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  1. Alvaro Sanchez

    Need advice to get out of debt-sell vs hold

    She works as ER nurse... do you think she gets scare about blood?
  2. Alvaro Sanchez

    Refinancing primary residence and Selling a property with 2% mortgage 3.5 years left on term

    Negotiate with the bank that you can bring your primary residence mortgage (safe one) to them if rate is same or better and waive penalty on rental.
  3. Alvaro Sanchez

    Need advice to get out of debt-sell vs hold

    In your case, I would seek advice to options to consolidate some of the loans (lc or even student loans) but I can see that selling is not an option as there is not much equity on each property at the moment. Try lowering your current expenses and perhaps get a second job or rent-out a bedroom...
  4. Alvaro Sanchez

    Best and Affordable Advertisement Site for Rentals

    I get more responses from https://www.zumper.com/pro?pm (padmapper) than Kijiji these days. In Kijiji, I use only the free based ads and repost weekly. Paying for kijiji ads in not much effective for us now that there are other players. Problem with kijiji is the mobile interface is not that good.
  5. Alvaro Sanchez

    TOP 5 TIPS: Fill your VACANCY quickly and with QUALITY tenants!

    Agreed, videos must be short like less than 3-4 minutes. However, just be yourself and don't try to imitate others...get you own style. Good luck.
  6. Alvaro Sanchez

    TOP 5 TIPS: Fill your VACANCY quickly and with QUALITY tenants!

    That's quite the statement, a bit over the top.... I have been a landlord for 20+ years so I do some of your tips (1,3,4,5)... plus more. 1 - Repairs - Yes, it's preferred that you show the units clean and no major issues. (Never show units dirty). While doing renos, you can still show them...
  7. Alvaro Sanchez

    Planning Ahead: how to raise money for 2nd property in 1-5 years

    Continuously raise capital and/or JV for next one.
  8. Alvaro Sanchez

    More info on the ACRE System

    I have been a member for last few years 5+, I originally got the book then the home-study kit before becoming a member. I would suggest to try to attend one of the ACRE live as guest (weekend). Also note that my real estate education is not limited to REIN as I take other courses in Canada and...
  9. Alvaro Sanchez

    Collecting Rent from Tenants??

    It cost me $1 (plus tax) to process a rent deposit and I do nothing.
  10. Alvaro Sanchez

    New to Real Estate. Market Research for Quebec?

    I am looking into buying a small plex in Montreal as one of my kids is studying up there. Please let me know if you would like to meet with me for a coffee next time I am there. The invite is for both of you Tom & Lothar. Also I find that this site offers some good information...
  11. Alvaro Sanchez

    Collecting Rent from Tenants??

    I would pay a fee if it saves me time...(processing, bookkeeping, receipts, etc). so being or looking BUSY does not make your business better, you need a way to scale your business.... I am not sure about you but spending 1-2 hours on the 1st of the month trying process all etransfers and making...
  12. Alvaro Sanchez

    Collecting Rent from Tenants??

    I have been using www.tenantpay.com for last few years and I highly recommend it. It saves a lot of time for us as we separate everything per JVs/properties receiving rent on different bank accounts . Before that I was using e-transfers and some post-dated cheques (mobile deposit) yet they...
  13. Alvaro Sanchez

    Tenant Lease

    Just take over the lease. Its best to have in your name but if not that is OK as well and legal. Lawyer will do the paperwork to take over the lease.
  14. Alvaro Sanchez

    Do I hold or sell?

    I would recommend to sell it and focus on something with better returns as this property is just a distraction unless you are doing for "practice". Time is one thing you will never get back so invest your time in better deals.
  15. Alvaro Sanchez

    New Investor. Market Research for Quebec?

    You can try: http://www.fciq.ca/immobilier-barometres.php?lg=en http://www.apq.org/default.aspx
  16. Alvaro Sanchez

    What Apps do you use for your Real Estate Investing

    Not mentioned above - Square (Take credit cards payments) - 10bii Financial Calculator - Realtor.ca - Stocard (Keep all reward cards in one place) - VoiceMailTel (To make outside calls using my other phone numbers)
  17. Alvaro Sanchez

    Ottawa area Realtor Wanted

    As far as I know Rich is not a realtor
  18. Alvaro Sanchez

    A/C issue

    You could give the option to share the cost or cancel lease . Depending of what they decide them amend lease or have a new that specifies shared utilities for a/c.
  19. Alvaro Sanchez

    A/C issue

    What does the lease say?
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