QUOTE (ChrisDavies @ Oct 20 2008, 02:10 PM) There's a little report button on the left hand side of every post, just click it and you'll be able to send a quick message to the admin team. Cheers, Chris Thanks! Never noticed it before! Heather

Regarding the roof, we received the same kind of letter on a roof that we thought had about 5 years left. The insurance agent translated the letter for us (replace the roof or we won`t insure it). We had a roofer give us an estimate and indicated we were on his list. This was Alberta and we...

I`ve noticed an increase in annoying ads (Viagra and gambling). Can we flag these to your attention? I think they will increase as the popularity of the site continues to increase. Is there any other way to deal with them or are we stuck with it? Thanks, Heather

Interesting proposition. Okay, since I won`t be held to this is real life I`ll step out of the comfort zone: High class call girl -income (always in demand), will take care of place and have quality furnishings for business purposes, probably have personal protection, no trouble to neighbours...

I agree with Firoz that William is the best one to contact. He is the chair of our Real Estate Action and Support Network (REASN). I know he does joint ventures and if needed he could let other REIN members that you are interested. He has managed his own properties for several years and I...

Hi Billy, I agree with what Greg has said. I live and own property in Red Deer. There is enough discussion about finding adequate property management without throwing renovation responsibilities into the mix. When you are not taking the position of general contractor, there are just too many...

REIN is a decent group and the percentile of dodgy people I believe (I hope) is quite low. But, that doesn`t mean having a `Group Think` attitude or a `big love-in` is the answer. Share ideas, strategies and tools. Work both together and independently to raise the bar of quality for the...

QUOTE (investmart @ Aug 27 2008, 05:28 PM) Should property management fees be reduced if landlord is (offering to be) responsible for rent collection? Has any of you worked with a property management company this way where you are still collecting rents from the tenants and therefore pay less...

Thanks, I was having trouble getting the link to work.

I didn`t join REIN until we had 4 properties and we still own them today because they are the same kind of property that we buy as REIN members (ie-we did okay on our own). After my first few REIN meetings, I commented to my husband that I was glad I didn`t join before we had any properties...

This survey has been completed and the results are posted at http://www.reddeer.ca It`s reasonably favourable. Heather

I didn`t see an estimate for vacancy. I would use a minimum of 8 % (ie-one month lost rent/year/suite) even if the rate for your area is extremely low. I would say the 50 % for expenses is a good rule of thumb. If you are fortunate, you will have a good year to build reserves and prepare for...

Thanks Grant! Just wanted to make sure it wasn`t my imagination! Heather

Has anyone else had this problem? I always use view new posts and then when I sign out, I realize there are some classified ads that I have not seen before. Any way to fix this? Thanks, Heather Brandt

QUOTE (Bill @ Jun 4 2008, 01:46 PM) Me as well, only under viewing new posts though, if I looked at each section I could check posts. All seems fine today. Same with me. I thought it was because there was a record number of people on the site!

A few years ago, we had a tenants who were smoking pot in their suite. Their rent was always on time but they were very mean people. They were had more experience in these matters than we did, but they still made a few mistakes. We had access to a common area which we could smell the pot and...

Congratulations to Red Deer William! He`s been organizing data and providing rental rate information for a while for REASN members. Another independent source of due diligence! REASN`s best kept secret is now public. Check out the story from The Red Deer Advocate: Rental pricing charts...

QUOTE (ronda @ May 27 2008, 12:40 PM) I read on another post that Don Campbell said a property doesn`t really cashflow until the third year. Is this true? If it is why? Is there something I should be doing in those 3 years? The property I am talking about is a duplex and a 4 plex. Hi Ronda...

It sounds like your best case scenario for cash flow is $1200 per year. Will this make much difference to your income (especially once you take off expenses?) Unless you have other highly cash flowing properties, you might even take a loss and end up reducing your personal taxable income. I...

QUOTE (Nicola @ Apr 30 2008, 09:18 PM) Hi Heather, That's really helpful - thanks! Good suggestion, too, about getting one that pulls inwards. I guess it would cost more if we didn't do any of the work ourselves (like you did). Would the window company do all that (digging, removing drywall...