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  1. MichelSelim

    What if Prospective Tenants Do Not Have Credit History?

    I use a safety belt: regardless of how good the applicant is I still give them three months fixed lease. By the end of the three months if everything is okay I will renew for longer period or not at all. No credit is better than bad credit particularly for new immigrants of certain age...
  2. MichelSelim

    The Wealth Report: A Global Perspective on Prime Property and Wealth 2011

    Hello Fellow REIN members, This report is very interesting reading including Top 10 international property investment hotspots. Quote from the report: "The definitive guide to the world of international prime residential property, The Wealth Report is produced by Knight Frank in conjunction...
  3. MichelSelim

    2011 Success Story

    What do you think of stock education companies like VictorVest? Would it be helpful for a new investor to save the time and follow their recomendations? Thanks and congrats on your success.
  4. MichelSelim

    Mobile Home Park in Forest Lawn (Calgary)

    Hello Fellow Forest Lawn Investors, The famous antique sign of the mobile home park in Forest Lawn is removed, and the new confirmed owner is Loblaws. What do you think the new No Frills store will bring to the area, and how would that affect your investment? (the fact that the mobile home...
  5. MichelSelim

    Illegal Suites

    I am considering applying for land use re-designation from R1 to R1S (or may be R2 for future potential) for my property in Forest Lawn, after I got shut down by the city. I wish to learn from other fellow REIN members who have been through the process to see if it is worth the hassle and the...
  6. MichelSelim

    Nenshi to move on secondary suites

    Nenshi to move on secondary suites He campaigned on it, and now Mayor Naheed Nenshi is vowing to keep his pledge to allow secondary suites throughout Calgary, breaking through what`s long been a policy logjam on council. Nenshi repeatedly lambasted aldermen on this issue when he was a...
  7. MichelSelim

    RENTAL SCAM

    RENTAL SCAM By Emma Poole November 09, 2010 05:00 AM Category: Police, Public Safety The Calgary Police Service is warning the public about an online rental scam. Last week, five people contacted police about an advertisement on the popular website Kijiji, that seemed to mirror another ad, but...
  8. MichelSelim

    Is there an Investor`s club in Calgary?

    QUOTE (desipaskaleva @ Oct 17 2010, 05:32 PM) Hi, I`m interested in Real Estate Investing. I`m reading "Real Estate Investing in Canada" right now. I was wondering of there is a club or something like that in Calgary, where I can meet with likeminded people. I need to find the right people who...
  9. MichelSelim

    Calgary Vacancy Rate

    I am wondering if anyone knows what is the Calgary Rental Vacancy Rate at this time of the year. The reason I am asking is that I have some vacancy and I am not getting the response I used to get using the same ad, on the same websites (posted on multiple web sites). Any idea or feedback on how...
  10. MichelSelim

    Tenants Joining Forces to Save

    actually, they are related to each other. Main floor tenant refered his brother to rent the basement from me; however they are on separate leases that end at different times. Thanks for the advice.
  11. MichelSelim

    Tenants Joining Forces to Save

    I appreciate your input on this. My tenant on the main floor asked me to provide them with a letter saying that they are one family with the tenant downstairs, so they get one Shaw service to the house and they split the bill. I am wondering if there are any future implications for providing...
  12. MichelSelim

    Unique Dilemma re Rent Receipt

    Off course, it depends on the province where you are, but I am wondering: If you allow her to stay and her name is not on the lease, what would be the situation when it comes to renewing the lease? Would she be considered at that point as month-to-month tenant since her name is not on the lease...
  13. MichelSelim

    How do I get good financial services?

    I would only go for fee based financial planning, because free advise is very expensive (how do I know??!! :- ) No one professional, book, or financial institution you talk to, would give you the ultimate plan; it is work in progress. Also, taking some cources would help; I personally joined WFG...
  14. MichelSelim

    Drug dealer in my Calgary rental?

    Terry, I am following your story. Hope all ended well.
  15. MichelSelim

    My first time checking tenants` background

    I am Ok if they are upfront and honest about it. You would be interested to know that I check the Reverse Directory on the reference phone number to see who owns this number. Just by doing that, I found that the last name of the applicant matches the last name of the phone owner (his dad), so...
  16. MichelSelim

    My first time checking tenants` background

    I use rentcheckcorp.com, and it saved me lots of grief. It can add up if you are interviewing few applicants, but it is worth it. I agree it is not user friendly. I use it only because their president gave a presentation in Calgary and he explained it to us. He said three years ago that they...
  17. MichelSelim

    Does this sound like a scam?

    <H2 class=subject>Scam is now coming to Facebook inbox 2 BR Basement For Rent regarding 2 BR Basement For Rent</H2>May 15 at 9:06amReply Report MessageMy name is diago lens klinton, I grew up and schoolled in United States, am 37years old and work as a professional database administrator,I am...
  18. MichelSelim

    Does this sound like a scam?

    Sure it is a scam!!! Here I got the EXACT email on one of my properties: From: AAAA Sent: Tuesday, October 30, 2007 1:37 PM To: BBBB Subject: Your Listing on HomeRENT.ca L23205 Your listing on HomeRENT.ca http://www.homerent.ca/index.cfm?listingid=L23205 Street Address: 3 Bedrooms name: Adrian...
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