Are you Ontario? If not what Province? That dictates different rules.

The word document/rental agreement (lease template 1) seems more applicable to an apartment building, some aren't conforming to Ontario Residential Tenancies Act and would be disputed in mediation in addition to being taken to the Human Rights Commission (i.e. children), attire, etc. In...

Many times I receive calls from non-members who participate here at the REIN` forum. Realizing there's a need in the General Discussion area for Barrie, Innisfil & Orillia Real Estate Investing so posting this thread. Not everyone may have the opportunity of being a REIN` member yet. There...

Thanks for sharing Andrei - great post! And of course, make sure you can legally build a suite by checking with local By-laws :) So true, when we see stuff we say "what were they thinking??"

For future, always do a move-in checklist with the tenants upon first taking possession. This potentially could have been avoided unless, and it sounds like from my professional opinion and experience they're using these as excuses and could have potentially just found something cheaper or some...

One that just happened recently to some friends/clients and feel compelled to share: Absolutely do NOT sign a declaration that you are going to live in the property just to "save on the interest rate" when your intention is to use an investment property. If the mortgage broker says this is ok...

Awesome to see you caught up with Joe! Yep, you can give me a call to chat anytime too or email me via InvestingInBarrie.com I'd post my email here but don't want the "spider web" to catch it as it's a public forum ;) We are a great community here and surrounding yourself with like-minded...

It can be structured as first month's rent and strongly suggest the lease agreement be drawn up once accepted. This way, the tenant would be in breach of lease agreement/contract and liable. This would be in accordance to the Residential Tenancies Act and totally within the Landlord's right. The...

Welcome and ditto on what Joey said :)

All excellent posts/suggestions. I would like to add - "don't beat yourselves up". It's never too late the fact is that you're realizing now. It's these experiences that help all of us realize what it is we want/need to do and what we are going to do with that information to guard ourselves...

First of all, welcome to our family :) You can now post in our members only section and can get some really great tips exclusively too. Just wondering, why only Toronto?

I don't but just "bumping" to make sure someone that invests there can help you out and get your question answered.

People can definitely buy from out of Province and not have seen for themselves but really, really important to work with a Geographic specialist, develop a relationship and have on your team to be your eyes and ears, see the property and report back to you. Definitely have the home inspection...

Time and patience... Excellent posted. Tweeted that ;)

her again? I will focus on her "why I was wrong about REIN" post lol

Oh Lord...Trillium. The property from hell. Hey, I agree with you. As your Realtor and Property Manager it was truly a growth experience for you. You also tried to give them an opportunity for home ownership and they had the big cash downpayment which is also what "sucked you in" and overlook...

Oh many years of experience and many, many stories. Just feeds the negative. Some funny, some not-so much. Hmmmm...let's see how's raw chicken in the vent/duct work and the tenant stealing the air conditioner in the high summer season. Yeah, that was a new one. Duct cleaning people didn't know...

Great advice so far. Well, you've come to the right spot so that's a good first step. Welcome!

James McDougall 519-212-2046

I (as well as some other colleagues/friends) are looking for a good one in Whitby please. Must have good references, good track record. Thanks very much!