I would also check with the Landlord and Tenant advisory board. Sounds like you need a new PM.

Thank you, I will try both of them.

Here is a link to the answer: http://myreinspace.com/public_forums/General_Discussion/61-2864-insurance.html

A rental offset means that the banks only take into account a specific percentage of the rent to service the payments of the property. Most banks use 50%, however under this new program, the offset is 80%. For example, it the rent was $1000, the bank would only allow you to use $800 towards...

There is nothing you can do about them cancelling their insurance, however it does enusre that they understood they are responsible for their own insurance and if anything were to happen, they cannot come back to you looking for damages. I am not sure about Ontario landlord and tenant laws to...

I am one by assocation... lol

My new mortgagor is asking for one of my properties to be insured to Guaranteed Replacement Value. The property is 32 years old and I am having difficulties finding an insurance company that will insure the property as such. My existing insurance company (AMA) insures the new properties to...

I am speaking with my accountant about this, but I wanted to get some feedback on how other investors are structuring paying spouses and children for work performed with my investments. I run my rental properties as a sole proprietorship, however my wife and oldest daughter do a lot of work...

I stipulate in my lease that the tenant is required to have sufficient Tenants Insurance and a copy of the insurance is due within 30 days of tenancy. For my own insurnace, I have a commercial insurance policy on each property which covers replacement and loss of income. There is a small...

Make sure you do your due diligence and not get caught up doing what everyone else is doing. If the fundamentals are there, and the numbers work, then go for it.

I had a similar email about 6 months ago. I ended up removing the address from my ad and giving the Postal Code for the online maps. I like your idea about embedding your contact information.

Have you already signed a lease?

I have found that paying the utilities myself and increasing the rent accordingly works best. That way the tenants can be left unaware of the split and as a wise person once said "Ignorance is bliss"!

There is no drop in fee for the meetings, REIN members only. I and a co-worker both live in Fort McMurray and attend 3-4 meetings a year. They are well worth the drive. Originally I only signed up for Quickstart and the membership and my coworker only bought the Quickstart package, but after...

I went into my ScotiaBank branch today to set this up, however I was told that this could only happen if the tenant was a ScotiaBank client as well. Is this true, seems like alot of accounts at alot of banks for this to work.

Thank you for posting this. I was looking for this just yesterday!

I agree, great post! One other rule that I live by is only touch a piece of paper in your inbox once. This prevents work and surprises from piling up!

That is a good one. Beats the Nigerian Missionary.

Congratulations Wayne and Dianne! You have renewed my interest in GP. Maybe we will see you there one day.

Albianstar, I also live in Fort McMurray, however I do not let geography limit me to my team members. My broker is in BC, my accountant in Ontario, and have realtors in each city we invest in. There are alot of knowledgeable professionals here in Fort McMurray, however you need to chose your...