It could be that they are scared of the 95% LTV with house prices falling slightly, you could end up in a negative equity situation. Maybe try financing at 85% LTV. Will your property even cashflow at 95% LTV?

Here is an excellent report from CB Richard Ellis on Major development projects for Alberta. Of all industries combined, there is still over $270 Billion worth of projects either underway or on the books to be started. It also shows the amount of projects by area of the province. It`s a very...

I use Werner Zado (Big Zee Plumbing). He is excellent, honest and his prices are fair. (780-498-6646) Tell him I referred him to you. David Birkholz

I use B&M Clarke in Edmontojn. They do both furnace and duct cleaning as well as carpet cleaning. Their rates are reasonable and they do a good job. I also use them to clean my dryer vents in my apartment buildings. It should be done every couple of years. They are a smaller family...

At least now if we go to evict the tenant, we will have the SCAN people on our side helping us to get rid of them. It should help especially when we get a Judge or Hearing Officer that is sympathetic to the "Poor little Tennant". The SCAN people said at the meeting that they will attend...

Has anyone heard about the new Safer Comminities and Neighbourhoods (SCAN) Act that is coming into law October 1, 2008? I attended a seminar on the new law yesterday. It will be a great tool for quality Landlords like REIN members, and a royal pain in the butt for the slum Landlords. It is my...

Hi Tyler, Here it is: Definition of a Tenant "A partner in buisiness who will open up the shop each morning and lock it up at night. They will look after secruity & inform you of potential problems in the business. They will cut the grass, rake the leaves, shovel the snow, pay all the...

I own and manage several apartments in Edmonton. My experience is that when you rent to smokers you will be spending lots of money to fix up the place after they leave. If they constantly smoke in the apartment, even after 6 months you will most likely be repainting the ceiling and walls. One...

I use RentCheck credit bureau. They have several options too choose from depending on how much detail you want. You can choose to do a tenant check and/or Transunion credit check and/or Equifax credit check. You can also add more options like fraud detection, beacon score and more. There...

Do you have the key to access the service door on the machines? Open the service door and look if there is a hex shaped rod the bolts to the coin slide. This bolt holds the coin slide in place. If it is not there, the tenants can lift the coin slide out of the machine and use a magnet on a...

QUOTE (tracy @ Feb 22 2008, 12:38 PM) Hi There, I have a question regarding a unit I purchased in Red Deer approximately 1 year ago. The unit is home to a lovely tenant who has lived there for approximately 12 years. The unit was under rented at the time of purchase. I recently issued a...

Here is a great news article on the oilsands economic impact for the rest of canada and our long-term outlook. Just click on the link below: Canadian oilsands to become important global oil source: CIBC" http://www.canada.com/topics/finance/story...9b0&k=87922