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  1. llee

    How to set up a debit system

    Hi, Is anyone experienced in setting up a debit account for monthly money collection, if the other party has given me a void cheque? How much does it cost? Thanks.
  2. llee

    Foreclosure process

    QUOTE (GarthChapman @ Jun 19 2009, 11:40 AM) My take-aways from that process were: 1) Get on it right away. 2) Hire a lawyer who has lots of experience in foreclosures. 3) Do not lend beyond 90% LTV in a good rising market, or about 85% in a soft or falling market. 4) Be prepared to take over...
  3. llee

    Problems with bonus audio download through PDF

    QUOTE (GaryMcGowan @ May 13 2009, 09:00 PM) I have troubles all the time with this and I consider myself very computer savvy. I have to use IE explorer and Windows Media. Which are not my number one choices. You could always search for it in your temp internet files. At least, it worked for you...
  4. llee

    Problems with bonus audio download through PDF

    Hi, Has anyone successfully downloaded the Bonus Audio files? I downloaded the PDF, and clicked the iPOD logo, but it has never been successful (for the past two weeks). For example, I tried "22 Secrets to Street Smart Negotiating". The PDF files points to...
  5. llee

    Recommendations for a Real Estate Agent in Ottawa?

    QUOTE (JACO @ May 11 2009, 03:43 PM) I am looking for a Real Estate Agent in the Ottawa area who specializes in apartment buildings (>10 units). Any recommendations would be appreciated. Thanks in advance for your time, Peter I have PM`ed you.
  6. llee

    Utility bill between tenants

    Hi, My previous tenant moved out March 31, and the new tenant moved in on April 17. They were/are both responsible for their own bill. Today, I got a Hydro bill that I need to pay for the small usage between March 31 and April 17, plus the account setup fee. This is unexpected (although...
  7. llee

    How to pick a realtor?

    There was a thread from Dan before: http://myreinspace.com/public_forums/Real_Estate_Discussion/62-8898-How_do_you_find_a_GREAT_Realtor.html Thanks, Lucas
  8. llee

    Experience with lowering monthly mortgage payment

    QUOTE (JohnS @ Apr 24 2009, 07:17 AM) .... with other types of variable rate mortgages (the one it sounds like you have, I`m guessing) they give you the rate you pay, but they set your payment at more than that rate in case prime goes up. This way, you get a cushion, and you`re not screwed if...
  9. llee

    Experience with lowering monthly mortgage payment

    QUOTE (MikeMcCrae @ Apr 23 2009, 04:56 PM) You could however talk to someone different at the bank about the adjustment of the ammortization. There shouldn`t be an increase in the ammort. just because you alter the rate. It is fine if you don`t moind the 35 year but it shouldn`t be necessary...
  10. llee

    Experience with lowering monthly mortgage payment

    Hi, I called RBC today to ask to lower my monthly payment (on variable P minus). After waiting for more than 45 min, the rep said first I cannot do it, because I haven`t made any additional payment. I said he didn`t make sense, and he looked further. After 20 min calculation, he finally...
  11. llee

    Tenants complaining about expensive hydro bill

    QUOTE (GarthChapman @ Apr 10 2009, 10:55 AM) We don`t ever answer the question "how much do the utilities cost?" The range is far too variable, and we don`t want the tenants to make us in any way responsible for the size of those costs. I find "how much do the utilities cost" is by far the most...
  12. llee

    Tenants complaining about expensive hydro bill

    Hi, My tenants called me twice and chatted (or complained) about the expensive hydro bill. They moved in the townhouse (1000 sq ft, 2 storey) in January. The townhouse has been newly renovated by a vendor. All windows were properly sealed. It is electrically heated (with water and dryer in...
  13. llee

    1-bedroom rental applicants

    Just to close the thread: I received 5 more applications the next day!! I have picked a single gentleman, no pet, no smoke, 3+ year Statscan employee. I went to his place to sign the lease and he was tidy! Hope things work out well. It`s funny that on one application - a lady said she has...
  14. llee

    Do basic home maintenance courses exist?

    QUOTE (MatzoB @ Apr 5 2009, 05:44 PM) I had to get a flapper changed for $200 a few months ago and the high costs my recent renovations have got me thinking. I would like to learn how to install hardwood, tiles, change faucets, caulk, and install electrical hardware. All I know how to do a the...
  15. llee

    Tenant left with a big hydro bill

    QUOTE (NorthernAlex @ Apr 5 2009, 09:04 AM) If the hydro bill was addressed to his name I would not even bother calling them, because you actually are not allowed to open his letters. Why did you? Actually, the statement was open, dated mid-March. It just shocked me about the bill. But you`re...
  16. llee

    Tenant left with a big hydro bill

    Hi, My tenant (he paid his own utility) left as agreed last week. He has been paying rent late, and I am glad he moved out himself. Today, in the mailbox, I found there`s a letter from the Hydro saying that his balance of $1,500 is still outstanding, and the service may be terminated. My...
  17. llee

    Private lending (arm length)

    Hi, I was presented with a company that helps investors find borrower seeking private lending, analyze the deal and do paper work on your behalf. They collect monthly payment electronically, provide annuaal interest letter, follow up with delinquent payment on investor`s behalf, etc. The...
  18. llee

    1-bedroom rental applicants

    Hi, I have 1 one-bedroom rental ($890/mo + hydro) on laminated floor (with carpet stairs), and I narrowed down to two applicants: 1) A mid-20`s couple (not married) with full-time job (admin and security guard). Combined income $3800/mo (pre-tax). They have a 10lb cat. 2) An early...
  19. llee

    Anyone from Ottawa attending ACRES Ontario?

    QUOTE (surfermoe @ Mar 18 2009, 12:38 PM) I just registered for the Toronto ACRES (April 18/19) and am wondering if anyone from Ottawa will be going. Would be nice to meet up... I will be there.
  20. llee

    REIN membership fee.. considered what expense?

    QUOTE (EricPeters @ Mar 9 2009, 07:46 PM) Firstly, this isn`t something you report simply on your personal return as rental income/expense. It is a business and should be reported as such. The business entails more than making a mortgage payment and collecting rent. By definition, according to...
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