Hi, Ha ha. Ok :) Thanks

Hi, It sounds like not providing Mpac with the information requested, simply resulted for you in them assessing your properties without your input. Are you sure you received a similar letter? Asking as of course I like your answer, sounds good. It just contradicts a bit the...

Hi, I met an investor in a real estate event in Ontario, Canada, Earth. He told me his friend who has 2 apartment buildings is saving money simply by working with ACN. I think a company affiliated with ACN is providing his friend electricity and gas services instead of the previous company...

Hi, Date your JV agreement today and include in it the history you already agreed on and implemented. The document will tell the entire story as it will be both your JV agreement and a summary (confirmation) of what has already happened per your past verbal agreements. Thanks

Hi, Yes their life and mortgage insurances (whatever mortgage insurance means) - I know are bad. The question is more about properties and car insurances. Does anyone have experience with banks' or know if their policies are better than Hub or Park for example? Thanks

Hi, A friend whose properties are mortgaged with big banks like RBC and CIBC is getting numerous letters, for years now, strongly recommending him to switch his properties insurance to them. What are your thoughts on the big banks property and car insurances? Are their prices good? Due to their...

Hi, Transactions are down because less people want to buy? Do you also think more people want to sell? Thanks

Hi, He moved out - Do nothing. Do Thank yourself for finding another tenant. Go to court only for thousands. For hundreds it would be a waste of your time, money, effort and energy. While collection is a given expense, it is not properly taken into consideration (its cost is too often...

Hi, Why do you think sending data is more likely to result in an increase in the assessed value than not sending it? If data not sent, can't Mpac make assumptions against the owner (i.e. assume rents collected are higher than market rent) - which increase the value even more than it should/more...

Hi, MPAC mentioned in their letter: ".. As we prepare for the 2016 province-wise Assessment Update, your assistance providing the following information will help us produce an accurate assessed value for your property: - An income and expense report on your property for your most recent...

Hi, Actually they are often correct. The reason is when no realtor is involved, the gap between the experience of the seller and the buyer can benefit the more experienced, more than when a realtor or 2 is/are involved. Realtors reduce the variation in the gaps between market values and selling...

Hi, Implementing 'his method' is not feasible in Toronto. Thanks

Hi, So it is an option, not mandatory by law, to fill the forms and provide the information Mpac requested? Thanks

Hi, Interesting. From Thomas response sounds like a good chance prices will continue to fall. Thanks

Hi, My friend who owns an apartment building received a letter from Mpac, requesting him to provide information by filling a report online in aboutmyproperty.ca, to help them assess his property. A question for Apartment Buildings owners: Do you recommend he fills the information or just let...

Hi, Good question, considering Alberta.. Especially since if you buy you could potentially benefit 'twice' - 1. If prices go up in Alberta after you purchase and 2. If the Canadian Dollar strengthens after you purchase using your in USD income. A basic question for you for Alberta experts: What...

Hi, A.G. Secure PM manage in Hamilton too now? Is this simply a list of all the contacts you have received for Hamilton? Or you only mentioned companies you know with positive recommendations from investors? Big difference. Thanks

Hi, Good one. Very true. Thanks

Hi, A friend had success not accepting human beings with a new collection from the past 12 months. To implement this criteria you'd have to obtain your potential tenant's consumer report. I've seen cases with ~ 500 credit score who became great tenants. It surprises me every time, and the guy...

Hi, Do you recommend installing hot water baseboard heaters in apartments (and a boiler in the utility room) in properties where there are currently regular electric baseboard heaters? (Regular electric baseboard heaters are not efficient and the worse cost-wise) Would you do it both in a...