I believe that an unlicensed manager cannot collect rents or handle banking related duties. Remember, you get what you pay for. Doug

Never,never,never give any contractor 50% up front. As a restoration contractor myself I tell you this. If a contractor tells you he/she needs a large down stroke to buy materials-RUN as fast as you can away. A schedule of payment based on amount of work completed is the safest way to go. Doug

I`m a Tim Horton`s man myself. However the story hits home. I`m a 4-5 cup man per day. Thanks for the wake up call! Doug

You pay your money & take your chances. As Thomas has already stated: Hire a good Home Inspector or Restoration Contractor to inspect WITH YOU. Ask questions & learn. There are no guarantee`s in life. Just my 2 cents. Doug

If the rent increases were not applied within the specific year, your out of luck. The only way to get market rent is to have the tenant vacate & adjust the rent for the new tenant. Very important to increase the rent yearly even if it`s only 1-2% allowed by law. Doug

As a restoration contractor I can offer this: If there is underpad, remove it. If the backing of the carpet shows signs of mould replace it. If it is a rubber backed carpet replace it. Ideally we try to dry the carpet within 48 hrs. It`s like putting your laundry out on the line. You need air...

You may want to re think the reno with tennant still there. Garth asks some good questions. You may not legally be able to do the repairs. And if your giving them the heav hoe they may cause you real problems. ie: safety, health, theft, additional damage. If your in Ontario, homes built before...

As owners you are entitled to all info pertaining to your units. Have you formed a condo corporation? Contact your lawyer immediately. There`s something fishy here. Doug

That is why I suggest purchasing the building vacant. Let the vendor evict the tenants.While I wouldn`t argue the facts I do believe the right lawyer would help the vendor persuade the tenants to see the light & move. Leases can be legally canceled with proper notice for infractions of the...

Purchase the property tennant free. Perform any needed repairs. Charge new rents. Doug