QUOTE (sandisoz8 @ Mar 4 2010, 07:37 AM) Still confused. Do most landlords include the water heater rental in the rent or do they have the tenant pay for the water heater rental on their own separately from the rent? If you owned the water heater, the rent would include use of it. If you want...

QUOTE (sandisoz8 @ Mar 3 2010, 08:26 PM) When renting out a place where the tenant pays all utilities, does the tenant rent the water heater or does the landlord normally pay for it and keep it in their name? Landlord is responsible for equipment which is "included" in rent. Tenant should pay...

QUOTE (CaesarPua @ Mar 2 2010, 10:52 AM) On the IKEA website, $2580 is the cabinet price "based on a typical 10`x10` kitchen." Thanks for any input out there! Caesar There is no "typical". Use their website to design exactly what you will need. I believe their cabinets are all standard...

QUOTE (aiden1983 @ Mar 2 2010, 09:47 AM) I tried this in the General Section but maybe I can get a response. Has anyone on here used Ikea Cabinets? Would they be good for a rental property? How about using them in your PR? They`re fine, if you don`t mind particleboard and install them properly...

QUOTE (hongwei @ Mar 1 2010, 10:52 PM) what is wrong with my unit? What`s wrong?.........$285,000/460sq.ft = $619.56/sq.ft "should I put down the list price? or still wait for a more time?" Your time is passed. Drop the price! For a quick sale you want to underprice it slightly, not try to...

QUOTE (lakeheadteacher @ Feb 27 2010, 01:16 AM) I am looking for something that will cash flow after the payments of a management company looking after it. I would like to find something in the 200K and under range. This is my first attempt at buying a rental unit so I would prefer a smaller...

QUOTE (Tootse @ Feb 26 2010, 08:11 AM) I pay the power bill for the unit because it has a seperate power meter from my main house. Should I not claim it as an expense? 100% of it? Yes.

QUOTE (Tootse @ Feb 25 2010, 03:52 PM) I pay the power bill so I claim 100% of that. Huh? You get to claim 30% of all your house related expenses. 100% of rental expenses (advertising, painting the unit, damage repair to the unit etc.) Regarding CCA. Why would anyone do that on a...

Why are you selling? What type of property? Where? Why has he only sold 1 out of 5? After how long? For how much? Are you getting a discount? Are they even finished? Will you sell them or hold them? Future value of 400k based on developers assertion that he`s building higher end homes...

I believe TOU billing starts Monday. Since it`s a holiday (family day) it`s off-peak all day, WOOHOO!

Smart meters charge depending on time of use (TOU) Highest Price (On-Peak)9.3 cents/kWh Mid Price (Mid-Peak) 8.0 cents/kWh Lowest Price (Off-Peak) 4.4 cents/kWh This can only save on discretionary usage, eg.Laundry, dishwasher etc. But anything on 24/7 (fridges/heating fans or coils/air...

Unfortunately, you have no proof it`s him. Maybe the other tenants have also increased their usage. Maybe a refrigerator has blown a seal. Maybe another tenant got a new hobby (plants, fish, reptiles), freezer, or space heater. Without inspecting all the units, you have no way of knowing. Speak...

QUOTE (llee @ Feb 10 2010, 10:48 PM) Now they have to live with their parents for the time being. They paid full rent February 1. Now the dwelling is not livable, am I obligated to return part of their rent? Are they still on the hook on the 1-year lease (ending September 2010)? How would you...

My guess would be inadequate (or missing) vapour barrier. Punch a hole and have a look, if you feel so inclined. Try using a high quality primer and paint. Something other than white?

What can you afford based on income? What about a property that allows you to live and collect some rent? (rooms, bsmt suite, etc) This will give you a taste of landlording. I doubt your 15k will go too far. Also, if you expect RE to appreciate the way it has in the last decade, you may be...

"It was only after her post-dated cheques stopped clearing after August that Randall discovered the business number on her application was not in service and her reference letter had been signed by a "personal" (sic) manager." You would think someone with previous negative experiences would be...

Congrats on your purchase. 1st? I hope you have no problems with your tenant. However, in addition to the negatives you have mentioned, you will have a tenant who may feel that you are encroaching on HIS space. Will he stop smoking? Will he get a dog? Will you screen him, or is he ok because...

QUOTE (CDM @ Dec 8 2009, 09:48 PM) Thanks! In assessing risk would it be safe to assume that most if not the majority of triplexes fall into this category? I guess i am asking will this be a common risk that i will run into - just trying to see if walking away just delays me from getting into...

If the leak isn`t constant, then the handyman is likely correct about the loose grout. Unless there`s water damage that needs to be repaired, broken tiles or mold issues, just scrape out the joints, re-grout and seal. Use silicone caulking between the bottom tiles and the tub. Much cheaper than...

QUOTE (dwaynemason @ Dec 1 2009, 01:05 AM) the properties were cash flowing on paper but it seems the reality is a lot different. So true. Hopefully your new PM will do a better job. Is the place a dump? Can you improve the property to boost rent? Rent furnished? Sell RTO? Move to Edmonton...