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  1. PropertySolution

    Opinions and/or advice please :)

    I try to keep my descriptions short & sweet. But at the same time emphasize on the best/popular features. Most prospective Tenants are thumbing through hundreds of rentals and don`t have time or patients to read through long winded descriptions. Offering my web addy for further information is...
  2. PropertySolution

    Tenant Insurance

    Insurance is not mandatory with our properties unless they have pets, water bed or large fish tank. Then they are required to supply me with a copy of the policy and updated copies as they expire. Otherwise I only suggest they have their own insurance and provide them with 3 companies that offer...
  3. PropertySolution

    Bathroom contractor needed ASAP

    Give Gord of Whole Home Maintenance a call at 780-240-2729. mention you heard of WHM through REIN he should be able to help you out. You can check WHM out here before you call... www.wholehomemaintenance.ca
  4. PropertySolution

    Tenant troubles

    I have been active in this industry since 1985... you will never stop learning LOL I can still be amazed at what some Tenants/applicants will do and won`t do.
  5. PropertySolution

    Tenant`s Insurance

    Oh sure ask me to remember 9-10 years ago LOL It was South something. The owner of the building was related to the owner of the reseller but I believe that only helped in the premiums. I still see the owner from time to time, I will be sure to ask him for the name. But that does remind me, the...
  6. PropertySolution

    Tenant`s Insurance

    QUOTE (llee @ May 19 2010, 07:30 AM) An agent on the phone (PC Insurance) said tenant`s insurance is very important (we all know that). However, he added that landlord should pay the tenant to carry it (if the tenant insists no having one). The reason is that if the tenant has no liability...
  7. PropertySolution

    Any thoughts on using Propertyware

    Anyone use this company? I have been called by them and done a little research but couldn`t really get a read on how they work or what they could do for me. Actually the only thing I could get a good read on was their persistence.
  8. PropertySolution

    Is there a Way around Paying Capital Gains Tax?

    What about RTO, would that work? And as he is selling to his relative what would the pros and cons be?
  9. PropertySolution

    Is there a Way around Paying Capital Gains Tax?

    I am interested in the answer to this as well.
  10. PropertySolution

    How to Verify Income of Potential Tenant on Disability

    QUOTE (investmart @ May 17 2010, 10:15 PM) New related question: is it possible a tenant on disability receives money from Ontario works? the tenant said he is on disability but on the rental application mentioned Ontario Works. also, provided an intent to rent form used by Ontario Works not...
  11. PropertySolution

    How to Verify Income of Potential Tenant on Disability

    I also have a few tenants who are subsided and they make direct payment. Direct Payment can be made mandatory for all subsidized applicants. This is convenient but I cannot emphasize enough to encourage you to complete the application and your qualifying process as usual. Although the rent is...
  12. PropertySolution

    Lowering Basement Floor

    QUOTE (aiden1983 @ Mar 10 2010, 03:47 PM) You can lower the basement floor but you will have to repour the footing which will take a little space out of the rental suite (build out walls to hide and footing) but in general not that difficult of job. It will cost a lot of money though due to the...
  13. PropertySolution

    Does this potential tenant sound odd?

    Back away from this one. I believe anyone not willing to sign an application has something to hide. The Landlord in Asia thing is suspect as well, I cannot see an owner from over seas not having a rep here in Canada. Just to odd, the right Tenant will come along. Good Luck
  14. PropertySolution

    coin-op laundry in student housing

    QUOTE (RCrein @ May 13 2010, 09:22 PM) Hoping to hear from landlords out there with student housing on viability of coin-op laundry equipment. The property has a standard washer and dryer for twelve rooms. I can`t see the point of offering them at no charge for fear of abuse of utilities. Don`t...
  15. PropertySolution

    new friend sleeping on the couch

    I am in Alberta and been doing this since the early 80s. When the original Tenant has vacated, as soon as the squatter leaves the unit you can change the locks and take possession. But if you don`t do it that way its pretty much the same process as well... Evict, court order, Sheriff/Bailiff and...
  16. PropertySolution

    new friend sleeping on the couch

    QUOTE (investmart @ May 12 2010, 07:19 AM) on the other hand it does cost us landlords more. As I am not familiar with the RTA in Ontario I will leave those suggestions to the experienced ones. But IMHO, each and every person residing in/on your property costs you money. This person staying...
  17. PropertySolution

    Tenant Application Form

    QUOTE (Wayne @ May 7 2010, 07:45 PM) I am advertising a rental suite in my home and have had a number of inquiries. I would like to check references, former landlords and employers etc, etc. I`m wondering if there is a generic form/application that I can get interested people to fill out...
  18. PropertySolution

    Recommendations for Tenant Reporting

    QUOTE (Sherilynn @ May 7 2010, 10:34 PM) And to PropertySolution: if you have 25 years of experience of knowing within the first 30 seconds if a tenant is compatible, then why bother with credit checks now? I do not know where you got the idea I have not used credit checks before but I do...
  19. PropertySolution

    Recommendations for Tenant Reporting

    QUOTE (invst4profit @ May 7 2010, 05:41 PM) Funny I do it exactly opposite. If a tenants credit score does not meet my minimum standard I don`t waste a minute of my personal time on any farther background search. The reason for this is because my time is too valuable to waste on a tenant that...
  20. PropertySolution

    Recommendations for Tenant Reporting

    QUOTE (Sherilynn @ May 7 2010, 09:08 AM) Do you really think the cost of one bad tenant would be less than the cost of 20 credit checks? A professional tenant can cost thousands of dollars and can be even more damaging to your psyche. And many professional tenants would be discovered and avoided...
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