You know what it is Thomas :) Mobile Home Parks are the best cash flowing asset available. Corporations are buying them up like wild fire. http://www.mobilehomeuniversity.com/forum/list.php?1list.php For the small investor wanting one or two parks there is also the secondary income of...

No the rents are not at the right level.. Based on the asking price the rents are WAY too low although they may be at market. In which case it's the price that is wrong. With a purchase price of $600,000, 3%, 30 year (which I don't think is even available anymore) and paying yourself the same...

They likely don't post numbers because they are rarely as good as REIN suggests they should be. At least none I have ever seen. My last purchase was for $410,000, all costs included, and the rental income was, on day one, approximately $5000/month. Due to the nature of my property my...

My practice is - If in doubt say no. Since you have to ask if others would rent to this couple I would guess you are uncertain and I would therefor pass on them.

A year is common as tenants have up to one year to file applications at the LTB against former landlords. If however a owner/occupant has a reason for moving out in less than a year it may be justified.

Purchase price to rent ratio is not good on that property. $450,000 is way to high at $3000 per in rent. It needs to drop about $100,000 or walk away.

You will need a Florida lawyer to do the registration etc of the sale. My brother in law went through it about 7 yeas ago. Expect to be hit hard with transfer, state etc. taxes. I believe it ended up costing him about 40% of the sale price. According to friends of ours in Florida every condo...

For me I believe the SIN insures that you get the correct report. Individuals with the same name or similar could be screened in error. I do not completely trust any report not based on a individuales SIN. In addition because it is required on my application form the filling out of the form is...

Interesting, I am also retired from Bell but your brother in law may be before my time. As far as investing in Alberta is concerned that is beyond my scope but I can definitely advise not investing in Ontario. The situation here is such that I have moved out of owning rental buildings and...

That is the key to screening. When we screen we are in fact looking for reasons not to accept an applicant. Attitude, appearance, income level, employment, credit, pets, smoking, source of income etc are all viewed from the perspective of "what is wrong" or where is the risk in allowing this...

Then put a owner of the ranch on the lease otherwise it may be difficult to collect in the future. You do not want to be chasing a corporation for back rent and damages.

Professional tenants (criminals) are very likely to show up with their own credit report and are usually slick enough to convince most landlords that they are the salt of the earth, reliable, upstanding socially conscientious and morally just to the point of being bitterly sweet. Never trust...

A personal credit check is definitely relevant and should make up part of your screening process. How a individual manages his personal finances goes a long way to determining how he will operate his business finances as well. Look at his credit history in regards to what bills he may have...

You will need to confirm with the city/township if it is legal to operate a business from that location. If it is approved you would be wise to use your residential lease signed by the primary owner of the corporation rather than the corporation. This will protect you in the event the...

AS I have indicated in the other thread it is legal in Ontario to require a applicant to provide their SIN. It is optional on the part of applicants to provide their SIN. It is optional on the part of landlords to accept any applicant that refuses to provide a SIN. You will not find on record...

Refusing to provide a SI# isn't simply about my ability to do a credit check the filling out of the application is the first test applicants must pass. Legible writing, spelling, sentence structure and providing all information required is all being scrutinised in regards to their potential as...

You are mistaken in your interpretation of the Human Rights Act in regards to a landlords rights in rejecting a applicant that has refused to provide a SI#. To my knowledge there is no case history to show a successful challenge involving a landlord having rejected a applicant for refusing to...

Corporate landlords will not rent to any applicant unwilling to provide their SI#. Do they know something others don't. I have had many applicants that have questioned or refused to provide their SI# over the years. I explain that providing their SI# is not optional if they wish to rent from...

The hit on ones credit score is negligible and quickly corrects itself. Refusing to provide a SI# to a landlord goes much deeper than simply wanting to protect their credit. It indicates lack of trust, possible deception and is denying a business person the information needed to properly protect...

Landlords need to be aware that the credit report a individual obtains on their own does not include all the personal details that a proper credit report includes. I often have applicants not wanting to provide their personal information, SI#, or wishing to provide their own credit report. I...