Hi Neil, Interesting topic I have raised the rents with the allowed increase to all tenants - with the following exception: I have a couple that is renting one of the units in one of my 5plexes who do extra stuff around the property, have ALWAYS paid on time and are a married couple who are...

Hi Alex, As this is Ontario... Proceed according to the F#$%ed up Ontario LTB rules! You have to have a waiting period past the N4 before you can apply to the board to get an L1 and eventually a hearing, hire a Sheriff, Locksmith etc. Or, you can offer him 200(or more) in cash after he moves...

Other negatives to consider with getting a grant: 1. Low-income tenants = more repairs/maintenance on tenant turnover 2. You CAN NOT raise rents to market level at turnover 3. You will have a very hard time selling the property if it is `bound` by one of these grants. I have looked at a...

This may sound harsh... but if I were you I would evict her. She is unlikely to have the funds to sue, and she would only be able to take you to small claims court. She would have to have reasonable proof that: 1. she fell at your place 2. that the phone was working prior to the fall, but not...

Thanks Thomas Yevgeni

Hi Thomas, Would you mind letting us know which lenders are willing to offer `short` CMHC terms for multi-res? Thanks, Yevgeni

Don, When will the report be available to the rest of the members? Thanks, Yevgeni

Hi all, I wanted to share my experiences with my (previous) property manager - Sandra Thornton from SanThorn rental agency/Litehouse services. First a warning - don`t use her! I hired her based on a recomendation (before joining REIN and learning what questions to ask of the team members)...

http://reinteam.blogspot.com/

Hi Sue, I had the same question and did some research on it. You can not do what you suggest. You can however ask a new tenant to pay whatever rent the market will bear. I have spoken with LTB in Ontario and they clearly state that you can`t make the extra charge relate to a pet. Also, the...

www.icx.ca and you can search on other sites (i.e. Commercial properties are not always on MLS) so look at CB Richard Ellis, Coldwell Banker, DTZ BARNICKE LIMITED, and other commercial sites. You can also look at www.propertyguys.com and see if they have anything in your town of interest. Yevgeni

Hi Meggie, One more thought to add to the pile... You need to talk to a mortgage broker to see if you are going to be able to do this... Buy the unit, with as much of a down payment as you need to make it cash flow. Get a line of credit on the unit (up to 80% of the value of the unit - minus...

I wonder if Don would comment on the RBC Economics research report from May 2008 (with regard to the various regional forecasts). Canadian City Trends May 2008 RBC Economics Thanks, Yevgeni

Hi, In Ontario, where you don`t have a damage deposit, does anyone have any suggestions about the above subject. Obviously, selecting good tenants is the way to get this avoided in the first place... Yevgeni

Another issue to consider is whether the PM charges separately to manage and extra to re- rent the units. They may quote you 5% but also ask for 1/2 up to a full month of the rent to re-rent the unit. I still have not decided if I prefer to pay a TOTAL management fee (a % that includes both...

Thank you Monte and Brett for the great suggestions. I was wondering if anyone has had any experience with outsourcing off-shore? I think it is possible to have web sites created, maintained and lots of other tasks done (including posting ads on multiple web sites for prospective rentors etc.)...

Has anyone tried the idea of outsourcing some of the less pleasant aspects of real estate investing? I am trying to find out ways to improve my use of time and delegate as much as possible. I have a property manager(s), but there are other tasks that I do myself, that I may be able to have...

Thanks for the answers Do you have any suggestions as to reliable property managment companies in Hamilton. I`m working with a commercial realtor, but would like some suggestions as to property managers and/or service/repair people. Thanks, Yev

Hi, New to this forum (somewhat less new to investing in real-estate I have 12 doors currently). I have been looking at the Hamilton downtown core. There are a number of reasons to shy away from the area - other reasons to consider it seriously. I would love to hear opinions on both sides and...