where is the property located and how old is it? in older toronto homes it`s quite common to still have old lead pipes, water pressure is very bad. You can contact the city to see about replacing the pipes. the city of toronto has a 7 yr pan in which they will replace all the old lead pipes...

it really does depend on a lot of factors, one of which is condition on property, obviously a new property or newly renovated proeprty will cost less to maintain, another is location, location will dictate how much rent you can get and whether or not you`ve going to have vacancies. My...

Gillian, where is the property located and is there potential to increase the rents?

QUOTE (mar @ Apr 4 2009, 12:45 AM) Agreed, nice website and nice units! thanks Alison and Mar, There's still some work that needs to be done on the website and I'm hoping to get some more pics up on my photo gallery as soon as my website builder (A.K.A. boyfriend) gets back from his 2...

QUOTE (NorthernAlex @ Mar 30 2009, 06:51 PM) I agree that there will be always trouble with them. I really am thinking of cashing them out for the safety and calm sake of the other tenant. One complaint about the week end incident. The rent was paid cash so far. Wondering if you can charge...

QUOTE (LeighF @ Mar 27 2009, 05:48 AM) Does anyone know if there is a Re-Store in Edmonton? www.hfh.org/restore/ here`s the website for the edmonton store.

the toronto habitat stores recently got a big shipment of brand new light fixture. If you want to use recycled paints but worry about being able to match colours in the future, check out boomerang paints. they are 99% recycled, price is about $15 gallon. there`s a limit colour pallet, but you...

QUOTE (investmart @ Mar 24 2009, 08:53 PM) Hi, If you managed your properties yourself and just wanted help finding new tenants when needed, would you contact a property management company or a real estate agent for that purpose? Thanks, Neil hi Neil, where is your place? who do you not...

I`m not going to offer advice since I know nothing about the area but out of curiousity, does the place cash flow @ $1400/mo?

I use Ikea in all my kitchens, love them, easy to assemble, install and the price is great. I use the modern styles with the plain flat fronts. Abstact high gloss white for my high end apts, nexus for the mid range and applad white for the basement and econimical apts. I don`t use the...

QUOTE (MatzoB @ Mar 18 2009, 06:30 PM) My property is in need of some TLC. The above quote includes interior painting of the ceilings, walls, trim, and doors of the said property. Even though I have old and thirsty walls, $34000 is not a price I expected to hear! There are 6 bedrooms upstairs...

QUOTE (Wayne58 @ Mar 17 2009, 03:00 PM) Hi I am thinking of buying a fourplex for 164,000 the units are all rented with GI of 30,200, expences of 13,500 leaving the NOI of 16,700 I am trying to detrimen a fair asking price using the CAP rate { if I have it right from my reading} NOI/sales...

QUOTE (realfortin @ Mar 1 2009, 12:48 PM) I think there is a 500$ limit for email money transfers. How doo you deal with that? you can send more than $500 in an email money transfer.

QUOTE (dbutler @ Feb 26 2009, 09:50 AM) One other great observation I have made about boilers is that given there is no duct work involved, the smells from one unit to another don`t have an option to circulate as easy therefore keeping each unit more contained. as well, if one of the units is...

QUOTE (luckey3 @ Feb 22 2009, 08:37 PM) I am looking at a threeplex with a boiler that is shot and if i were to aquier whould i replace boiler or think about a gas furnance has anyone bine down this road. Thanks. I personally love radiators, I have them in a couple of my properties and they are...

QUOTE To do the renovation I obviously need each tenant to vacate their apartment. My understanding of the Residential Tenancies Act is that I`m able to terminate tenants` leases (with four months` notice) if I give them first right of refusal to come back to the apartment. Hi Moe, yes you do...

Thanks for sharing Carol, that`s a great idea. I`ve been toying with the idea of travelling for 4-6 months next winter and I think the call center idea could work for an extended vacation as well. thanks, Terri

QUOTE And their lumber looks like it belongs in a reject pile. Even their "premium" stuff stinks. I`ve been told by various builders that the reason Rona and Home hardware 2x4`s are better than home depot`s is because Rona and Home hardware store their`s outside and Home Depot`s is inside so it...

QUOTE (seanverret @ Jan 27 2009, 01:13 PM) I`m sorry I just nearly spit my soup all over the computer screen as I read this statement... I assume you meant assistance and that the period was to abreviate the word.... Still that`s the funniest thing I`ve read all day... Back in the day when the...

QUOTE (wtoews @ Jan 27 2009, 05:48 PM) If there were 2 properties side by side and one had a legally suited basement, how much more would that be worth? Generally speaking $25000,$50000,$75000 more? Just some thoughts and input what everyone thinks would be great. Warren hi Warren, not sure...