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  1. Nicola

    Who regulates property managers in Ontario?

    QUOTE (Haimr @ Nov 13 2008, 07:42 AM) Hi Nicola, I have other situation with some vendor which bill me on work which I didn`t order, I used the "Consumer Protection" the problem is they can`t force any action, the only action they can do is to add your claim to there database, in case they have...
  2. Nicola

    Who regulates property managers in Ontario?

    QUOTE (housingrental @ Nov 13 2008, 02:31 AM) What`s the exact situation? Is there a dispute or just criminal theft? Well, I`ve not been getting any response to my inquiries (emails, faxes). Really poor communication, what seem to be excessive repair and maintenance charges (don`t know as I...
  3. Nicola

    Who regulates property managers in Ontario?

    QUOTE (housingrental @ Nov 12 2008, 12:00 PM) I guess you can try contacting any associations a part of (bbb?, apartment managers association? other listed in post above?) If the situation is outright theft and then nonresponsive over a long period than why not legal action? Or what`s the issue...
  4. Nicola

    Rent Price Decreases

    QUOTE (MikeMcCrae @ Nov 11 2008, 10:04 AM) Ah, the day has come. I have finally found an opportunity to disagree with Thomas. I get $1400 for a 2 bedroom 800 sq/ft 1940"s built house, and $1600-2050 for 1200 sq/ft. Please do not rent a 1250 sq/ft house for that little. We need to get rents to...
  5. Nicola

    Edmonton Appliances

    QUOTE (judi @ Nov 10 2008, 09:19 PM) Hi Everyone, I am in need of an appliance contact and went to the resource section to find only one name for Edmonton. A & R Appliances (Al) is now in Onoway and unavailable (I`ve left repeated msgs). Can anyone help me by providing another referral please...
  6. Nicola

    Rent Price Decreases

    QUOTE (RebeccaBryan @ Nov 10 2008, 08:38 AM) OK this is what I do and it has worked well lately. I still have 1 more place to rent out of a recent 4 vacancies. I have found that the websites haven`t brought me any calls or even inquiries dispite my good ads and great pictures, so I decided...
  7. Nicola

    Who regulates property managers in Ontario?

    Thanks Adam. So if my property manager is not paying us the net rent he has collected, what recourse would we have (besides legal action)?
  8. Nicola

    Who regulates property managers in Ontario?

    Does anyone know how property managers are regulated in Ontario? Are they required to be licenced realtors as they are in Alberta?
  9. Nicola

    Investing from abroad

    QUOTE (thomasbeyer2000 @ Nov 8 2008, 01:37 AM) There are withholding tax issues on gross rent (as opposed to net income) and you will have to put more money down as a non-Canadian. You may wish to consider setting up a Canadian corporation, with a Canadian director (your wife, or a friend...
  10. Nicola

    Russel`s quiz

    QUOTE (DeniseHamilton @ Nov 7 2008, 07:54 AM) During the Calgary bus tour, Russel gave us this quiz: If you buy the following property on the following terms, how long will it take to get a 100% return on the initial investment? – Purchase price: $240,000.00 25% down...
  11. Nicola

    Investing from abroad

    QUOTE (eb06000 @ Nov 6 2008, 05:33 PM) Hi, I have been a REIN member since february and currently own 1 rental in Vancouver. I might be moving back to France for a few years as I am french and I have been in Canada for over 4 years. I would love to keep investing in real estate in Canada while...
  12. Nicola

    Scratch/Dent appliances

    A couple of years ago we bought a new scratch & dent fridge & stove from Aptco Applicances - great prices. (They also sell washers & dryers). 12055 76 St Nw, Edmonton Phone: (780) 471-2585
  13. Nicola

    Rental Listing Sites?

    QUOTE (giselleportenier @ Oct 7 2008, 12:01 AM) Does anyone have any good advice for where and how is best to post in the GTA? We`ve got a current vacancy which is a bit higher end--3 bedrooms. thanks! Giselle I`ve used kijiji and got quite a lot of enquiries (though the ad was also hijacked...
  14. Nicola

    Greatest Investment

    Chuk ha hamnida (congratulations in Korean) - he`s such a cute baby! Nicola
  15. Nicola

    The fear factor

    Interesting outside view about the election and Stephen Harper from the Economist:The fear factor Oct 9th 2008 From The Economist print edition Why Stephen Harper does not deserve to be dumped IT IS not easy to be a successful Conservative in Canada. Perhaps it is the effect of living...
  16. Nicola

    Would REIN be beneficial for Investors outside of Canada

    Being out of Canada shouldn`t stop you. My husband and I live in Seoul and we just closed on our 10th property(!) about 6 weeks ago. :-) As Scott mentioned above,you need a great team, but you can do it. I absolutely love getting the REIN CDs and `What`s behind the curtain` every month - it...
  17. Nicola

    Rental Question: periodic or fixed term?

    QUOTE (samwei @ Sep 28 2008, 10:14 PM) I do have tenants on a one year lease, and my plan of action is to send them written notice 6 weeks before the end of the one year lease to the following effect: * Notice that one year lease automatically ends and does NOT automatically renew to another...
  18. Nicola

    Calgary is the most cultured and almost the smartest

    According to Maclean`s, Calgary is Canada`s most cultured city (Edmonton is #9) http://www.macleans.ca/canada/national/art...28_165514_33852 Calgary is almost the smartest as well, with a score of 92 (Ottawa and Victoria are 93). Edmonton got 84 (#7)...
  19. Nicola

    Saskatchewan Rental Insurance Help

    You could try SMI (Sask Mutual).
  20. Nicola

    Anybody buy from the other side of the Country?

    My husband and I live in Seoul, Korea and invest in Alberta. You can do it, but Don`s right - you need a good team behind you. It`s also really helpful to get the Alberta REIN CDs so you can stay in touch with what`s going on in the Alberta market.
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