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  1. moparcanuck

    What would you do?

    Good morning all, I have a property where a tenant has just moved out. Four bedroom place, so naturally, they had kids in there. Over the couple of years they were in there, they managed to spill juice and stain pretty much every bedroom's carpet. The carpet is in good shape wear-wise (not...
  2. moparcanuck

    Carriage Houses

    Well, we managed to find ourselves a place in Airdrie. Still working on conditions and all that. Wound up getting way more house than we envisioned, but the beauty is it comes with a legal suite of approx 600 sq feet above the garage. I never actually new the term 'carriage house' until I had...
  3. moparcanuck

    Moving to Calgary, have questions

    Well, rather than doing the usual talk about rental properties, I thought I'd take a moment and talk about our own houses. I am transferring with my job to Calgary, and thought I'd generally ask about people's opinions on some items. There are 3 of us (me, wife, 4 year old boy). I do tend...
  4. moparcanuck

    Closed today on my latest property.......already rented!

    Officially closed today on my latest rental property (number 6, woo hoo!). Property was vacant, and vendor was happy to give me a key ahead of time to do showings, etc, since it needed basically nothing to get it ready. I had been showing it (and the phone was ringing off the hook), and found...
  5. moparcanuck

    One bad apple......

    In case anyone was wondering why real estate investors (aka landlords) get a bad reputation, and also why it's getting harder and harder to get financing as an investor, this was in this weekend's Red Deer Advocate: A Mountie formerly posted in Innisfail has been convicted of tormenting his...
  6. moparcanuck

    How important is a dishwasher?

    Question for those who have experience with this. How much difference does a dishwasher make to the rentability (and I guess the rental rate) on your properties. I'm looking at a duplex that seems to be in great shape (built in 1980, but most of the interior was redone a couple years ago)...
  7. moparcanuck

    How to purchase a mobile home

    Hey all, Looking to purchase my first mobile home (ironically, it's in a mobile home park I own, but never owned any of the units up until now). I've heard through the grapevine that since the purchase of just the mobile home does not involve Land Titles, that pretty much any Bill of Sale...
  8. moparcanuck

    Your thoughts re: pets

    Just closing on my first property where there's a question of pets being allowed or not (all my other properties were 'no brainers' either to yes, for the mobile home park, or no, for condos where they weren't allowed). How do others feel about pets? Obviously there's a risk for additional...
  9. moparcanuck

    Agreement for sale

    Has anyone had much in the way of experience with Agreement For Sale purchases? Seems like a good way to pick up properties that either the vendor isn't sure about how to avoid the mortgage break fee, or also a creative way to pick up a cashflowing property that is just out of qualifying reach...
  10. moparcanuck

    Fireplaces

    Hey all, Found me my next property! Huge townhouse. 4 level split, 4 bed, 1.5 bath, 1500+ sq ft, plus the undeveloped basement at around 800 sq ft. Even the crawl space (about 600 sq ft) is huge, and the space is about 5 ft tall, lots of storage! It's an end unit and the ends are actually...
  11. moparcanuck

    Question re: 8% rule

    Okay, we all know the 8% rule whereas the annual rent from a property should equal at least 8% (or even better 10%) of the price of the property. I've often pondered how other investors take into account two items that would affect the validity of the rule. 1. Condos. Condos inevitably...
  12. moparcanuck

    Question re: serving of eviction notice

    Hey all, Never had to worry about this one before, BUUUUUUT: I have a tenant who rents a mobile home site, and is no longer living there. The place is uninhabitted at the moment. No September rent yet, so going to be sending him a 14 day eviction notice. I do intend to post the notice on his...
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