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  1. jarrettvaughan

    Business License Needed in Multifam Ownership?

    I have recently purchased a multifam in Edmonton and my property manager is asking me to get a business license. Is this a requirement for owning commercial property in Edmonton? I own the property in a corporation. Thanks for your help.
  2. jarrettvaughan

    Chilliwack Property Management Recommendations

    Hi, I am looking for a new property manager in Chilliwack........... do you have a recommendation? Would be great to hear who you are using and why? Thanks for your help.
  3. jarrettvaughan

    Property Manager- Illegal Suite

    Hi, I just received the following notice from my property manager: Unfortunately, the Real Estate Services Act does not permit us to manage a property where the basement suite is illegal. Therefore, due to the Real Estate Service Act we are unable to manage $(*#(#&#( Road. Please be...
  4. jarrettvaughan

    5 Year Tenancy Agreement

    My residential tenants in Red Deer would like to sign a 3-5 year lease. If we go through with this, can we increase the rent part way through the lease? If not, can we build a schedule for potential rental increases if it is stated in the lease doc? Thanks for your help.
  5. jarrettvaughan

    Lawyer Referral in Vancouver

    I am working with a JV partner on a multifamily building. One of my requirments is that they get their own legal advise but he does not know any lawyers. Since I should not allow him to use my lawyer, I am looking for a referral. Does anyone know of a good real estate lawyer in Vancouver...
  6. jarrettvaughan

    Commercial Realtor Recommendation for Red Deer and Edmonton

    I am looking for referrals for Commercial Realtors in Red Deer and Edmonton. I am looking for an 8-12 suite multi family building. Please let me know if you have anyone in mind, or if you have a building that you would like to unload.
  7. jarrettvaughan

    Finding a Multi Family Property???

    I have been listening to the Multi Family REIN CDs and have heard reference to the fact that multi family properties that are on MLS/ICX have been picked through, and most likely do not have a strong financial position. The speakers often speak about getting on realtors and multi family lists...
  8. jarrettvaughan

    Virtual Staging

    I have a few property photos that are unfurnished. The pictures are very unattractive. I was thinking of have the homes staged and photographed, but them I can upon the concept of virtual staging. Does anyone have experience with this or any other company? http://www.virtualstagingsolutions.com/
  9. jarrettvaughan

    Photographing a suite

    I am sure we have all seen rental ads with horrible pictures. Every time I take pictures of my properties, I am disappointed with the quality of the photos as they do not do the property justice. This is especially true when photographing a small bathroom, empty bedroom or dimly lit living room...
  10. jarrettvaughan

    Potential Investor with $150,000.00

    I have an investor that is interested in investing $150,000.00 with my on a JV. I currently own in Chilliwack and Red Deer and would prefer to stay in these areas as it is what I understand. They need as much cash flow as possible. Should we buy multifamily (4-8 plex), buy a house or...
  11. jarrettvaughan

    Great Tenant Looking for Housing in Vancouver

    A friend of mine is looking for a studio or one bedroom suite in Vancouvers west end, broadway, commercial drive or kits. He is a great tenant with a solid job with BC Assesments (govt). Let me know if you are in need of a tenant in these areas.
  12. jarrettvaughan

    Trip Advisor for Real Estate Related Companies

    I think it would be very helpful to have a "trip advisor" type system that would allow REIN Members to post companies that they have dealt with and rate them based on a number of factors. This would allow each member to view realtors, property managers, contractors, brokers etc etc in order to...
  13. jarrettvaughan

    The Elusive Canadian Housing Bubble

    The following is a link and abstract of a paper written about the potential of a housing bubble in Canada. Please read and comment. The cause of the housing bubble associated with the sharp run-up and the subsequent drop in home prices in the US over the period of 1999-2008 has been the...
  14. jarrettvaughan

    Realtor in Red Deer

    Hi, I am looking for reccomendations for a REIN Realtor or investment focused and knowledgable realtor in Red Deer. I am interested in purchasing a multifamily property. If you have any leads on a 4-8 plex, that would also be much appreciated.
  15. jarrettvaughan

    Accpeted offer 25% below market value

    I have an accepted offer that allows me to purchase a property for about 25% below my estimated appraised value. I understand that there are no longer 0 down mortgages but since this property will be purchased with 25% equity, does that mean that the bank will not require a down payment...
  16. jarrettvaughan

    Looking to rent in Ucluelet, BC

    My wife and I are moving to Ucluelet, BC in a couple weeks as I will be working and the new Blackrock Oceanfront Resort. We are looking to rent a 2ish Bedroom suite or condo close to the resort, ocean and town. If you have any properties in Ucluelet, please let me know so that we can have a look.
  17. jarrettvaughan

    Strata no longer allowing rentals

    Last year I wrote a letter to my strata to ask permission to rent out my townhouse (personal residence) because I was moving to Europe for 1.5 years for University. Under the strata rules, rentals are not permitted but they gave me permission, due to my situation. I am able to rent this house...
  18. jarrettvaughan

    Seller want to give me cash back

    I am interested in purchasing a condo and the seller has offered to charge me an extra 10% on the property and then give me the cash back to supplement my down payment. He mentioned that he does this all the time and has used this technique to purchase many properties. He also mentioned that I...
  19. jarrettvaughan

    Mandatory Donations on JV Properties-Social Responsibility

    In an effort to be more socially responsible, I have been thinking about including a non-profit donation line into my cashflow statement. What I mean is, I would include a donation of 5%-10% of the monthly revenue (not profit or cashflow) in the cashflow statement. This would be a mandatory...
  20. jarrettvaughan

    Property Manager Backing Out Becuase of Un-Authorized Suite

    I am facing a couple recent road blocks and would like some advice. I have 4 properties (5 doors) in the Fraser Valley which are all managed by the same company (I am living in France). I have a suited house that has an unauthorized suite and the tenants are having petty issues with each other...
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