Thanks Don! I`m going through my Goldmine Score Card as if I were to buy this property today. I`m not having much luck on getting stats on two questions. Is the area creating jobs faster than the provincial average? Is the area`s average income increasing faster than the provincial average...

Congratulations! An inspiring story that made me chuckle! Your "request" may have seemed flippant or "way out there" all those years, but it was actually something close to your heart and it came true because you kept asking and putting out the intention. Have a great trip next fall to the...

Hi I own an old, well maintained, five suite house with a bit of a sea view in the Old City in Nanaimo just up the hill from downtown. I bought it in 1997 so have a nice gain. I don`t have to sell it. I`m thinking about selling it now, since the market is starting to soften, I don`t want to...

Hi Neil I would do more research before deciding yes or no. What fuels the demand for bachelor units in the building`s area? Who are typical tenants for these particular units? What is the condition of the units and the property? Does this investment cash flow? What is the potential for equity...

Hi REIN team, I uploaded my picture successfully on to my REIN profile, but it doesn`t show up on my forum posts. What to do? Thanks Margaret

Hi As a former rooming house owner, I`d do a lot of looking behind these "attractive" numbers to find out the reasons the numbers look good...on the surface. Where`s the property? In a drug infested area or a quiet residential street of family oriented apartments or houses? Who are the...

Hi I always get an inspection for all the reasons other members have posted plus one more. If the inspection reveals something not too serious, something not structural, something you could deal with and fix like needing a new roof, get an estimate for how much this repair/capital expense...

Ciao! Our Italy cooking tour company is looking for a new accountant in the Vancouver area. We`d really appreciate your referrals of a firm who can handle a variety of "not straight forward" transactions in foreign currencies. A firm who can communicate in clear, normal English what...

Hello! I`ve looked at listings for N.E. Edmonton townhouses and don`t know one complex from the other. My long time commercial Edmonton realtor has done a great job for me over the years in fourplexes but doesn`t know the townhouse market. Before I reinvent the wheel and read strata minutes...

Hi Jen My Nanaimo realtor manages my multi unit properties for me. I don`t know if he`s looking for other properties to manage or not. He doesn`t want any more "challenging" properties like mine though! Please tell me more about how many units, where the property is in Nanaimo. Email me at...

Hi Tony I have two properties in the Old City of Nanaimo, not rooming houses, but older houses with self contained suites. Many people saw the area as one bordering on the druggie area of town, with "iffy" tenants. I had trouble finding a property manager when my old one moved. Nobody wanted...

Hi Based on my past experience, I`d add someone quiet who doesn`t disturb or threaten other tenants in the property. And someone who is sane. And with no alcohol problems. Hope this helps! Margaret QUOTE (brentdavies @ Mar 7 2008, 08:33 AM) What qualities are you looking for in a tenant...

Hi No, as far as I remember from my appraisal courses years ago, the balcony is not included in the square footage of the apartment. The assessment office is right. They follow real estate appraisal principles. Cheers, Margaret QUOTE (investmart @ Mar 9 2008, 07:47 AM) Hi Everyone, The...

Hello Drew Thanks for your thorough info on GP! Since you live in Victoria and don`t use property managers in GP, who do you use as a local person to show your units or give service to tenants and solve problems in person with tenants? I live in Vancouver and have used property managers a lot...

Hi Geoff I own two multi unit properties on Milton Street in the Old City part of Nanaimo, one for several years. I bought both of them through a realtor I really find good, Cec Wiseman who owns a few houses himself. He`s also my excellent property manager. I`ve known him for 10 years...

Hi When I was in REIN in 1997, on a REIN Nanaimo field trip, I met Cec Wiseman, a great realtor in Nanaimo. I`m still dealing with him since I bought two properties through him and he manages both of them for me. Cec Wiseman at [email protected] or 1-800-636-7489. Tell him Margaret Cowan...

Hi I went to the Millionaire Mind Intensive and I highly recommend it. Yes, they do try to sell you other courses, but if you have any old baggage, any issues hanging around you on how you think and act around money, issues that hold you back from doing what you dream of, you should go. The...

Hello! We`re forming a Master Mind group in Vancouver of business owners who work with at least one other person like an employee or business partner. We`d meet in person twice a month to help each other create new ideas, learn better ways to find new customers and give better service to our...

QUOTE (ahmadbelfon @ Feb 19 2008, 09:59 PM) For our next property we are considering converting a six bedroom dwelling in Oshawa, Ontario to a rooming house to maximize our cash flow. We understand that rooming houses attract lower income, more transient tenants and therefore more hassle...