Hello Everyone, What other web sites would you recommend for Calgary? (1) rentfaster.ca (2) rentspot.com (3) calgaryherald.com (4) homesforrent.com Any feedback? Vic[/font]

QUOTE (markl @ Apr 14 2009, 02:33 PM) Or depending on your motivation and the appraisal price you could sell it to them for the exact price you bought it for years earlier just without the deposits. Every case you get to the end will be different there is no hard and fast rule to what happens...

Hello everyone, In the case of rent to own, the assumptions that are made based on the property value increase (say 3% over 5 years). What happens if the property values have actually decreased over that period of time? What price does the tenant pay? thanks, Vic

QUOTE (mattrussell @ Apr 3 2009, 08:28 AM) Any suggestions on some good introductory books on commerical investment? Matt I purchased a book by David Lindahl on multi-family. The author was recommended by Thomas Beyer. Don recommends a commercial real estate book posted on the REIN...

QUOTE (vandriani @ Mar 31 2009, 04:49 PM) We are considering renting our current residence and getting the heck out of Dodge. Apparently, it could be quite lucrative. PM if you want the name of a placement company. Does anyone know of a placement company that does the same thing in Calgary...

QUOTE (invst4profit @ Mar 30 2009, 11:43 AM) Have the sellers lawyer contact the buyers lawyer. If the sellers own lawyer is not able to convince the seller the deal is good you may be wasting your time with the deal. In the case of a "sale by owner" they need to be prepared to do business or...

QUOTE (MitchCollins @ Mar 30 2009, 10:18 AM) There is only one issue with having the offeror`s lawyer hold the deposit - The lawyer, unless he expressely underwrites to all parties to the contract, does not act as a stakeholder, and can therefore return the deposit to the offeror at any time -...

Hello Everyone, When we make offers in real estate, we have to make a deposit to secure the offer that goes in the realtor`s trust account (i.e., re/max or other). When dealing with realtors, the parties have to abide to a code of ethics and return the money even if the deal did not go...

QUOTE (PaulPoulsen @ Mar 24 2009, 04:21 PM) It pains me to say this because I hate the store but Ikea offers a very good product at a reasonable cost. The last time we put cabinets in a property it was 3-ish years ago so my memory may be foggy but it seams to me that the price was in the...

QUOTE (MitchCollins @ Mar 22 2009, 01:23 PM) From my experience with residential units, everyone who is going to be on title MUST also be on the applicable mortgage. So unless you are setting up your JV as a `caveat` or some other form of interest in the property, the JV partner will need to be...

Does any one know if silent partners appear on title? thanks, Vic

QUOTE (NorthernAlex @ Mar 20 2009, 08:20 AM) Good point, invst4profit. I meant this Austrian Laminate, which HD has on sale. Normal price is 1.19$ - 1.39$/sf. I bought the same manufacturer and product for us at home and did a couple rooms with it (BR, hallway) and loved to work with it...

QUOTE (greg12 @ Feb 28 2009, 04:34 PM) Such a report would be great to have, but might be tricky to create. My sense is that rents are all over the map at the current time, but overall on a downward trend in most markets. A report created today could be irrelevant a couple months later. In the...

Hello Everyone, I have not had to rent my properties for at least a year. In the last week, I have been trying to get one of my properties back on the market. I am finding that tenants are now blackmailing landlords of leaving if we do not agree to their reduced rents. The impression I have...

QUOTE (NorthernAlex @ Feb 28 2009, 11:40 AM) Thomas, thank you for this one. Great idea!!! Thanks everyone. I am located in Calgary. The tenants have been great so far. However, they have breached the legal agreement a few times by having additional pets that should not have. I have been...

Hello everyone, One of my tenants is planning to move out from one of my units. They have been good tenants and do not damage the property. However, though we have a newly renovated unit, the place is pretty untidy. Can a landlord force the tenant to keep the property in showing condition...

QUOTE (mortgageman @ Feb 27 2009, 06:16 PM) Keep in mind there`s lots of turmoil for workers at Scotford Shell these days. Lots of welders, etc. have been laid off or seriously cut back on overtime, living allowance etc. My tenant is a manager and has lost a seven percent living allowance and...

Hello All, Does anyone know how to remove discoloration in carpets from cleaning? I would rather not spend thousands this year to replace the carpet, but would like a cheap alternative way. Thanks, Vic

QUOTE (maynard @ Feb 19 2009, 09:53 PM) What I`m saying gang is McMurray is no longer crazy,just very busy. Projects that a near completion shall be completed,money is spent. Esso Exxon cash on hand is good they are taking advantage of material costs and ample available labor. Jan 09 cost 34.91...

QUOTE (CrystalInvestment @ Feb 19 2009, 10:49 AM) Hello Folks, Does anybody have a good accountant that they would highly recommend in the Calgary area? Thank you for your help? I have a portfolio of 8 properties and have used Albert Ritchot, C.G.A. He has saved me thousands of dollars of...