I completely agree with Greg. You`re so worried about getting your rent for June that you`re willing to take drug money? That`s not OK. And the cheques you received, once they figure out you are onto them, will bounce. And two weeks from now you will find that out if you don`t CERTIFY...

My action would be to give them a 24 hour notice, take an extra person with you so they can work the camera. You are going in to check for damages to your property and you have a right to look anywhere you choose. Tell them in your notice exactly what they can expect from you when you visit...

I always do credit checks!!! It tells you their integrity and if they care if they pay their bills or not. It also tells you information about their last address and if it matches what they have told you. Then you can question them about it if there is a discrepency. You can never tell just...

One more thing, if you`re wishy washy about eviction, and don`t know your rights you should be hiring an expert. An expert will cost you a lot less in the long run, especially if you are procrastinating. The drug dealers I evicted through persistence and determination were only in my property...

Cassj, They are breaking the law. They don`t like attention. My method worked beautifully and I didn`t even end up paying them one dime of their deposit back because they had no right to it as they were breaking the law. I would have gladly given it back if they had done exactly as I had asked...

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. Rhonda, I...

QUOTE (jpandrsn @ May 27 2008, 01:14 AM) Thanks to a number of great tips from other REIN members, I am closing on my first investment property this week, Woo Hoo! My tenants have been in the property for about 6 months and they want to stay. The previous owner of the property collected rent on...

Don`t even think about it.

Sandra, I`m not sure what the city does in Calgary, however, in Edmonton, because of the housing problem the city in general are pretty open minded. My Mom just had her six-plex investigated by Capital Health, they told her that she had to do some renovations to comply. According to...

Lucas, Just add the co-signors name to the lease and get a signature just as you would with the tenants themselves. Make sure you get all of their information as well so you know for certain they would be able to pay if the tenants did not.

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The minute you discovered the bounced cheque, you needed to take action and evict. The stories will continue. Did she actually send you the fax of the bank draft? Did you know that bank draft fraud is rampant? I would tell her that a copy isn`t good enough, and that you will be proceeding...

It`s absolutely OK.

Thank you Don, Tonight I just put an offer on another up-down duplex about 5 houses down from "My Cash Cow". It`s been on the market for about 2 months. I crunched the numbers and it works. We`ll see if the seller is motivated enough to sell it to me for the price I want. I`m hoping to...

That`s a remarkable story. Congratulations. You must feel elation.

QUOTE (Ian @ Apr 23 2008, 09:41 PM) Thanks Rebecca. I wasn`t able to open the link. Is the link to an eviction note by you? If so, I will try to search for it myself. Thanks again. Ian Just type "evict" in the quick search window and the thread will show up.

Great Post, Great Thread!

Keith, Yes read that post. Never accept another cheque from this tenant. Get them to pay you by email money trasfer or the like since they are so far away. That way you have the cash on the 1st. Act now, she`s jerking you around, and you`re right, they always do! We`ve had tenants in one...

Jason, Have you read Don`s book Real Estate Investing in Canada. That might be a place to start. You should pre-educate yourself and that would make it easier for someone to mentor you if that`s what you`re looking for. Attending Quickstart might be your 2nd step.

I have a peaceful conscience knowing that my suites are safe and clean. I screen my tenants to make sure they are safe citizens in the community. And, I might add, I provide safe housing to working adults and their families. That`s my contribution to Edmonton`s prosperity. The City of...