This is a different topic, but why would GMAC not renew? Kir.

No answers here as to the magic split ratio (50/50; 60/40). What would you do if the main tenant (the one that has a contract with the utilities company) doesn't pay and there is a natural gas disconnection and it's winter? What are the landlord's duties to both tenants? Kir.

Hi VaughnandTwila, I'm curious to know what you end up doing?

The 1/2 inch is quite a bit. Could there be cracks in the concrete? I would determine the source of the leak to avoid future issues. Kir.

It's a great area. It's centrally located and largely a desirable place to live. I would consider buying into this area and relocating my family there as a principle resident. Vacancy is going to depend on rents of course. It's nice, but I'm not sure if cash flow can be achieved. I...

HI, I'm using the Ufile software and have never dispose any rentals yet. This will be my first rental that I sold, out of 5 rentals still remaining. When dealing with the software, there is a question , "Did you dispose the assets in this class? " What does this mean? There is suppose to...

I guess you can take anybody to court, but enforcing a collection judgement is not going to be easy or successful for people on subsidies. I think I learned two lessons: a) if you are going to evict...do so immediately. Sometimes renters have pretty good excluses...like , "My government...

Thanks for those that replied. It's good to know one's options, if any. We figured it was better left untouched and let these tenants go free since there are legal fees and the possibility of them coming back and breaking a window, or two , is a real possibility. Kir.

Hi, we have a court Judgement for a renter who were evicted by the bailiff just recently. After applying for a Writ of Enforcment, Is it possible to collect (ex. 50 dollars a month for the next 24 months) from their social services subsidies (ex. AISH or from Alberta Works subsidies)?? Does...

QUOTE (RealtorAssist @ Dec 3 2010, 05:44 PM) This is my triplex in Winnipeg http://mymortgageterminator.ca/17th-proper...h-class-living/ Got it for $75k. Bank would not finance it. Had to buy cash. Currently renovating. It`s commercially zoned, but I have TD agreeing to refinance as...

Well, in the future, I`m going to have to try to collect first months rent, last months rent, and the SD. The last month rent is supported with a separate agreement, outside of the lease. Well, thanks for the tip. Kir.

Interesting, I never had a ruling by a RTDRS Judge for the 75 dollar filing fees. The court clerk states it is very rare to be awarded the 75 dollar filing fee. I never heard of a lease in Alberta charging first and last months rent. Am I missing something here??? Also, if the renter paid up...

QUOTE (Nicola @ Nov 17 2010, 10:46 PM) Yes, I live in Korea and only make it to Canada once a year at most. This is one of the reasons for my question. I sometimes think we are being overcharged because we are so far away (and aren`t familiar with the going rate for certain jobs). I also wonder...

QUOTE (Nicola @ Nov 11 2010, 07:55 PM) We`ve just got a bill for some work done (reinstalling a shelf). We were charged $55/hour (plus materials). The total time was 5.25 hours. This included his travel time to the house and getting the materials needed. Is $55/hour reasonable for a handyman...

Thanks Thomas, but I think we mean the same when I say "amortization" and you say principal pay down. Kir.

REasons to invest: -cashflow -equity -taxation -amortization To me if cashflow isn`t so good, then other areas should be better. The best is if all 4 areas are considered. Kir.

Hi, I`m a Geomatics specialist and can do mapping/database (at work 9-5 job). Like all tools, the cost-benefit must be assessed. I do have the Arcview tool at home (also Mapinfo). However, I find I don`t have time to get the data and map things out. I think it would be great for making...

Noise is hard to get rid off. You can dampen noise by padding their speakers so that it isn`t vibrating the walls as much. The walls separating the units should already be staggered and has thick drwalls (5/8 inch). -don`t let the speakers touch common walls -move the speakers away from the...

Hi, If I lease a commercial building , ex. with a monthly rent of 20K, what would the agent involved be collecting in terms of commissions? How is it usually done? Thanks, Kir.

HI, Do you think HELOCS will be back at the prime rate only and not Prime + .8% ? Thanks, Kir.