I'm doing some similar research and am not focusing on the relatively small monthly costs as much as their service. I recommend you focus more on the individual at the bank that will be servicing you. Ie your business banker. Once you have a great business banker you won't mind a couple cents...

Thx Sherilynn, I'll check out Rentboard. I've been using VRBO, Air bnb, roomorama and trip advisor. Lately I've been getting a couple hits on each.. I just cut and paste the ads from my own website www.priority-management.ca Which saves time.. I'm getting more attention now that we have received...

Where do you advertise? I've decided to rent some of my properties in East Toronto furnished and short term. I love renting top of the line executive properties. I rent by the day or week or month. Alot of the time we rent to overseas vacationers. I'm looking for the best places to advertise...

We are changing the direction of our corporation to focus on building the absolute top of the line furnished rentals!!! Anyone know of a great furnished rental website or agency with connections to the highest-end executive renters in Toronto.. ie doctors, lawyers, engineers, vacationers, out of...

MENTORING COURSE OUTLINE- Agreement between Student and Jeff Reed HOW TO PUT YOURSELF IN THE DRIVER`S SEAT WHEN HIRING CONTRACTORS.. The course outline will cover the following topics: 1. Selecting and analyzing potential investment properties 2. Organizing yourself for...

Hi Thomas. 2 websites because I am targeting 2 different clients. Firstly for "thehouseflipper.ca" I am targeting people that want to sell their homes because they can't afford them. The site needs to be simple and to the point and show advantages to selling to us. Next with "Priority...

I am creating my website(s) which has prompted me to consider the structure and target markets of my businesses. My 2 major focuses in business are (1)flipping and (2)holding/renting. I own a renovation corporation (Stretch Contracting Ltd.) which was opened in 2003 and has been successful...

Thank you! Very kind of you to take the time to comment. I am formulating my plan of attack, and this is very helpful. I think I will slap a for sale by owner on this property soon! I am leaning away from listing with an agent, as I know some agents for advice and have experience with the...

Nice comment mark. Very helpful, and i think very accurate. I appreciate you taking the time to reply, jeff QUOTE (markl @ Oct 6 2009, 07:20 AM) Just thought I would comment on the sub $300k mark. If your buying in Toronto any rental will cost you more than that and if it is lower you will...

I heard you can list your property on MLS without using an agent. Has anyone ever done this? Or do most people who sell privately just advertise outside of MLS? thx, Jeff

Thanks for your input. Do you mean "reno them" to flip or rent. QUOTE (thomasbeyer2000 @ Oct 5 2009, 10:49 AM) sell it. Two reasons: a) cash flow is too tight, and b) Any property worth over 300K (more or less) is too fancy to be used as a rental property. The damage tenants can do might...

Thanks guys! This is a tough decision for me. At least their is good potential for income on it. Wonder if I`ll pay capital gains if I reinvest the money into a smarter positive cashflow property in 2009? Thanks again, and if anyone else has any more comments, I`d appreciate them, cheers, jeff...

Thanks alot Tony, very helpful. I just signed up for REIN this wknd and am a bit overwhelmed. Lookin forward to chatting again, Jeff QUOTE (tonypeters @ Oct 5 2009, 09:17 AM) Jeff, The BEST advice I can give you is "consult with your accountant"! There are MANY influencing factors when it...

In 2009 I have sold one property for $40k more than I bought it for. I took the profit from this property (about $20k) and reinvested it in another property. I renovated the second property and may sell it for a profit of $80-$100k net profit. If I reinvest this profit in same calendar yr, do I...

I have a great brick bungalow with loft! Property is in the east end of Toronto located at a bus stop that takes you to subway in 5 mins.. It is a bit unique in that it has just been completely renovated (about $170k worth of renos- I think I might have over done it!). I have converted it into 2...