Hello all. I bought my first property (5plex) a beginning February 09 and maybe you already read about some issues I already had to face. All the units (minus one) are rented out, but without a written agreement. My lawyer requested from the previous owner some infos (amount of persons, name...

QUOTE (thomasbeyer2000 @ Mar 3 2009, 07:36 PM) is it ? what weight ? I seem to be the same like in Germany- I was told from a former police officer: Possession is illegal at any time (exception medical reasons), but until 5 grams it won`t be prosecuted.

Hey, thank you all very much for your great feed back.

QUOTE (markl @ Mar 2 2009, 08:57 AM) ..... In a market like todays where cash is Queen as Thomas says .... Close! Thomas says: Cash is king, Cash Flow is Queen!

Coming back to the topic: I collected yesterday the first time the rent of my other 4 units in my 5plex. In one unit are two girls living and both of them gave me one half rent cheque. One cheque of the girls was from her mom and signed from mom. Now my question: 1) Do you accept multiple...

Greg, Thank you very much!

BMO is 1,000 CAD: See http://www4.bmo.com/personal/0,2273,35649_36646,00.html RBC is 1,000 CAD, too: See https://www.rbcroyalbank.com/onlinebanking/...tips/emt.html#6 CIBC doesn`t say it. See http://www.cibc.com/ca/student-life/produc...y-transfer.html So I think that the limit rose now to...

Greg, you mentioned it already once in another posting that if you have three N4 the eviction process is "faster/different". Could you email/post me a link about this info? I could not find this info. Thank you.

QUOTE (Mecheng @ Mar 1 2009, 10:53 AM) ....So options when your away and need to deposit a cheque are:Get some one to do it for you if you comfortable giving them access to your accounts. Some banks will allow you to bring cheque in ahead of time and cash for you on date requested. Anyone that...

Hello all. Just returned from my first rental property and solved above mentioned issue. The tenant moved out, but left 10 large bags of garbage in front of the house. I just gave him half of the money and told him he will get the rest when he did the dump run on Monday as "promised". And now...

QUOTE (thomasbeyer2000 @ Feb 28 2009, 01:19 PM) .....You could offer an incentive i.e. if I am able to rent this place by XXX date I will pay you $250 .. (and tell them to clean their place up) .. but it is clearly voluntary ! Thomas, thank you for this one. Great idea!!!

Hi Vic. In Ontario you only can ask the tenant to have it nice and clean and hope. You can not deduct anything while the lease is still running. It is everyones choice how he/she lives- nevertheless we like it or not as long the lease is running (even if there are only a couple days left) and...

New to the country I am missing some background: I was told that minors are not allowed to have properties? Are the legal owner the parents and the kids did the research? But truly a great idea.

Carla, thank you. I received tonight a phone call from the tenant asking if he could have the money upfront to pay the hotel, where he wants move. I refused and said one more time: "Empty apartment, on time 28th." He just hung up.

QUOTE (jeffjas @ Feb 21 2009, 08:18 PM) I assume the units are metered seperately for electricity, so why don`t you just proceed with a withdrawal of service letter informing the tenants that electricity will no longer be included in the rent and that the rent will be reduced by $XX amount to...

Adam, good point. I told him on the 15th that I want to come in on the 17th. He agreed to that, that he will be there. I went in because I thought I have the verbal permit and that this would be enough. Thank you for the info. I just checked it. I did not know that a verbal allowance is not...

NB is North Bay. ... but I still would like to have your email address!

QUOTE (invst4profit @ Feb 19 2009, 05:38 PM) Where are you? Please write me short email to NorthernAlex at gmx.org. PM do not work anymore.

Hi Yev. Yes, this is something what is starting to grow on me, but refused it in the first place ethically. I think, I will offer this tonight when I hand over the N4 again IN PERSON. Thank you for your advise. Greg, thank you too. This is what I call "learning by doing" the hard way. The...

Hi.I would be able tell you a bit more in a couple weeks, because I just initiated a sale for a German client. He is a Non resident, too. A short phone call with an accountant here told me this: The 25% would not be withheld from the sales price, but from the capital gain you achieved. If...