Versus works well, I've also tried it - if you are looking for a singular analyzing program.

Graham, I'm answering from the business perspective. Organizing and implementing systems is best done when you are not busy, if you wait until you have many properties, you will be overwhelmed with the data you must enter into the database in order to maintain it moving forward. This is...

Going back to the original post, I have a great relationship with all my tenants, through my property management right to me - I am very good at having the friendship / business relationship and both parties know where the line is. Many may not agree with it, but when my tenant is doing...

That's because they are driven by money and not the WHY. You obviously do not want more properties, and enjoy doing renovations as a 'workaholic' but I would guess there is an underlying level to that also. I'm only speaking from my own experience - I can tell you that I feel more 'at...

May I politely suggest that being a workaholic, being always "busy" means a person is running from something - do you know how I know that? Once I looked deep into why I worked 14 hour days "for them", it became evident - personally, my freedom, lifestyle, money and all the rest was just for...

This is exactly my point, we don't do things from FEAR, we move AWAY from the PAIN we have learned motivated by our WHY to get where we want to be with Real Estate. The more clear you are the harder you will commit.

Fear is not a motivator, it paralyzes. When you are able to face your fears by having A powerful WHY Confidence in yourself Commitment to the WHY you will be able to assert ACTION. I don't know anyone who is driven by fear - do you mean FEAR of going back to working at McDonalds for...

I want to refine what Michael has said here, you have a great WHY and you should keep that, DEEPEN it and as long as you keep that in your mind, the HOW automatically comes because your brain will search for solutions to achieve the WHY. If you focus on the HOW, you are money driven and you...

A Serial Entrepreneur ` that`s me, someone who just loves working ` all the time. I lived my life focused only business, developing, running, and working. I was the best at everything ` marketing, sales, desktop publishing, accounting, you name it. I was an entrepreneur trapped in my own...

Just wanted to send a shout out to all the team for the fantastic bus tour in Toronto, Durham, Pickering today - I know it takes a LOT of hard work to plan a day like this and all the area experts ,volunteers, and accommodating facilities were fantastic! This is why REIN is at the top of...

Hi, when people say 'a modest 3%' it's just assuming the market will move in that direction because based on all historical appreciation, the 'average' is about 5%. Now keep in mind that 'average' means nothing when you are talking about specific investment properties in certain areas. If you...

Let me welcome you to the crew Jefferey!!!

Hi Greg, Thanks for your comments - I do understand which type of tenant you are describing and you are right, I DON'T want to be in that situation. The one thing I avoid is inheriting tenants - because I have such a high standard of selection (just ask the people I work with) there is...

Yes, I've used Verus and it is a good program using the REIN system. It has some very great reports. If all you want is an analyzer, there are many options such as Verus and REMA and even your basic Excel spreadsheet. The reason I like REMA is because once you have analyzed your property...

Very well said indeed Thomas. I agree everything should be delegated. I have my hands in the decision process somewhat right now but leave a lot to my team whom I hand picked also, know what I am looking for and whom I trust. Its like all the employees I had in other businesses - if they...

Thank you Doug. We have to realize that potential challenges such as what you described can happen but we have total control to try and filter out the bad seeds as best as possible. I wish you all the best in your tenant selection!!

In Real Estate investing, there are a lot of `drive bys` but not the ones like in East L.A. or downtown Detroit. The 'no-shows' are the potential tenants that are supposed to show up but never do leaving you waiting for hours. Why didn't they show? 9 times out of 10, these tenants HAVE shown...

What does your LTV look like? How are you protecting the investor if you go more than 80%? True, the equity must be there and it takes a while to build that to use which is why I don't have RRSP seconds placed yet. I do however have many investors begging to use their RSPs on top of the...

The bank will allow a second mortgage in place up to 90% - however this is risky for the investor so to protect them, I suggest the LTV WITH their second in place is 75-80%. The benefit is taking this money out and having a balloon payment at the end which increases my cash flow for a 2 or 3...

Which are you talking about?