Hello, I`m trying to find out what the point of a 14-day notice is in Alberta. My PM has issued them to tenants, but then nothing actually happens. I`ve read the RTA and searched this forum and the internet, and I can`t find a clear explanation. If one were to follow through with the notice...

Hi, If you are a non-resident for tax purposes, you need to be a little careful if you are purchasing a place with the intention of ultimately living in it. You could jeopardize your non-resident status. I`d have a chat with an accountant if this is your intention. Nicola

Hello, Just wondering whose responsibility wasps are when the tenant is responsible for the yard. To me they are something I, as a tenant, would just get rid of myself. However, my PM says it`s the landlord`s responsibility. Thanks, Nicola

QUOTE (CandaceMartyn @ Jun 11 2009, 01:03 AM) Hi Nicola, The only thing I can suggest is checking in the Subscriptions tab and just reselect all of your current forum & topic subscriptions & make sure you select that you want Immediate Email Notification with all of them. If you require any...

Hi, On my Control Panel - Email Settings - Board Preferences, I have enabled Immediate Email Notification for topics I start or reply to. However, I get notifications for some topics and not others. It seems kind of random(?), but I think it happens more when I`ve started a topic. I`ve...

Hello, Just wondering if anyone has worked with this company, and has any comments. Thanks, Nicola

We have a 2 unit semi-detached house in Toronto. We pay $190 flat rate (plus $25 for dealing with non-resident taxes). One month`s rent to find a new tenant. 5% surcharge on any maintenance over $1500. Yearly inspection (with lots of photos uploaded to the website) is about $250-300. Pretty...

QUOTE (kridarts @ May 26 2009, 10:17 AM) Thanks very much Nicola for your input. You are completely right and that is what we have been doing so far. However, they have tightened their policies to a maximum of 65% financing and for the future they even might want to cut this fully, as the banks...

You could also try HSBC. In the past they have given 75% mortgages to non-residents.

Say I need to use CCA to bring my income down to zero, but I don`t need to use it for all of my properties, just one or two. Does it make sense to use the CCA on a property that has not increased in value (or has decreased), since there is less capital gain to worry about, rather than a...

I agree with both of the above posts. However, I would also keep in mind that if the tenant has lost his job and can`t afford your place, it`s best to let him go and get another tenant asap. Point out to him that it is in his interest to get it rented quickly (since he is obligated to pay rent...

QUOTE (terri @ May 14 2009, 06:10 AM) the 2 things that you realy need to consider is legality of suites and condition of property. I agree with Terri, the condition of the property is important. These old houses can cost a lot - we have a semi-detached house (2 units) in St Clair West. It...

QUOTE (Dan_Eisenhauer @ Apr 27 2009, 01:48 PM) I have a 4plex in Beacon Heights that has had a 3 BR, 1,200 SF apartment, newly renovated, vacant for 3 months. It is located across the street from an elementary school, in a quiet neighbourhood. Rent started @ $1,300, but is not on the market for...

QUOTE (RandyDalton @ Apr 22 2009, 06:31 AM) I am working on an offer for a Triplex in Hamilton. The seller is currently living in the main floor unit and is wanting to stay on with a month by month tenancy and will abide by the terms of his standard agreement. This appears to be a good deal...

QUOTE (cobando @ Apr 12 2009, 09:27 AM) Hi, I know the REIN book did say that it is unethical to tell the banks you`re going to live in the property you`re buying when you`re actually going to rent it out. This is my first property in Coquitlam if ever but I`m having this ethical dilemma. When...

QUOTE (hazed @ Apr 11 2009, 10:54 AM) I acquired 2 new rental properties in 2008. Do most people claim this CCA on most rentals? Doesn`t it affect how you report the capital gain when it`s sold? Yes, you have to add the CCA back when you sell. However, I`ve been advised that it`s better to...

Thanks everyone, I think a mid-efficiency is the way to go. It`s an old house (1912) but obviously the furnace is newer... Roger, is it more difficult with a finished basement because it`s harder to get at the air supply? Nicola

Hi, Our furnance in one of our sf houses in Edmonton is on its last legs. I think we need to get a new one installed. Approximately how much should this cost (including installation) - for a mid-efficiency or high-efficiency furnace? Is there any advantage to getting a high-efficiency...

Every time I`ve ordered a credit report for myself, it`s had all kinds of crazy, inaccurate and out-of-date information (e.g. addresses, jobs, credit card information...) Even when I`ve tried to correct it with Equifax - so that my credit report actually agrees with what I am telling the...

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