This is one of those unfortunate situations that you hope you don't have to deal with. It's also one of those situations were you have to decide how far you want to take it and if it's even worth your time. You stated you have half month rent and holding deposit? (I'm not familiar with the...

OK so there is more to it then just the lawn. You have send notices, Seems like you are on your way to doing the right thing. Do an inspection weekly if possible. All you need to do is 24 hr notice. If they don't want to, you have the key to the house and go in. Be a pain, document everything...

You would want to give them written notice as to giving them a chance to correct the situation. My advise would be to not leave any lawn maintenance up to tenants. Last thing I would want is to have my props become an eyesore in the neighbourhood. Even if you were to put in lease tenant being...

I will definitely do that and thank you for the advise.

I have done some research on finding (rental) or larger multinational companies (Calgary Area) that specialize or are looking for fully furnished exec. family rentals to foreign workers on 1 or 2 yr leases. Could t seem to find anything. Is there such a thing?

Dealt with the above issue. Decided to follow the 'human approach' first instead of an official notice. 1 car, turned out,was insured and registered and asked for copy of registration and pink slip insurance. They will put license plate back on right away. Other car was indeed uninsured and...

There is truth to the above statement. That is; if you are indeed a more passive investor and buy and hold and not wanting to stand out and simply fill the place and collect rent and defer any (capital) improvements. It's a strategy you could follow. Many do. Don't necessarily like those...

Very helpful. Thank you.

what exactly is the risk for a landlord by having uninsured/non registered vehicles parked in an assigned parking stall. I have it all covered off in my lease contracts, however never really looked into why this is. Cars are not salvage cars, just nice cars that aren't in use I assume, and both...

I was blown away with the difference in premiums as well as coverage through Park insurances I had everything converted within 2 weeks after the initial post on this forum. So I should really thank everyone for sharing their knowledge.

I would say the property would have been worth about $550k in 2014, and the rents should have been at least $1600 but I need to see it in person before I make that call for sure. Ok, you really have to stop it now, cuz at those values Cold Lake is all of a sudden becoming a lot closer for me

Ok, again it's always hard to comment when not all details are known. It's seems that if there is a court order to list it for 345K, that the remaining balance owing needs to be recovered with the remainder of the sale price going towards selling fees such as lawyer and realtor etc. I'm just...

In order for any of us to comment on wether it's a good investment, we need to know more details. But.......for the sake of calculations, let's assume all utilities are individually metered. Putting your prop tax on 4000 annually and your insurance is going to come in at appr $2200 annually...

This court order you are talking about, is that a divorce settlement order or is it a foreclosure or judicial sale. If it's the first, it should have never come to this point as u would have been better of negotiating that settlement. if it's the second......offers needs to be unconditional...

The missing info is if any utilities are included in rents. Gas, Electric and water/sewer separately metered would make this a pretty darn decent cash flowing investment with 20% down. Including a washer and dryer depends on the market you are in and comparing what similar units offer. As far...

@darkness05 As long as you are sure you can indeed refinance. Private money would not be my cup of tea. Last time I talked to someone they borrowed Private money on a 1 yr deal, but had a hard time qualifying through traditional channels before the year was up, still ending up with a high...

@darkness05 Any cost you would have had, wether it's a PM or cost you occurred yourself you are entitled to deduct. About breaking leases, there is very little you can do about tenants walking out of their contracts. You get to keep the security deposit and hope for minimal losses. As...

Hello, Between nr 1 and 3, if you would be able to use your own money (LOC) to buy 6-8 suite buildings, you could surely do the same for nr 1. Accessing LOC money still comes with a payment each month and might mean any purchases you do for nr 1 and 3 might not give you the desired cash flow...

Its not so much wether you agree with anyone, it's more about how difficult you want it to become and how much time you have to spend on this. You were asking for advice and opinions. They can differ as you may appreciate. But both replies agreed that it would very much depend on how the market...

Have had that on a few occasions. I usually give a full refund, but to be fair, on all occasions I had 3 to 4 weeks to find a new renter in good rental markets. In your friends case, it's June 8th so he has about 3 weeks left. He could charge a little for time and advertising. Not uncommon...