Hello, Good evening, A friend has rude tenants in one of his apartments. They curse him loudly, often, and tell everyone they know how much they hate my friend. Most of his other tenants will say he is the best landlord they have ever had. Now the rude tenants found bedbugs in their apartment...

Hello, May I ask, if your company is so honest, how in the world did you surprise Mrs. Cooke with a $3,000.00 bill without first getting an approval from her on the expense? Don't you include in your agreement with your clients/landlords, a pretty basic clause requiring you to get the owner's...

Hi, Do you usually need a Permit from the City to install New hot water boiler in a 10-Plex in Ontario instead of electric heaters currently being used? Thank you

Ha ha. You are right too - as you grow your business you are less on top of things. Can still be on top.. but less. And that's normal.

Ok thanks. Never seen one over $3000. Actually never seen one. Tried to explain why above. Maybe when you assume the seller's mortgage you pay none. Let's summarize - it depends on the deal and the bank.. maybe how you dress. come by bus, hide your watch or get a less than perfect suit :) Thanks

Lender's lawyer? Again, smaller buildings do not typically pay that. In fact, I never had to pay that, not even for the few small apartment buildings purchased. Oh.... maybe I know why Thomas. Just recalled from a different discussion in which you participated - you deal with mortgage brokers...

Thank you Thomas for confirming this. Regarding the amounts you mentioned - Maybe when you buy in the millions or take out $250K ++ as part of a refinance. Many investors are happy to take out 100K from a small 1 million apartment building. Believe me they do not pay the amounts you do but...

Hello, Say the lawyer's legal fee when buying a single family home is around $1000. What is the fee when selling the same property? The same, also around $1000? Same question regarding an apartment buildings. What is the legal fee to Sell say a 10-plex? The same as SFH or double? Around $1000...

For me too in another location. How did/will you resolve your laundry machine theft problem? Thanks

Hello, Rent Receipts - Can lanlords email them to the tenants instead of sending in the mail? Thank you

Hello, A tenant in our 10-plex complained his mail is missing. This happened to him 5 times already. No other tenant complained. Do most apartment buildings have a security camera where the mailboxes are near the main entrance? Do you recommend installing one per tenant's request? Is it the...

Thank you Thomas and Tyler for sharing from your valuable knowledge and experience, and for your quick response.

Interestingly it sounds like both Thomas and Tyler are correct each in your box of banks not working with other banks: - Top 5 banks do easily renew you if you paid on time. - Other banks not that easily. Not knowing yet with which bank my friend will work, both Thomas and Tyler's response would...

Hello, My friend has an apartment building mortgage. If I understand correctly, the bank should send his new options to choose from - different terms and their interest rates, about 2 months before renewal/before the end of the current term. If my friend wants to refinance instead of simply...

Hello, Are you including a clause in your Leases / Rental Agreements regarding bringing appliances/heaters to your apartment? My friend has an apartment building with baseboard heaters where a few tenants brought small heaters to use in a few colder rooms. The hydro bill almost doubled as a...

Thank you. This is of course the best option. With his extensive experience working with big banks including TD, wouldn't Thomas suggest a 1-year term, had it been an option with TD?

He is just fishing for a sale and might even prefer to renew for 1 year instead of selling. Is TD really doing you a favor if they agree to a 1 year term on renewal or is it not that uncommon and the random TD rep with whom my friend talked on the phone, just did not know? Thank you

Thank you. Does this not risk hurting your credit history and your important relationship with the bank? I guess you do not really recommend doing that but rather as a last resort. Does TD usually allow a variable extension upon renewal? Or only if you tell them it is for the purpose of...

Hello, A friend of mine has a TD commercial mortgage on a 10-plex. His mortgage is up for renewal in September. If he plans to sell end of this year, say around December, how do banks treat that? Are the banks OK keeping the mortgage open for a few months until property is sold? If I understand...

Interesting case. How easily a potential buyer can lose his life savings and not even have a case or get the house.