Fort McMurray has definately turned into a buyer`s market and a Landlord`s paradise due to the recent news headlines. Many potential homeowners are afraid to buy, and are deciding to rent until the economy turns around. I have been making offers well below list and having them accepted with...

That is a great piece of advice! A simpler solution, but not as secure, is to use a USB hard drive. I have a 250 GB that I use now. However being a tech-junkie, I like your idea better!

If he is willing to leave the equity in the home, add an addendum to the sale contract stating that he will give you $40,000 cash back up on closing. This money can then be used as your downpayment funds. Essentially 0 down.

I had a similar problem last year. No one had sent any money, however the rent listed was very cheap and one expected me to honour that amount! I no longer provide a street address on my ads. Seems to have stopped the scammers, for now...

I have had one on my personal residence for years. Works great! I have a couple properties with the locks installed, however I have not made it standard yet.

Mine came in the mail yesterday! Lots of good reading.

As for question #2, you can pay someone to be a help manage a property for you, however there are limitations (collecting rent, financial, etc). We pay a "superintendant" to manage our out of town properties and they are not liscensed.

Congratulatoins Dianne. I am on my third eviction and it does get easier. The tenant screening is what keeps getting harder!

I have the same sentiments. I cannot get anyone to return my calls or emails. I have also been double billed for an adverstisement. Oh well, as a wise man once said, try try again!

How much notice did they give you? Can you easily rent the property again, maybe for more money?

Thomas Beyer wrote an interesting thread on this subject: 50/50 .. is this fair ?, What is an equitable split between RE expert and investor

I used Clo-Jen contracting for my landscaping last year. Dont have their number off hand tho.

There have been many threads on Grande Prairie rents, property management and other issuse. I did a quick search: Grande Prairie

Insects fall outside of the standard yard maintenance that can be expected to be performed by Tenants. Hire a pest control specialist to come in remove the insects and inspect for other problems that your tenant may not have seen.

Why not make an offer and ignore the listing agents changes? Make an offer based on your due diligence and see what the seller counters with.

Congratulations Keith! Job well done.

I am not a lawyer howver my thoughts are that you removed conditions, so you agreed to the terms of the deal as how it was written, even with the offer being accepted late. As for the legal address being incorrect, the intent of the document is for the purchase of that particular property...

You do not know if they will leave. They will stay and continue to take advantage of you. Get them all out, and start over with quality, equity building tenants.

QUOTE (ladams @ Jun 7 2008, 09:11 PM) My realtor tells me that there has been little interest in any of the properties she is selling and she is recommending we price very aggressively to stay ahead of a quickly deflating market. This concerns me that your realtors only tactic is to reduce the...

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