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  1. terri

    Reasonable?

    get an extra key cut and let your tenant know that their friend can pick it up from you. You don`t need to go out of your way to meet them there and let them in. I wouldn`t charge them and I wouldn`t refuse. I`m sure if they knew they were going to be out of town this long, they would have made...
  2. terri

    VRM Rates

    Question.... if banks are offering prime minus mortgages again is that becuase they think that prime will be going up soon? by alot? is it just on closed variable? or is it on open variable as well?
  3. terri

    tenant screening

    QUOTE (EdRenkema @ Aug 25 2009, 07:44 AM) I think the term gut instincts is being overused - what contributes to your gut instinct? I don`t exactly know what contributes to my gut instinct. And, of course, everything else has to fall into place as well, the employment reference, landlord...
  4. terri

    tenant screening

    QUOTE b) Reference checks are hog wash. Lets be frank, has anyone ever called a reference where they have given a bad one, not likely. actually, yes, on more than one occasion I`ve called current landlords for a reference check and been met with surprise because they were completely unaware...
  5. terri

    Long Term Tenant (20 yrs!) asked to Paint Apartment Brown

    QUOTE (housingrental @ Aug 14 2009, 03:14 PM) Greg - If you want him out say no. I often OK requests like this but in the context of someone you want to keep happy. I had a great tenant ask to paint a wall in white board paint, and I agreed with the stipulation that they had to repaint over it...
  6. terri

    Seller`s Tenants Trashed The Property

    It sounds like the lawyer is on top of it since it was there office who called to inform of the situation. Your lawyer will probably advise you best on how to deal with this, but I would push the closing date so that the owner can do the repairs and make sure that you inspect it before...
  7. terri

    Catch 22 - 120 parking spots needed for month in Toronto!

    QUOTE 1- Check with the city permit office to see how many permits they can award for cars to park on the roads nearby I guess this one is not even an option until the city strike ends is it?
  8. terri

    Cashflow is Possible!

    QUOTE (invst4profit @ Jul 14 2009, 07:39 PM) Subjective to some degree but for me it is what I buy the groceries with. The portion I use as a down payment is my retirement savings so it is important that it generates an income monthly as well.I have often been reminded that with REIN you do not...
  9. terri

    What`s a dishwasher worth to a tenant?

    QUOTE (Nicola @ Jul 13 2009, 01:51 AM) Hi, Just wondering what you think... Will a tenant rent or not rent a house, based on whether it or not it has a dishwasher? If so, what would the rent differential be between two townhouses (assuming they are otherwise more or less the same) - one with...
  10. terri

    Water Bill Doubled Following Neighbor’s Work on His Property

    QUOTE (investmart @ Jun 30 2009, 05:20 PM) Hi Everyone, I have 2 issues to resolve and would appreciate any advice from other investors: 1. My water bill has doubled based on a new annual reading done by the city. This happened after a neighbor who owns the home beside my 3-Plex, did some work...
  11. terri

    Property Tax: Final received, higher then interim

    QUOTE (NassirNathoo @ Jun 25 2009, 09:36 PM) Hello, It is time for taxes in Brampton. I received the notice for the last 3 payments. What i noticed that the value used for the interim notice was less than what i received as final. Reading the notice, it says that they use the 2008 Jan 1 value...
  12. terri

    Pro Athletes as Tenants?

    QUOTE (mortgageman @ Jun 22 2009, 06:52 AM) Check and see if there are any consequences these guys would face from the Ti`Cats if they mess up as tenants. That should help keep them on the straight and narrow. hi Ed, I agree with Garth, interview them and do your due diligence just like any...
  13. terri

    Contacted by Different Investors

    QUOTE (MitchCollins @ Jun 21 2009, 10:11 PM) Great points! I just listened to Greg Habstritt`s Commercial interview, and I am quite interested in that. I own a smaller mixed use apartment building (2 office centres and 7 residential units) and found it not too bad - but I am more interested now...
  14. terri

    Is this a good buy?

    QUOTE (moneyismyservant @ Jun 18 2009, 10:13 AM) 2 blocks or 5 minutes walk from University asking price $214,900 Decent condition. Reno`s are not necessary. 20 yr old free hold town house. Needs new roof in 10 yrs. Electric heat Looking to rent out the 5 rooms (to students on a 1 year...
  15. terri

    Tenant has become disabled

    check out this website and take a look at the cmhc website as well: http://peidisabilityalert.blogspot.com/200...essibility.html
  16. terri

    Toronto Real estate bidding wars make a comeback

    here`s an article from the toronto star. http://www.yourhome.ca/homes/article/643200 I don`t know if other Toronto area investors are feeling this, but the market is crazy. I`m seeing line ups for open houses. At least back in the peak in 2007 there was inventory. Right now there`s not a lot...
  17. terri

    Apartment Showings Strategy (Do people No-Show?)

    QUOTE (housingrental @ May 28 2009, 01:31 PM) 1) A)For me I`ve found there is some randomness to this. I find there is some correlation between if the property is on a long street (ie "we thought it was 10 minutes closer than it really is"), if the property is really ugly, but most importantly...
  18. terri

    Apartment Showings Strategy (Do people No-Show?)

    I like doing the "open house" thing. It really cuts down on the amount of time that I have to be there and if there is currently a tenant in the apt, I find that they will clean and tidy more for an "open house" then one showing, they will also leave for an open house, but not for every single...
  19. terri

    To want tenants, or not to want tenants

    QUOTE (adamturner @ May 19 2009, 02:37 PM) As investors, do you prefer to take possesion of of a new rental with or without tenants already in place. What are the pros and cons of both situations. What should we be looking out for. Cheers Adam Turner I always prefer to select my own tenants...
  20. terri

    you can get what you want

    it worked, yah! I guess I`m going to have to get a new photo where I`m more than just a black dot in the middle of the page. ha thanks for your help, Tudor.
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