Have you tried Tenant Verification Services? They ask a few questions but but when we signed up it was only 1/2 hour or so later that we were approved and able to request reports. No sign up fees, only fees when you access the reports. Be sure to indicate you are a REIN member on the...

We tell applicants at the application stage that obtaining tenant insurance is mandatory. Then we ask for a copy of the "confirmation of insurance" letter from the insurer prior to handing over the keys. The letter spells out the details of the insurance coverage. Our own insurance company...

I already factored in a drop in price when I estimated $250k. A less desirable unit just sold for $260k about a month ago. So today $250k at least, but what might it be next spring? Same, lower? We can definately keep for 5+years, but maybe this money would be put to better use elsewhere...

We purchased a condo in Kelowna 3 years ago. Bought for $189k, now worth about $250k and it rents for $1300/mo. so there is positive cash flow. We have gone back and forth over whether to sell it as we wonder about the market there. Some think the market will improve in Kelowna again when...

It worked! Thanks Ray! T. QUOTE (REINteam @ Aug 28 2008, 12:36 PM) Hi Terry, Good news, there is a very quick fix for this. Go to the upper right hand corner of the page and click the "Options" tab and you`ll get a drop down. Go to the bottom of the list and you`ll see "Display"...click...

The board format changed a few days ago. At least I think it did. Instead of being able to scroll through all the replies to a post, the replies are now all listed at the bottom of the post and I now have to click on which reply I want to read. A real pain if I want to read them all and much...

Congrats on your decision to join! Sounds like the process I went through. I googled Don, REIN, and anything else related and could not find anything negative. (As a contrast, try googling Russ Whitney and see all the rotten stuff that comes up.) I also say I wish I had joined earlier, but...

Not expensive - cheap!! Especially if you intend to do any investing at all. I first heard Don on the radio in 2005. Checked it out (membership) and decided it was too pricey and I could do it on my own. Bought a place soon after with negative cash flow but didn`t mind then because we...

Ok, good points, and I do know that the fundamentals are strong! Question is - what do the masses think. Most of the people I talk to that are NOT into RE investing are convinced the Canadian RE market will suffer the same fate as the US market! Including the Alberta market! They could...

Lately in Calgary, the headlines have been just brutal. In the last few days alone: - 8% drop in average home prices - Oil & Gas land sales down - below B.C. and Saskatchewan - Alberta slump bringing down Canadian house price average - Condo over-supply will take years to absorb if...

This is what we do and it seems to work. Anyone interesting in seeing our property MUST complete an application form, including the section giving permission for a credit check. The last ad we ran, we had about a dozen inquiries. We responded to all with more information. If they were still...

We did this once pre-REIN, and did get good mortgage paydown but poor cash flow. Since becoming a REIN member, we have refinanced to 40 year amort. and pay monthly. The cash flow is huge now since refinancing. I guess you have to decide what you want and set things up for that. It seems to...

Well, depends on where you are. So where are you? QUOTE (dwb @ Jul 23 2008, 06:40 PM) Summer? Autumn?

Thanks everyone who gave their opinions! We decided to rent to the 2 couples with one year old child. One of the couples (with the child), is relocating from Eastern Canada and will not likely stay the entire lease time. We are okay with that as the other couple (childless), intend to be the...

Would love opinions on this situation:We have a 3 bedroom house for rent in Calgary, advertised on Kijiji, and got many responses. Everyone who wanted to see the house had to first give us a completed `rental application form`, and were also advised we would do a credit check. This approach...

My understanding, (and may not be quite right): Matrix mortgages from FLF consist of a mortgage component and a LOC component. As you reduce the principal owing on the mortgage component, that same amount now comes available to you in the LOC component. I`d repost this question in the "Ask...

QUOTE (RobMacdonaldCMT @ May 22 2008, 01:59 PM) Hi, You really need to make sure that your current financing is going to be in line with your long term goals. No offense, but I think you`re getting some misleading information from TD Bank. TD offers 75% LTV on rental properties regularly. Most...

One of the best things about REIN membership is having a long term perspective on things and seeing the bigger picture. Looking at the market only since it began it`s plateau and describing it in doom and gloom terms is like saying Arizona`s weather is lousy based one or two days of rain...

A discount would be very nice, of course. What discount rate is possible? Better than, or similar to the typical corporate discount?

You won`t likely be able to see the documents before you make an offer that is accepted by the seller. The seller must give these same documents to a buyer who has signed a purchase contract so won`t give them to you before you submit an offer. What if someone else presented an acceptable...