QUOTE (gwasser @ Aug 10 2010, 02:38 PM) I am not quite sure what you mean with Golden Horshoe Hey Godfried. The Golden Horseshoe is the area at the western part of Lake Ontario that comprises Oshawa, Ajax, Toronto, Hamilton, etc. You know how on maps, cities are often done in an...

QUOTE (lihipr @ Aug 1 2010, 02:49 AM) Hi John, Few answers: - Usually for a large multi-unit apartment buildings, the commission each side is getting is not more than 2%. That is why I used 2%. - As for property management company: they usually charge between 5%-6% of the total rental revenue...

QUOTE (lihipr @ Jul 31 2010, 10:08 PM) Although 50-50 split between the investor and the expert is the norm, I don`t agree with it. I think that the expert can get his/her commission in few ways: - When buying the property, if the expert is also a real estate agent, he/she should get his...

QUOTE (ontariolandlord @ Jun 26 2010, 11:37 PM) Perhaps the tenants you deal with. However, with TDC and Legal Aid Ontario taking on more and more tenant issues, all landlords should be cautious. A) She wasn`t just talking about her tenants, but I`m guessing you must have accidentally missed...

QUOTE (NicKStaR @ Jun 26 2010, 09:03 PM) The list of checks was an example, and something I quickly googled and copy and pasted without any real investigation. This list was taken from: oregon.gov/OHCS/.../E_17_HOME_Sample_Tenant_Selection.doc This list provides even less security than...

QUOTE (NicKStaR @ Jun 26 2010, 06:40 PM) For sure! Human Rights is a very touchy subject, more so for some than others. In this scenario, infringement upon one`s Human Rights, is like sleeping with your best friend`s wife. They would never seek to harm you in any way, ever, had you not crossed...

QUOTE (Dan_Eisenhauer @ Jun 26 2010, 01:02 PM) But, let`s put all of this in perspective. We now add 6% to our legal bill to purchase a property. Say your legal bill is $1,500, we add $90.00 to the cost of a $500,000 (average price) purchase. If $90.00 is going to prevent the purchase of a...

QUOTE (invst4profit @ Jun 18 2010, 11:54 PM) Apparently Ontario Landlord doesn`t reject applicants. They might "file" if he did. I still have one building I rent to a residential tenant, can I still be in your club. Please. Or do I need 5, 10 or a 100 to qualify. What about we take the total...

I really wasn`t thinking of it in terms of screening, so I can see your point that way. I was talking in terms of covering your butt. Once they`re a tenant, the law says to give it to them. I definitely wouldn`t give it to everyone applying - just those that have been accepted. If you don`t...

QUOTE (invst4profit @ Jun 6 2010, 09:58 AM) I do not provide the information in my package (application form, lease, rules, etc). I use this as another litmus test of perspective tenants. Depending on there reaction to the missing information I can gauge whether they are aggressive, demanding...

QUOTE (dwoychuk @ May 30 2010, 05:19 PM) When discussing what the profit split would be on a property and how much he would get out of it he wanted to calculate the "loss" of 15% since he would have to pull the money out of that investment and have it added to his side of profit effectively...

QUOTE (PropertySolution @ May 27 2010, 10:08 PM) Catch their eye, FREE things stated in an ad tend to grab their attention than its up to you to keep it. FREE PARKING, UTILITIES INCLUDED, 4 NEW APPLIANCES, PETS WELCOME are a few examples. Renovated is losing its appeal as 90% of units are being...

QUOTE (MikeMcC874 @ May 21 2010, 09:20 AM) xxxxIs this really the case? Hello from Amazon.ca. We wanted to let you know there`s a delay with one or more items in the order you placed on March 01 2010 (5869-3592235). Russell Westcott, Don R. Campbell "Real Estate Joint Ventures for Canadian...

Hi Mvarga. Sounds like you have a great year planned - I`m jealous! I`ve always wanted to go live in Australia for a while. Anyway, as to your questions...from the desire for cashflow, there is a good chance that RTOs will be the way to go. However, it also depends on the amount of money...

QUOTE (ChrisDavies @ May 19 2010, 09:57 AM) I misspoke. I was thinking of the second home program that lets you do high ratio CMHC financing on a second home still. http://www.firstfoundation.ca/second-home/ Oh, that might have been what I was thinking of then, too. Sorry if I added to the...

QUOTE (bizaro86 @ May 18 2010, 03:04 PM) This isn`t true. You can only have one personal residence at a time. If it`s a second residence, it`s absolutely taxable as a capital gain when you sell. Michael Source: http://www.cra-arc.gc.ca/E/pub/tp/ti-001/ti-001-e.pdf The second page notes that...

QUOTE (invst4profit @ Apr 22 2010, 09:59 AM) It is illegal in Ontario to accept more than first and last and unscrupulous tenants know it.I`m not arguing with you about if the tenant is trying to pull something here or not, or about the practices of unscrupulous tenants. However, if by first...

QUOTE (AndrewB12 @ Apr 20 2010, 08:14 PM) I`m not 100% sure, but I think In Ontario it is illegal to collect more then one months rent in advance(deposit). Up to 10,000$ fine... Even if the tenant agrees to it. I`m not falling one side or the other, here, as to what you should do, but I don`t...

QUOTE (JimWhitelaw @ Apr 15 2010, 11:06 AM) Carla, excellent post! This will be really helpful for people. I have one to add: Bring a staple puller because all the handouts are stapled together but what you really want is to place them in your binder and you can`t flip through the pages if they...

QUOTE (sstokes @ Apr 14 2010, 08:04 PM) Actually.....after that tirade, I`d be reluctant to refer any client to him, with our without kids! I`d be surprised if I`m the only one who feels that way. I certainly don`t feel that way. With all the help he`s given to people on this site over the...