Definately will have to get a liner, yes. I talked to my insurance company, and fireplaces are no problem (whether left as wood or moved to gas). Going to take one more look myself to see if I can see why it's so drafty, and if no luck, will call in the pros to see if there's something I'm...

Heh. Guess I should ask one important question that I was thinking but never actually wrote down. Has anyone actually converted a wood burner to gas, and if so, how much did it cost? (Closer to Alberta the better) Thanks again.

Hey all, Found me my next property! Huge townhouse. 4 level split, 4 bed, 1.5 bath, 1500+ sq ft, plus the undeveloped basement at around 800 sq ft. Even the crawl space (about 600 sq ft) is huge, and the space is about 5 ft tall, lots of storage! It's an end unit and the ends are actually...

Thanks for all the input guys! I guess one thing to clarify, because it's going to be different for each of us, is what I would consider an 'older' or 'newer' house. Myself, given my area, I pretty much call anything older than mid-60s as an 'older' house, and anything newer than around 1990...

Okay, we all know the 8% rule whereas the annual rent from a property should equal at least 8% (or even better 10%) of the price of the property. I've often pondered how other investors take into account two items that would affect the validity of the rule. 1. Condos. Condos inevitably...

EI is never 'optional', as such. Either it's payable or it's not (of course, don't get me wrong, if it isn't payable, I'm sure they'll gladly take your money, but don't expect to ever collect if you aren't actually eligible). If you are the owner, or in some cases very closely related to the...

Generally speaking, if a corp (or any business, corp or not) pays a wage to employees, it must also withhold payroll taxes and pay it's portion of government programs (CPP, EI). Remittances are usually due by the 15th of the month following the pay cheque. There are exceptions to every rule...

QUOTE (monalisa21 @ Nov 29 2010, 05:58 PM) Tax fraud....if you are able to prove this is tax fraud (if the program is non compliant in your opinion) you should contact MissionLife. They will give you 10,000 to prove it. Apparently they`ve had 40 some people try unsuccessfully. I ask you, if tax...

I would say the principal residence exemption still applies. Although the property took longer than hoped to sell, one could show that the INTENTION was to sell pretty much immediately (I assume that`s the case and can be backed up by realtor listings, advertizing, etc). Additionally, there...

QUOTE (schoobie @ Oct 5 2010, 04:34 PM) Coincidentally, two units I am considering are below grade. One with 630sqft faces the lawn/street and the other one with 510sqft to a parking lot both facing south. I have never lived in a below grade unit, what is so bad about them? I guess It should...

QUOTE (nemesisb13 @ Sep 14 2010, 04:00 PM) Thanks for your perspective, Thomas. I hadn`t considered that way of looking at land/property values. I have a little more homework to do here in Quebec to get those numbers. Thanks again. Thomas is right. There is no hard and fast rule on the split...

QUOTE (PaulPoulsen @ Sep 14 2010, 09:47 PM) I had a couple that were long-term tenants (3+ years). Rent was always on time, very friendly, just generally good people that I was happy to have as tenants. They started renting a 1 bedroom unit from us and later decided they`d like something...

Hey all, Never had to worry about this one before, BUUUUUUT: I have a tenant who rents a mobile home site, and is no longer living there. The place is uninhabitted at the moment. No September rent yet, so going to be sending him a 14 day eviction notice. I do intend to post the notice on his...

QUOTE (rforgiel @ Sep 12 2010, 08:39 AM) I have an end unit of a row of townhouses. The tenant called and said there is a major cockroach infestation in a unit four doors down. Today she noticed a cockroach in her unit. Does anyone know of any good traps or gels or where these products can be...

QUOTE (HydroHead @ Sep 12 2010, 10:54 AM) hey everyone! Im a new landlord as of the first of September 1. Ive put quite a bit of money into a renovation for the tenant and have furnished their apartment with furniture and appliances! I figure i have about 30,000 invested in this. I was wondering...