Jason; I was a CPM and gave the designation up when I moved to BC. I started in the CPM program because I was the first person in Halifax to specialize in commercial leasing. This was the only program I could find that would teach me something about leasing. Unless you are interested in...

There are two other methods I can think of: 1) The traditional sale 2) An Agreement For Sale... similar to an option, but is, in fact, a contract to sell (with a delayed closing date), provided all terms of the contract are met. ie. As in an option, with an AFS, the Buyer generally pays the...

For those of us unfamiliar with that agreement, what does Section 5 say? If you sell that agreement, when signed, to another investor, sure, you can collect a finder`s fee.

My immediate reaction is also that the rental figure is too high. Without doing an in depth calculation, one of my rules of thumb suggests the RTO rent, including strata fees, should be $1700 - $1850 per month for a house with current value of $250,000. One RTO guru I follow uses market rent...

I did not attend the Le Grand workshop, and have been reading about PatLive only, with no direct experience. However, I have tried other systems. I have tried an Interactive Voice Message system on my own computer ("Dial 1 for Dan, Dial 2 for rentals", etc), and never could get it to work...

In a word, NO. There has been some great comments above. I have just given 14 day notice to evict a tenant on the 23rd. In checking the suite yesterday, we learned that the tenant has moved without notice, thus saving us the trouble.

The Seller could also sue you for "Specific Performance", which is a legal way of saying... CLOSE THE DEAL. You signed it, now buy it. That happened to me shortly after I got into the business. It cost me $20,000 to settle out of court.

I see a couple obstacles in THIS plan. The way I read your information, Steve, is that the property is already listed with a Realtor. If that is correct, the Realtor is going to need to understand RTOs in order to present your offer properly. Most Realtors have no idea what RTO is, let alone...

Hi Steve; First, ask the seller if they will rent you the house for X years, with an option to buy. There are many ways to structure that deal... DP up front... no DP up front (better for you). Fixed price at end of contract... outstanding balance of mortgage at end of contract PLUS X...

I am considering gift cards from The Keg.... $75.00 for good tenants, $50.00 for not so good, and nothing for problem ones.

Witness`s signatures are not legally required. HOWEVER, with all the fraud that has surrounded mortgages and real estate the last few years, lenders are getting very sticky and are requiring those signatures. I guess they want to know you, the signer, are who you say you are. But, if you plan...

You can include me on that list.

To answer your question specifically, rather than give you warnings, which do need to be given: When you have a contract to buy anything, you can sell or assign that contract. The perefect example is buying a pre-sale condo. You used to be able to sell, or assign, that contract to a third...

There is NO question that we kiss a lot of frogs when sifting RTO prospects. You will be lucky if you get one successful applicant out of ten. It is amazing how many people think they can rent a $500,000 home for $500 a month, with no money down, on a $15,000 annual income. One part of an RTO...

Aaron, send me your email address... [email protected]. Glad to see other Maritimers on here. Dan

I am about to evict an RTO tenant who is 4 months behind in their rent. (They are about to receive a large legal settlement, and based on that I have allowed this to go on too long. Their lawyer confirmed there is a settlement coming.) They are now dismayed and indignant that I have proceeded...

At this time, I am using RTO exclusively, both as an acquisition strategy, and as an exit strategy. As an acquisition strategy, one can build a large portfolio with little money coming out of your own pocket, other than covering a couple months rent as you find an offsetting Tenant-Buyer for...

There are several ways to calculate ROI. This subject has been covered before. Do a search to find the other methods. What you need to be clear about is that everyone who is relying on YOUR ROI calculation understands what method you have used.

Sure, let him leave stuff. BUT, deduct the cost of their disposal from his security deposit. Include something for your time in that bill. That will stop him from ever asking another landlord if he can leave his junk behind.

One of the advantages of leasing buildings or equipment is that they do not show up on the balance sheet in any way. They do get reported as an expense items.