So I’m left in shock this week. A tenant I had that was on a year lease, moved out three months early. It took me teo months to find a new tenant. I took them to “court” via RTDRS. At our hearing, the tenants tell her that I said, despite having a year lease, that one month notice was okay...

So I’m left in shock this week. A tenant I had that was on a year lease, moved out three months early. It took me two months to find a new tenant. I took them to “court” via RTDRS. At our hearing, the tenants tell her that I said, despite having a year lease, that one month notice was okay. I...

I own a condo that I rent out. The dog size rule is 15 kG (33 lbs approx). My place is empty now and I have a really good prospective tenant who is a doctor wanting to rent the place. But he has a dog at 45 lbs. I’m wondering what to do. What can a condo board do if they find out? What...

Hi, So I used to have insurance for my rented condo, just the basics, which came out to $113 per year. I mainly wanted it to cover a rare pipe burst, legal liability, and so forth. Somehow while I was, this insurance got canceled and the company I bought it from is gone. I remember REIN...

Thanks for the advice Thomas. That's a good way of looking at it at this point. The special assessment, around $800K for 24 units, was mainly for something that had to be done (I forget at the moment but was a critical fix to avoid moisture getting into the building) and since they were already...

This has been a thorn since the first year when prices collapsed. Bought in 2007 for $255K. Today, I'd say it's "valued' at around $225K BUT with the special assessment attached to it for 15 years, this value is likely dropped to $180K or something like that, which is less than what I owe. I...

When I was getting $1575, I was cash-flowing around $200+ per month. But then I got hit super hard when the market dropped two years ago. Not only did rent drop $500 per month BUT I also got hit with a special assessment. Basically, it's around $260 per month for 15 years. So it was basically a...

I’m pretty sure many here didn’t see interest rates going up yet but they have and seem to be going higher. I’m assuming not too high but curious to hear your thoughts on where you think it’s going.

Just wondering how you research rental prices to know when to increase rents. I have an apartment I rent out in Killarney Calgary. 2 bedroom. Used to go for $1575 per month and 2 years ago I had to reduce it to $1150 when Calgary’s market crashed. Lease is up in May and I’d like to raise...

What do you mean by "150 is below the price per unit of a whole building". Excuse my ignorance :) Good point. The current loan has a 5-year am so at that point, I'm assuming we could all make that decision. High interest rate of 5.8% so the $33,000 assessment (per unit x 24 units) ends up...

Thanks for the assistance. I can handle it for now. If I could get $225K, I'd sell but as I mentioned, one guy was selling a 2-bedroom (a bit smaller and on the 2nd floor) for $150K and didn't sell it. So if that's how it is right now, I'd take a massive loss from the look of it... I was...

I've had a 2-bedroom apartment now in Killarney, Calgary for the last 10 years that has been a thorn in my side. I really can't imagine a worse investment and although I likely can't sell at this point, I thought I'd ask the question to get a professional take on it. 2-bedroom apartment - top...

hmmm, pretty much no emails since really. Just texts about showing the place, which have been unsuccessful (the showings).. Utilities can't be stripped out due to condo fees but I can definitely play with the DD and 3-month bonus so to speak. Everything is taken care of as it is a condo...

So, my tenants are now moving out. Brutal time but it is what it is. They were on a year lease until this past May. They then wanted to buy a place so they asked me if they could go month-to-month providing they give me 2 months notice. I thought that seemed very fair so I agreed. However, I...

## Considering the opposite has happened and real estate has plunged once again (my condo I bought in 2007 is not worth about 35% less after 8 years if work), where do you think interest rates are heading now? Do you think they will still stay rock bottom until 2030?

When you say 4PLEX, would that be similar to 4 side-by-sides. I'm thinking basically 4 attached townhouses. For SQ Ft price, does that mean total square feet of the main and second floors? In terms of pricing, the $600K was for just the properties but that's about $150K per "townhouse" The...

Awesome Thank you. I will find out. I am in Calgary fyi :)

I'm in Calgary. So I'm guessing this is highly risky? If we spend $20K on drawings and the bank says no, that's it? We lose the $20K?

I think just having a stove makes it an illegal suite right? They would want their own kitchen, etc

Thanks Thomas. What do you think would be a rough estimate of something like this? Basically, the plan would be for my wife and I to "buy one", my parents to buy another, my sister and her husband to buy the third and the fourth to be maybe a rental....