Hi, the fact you are doing everything you (think you) can, does not mean you are providing the level of service you promised by being a landlord. having good intentions is cute. being a good person too. now go read the tenancy act. cheers :-)

QUOTE (invst4profit @ Sep 29 2010, 07:06 PM) If they refuse access report them to the board enforcement office. Hey, it`s more simple than that: if they refuse access tell them you are calling the police. if they don`t let you in within 5 minutes, call the police. this assumes you gave proper...

Thank you Brad and Thomas for the great advice!

Thanks everyone, good points! In reality, the 1st is better due to the need to put down around double the amount on the 2nd! (in the question though there is a similar financing assumption)

Hi, I am trying to help a friend who opened a new business. He is renting an office in a building with 2 floors and one air conditioning system. the temperature in the building is controlled by the first floor tenant. also the tenant from the first floor pays hydro and the upper floor tenants do...

QUOTE (AHWilliamson @ Sep 17 2010, 02:18 PM) looking at purchasing a 6+ multi-family property in Ottawa...from others experience is a 10% CAP rate reasonable to expect in this segment of the Ottawa market? Hi, although I never looked there, I'm guessing the answer is: no, it is impossible...

QUOTE (housingrental @ Sep 14 2010, 11:47 AM) I conditionally purchased a 25 tenant property on Sunday in KWC. Lots of interest for Ontario... not sure where you`re looking. Congrats Adam! (even if still conditional) by 25 tenants you mean 10 doors? just a guess Cheers, N.

Thank you Adam and Rebecca! If I find a new tenant earlier, I will pay the tenant who is leaving for the portion of the month the unit is occupied by the new tenant. Regards, Neil

Hi, I have a small dilemma. A tenant paid, then gave me 30 days notice. he forgot he gave me last month rent when he moved in years ago. so really he paid me for 60 days but he leaves in 30 days. obviously I told him that’s fine and reminded him he paid last month rent too so he does not owe me...

Nicola, do not increase rents in 2011. There is benefit to not increasing the rent equivalent to around 0.5% increase. Therefore, 0.7% is not worth it. it`s beyond the scope of this forum to explain or prove this. but here is just one example: Joe is a long term tenant who doesn`t like seeing an...

QUOTE (stepchuk @ Aug 25 2010, 10:07 AM) Doesn`t hurt that he also owns a landscaping and maintenance/ construction company. Isn`t the opposite true - the fact the PM owns a maintenance company creates a conflict of interest? Thanks.

Hi Wade, Great approach! The only problem I see with buying great properties, especially if also in great areas, is low CAP. That`s why I prefer ok area in ok condition and significantly higher CAP, even if I have 2 evictions instead of 1 in 5 years. I just don`t want average net income of...

Hi Liza, Great initiative! What changes to the RTA are you advocating? Regards, Neil

Hi Adam, the purpose of the example was to explain why high LTV should not scare REIN members as much as it does. low rent to price ratio should! there is no significant increase in risk when going from LTV of 80% to LTV of 95%, the increase in risk is close to zero especially when the investor...

QUOTE (gwasser @ Aug 20 2010, 05:19 PM) This is just irresponsible. A minor downward fluctuation in property value and the $5000 is gone and likely more. why are you generalizing? Who cares about a property price fluctuation when you have a nice net income and don`t want to sell in the next 10...

Hi Adam and Godfried, I disagree with you on this one. First, please note I did not recommend how to use the LOC yet, just to apply. It`s a great thing to have a LOC. even if you don`t use it now you may use it in the future. as many here reminded us including Thomas and Don - apply when you...

QUOTE (simmy30 @ Aug 10 2010, 11:18 AM) I would like to invest in real estate but don`t have much to invest only about $5000 saved at this time that I can use. Don`t want to go into joint venture partnerships. What can I do to finance a first time investment? Hi Simmy, if you have a source of...

Rickson, it`s great you want to be healthy and enjoy life. To achieve that you need to reduce your stress level and this includes not worrying too much about your health. Death is inevitable only delayable. Since you already know that, the real question for you is can you not worry too much...

Thank You Thomas! "only about 10% actually do it" - Yes, that`s probably the most accurate estimate. "one lower, all cash (to seller) .. and one a bit higher with a VTB." as you know, the nice benefit for the buyer, with VTB, is you buy more for less! for example you put 50K less and can even...

Thank you Adam!