If you have a forced air furnace you could put the furnace on the summer switch so the fan stays on all the time, what this does is circulate the warm air from up to down and visa versa and the fan on continuously uses very minimal electricity. I do this in my suited houses and it makes a big...

I agree with Matt For the first few properties doing it yourself is worth it as you'll get to know what goes where etc. and Quickbooks is quite easy once you figure it out. Lisa

I totally agree with you Sherilynn, also if you don't say much, people tend to fill the gaps and its surprising what they give away.

I love the idea of Skype tours

Could the new rules perhaps bring back the "Owner financing"?

We do e-transfers also, we love how easy it is to keep track of payments, especially when applying for a mortgage etc and proof of rent is needed. Just a hint, I have the tenants use their address for the answer i.e. 1242580 is for 12425 80st, that way its easy to remember if you have multiple...

Hey Thomas Just curious what OM stands for, I specialize in houses, so perhaps this is a commercial term. Thanks a bunch, Lisa

Wow, not sure how this is bad advise, I've built a 4.5 million portfolio doing this (approx 7 years), keeping 20 percent equity in each property and continue to enjoy cashflow. I could've retired at 37 but enjoy it too much. Lisa

There are many variables here to consider, such as the size of your current portfolio, risk you are willing to take should you get stuck with the property and what you plan to do with the property. Be vary careful here as many banks will not lend on these, especially if it ever had an unfit for...

Good idea in theory, however the banks often still require proof of payment to match the lease, i.e. cheque stubs, bank deposits etc.

Hello Regarding oil and a waste of money for enzymes regarding oil, this is correct, hence the reason oil, construction debris, drywall mud, clumping kitty litter etc is not intended for household drains. No matter what you do, if oil is placed in the drain it will clog. Nothing will prevent...

Hi SVS This is an enzyme cleaner, they really do work great. The company I used to work for (similar to Mr. Rooter) also sold this. To save ALOT of money just got to the hardware store or even Walmart and grab a bottle for approx $8-10 and it will last about 6-8 months for a two bathroom...

Hey Stepchuk This also happened to us, I sent them a kind email explaining that I was not a large company, but a small landlord. They then released me and allowed me to post as usual. I now ensure not to post more than three at a time. Please note deleting your account won't work as they track...

Hey Thomas I must say I always (often giggling) enjoy your answers as you always say it like it is, its great. Lisa

Hey SVS Has the paint turned out well for you? i"m always skeptical of these things on old appliances as tenants are hard on things Lisa

Hi all I highly recommend Fort Road appliances, I have used them for approx 7 years, the owner has always been great to me, he knows what I want when it comes to repairs or replacement, he's honest and has no problems delivering if I'm not on site. His repairs are more than fair in price. Lisa

This is excellent

Hey everyone I'm going to add my two cents here. DEBT in NOT a bad word if used correctly. I always joke that most people would dream to win in the lottery what we owe to the banks. However taking on GOOD debt has allowed us to accelerate our wealth creation must faster, and we have found...

Hey Everyone I recently had a tenant go crazy on me, all his references were great (He rented from Boardwalk for several years), his credit was good etc. Then he lost his welding job and went nuts, (he may have been bipolar)literally. he started texting me threats, incredibly scary, however...

Hello again I might start by saying that I bought my properties in my personal names, so not sure if this makes a big difference. I also know that the city has been cracking down on businesses that don't have a business license, I also own a Plumbing company in Edmonton, the city of Edmonton...