Cash on cash return is the return you get on any cash investment you make into the property. Usually the downpayment. Equity and appreciation are not counted when calculating Cash on Cash returns because it is not a readily accessible source of funds (cash) For example if you paid $1...

In Ontario you can give a 24 hour written notice. That`s it. You don`t need to state a reason except for inspection. I have also never heard of a case where someone was called to defend themselves in front of the adjudicator just for entering a suite for legitimate reasons. I would really...

In Ontario you may never contract out of your responsibility to maintain the premises. Light bulbs and fuses are consumables and replacement is not "maintenance" Having said that... I`ll change light bulbs for seniors. Light bulbs are also all working or replaced when the unit is rented.

I didn`t say it wasn`t possible, I found one myself this spring a big fat 12% cap. (Once Rented) 7 apartments and 7 store sold for 1.2 million. My question is how many investors are finding them?

http://www.thestar.com/article/252817 This is a recent article in the Star. I also researched this subject. I looked through the last six months of cases at the Human Rights Tribunal. Not one was a judgement against a landlord. A few made it before the Tribunal and were abandoned. (the tenant...

House for sure. With condos you run the risk of increased condo fees. With attached houses you run the risk of crazy redecorating tastes to the house next door. I saw an awesome example one time. The house was painted bright pink and featured a sizable statue of Mary on the front lawn.

Garth Turner has some VERY good points. He`s a product of the overheated Vancouver market. Can anyone here say that buying a house in Vancouver makes a whole lot of sense with a 0% down like many first time buyers have been doing? The first thing Don`s books talk about is finding properties...

I find basement apartments don`t attract the best tenants. They are harder to rent and have higher turnover. It depends on your area and the demand for inexpensive apartments.

I also rent to people with bad credit. I would rather not but when you`re in a bad area or renting a basement apartment you have to select from the people who apply. A suite can`t stay empty forever. Anyone with a job and good credit could buy a place until April 19th of this year. Now that...

They can live up to 18 months without food. They also travel. I am told that in some buildings in Parkdale bedbugs can be found wandering the common areas even. They are discussing a private member`s bill here requiring buildings to disclose bedbugs problems to potential tenants for 5 years. I...

The problem with bedbug is that residents are in a panic about them. Here is Toronto buildings specifically the low income ones are accusing the tenants of bringing them in. While somewhat factual it ignores a few significant points, once one resident has the bedbugs they spread. A significant...

I`m not at all against apartment buildings in fact I`m finding that in Toronto the properties over $1,000,000 start being saner as far as price/rent ratio goes. As an apartment building owner you must absolutely be on the ball about quickly and aggressively dealing with any pest issues...

I wish it were in my area. In Toronto we have the RRAP program, the business improvement loan for improving store fronts and also the Eco Energy Program. I have applied and gotten two of these grants over $140,000. It was pretty easy.

I sent you a blank lease, application, and the required attachment from the Landlord & Tenant Board

I had very high usage in my own house and couldn`t figure out why. A month or so ago my fridge stopped working completely. We tried to figure out why the fridge wasn`t working and found that the fan under the fridge had burned out eons ago due to a piece of cardboard getting wedged and...

Here in Toronto I have noticed a big difference since April. In April as you all know the rules changed for first time buyers. I lost two of three tenants of the condos I manage. They both bought houses. I started renting them as soon as I knew that they were going to be empty. I tried to get a...

Ontario Landlord just stop yourself. I said "Maybe it`s because I`ve done evictions for a living" This does not state that I am currently doing evictions for a living nor do I EVER in any of my posts ever on the web state that I do so. I specifically say that when the RTA came into effect I...

Bedbugs cost an awful lot of money to treat. I had ONE single suite in Oshawa with bedbugs and it cost $750 in total to treat. It had to be treated three times and the tenant complied with everything and had to get new furniture even. If you have several infested suites and they spread...

Rickson9 You proudly post your net worth right on your website. You update it regularly. You have the list of the stocks you hold. If it`s so gauche why are you doing it? AND.... if I were to ask anyone to help me invest in the stock market it would probably be you, after I checked that...

Dear OP, I commend your courage. I have read Don`s books but I also am a sceptic and a critical thinker. I really liked the part of Don`s own book where it continually reminds us to "look behind the curtain" Part of looking behind the curtain is asking EXACTLY these kinds of questions. There...