I highly recommend Gord Nevin 905 767 5572 REIN member and invests in Oshawa himself After joining REIN I met Gord, started using him right away. Have bought 10 places since. 9 places thru him and 1 private sale in last 2 years. By the way, he helped me write the private offer, even looked thru...

QUOTE (holymoly @ Jan 13 2010, 03:15 PM) Opinions vary on a few of these questions as I`m sure you`ll see from other replies. But I`ll give my thoughts I expect my tenants will want to stay after their lease expires in June. Never having renewed a lease, given tenants` deposit interest, or...

All my properties are currently in Ontario, and while I agree that the rules seriously favour tenants, I also believe that if you have nothing but trouble with the system, perhaps you`re getting the wrong people. I had many of the same problems in my pre-REIN days, actually tried to unload what...

QUOTE (margaretcowan @ Jul 16 2009, 11:43 AM) You`ll need to make sure that the renovations are extensive enough to necessitate the tenant moving out, on a big enough scale so the tenant couldn`t still occupy the unit while you were renovating. Do some research on this. Otherwise, you might...

QUOTE (MKBridge @ Jul 16 2009, 11:30 PM) Ok, I am not having luck with purchasing real estate! My first three have attempts have fallen through the cracks. This last one makes me so frustrated. Great townhouse complex, good location, completely remodeled unit from top to bottom, excellent below...

QUOTE (Ally @ Jul 2 2009, 12:01 PM) General Motors Corp. will build a new luxury stretch sedan called the Cadillac XTS at its assembly plant in Oshawa, Ont., according to suppliers briefed on the automaker`s latest product plans. The new car, together with the upcoming Buick Regal, a redesigned...

I also am from Peterborough, now live in Bethany. My first 3 properties were pre-REIN and are in Ptbo. It took me 10 years to do that. I thought I was finished. I couldn`t get mortgages. I have bought 10 properties in 18 months since joining REIN and am trying to sell 1 of my 2 remaining...

I`ve heard it recomended to do a list of all duties the real estate expert takes care of. I`ve started my list so I`m prepared for the question. Anyone already done the list and mind sharing? I`ve got a few units and have done the work, but might be forgetting a few things. Any help would be...

Is there a way for me to obtain pictures taken @ REIN events such as award or pin presentations?

QUOTE (GaryMcGowan @ Apr 28 2009, 12:00 AM) However we took ownership of three properties where the previous owner did not pay any interest the Tenants. So we decided to pay what was owed to them. It was a great welcome the new management style and new owners. We where able to gain allot of...

QUOTE (invst4profit @ Apr 2 2009, 11:02 AM) The only thing I would add is that you never hand over the keys until you have cash in hand. A check for any amount owing on move in day is not sufficient at that time - cash only if they leave it that late. Remember it tales a week or more for a check...

This works very well with seller occupied properties as well. In most cases we have 1 months rent in hand before we take possession. This also allows you to make your possesion date late in the month, so your costs while the unit is only for 2-3 days. Just enough time to change locks + clean

Hi, [/size] I`m considering REIN membership and attending Toronto ACRE program. I don`t have any rental properties, nor RE experience. Of course a lot of questions. Now the big question is how does the new Harmonized Sales Tax affect RE investors in Ontario? If you`re going to pay an extra...

I agree. Always get a co signer for a student Usually for anyone that young And if their parent won`t co-sign? Think hard.... Their parents probably know them pretty well and have good reason not to co-sign. I have even used co signers for more mature tenants. Maybe they have good job but bad...

QUOTE (Bottlejack @ Apr 1 2009, 08:21 PM) Can i require tenats to pay First and last months rent now if the first month is a few months away? eg.. tenants want place for sept 1, i know i can ask for anything, but legally is it allowed. i live in ontario. i know that in ontario you can only...

QUOTE (investmart @ Apr 1 2009, 09:03 PM) Hi, When accepting a new tenant do you adjust the first month rent so that from the next month rents will be paid on the first day of each month even if tenant enters unit in the middle of the month? This way all rents eventually are deposited on the...

QUOTE (jessandy @ Feb 21 2009, 11:21 AM) similar question... IN Kitchener/Waterloo, i`m looking at a PM company who charge 1 month`s rent to find a tenant (+ advertising costs), is that a normal fee? Is he just finding the tenant, then you manage it after that?

I am having trouble with the CMHC fees not being correctly accounted for in the Financial Analysis & Proforma. [list type=decimal]When I choose to have these fees added to the mortgage, it subtracts the Revised mortgage principle from the purchase amount, giving me a <negative> downpayment...