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  1. ClintL

    What Is Fair For Tenant Who Pays Hydro For Entire Duplex?

    I have a duplex in Hamilton where there are two separate meters for hydro and one for gas. The basement was recently combined with the first floor as a new apartment to comply with zoning and the basement tenant actually took over the entire combined unit. He is now paying market rent plus the...
  2. ClintL

    Duct Cleaning - Necessary Or Waste Of Money?

    One of my condo townhouse tenants brought up the idea of duct cleaning. Is this expense necessary or a waste of money? I've never had any of my properties, including my own home, go through duct cleaning since I haven't seen evidence out there to warrant it yet. What do you think?
  3. ClintL

    Costs For Rebuilding In Calgary After Flood

    I recall that during the last REIN meeting in Toronto, it was mentioned that it will likely take Calgary and surrounding areas affected by the flood a long time to rebuild. One of the factors behind this is the lack of enough manpower. So I told this to a contractor friend who is located...
  4. ClintL

    Oh Oh, One Of My Hamilton Multis Getting Hit By Zoning Dept - Now What??

    Well, this is interesting (and unfortunate). Just a few days after I closed on a fourplex in Hamilton, one of the tenants told me that a city zoning inspector came around snooping, took photos and tried to get tenants to sign some sort of document. I haven't received any official notices from...
  5. ClintL

    Any Hamilton Stories With Zoning Inspections?

    Anybody with Hamilton stories with zoning inspections from the city? What happened and what were the end results? Did they allow you to build to compliance or did they order you to remove units along with fines?
  6. ClintL

    Insurance Policies Assumable?

    Just wondering, is a current insurance policy already existing for a rental property assumable by the new owner if such property was sold?
  7. ClintL

    How Would You Handle These Tenants?

    I inherited a couple as tenants in a Hamilton triplex back in September - they have already been there for 4 years and apparently have always paid rent on time via post dated cheques. However, the previous landlord never bothered to raise rents and therefore these tenants enjoyed $800 rent per...
  8. ClintL

    Admin Fee For NSF Cheques On Rental Agreements?

    For most rental agreements I've seen, there is a clause regarding an admin fee that tenants agree to pay in the event of a NSF cheque. Have any of you ever had this fee challenged by a tenant and if so, what was the outcome?
  9. ClintL

    Other Successful Lucrative Uses Of Basements

    Just wondering for you folks who have basements in your rental properties but for whatever reasons have not been able to rent them out as separate apartments - what other uses of basements have you found to be successful and lucrative? I currently have a coin laundry in one of my multi-family...
  10. ClintL

    Any Success With Student Rentals For Conestoga College (Kitchener) Laurier U (Brantford)?

    I know that student rentals are usually pretty successful in areas for Mac (Hamilton), Laurier and U of W (Waterloo). I'm looking at specifically some other areas like Kitchener near the 401 for Conestoga College students and downtown Brantford for the satellite Laurier U campus there. Has...
  11. ClintL

    Student Rentals Furnished vs Unfurnished?

    For you folks currently renting out student housing, do you usually rent out furnished or unfurnished? If furnished, how much of a premium can you usually get compared to market?
  12. ClintL

    Any Difference Between REIN`s ACRE and Savannah Ross `Rich Mom`s Material?

    Looks like Savannah Ross (Rich Mom) is doing teleseminars again to promote her real estate investing program. I've attended one of her free talks at an event and although she seems genuine, she doesn't really get into specifics of her real estate investing strategies. Has anyone here ever...
  13. ClintL

    Where To Get Coin Equipment For Existing Laundry Machines?

    So I'm getting Phelps to remove the current laundry machines in a building I just took over since I no longer see their rental service making financial sense. But they offered to sell me the washer/dryer set for $300 which is a pretty darn good price. But here's the catch, they will remove the...
  14. ClintL

    Companies Waterproofing Ontario Basements

    I'm planning to build in the unfinished basement of my Hamilton triplex soon and I know that I have to do some waterproofing before I do anything else down there. I saw a billboard for a company called RCC Waterproofing and they are in various southern Ontario cities. Has anyone here ever...
  15. ClintL

    Laundry Services For Multi-Family Properties

    For all of you folks with multi-family properties, do you tend to rent coin laundry machines from a service or do you buy them outright? I'm taking over a rental contract from Phelp's for a Hamilton triplex but might consider buying machines instead. Opinions and experiences?
  16. ClintL

    Setting Rental Rate For Existing Tenant In Ontario

    As a new landlord/owner of a property I just bought in Ontario and when getting an existing tenant to enter into a new lease agreement with me, can I set the new rental rate up to a market rent level right away? Or do I have to limit any increase to just the % stated by Landlord & Tenant Board...
  17. ClintL

    Any Advantage To Getting Heritage Designation For Property?

    I have a property in Hamilton that is a potential heritage building - one with stained glass in the front and was actually used as a set for a movie. Is there any advantage from an investment point of view to get this property officially designated as heritage?
  18. ClintL

    Any Recommended Property Managers In Cambridge?

    Any recommended property managers who cover Cambridge, Ontario?
  19. ClintL

    Lawyer Who Is Also Investor In Mississauga Surrounding Areas?

    Anybody know a lawyer who is also a real estate investor located in the Mississauga or surrounding areas?
  20. ClintL

    What Have You Done With Rent To Own Tenants Who Didn`t Buy?

    Just wondering among you folks who have done RTO deals, what have you done in cases where the tenants did not exercise the purchase option? And based on your experience, what would you now do with any future cases that result in no purchases at the end (or if the tenant leaves before the lease...