Atb (as of yesterday)is making the interest that was deferred due at the end of your term ie renewal, so if you have a 4 years left on term at renewal you would pay the interest you skipped. Regarding LOC's you can defer the payments but they are due at the end of the six months so definately...

My two cents: Mccauley is not for the faint of heart or newbie investors, I've owned a house in Mccauley for over 12 years, I see this area changing for the good, however the tenant profile is very rough, it was my first house and I have kept it only because I see the potential and the changes...

I fully agree, I have found that the RTDRS is not following the Act, I had a tenant three times to the RTDRS for non payment of rent and they kept giving them court ordered payments to catch up. My stupidity is that I had them on a month to month as I had forgotten to do the new lease so I...

Hello, which models of the Ouellete forced heaters are you using? ouellete forced fan heaters on digital thermostats if you don’t have options for natural gas.

Hello Which area of Alberta is this in? In Edmonton its much cheaper to purchase than to finance with a company such as Reliance. What prices ahem you been quoted for furnaces and hwt etc? Lisa

I use property ware, I love it, it was a bit confusing at first but once I got the hang of it I rocked it. Its great because it also has tenant portals so tenants can email in work orders and then the work order can be sent to the handyman etc, makes things easier to keep track of. Lisa

I agree with the above comments, ensure it cash flows if the other suites get shut down and also budget for repairs should you need to decommission the suite. Lisa

Hi Derek You should have the tenants pay the utilities, in our suited properties we do a flat rate for each suite, we usually add a bit extra to cover excess usage etc. This has worked really well for us, suited properties have more cash flow hence you can weather the storms of up and down...

I own a 4 flex with separate furnaces hwt's etc and I love it. If I was to build I would install separate, just for the fact that in the end its more money in your pocket, less utility costs etc, plus this would be a lot easier to sell each unit, perhaps sell a few and keep a couple with the...

Hello Nicola I'm with SMI also, they are getting tighter on sewer back up coverage, you may want to ask what the premium will be and what the coverage amount will be. Many are capping the coverage at $10,000 and some and $50,000. If they are at $10,000 then the premium may not be worth it when...

Whom do you use for insurance? Lisa

Is a ozonator safe to use when there is adjacent apartments that share the same air and those occupants are in the building while its being ozonated? Just curious Lisa

Hey Ryan If you wont be near the property for active management you may be better off doing the loans as it would be a lot less work and from what it sounds like, you would have $1500 cashflow. Edmonton the vacancy rate is up and if you have a tenant leave who would show your suites or overlook...

I completely disagree, if you know your market, there is always opportunity, you may not make as much money on appreciation but there is always properties to make money on the buy and mortgage pay down (this is huge with todays interest rates) and if you're lucky cashflow depending on the...

"Wow, that's a little harsh especially when someone such as Thomas is stating his well earned opinions. I'd like to say that no one can predict the market, the market will do what it wants and often without warning, history does lend a hand in possible predictions but one must find their own...

If smells are the issue, I would suggest a UV induct air purifier, costs around $5-600 (a lot more if you pay someone to install it) and you can easily install these yourself. They get rd of smells within 30 mins (eve curry and fish), they are unreal. I put these in my houses if its too much...

Hello I definately second a Private money lender for a quick flip (if you don't have enough LOC room), just keep in mind if you plan to keep the property and pull out money/refi that it can take up to 2 months to clear title/discharge from the original seller (in Alberta anyways) and the banks...

Hello again I completely understand the frustration ,but I encourage you to somehow try to do what's easier for you and will be less stress on you, its often easy to take things personally, we all do it, however if you try to remember the end goal and that it's a business, if you've already...

I think the biggest thing here is to always check with the LTDRS 780-496-5959, and in the end as much as its sucks, you may just want to give the money back as they too (even though) it's their fault, have most likely lost everything. I always believe that business is business but sometimes we...

Hello What do you mean by "Last months rent" Are you referring to the rent paid for the month he last resided or for a future month? Its important to note that if this was intended for a future month then insurance will not pay you loss of rent for that month as you can't benefit from a claim...