of the weeds are 4 feet high. On the other hand the front lawn is well kept. Is there anything I can do about it? Or as long as...

QUOTE (wywrot @ Jul 18 2008, 12:11 AM) Ill get the ball rolling: 1) Show all rooms 2) Show Common Area – Common Area Rules 3) Garbage Rules 4) Lawn Rules 5) Snow Rules– Sidewalk and Path to front door 6) First and Last Month`s Rent 7) Utilities - Who takes care of what 8) Go over lease What...

QUOTE (jackiechandc @ Jul 10 2008, 10:45 PM) Hi everyone, Thanks again for all the great comments. I`m going to try to find out what the going rate is for parking in the area and make my decision after that. Definitely will get the locker. Basically I agree that if you don`t get it now, you...

Hi, I was wondering if someone could recommend a tenant background checking service. I have been using my mortgage broker for credit checks before but he happens to be away at the time when I need to run a check on a prospective tenant. On a related note, what other checks in addition to the...

QUOTE (TomRebstock @ Jun 21 2008, 10:25 PM) Can anyone refer an electrician. I am renovating a basement. My project starts in early July. Tom Rebstock Hi Tom, I used http://www.brelectric.ca/home.html for some work on a basement apartment in mississauga and was very satisfied with the...