we keep deposits in a seperate account, more a pain in the butt than anything else. We once had to refund a tenants deposit who had moved out after being there for 17 years...it didnt work out to be much at all...maybe a couple hundred bucks. You wont get rich on the intrest you make off a...

"I think too many people got into the habit over the last decade of just assuming that real estate will always go up, year after year, even if it`s just a moderate amount. If Garth had the foresight to see all of these events coming together to produce the perfect storm of a downturn, I say good...

I think Garth is an intriguing person, I very much enjoyed watching his talks in the 90`s. He is a very entertaining and convincing Speaker. If I had listened to him though...I would be very poor today. I am glad I had the foresight to ignore him in the past, and while I do enjoy a differant...

Jack, I have PERSONALLY lost a lot of my personal net worth in the last 12 months. I expect to lose more in 2009. I think the core differance between me and you is I feel that all these problems have OPPORTUNITY written all over them. I have commented in other posts about dollar cost averaging...

Interesting spin, isnt it! Where I live by West Hills...there is nothing but traffic as people have been shopping, shopping, oh yeah, and shopping some more for the the last two weeks...I have hated trying to drive anywhere with all the traffic. I suspect that there will be a lot of happy...

I see a lot of rooms for rent on rentfaster. might be worth a look?

If you wait till the end of January, assuming a 50 basis point drop jon the 20th...you might be able to get a 25 basis point reduction on a 5 year locked...at 4.75% (currently the best is 4.99%) so that might be worth the wait of a few weeks. I would personally take the 5 year locked over the 4...

QUOTE (JohnS @ Dec 17 2008, 11:39 PM) And, I have problems seeing why people like him. I mean, I`ve said before that I don`t have a problem with him on the economy....just on pretty much everything else. I mean, he`s insulted large sectors of Canadians, (Quebecers, artists), his ideas of "tough...

I have never figured out why some people as so against Harper. As an open-minded Conservative I seriously listen to Politics with an ear to what makes sense...if I felt any other Party had a better solution they would have my support. I have yet to hear a lot from other camps that makes sense...

I completely agree with Jack on the ROI`s of buying in this market. If the values go down, you ROI takes a leveraged drop as well. As a yield investor, that is bad. If you are able to realize cash, it might be prudent to take it, then put it back into (perhaps the same property or close to it)...

kindly ask the tenant to run the fans in the bathrooms 24/7. He is paying the power for that. I have found that non-smokers that have neighbors that smoke can have smoke smell come into thier sides (townhouses) through the exhaust fan system. (was that a run-on sentence?!!!) it is taken care of...

It shouldnt matter if it is a newly converted condo or not, the same Due Diligence applies. Your job as an investor is to read between the lines and use knowledge to make and decision for this `educated risk.` The skill is being able to make a decision that you can sleep with, regardless of what...

I think everyone has their own focus on what they are looking for to fit their portfolio. A negative cashflow can be a good investment depending on the circumstance...a short term period before a decent rent increase for example...or aquiring a property below market value to re-position. I would...

I have never had any resistence to asking for personal information...not only would that be a big red flag...I simply wouldnt accept them if I couldnt have it. (make sure you signed permission to access their information, then keep it on file for several years after) I give them the application...

on my building we just switched to a token system...my thoughts being that it would be cheaper to have the super rip us off occasionally than to have to have to replace the money boxes on the machines (hundreds of dollars) again. This is the first time I have heard about a card system, and like...

I personally have a relative that has bought off of them several times and over several years, I am sure I can speak on his behalf to mention that it is truly a `retail` purchase. He made the decision based on the fact that he didnt have to do anything but his real job...and over a period of...

What does REIN offer that I can`t already get for free? "Lots" or "nothing" it only depends on your perspective. I have seen a lot of people make "lots" and there is a bigger pile of people that make "nothing." I guess I personally feel that any additional education that applies to the one...

glad things worked out for you folks! I think it was Don (Can I call him THE DON?!!) said that Property Managers are like children, you still have to make sure they do what they are supposed to! (and it`s much harder to fire our children, but that`s another story!) Thomas, I like the way you...

get some towels...AND BOIL SOME WATER!!!

QUOTE (jeremyfleming @ Nov 6 2007, 05:39 PM) I can`t wait to see an egg fall out of that "thing" over there, Nukav! QUICK!!!