It is a good thing

Rooks - You've answered your own question. If you have no one to trust = do not invest. Save more money and learn while saving. You will be in that much better of a position to take action once you have $'s.

It could be water leaking from roof area behind the layer of brick or another issue You will need to get someone to the building in person to determine You will likely need to solve water issue and replace bricks (depending on how far gone, how many) Expect to spend $'s

As much as you can provide :) You might have a minimal repair near the chimney, or have to do parging and other work (often to roof), or might have to redo parts or all of the exterior. Is this on the chimney or on other area's? Is this a leaking issue or a defective brick issue?

Augustynr1 - 3% to 7% of gross rent plus HST is common for a multi-family building. The fee will vary based on city, location within city, condition of building, tenant profile, property management firm selected, rental rate of the units ($550 vs $1400 rent makes a big difference), and if...

Brett nailed it! Mosaic - I'm happy to help you. Your first step should be to phone Brett and ask about joining his brokerage as an assistant as you work on getting a Realtor's license. Alternatively, move to Ontario.

Please provide more information and I will try to help

Deferred maintenance from building to building will also impact - but not 1:1 with cost of it This varies from location to location / building to building - but you can see a 1%+ difference in cap rate between 5 vs 40 year old Check sold data for your local market

Save more money before your first investment Or partner with someone you trust and has $

I do not service those area's but I've talked with many investors and property managers who have From what I've seen it is hit or miss - you get places rented = all's good with higher than other area default rate, harder to re-rent when defaulting. Much higher chance of not getting rented...

Yes when possible Many places are bedrooms only (sort of - often only bed and desk - some add in chair, dress, night stand, etc.) Some offer living room furnished too Stay away from providing personal items (dishes, etc.) as the cost / time to administer / wear and tear do not allow it to...

Good posts to add to it: The city your in might have minimum temperature requirement by-law that is higher than any provincial requirements Check all rooms in all apartments to ensure you are meeting your legal obligation Document this in detail with words and photo's and follow up...

I rent out a lot of student housing in Waterloo Most are unfurnished, some are furnished Furnished can often provide a rent boost of between $20-$60 per person per month Furnished is 100% worth doing - especially if you have storage space on property to allow your furniture (or renters)...

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It depends For an exact suggestions - go with luxury vinyl tile

I currently manage 62 Balsam in Waterloo. Do you currently own the place you live in?

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Redline Brett

Jim I thought you were against witch hunts on posters - ?

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