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  1. A

    Business licence and residential accommodation Permit - Edmonton

    Does your properties have three suites or more? If so they consider it commercial rather than residential and can ask for a yearly business license. When I legalized my triplex they informed me of this, however I haven't had to yet though.
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    Benefits of Fixed-Term Tenancy in Alberta

    Hey Sherilynn Regarding the 3 month leases, have the banks squawked at this? When I have applied for mortgages they did not like anything less than a years lease, they also wouldn't accept month to month and I was asked to convert to fixed term (tenants had no issues with this). I like the...
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    Hey Sherilynn, do you have a 2 or 3 bdrm suites coming up that allow a labrador dog? Current...

    Hey Sherilynn, do you have a 2 or 3 bdrm suites coming up that allow a labrador dog? Current tenants of mine have friends coming from Quebec shortly and are looking for a place and i haven't any at this time. I haven't met the friends but if you have anything I can pass your name along
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    House Appraisal and Reno question

    Hi Sue This is a tough one, I had the same issue last year, the appraisal was poorly done and the appraiser was in a rush, suffice to say it came in $90,000 less than market. The bank agreed to send another appraiser one week later and low and behold it came in at market, however the bank...
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    Benefits of Fixed-Term Tenancy in Alberta

    Hey Sherilynn Fixed term leases are awesome, thanks for the great explanation. Lisa
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    Agreement For Sale vs. Vendor Take Back Mortgage (VTB)

    Just a thought here: In real estate there is always risk, perhaps AFS, etc are more of a risk then say buy and holds. However with risks, often comes great rewards, yet the investor has to enter with his eyes wide open. I myself have taken great risks on properties that the weak of heart would...
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    real estate newbie

    Great reply Guys I especially like the part about bag lunches, brewed coffee etc. Many people don't have the mind set to do this, however as you've stated having a goal makes it that much easier. Once you reach your Belize, those same friends who may have called you "Cheap" will now call you a...
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    real estate newbie

    Plumbing can be hard, but if you look at my picture i'm not very big and I lift hot water tanks etc on my own, the key is do it smart, i.e. with the use of Dollies etc so you protect your biggest asset, your back. I am a service and repair plumber, when the economy goes down I am never out of...
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    real estate newbie

    Just a thought here, even though you said not a plumber, it can be a great trade where you'll always have work. I'm a plumber, I chose to do this trade as it was a way to secure my future and get into real estate later in life. The key is learn the trade, make the money and then invest in Real...
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    IMPORTANT CHANGES TO HOT WATER TANKS that will affect ROI

    Hi Amin I will try and see how to upload it, when I tried yesterday it said it was too large. If you email me at [email protected] I can gladly send you the article. Lisa
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    IMPORTANT CHANGES TO HOT WATER TANKS that will affect ROI

    Hi Ryan On demand systems can be great but also have issues depending on where you are located. I recommend them if you're limited on space. However they have issues such as : take longer for the hot water to get to the fixtures as the unit has to heat the cold water in the line, if you have a...
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    IMPORTANT CHANGES TO HOT WATER TANKS that will affect ROI

    Hi Everyone IMPORTANT Please let all the owners know that if their hwt's are going to need replacing within the next 3-4 years they should be done this year as these units are being phased out by March 2016, they will no longer be making these atmospheric units (metal venting) The...
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    Urgent - Can I get a deduction for assuming a mortgage at a higher interest rate at purchase?

    Hey Thomas Are you saying that with an AFS one does not have to ask the bank for permission? How does that work? I ask as I'm new to AFS. This is very interesting, I always appreciate your posts as you are very intelligent Lisa
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    Residential Tennant Dispute

    Hey guys Geez the lady sounds awful. I wonder if perhaps your property is due for more work on the yard, exterior of the house etc so that you're there everyday. I've done this with tenants in the past whom I knew wanted to avoid me, they gave notice the following month (Smiling). Lisa
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    Recommendations on how to fix Air in Water Pipes problem (or a recommended plumber in downtown Toronto)

    Hey Matt I wish we were in Toronto to help you out. One thing you could check is perhaps what pressure is coming into your house from the city as it may be too high (but usually all the quick closing faucets would make a noise). The water hammer is created by a quick change in pressure. If...
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    Can REIN work for me right now

    Hello I would just like to add that REIN can significantly save you time and money in the long. I myself at first grew my portfolio alone and joined later, with that being said I fully believe that I could be even farther that we are now had we joined REIN early on. Many people are scared by...
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    Recommendations on how to fix Air in Water Pipes problem (or a recommended plumber in downtown Toronto)

    Hey Matthew I am plumber here in Edmonton, the plumber you used is correct regarding these faucets (usually Waltec two handle style), it is because they are quick opening faucets. You can try to open them fast and see if they do it, or also try to open them slow (can't remember which it...
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    Vinyl flooring or Hardwood flooring on stairs

    Hello I would definitely go the better quality vinyl as tenants are hard on things. When I change out flooring I always consider the longevity of the product as often its the labour thats the most expensive part and I find putting in a better quality product saves me money over the longterm...
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    Bed Bugs

    Hey Sherilynn Thanks so much for the great info Lisa
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    Bed Bugs

    Hey Sherilynn Which company did you use to do the heat treatment? Lisa
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