I have a similar issue and called the Ontario Landlord and Tenant Board helpline to see what forms to issue. They told me the tenant is allowed to rent out rooms. I told her only one name is on my lease and I have allowed only one person to inhabit my 1 bedroom apartment. She told me this is an...

Give Karen Filice of Cirrius realty a call at 905-541-6364. She knows all the areas of Hamilton and student housing.

The reserve fund study should give you an amount that should be held in reserve by year and the amount each unit holder should be paying for the condo to be self sustainable. If those numbers are on track look at your inspection report and hopefully your inspector looked at the whole complex...

As the title says the path to becoming rich is already known. If one wants money it can be gotten. Yours posts also bring the topic of wealth into the discussion. Lets bring in the Buddhists definition of wealth. "Happiness is the fruit of wealth. But of what wealth? Often...

My martial arts instructor taught us an ancient Chinese recipe involving boiling vinegar to cleanse the air to prevent sickness during the winter months. Just like ozone attacks anything organic maybe the acid in the vinegar neutralizes odors it contacts. I have not gotten sick this winter but...

QUOTE (dplummer @ Feb 14 2010, 09:24 AM) Raymond, ozoning your town home should not be a problem as each unit should be sealed off from the next (fire requirement)during construction. As a precautionary you could advise your neighbours on each side of what your doing. Doug Doug, Thank you for...

I bought a house with cooking odors. Got a good deal. I was able to get rid of the smell using Oust from SC Johnson. If that does not work ozone will be your only other alternative. To the ozone experts; can you use this in a townhouse where there is a possibility of the ozone getting into the...

I lived and worked in Chatham 10 years ago at Siemens Automotive. My daughter was born in Chatham. I liked my time there, it was a nice community to live. Siemens has been sold and most of the production moved to Mexico. Navistar has received numerous government bailouts and if not closed is...

My rules for deciding on Ontario Works tenants are: - you want to see the cheque stubs from Ontario Works and Baby Bonus to confirm she is actually on the programs and getting what she claims - do a credit check and reference check; her references are probably her mother - go check out...

Sandra, The key issue here is if you trust the appraisal. To do this type of deal you need to be absolutely certain of the value of the property. You also need to understand what they need the money for. Do they need it for another investment or are they falling into trouble. You will be...

QUOTE (gwasser @ Dec 20 2009, 12:26 PM) Gentlemen this is becoming boring! My recommendation: Buy now before the crowds wake up. Halleluiah! I will agree with you in the short term. The consumer may wake up and get things rolling again driving prices and interest rates higher. However our...

QUOTE (dlynes @ Dec 7 2009, 01:33 PM) We`ve decided to talk to Mark Dudzic. The good thing about Mark is that he`s also the president of the committee of adjustments for the City of Hamilton (if you`re doing something that`s not kosher with the neighbors however, I guess that`s not a good...

Daniel, Two good Hamilton lawyers are: Andrew Loucks 2826 King St. East Hamilton 905 560-8590 or Mark Dudzic 105 Main St. East, Suite 1014 Hamilton 905 528-4251

Tony, Where is this property. I represent private lenders from Hamilton, Toronto and Ontario. If your property is in this area maybe we could help. Feel free to give me a call.

Good to see private mortgages start to get accepted as a good investment. Eight months ago I was pushing this theory on this board and it was not received well. Yes you can get a 10-15% return with private mortgages: The breakdowns are: interest rate 8-14% Lenders Fee ` 2-3%...

Adam, It is my understanding you can hire a PM to go to the board on your behalf but the landlord needs to be there which is not possible in this case as the landlord is from out of province, or as you suggest the PM would also need to go with a paralegal. This is the way my Brantford PM...

I agree with Lucas`s approach of having your mortgage broker finding you mortgages to invest in. Pooled funds always seem to be trouble. I would also add to the list have a good realtor on your team as a sanity check to the appraiser, plus they know how quickly and at what price the property...

Matt, Neil summed up the investment potential well in stating the numbers do not work out at this time. Burlington would be a little cheaper but still you would not get a positive cash flow from a traditional buy hold and rent strategy. I started my real estate journey by seeing what...

QUOTE (suzieq @ Sep 27 2009, 09:56 PM) Hi Ramon, Thanks for the information. The property is in Ottawa. Do you have any recommendations? Can I email the N4 eviction notice or does it have to be mailed and/or posted on is front door? thx Sorry I don't know any property managers...

Matt, I have lived a little further down from Trafalger and Dundas at Appleby & Dundas for the past 10 years in what Garth Turner (our former MP) would call one of the McMansions with a little front lawn. It was nice when we first moved in and with pressure from the Niagara Escarpment Group and...