I use efax. Cost is $19.95 a month. Every once and awhile I will get some over usage charges - but very rarely. Note that the $19.95 is US. So if you like $Cad right now relative to $US, it is actually cheaper than myfax. My real estate partner uses myfax. No issues with either. Great...

"Only you, the NEW owner, after taking possession, [and not the current owner, wishing to sell it] can ask tenant to leave to occupy it yourself, in provinces like BC or ON, with some consideration of 1-2 months cash plus sufficient notice !" This IS ABSOLUTELY NOT correct in Ontario. A...

Hi Michael; You CAN search by Lot size - but its application is pretty limited application. I.e. you can search for lot size of 50 feet x 130 feet - as an example - and it will bring up every lot with his size - and nothing more. i.e. a property with 51 feet x 130 feet will not show up...

I would look to your market place for guidance. If your market place is what mine is, you pay for what you get. i.e. you pay bananas, you get monkeys. You should have a peak at what similar projects are paying for buyer agent co-operation. It doesn't make sense to pay 2% if the going...

I wouldn't touch it. If you contact City of Kitchener, they will likely ask how the property is being leased out. I.e. - to a group of students (family) or to individuals (lodgers). If rented individually, you will likely need a lodging license - which will probably not be available due to...

Adam Hoffman at Hoffaco is a REIN member and leading property manager in KW specializing in low density rental and student housing. He can be reached via e-mail at [email protected]. He provides great re-marketing expertise and is able to gear a personalized PM program suitable to your needs...

Michael; The Ontario Government is working towards a conservation approach when it comes to electricity. I just received notice of smart billing that will go into effect at my cottage shortly - with corresponding rate useage. Peak usage is literally double what off hour usage is. I am...

Please note that as of January 1, 2011, rental legislation in Ontario has changed regarding suite meters and as it relates to electricity. Note that if the unit is heated by ELECTRICITY (electric baseboards) in order to pass along some of the costs to the tenant, you must have TWO SEPARATE...

Go with a twelve month lease. Regarding hearing "that tenants have been able to break the lease and it is almost impossible to go after them" is complete nonsense. Even in Ontario. If you have a concern about tenants breaking leases, you need to evaluate your underwriting procedures. Do...

My understanding is that the rule has been revised to 8% based on lowering of interest rates since the initial book came out... Having said that, the 10% rule is a "quick and fast" ratio. The bigger, underlying concept is ensuring the property has positive cash flow and is located in a...

Of note, other municipalities are watching this very closely. Note that Waterloo is extremely regulated currently. If this goes through, watch for it in Hamilton, Kitchener and Guelph - and to a municipality near you. Rental licensing disease must be stopped - here - now - in Waterloo.

QUOTE (ErwinFromBurlington @ Dec 16 2010, 11:30 PM) "For student rentals, investigate the areas around Mohawk College for better cash flow opportunities than the areas around McMaster University. If you do invest in student rentals, check on them regularly. Students don`t like to shovel snow and...

QUOTE (Rickson9 @ Dec 12 2010, 09:37 PM) That`s an interesting question. Can an individual copyright legal documents? I have no idea. Here is a good response. Its from OREA legal. From a lawyer - not a realtor. Hopefully it suffices. If you want to interpret their response as "fear...

QUOTE (bizaro86 @ Dec 9 2010, 03:44 PM) Is using a blank OREA form without being an OREA licensee actually illegal though? I understand OREA believes it to be illegal, and will tell you so, but they`re not exactly a disinterested party. I`d be interested in getting an authoritative answer to...

QUOTE (bizaro86 @ Dec 9 2010, 03:44 PM) Is using a blank OREA form without being an OREA licensee actually illegal though? I understand OREA believes it to be illegal, and will tell you so, but they`re not exactly a disinterested party. I`d be interested in getting an authoritative answer to...

QUOTE (Berubeland @ Dec 6 2010, 09:50 AM) I am absolutely disgusted with Mike`s fear mongering. It`s sour grapes at its finest. You act like real estate agents are some kind of legal experts instead of people who have taken a minimal amount of correspondence courses. Truth is that every single...

QUOTE (ThomasBeyer @ Dec 3 2010, 08:12 PM) I hope people understand that this is a DISCUSSION FORUM .. a medium for exchange of OPINIONS .. a way to look at issues from different angles. I might suggest "Angle X" makes sense to me .. and other folks say "how about angle Y" .. or "I have done Z...

REIN Members; Nice article in today`s Toronto Star about Cambridge development: http://www.yourhome.ca/homes/realestate/siteprofiles/article/900107--cambridge-the-little-town-that-grew The Waterscape development referenced in the article is about 100 meters from a proposed transportation...

QUOTE (dplummer @ Dec 2 2010, 05:48 PM) If a property apprasies for more $$ then the purchase price ,why will the bank only use the purchase price for loan calculating? Yet if you were to re finance at some point the bank would then use the apprasied value for calculating the loan amount. I hope...

QUOTE (ThomasBeyer @ Dec 3 2010, 04:38 PM) I didn`t give ADVICE .. I gave an OPINION !! People are advised that any contract they use is at their own risk .. even if copied from REIN website or realtors or me or anyone ! You are telling me that I or anyone cannot use a blank OREA contract...