I always send a cleaning team on new tenants. - The cost it is already included in the rent. I budget such cost same as repairs and vacancy. - Your approach in theory sounds good but in reality, it's time consuming. You will never be sure if current tenant will do a good job, new tenant may be...
Please let me know if you have a unit close to McMaster University (Hamilton) as a family friend (female) from Mexico is coming to do a postgraduate studies for August 2021.
Please PM or email [email protected]
Here, I have been using them for last few years....
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I have never use his services and I do my own checks (mind you, I have been a landlord for 20+ years). If you become member of a landlord association they usually offer an option to pull credit checks for applicants at $10/$15 a pop. Now, I don't pull credit reports on everyone who applies. Only...
The proper way to deal with these issues when pets are allow, it is to have units pet-friendly. That is, no-carpets!.
I have been a landlord since 1992 and one of the things that I learned is that you could be right (in court as well) and have all fancy clauses on your contracts but likelihood...
The have used and recommend the services of Po/Stefan and Chad. They are both great brokers in Ottawa (No BS type of people)
https://www.mortgageweb.ca/stefankrepski or https://bestinterest.ca/
Your expectations are not realistic as you will be living in a building surrounded by people/pets/guest/etc. If you want peace and quite then look at condos that target elderly people or retirement places. Yet, you might have to knock on your neighbor;s door once in while to see if he is still...
Yes but your score is affected by both on the number of inquiries + new approved credit due lowering your credit age (Average). -- That why is never a good idea to close old accounts.
Please note that age of the credit is also a factor on your credit score. That is, you might get away on getting the credit by applying on the same day/week to multiple banks named LC/CC/HELOC etc. Yet, all your credit will be "new" which eventually will hit your score. This principal also...
1) Yes if she has the funds to do so (buy cash) but unlikely if she wants to qualify for mortgage with her income.
2) If you mother co-signs on a mortgage then she will be on title on that property. Unless an affidavit is signed that states limited ownership. Her state deal on what she owns.
3)...
I'm always looking, let me know. Also, you should post on https://www.facebook.com/groups/rein.ottawa A local group with about 100 members (some doing flips).
Building a portfolio is not just knowing a few basic rules, you must be strategic. Based on your comments, it appears that you tailor them to new investors. If you have not read this book, get it. The Canadian Real Estate Action Plan
It was not a requirement last time I use an real estate agent when buying (only driver's license). Yet, please note that bank might request to see last 3 months of bank statements not only to show proof of down payment but confirm rent income (beside current leases). This never happen to me on...
Next time try to focus on purposed build properties as they eliminate a lot of these issues that you mentioned. Yes, you might be paying a little bit more but worth the money due saving on time, stress. Most come with proper parking, separated meters, decent noise levels. etc.