Hi fellow REIN members! I have recently purchased a condo and I am seeking some options to maximize my returns. I came across The Imperial Suites in Edmonton. They are one of the largest corporate executive suites providers in Alberta. To make the long story short, have any of you been a...

QUOTE (thomasbeyer2000 @ Nov 1 2008, 09:38 AM) but if you don`t overpay, upgrade prudently, keep an eye on expenses, market prudently for investor money and quality tenants, and hold with some cash-flow for 5 or more years (better: a decade or 3 ..) you will be filthy rich beyond any of your...

QUOTE (DragonflyProperties @ Nov 2 2008, 03:31 PM) Hi all, An article from the November 1st edition of the Globe and Mail (Travel). Excerpt: For years, only tumbleweeds stuck around Edmonton`s central core after office hours. But the oil and gas boom has brought big bucks and a creative surge...

QUOTE (thomasbeyer2000 @ Oct 31 2008, 06:07 PM) personally I think AB`s royalties are VERY adequat, possibly still too low .. and BC and SK will follow .. given all the environmental destruction (hwo pays for that ?) and free water consumption the oil and gas industry has it very good here ...

QUOTE (invst4profit @ Oct 16 2008, 11:18 AM) Think of a new tenant like a dog in that they require strict rules and good training so as to fully understand what is expected of them. This is especially true of those in multi units. Interesting analogy.

QUOTE (thomasbeyer2000 @ Oct 16 2008, 02:36 PM) house: more land per sq ft of living space, hence more expensive. On the extreme side it is an acreage or: a raw piece of land with no dwelling. The ultimate, indestructable piece of real estate and no tenant problems. But usually tough to mortgage...

Hi everyone, I am in the process of searching for opportunities of doing furnished 1 bedroom condo in d/t Edmonton. I know some of you are the experts on this. I would like to find out more about it if you can help me out. 1) Do I need to obtain a business license for renting the condo out...

QUOTE (thomasbeyer2000 @ Oct 8 2008, 02:35 PM) I would not do a new offer. You have one .. amend it. Here is what works best: You type up a page that states: Contract Condition Removal and Amendment to contract _______________ dated _____________ The condition stated in paragraph x.y.z is...

I am watching Oprah now! She`s talking about how to "save money" on our daily consumptions. ie: saving energy, smart grocery shopping... darn, this is a life-long journey! I guess one pro-active way is to educate your tenants about "savings"? From energy saving tips to simple money...

QUOTE (mlwilliamson @ Oct 5 2008, 07:07 PM) Thomas, Interesting topic. I am in the process of renting out a condo and am considering lease terms. It is my first investment property. What would be ideal term for this condo? I had one person contact me regarding 6 months term because they are...

I am a relatively new member since Calgary Quickstart in June. All I can say is that I wish I had known the system a couple years ago when my mother decided to sell one of our properties. I wish I had the knowledge to utilize the profits and invest in properties based on REIN`s system. Well...

My question is: what are you going to do with the property? Are you investing for the cash-flow (like renting out the other rooms out? or rent out the whole place?) If so, what is the rent going to be like? What the current payment? Tommy

QUOTE (thomasbeyer2000 @ Sep 29 2008, 08:33 AM) yes, they do .. but it is not for you to police that .. I brought this up because the PET Application under Critical Form, it asks the pet owner to provide city license number. Does anyone actually ask a pet owner to provide this info before the...

Hi fellow REIN members. I am allowing pet for my townhouse. I already checked with the condo bylaw and it is under the max lb size allowed (under 20lb). I have also downloaded the pet registration form from Critical Forms. So my question is: Say the tenants are moving from Nova Scotia...

QUOTE (thomasbeyer2000 @ Sep 28 2008, 09:31 PM) You can always ask ! in fact, keep asking until they say: NO or GO AWAY. So if you have not reached that point, you`re probably paying too much ! LOL. Good tip Thomas!

I have only followed the recent US financial crisis. The thing that bothered me the most is how those EXTREMELY HIGH-PAYING CORPORATE CEOs can walk away with multi-million dollars. Get this, CEO of Washington Mutual is getting paid 18 million dollars for his 3-week employment?!! That is just...

QUOTE (samwei @ Sep 28 2008, 05:14 AM) Hi Thomas, Is this correct in Alberta? My understanding for a fixed term lease agreement e.g. one year, is that the lease automatically expires/terminates on the last day of the lease without further notice, after which if the parties do not come to...

Hi to all Experienced Landlords: I will soon to be a new landlord. I am looking at REIN`s version of lease agreement. I plan to rent out the townhouse on a 12 months basis and hopefully my tenants would want to continue for the next year. So my question is, what would be the best way to go if...

QUOTE (thomasbeyer2000 @ Sep 27 2008, 08:39 AM) I concur here .. harder to sell to owners with a tenant in it .. especially one that knows he may be asked to leave ! Assuming you wish to sell to homewowners, and assuming tenant is "clean" i.e. not a messy house, and assuming it shows well ...

QUOTE (EdRenkema @ Sep 26 2008, 07:29 PM) I started the registration process with rentcheckcorp last wkend by sending them an email. No reply and since I was away Sunday and Monday, I didn`t get back to them till Tuesday. Then I phoned them, voicemail and still no reply. Finally I heard from...