Hey all, Sorry for the delay in getting back to you in terms of my findings. I expected a large hydro bill, due to a/c, ineffecient windows, multiple fridges, etc, but the bill seemed much higher than anticipated. An electrician has said it is likely due to the electric water heater. I had...

Hey all, Thank you for the posts!! It has nothing to do with the workshop, thermostat is off, and tenant is barely there, once every couple days to pick up painting supplies as he runs painting business. I live on premise and have been in there several times over last month...

Thanks all, It is not deposit, it is straight electricity. Investsmart, I wish now I had asked for old hydro bills when I bought it. However since heated by natural gas, and similar size/tenant profile/appliances to other rental, I was not too worried about it. It actually had newer...

Thanks for the tips, I cannot turn breaker to small workshop off, as someone rents it off me (Only uses it to store painting supplies for company). Thermostat is off in it, he will use lights and garage door opener. I have been in tenants rooms many times and have never seen a space...

Thanks for the response!! I agree with you that an audit is a good idea regardless of energy. I have a sinking feeling the energy audit will just tell me my electriciy use will improve with more energy effecient appliances. While true, they are all fairly new, and is not why bill is...

Hello all!! Have a rather stressful issue here. Purchased a property a couple months ago. I am living in basement and there are two people upstairs and there is a shared kitchen. Utilties are in my name. First bill came in today and hydro from Apr 15th-Jun 8th was $502.90 before taxes. Yes...

An article from the Star yesterday. (not one for your JV presentations!) Bay St. guru David Rosenberg does not seem to think we are on very stable ground! “It would not be out of the realm to see a correction, using nationwide average home prices as the benchmark, of at least 20 per...

Luke, That is what I suspected, that many simply did not disclose they are renting to students. Hence, the low prices. Thanks for the contact, I`ve heard of HUB being recommended before. Thanks, Adam

Hello all, I was wondering if there were any recommendations for a good insurance company/broker for student rental housing. It is a 4 bedroom house in Guelph. I keep hearing people paying $600-$700 for similar places being rented to students, but just got a quote for...

Hey all, I`m looking for a new primary residence, and with working in north Brampton, south Orangeville looks good to me. I was wondering if anyone could recommend an excellent realtor in area? Happy Holidays, Adam

Cameron and Adam, Thank you for your input!!!! Always appreciated!! Glad to hear your experience in Brantford is positive Cameron. Adam.

Hello all!! I am just curious about Brantford student rentals. Don mentioned a shortage of decent student housing at the last REIN meeting. There is a small population of Laurier/Nipissing students near the downtwon core and I imagine you would need to be at least 15min or so walk away from...

Matt, I just wrote an offer for my second student rental in Guelph. I have done a fair bit of research into area. Be careful of getting into an illegal lodging house (more then 4 with no license), it`s only a matter of time before city cracks down on them (Currently complaint based...

Adam, I don`t believe the 20% (or 25%) is available anymore for student housing..... I`d be fine with 20%... not 35% with commerical interest rates. Adam.

Andrew, Great point. This financing barrier is extremly frusterating for myself, as I see student housing in the Waterloo area as an excellent investment. I`ve put a lot of research into the area of student housing and it seems you now must put down 35% regardless and may have to take...

Yeah, I`m pretty sure max FICO score is 850..... I don`t think 863 exists...

Thank you Carla! I`ve heard of Tanya & Marco Santoro, (Don`s book!), and I will contact Tracie. I will let you know you recommended. THanks! Adam.

hahah, nothing is wrong with this area..... just not quite the cashflow I`d like, I`m looking into some other student areas that cashflow better the Guelph/KW. Still love KW, but feel cashflow should be top priority right now.

Hi all, I continue to learn so much from all of you. Very useful for us beginning investors. I was wondering if anyone knew of an experienced realtor they could recommend in St.Catharines. I`m looking into the student market there. A REIN member would be fantastic!! Thanks...

Marco, I`m 25 and have one investment property, just starting out myself. Hoping to pick up a second soon. I think I would be able to concentrate on work more if I wasen`t chasing these investment dreams as well!!! Working for the man is always tough when you know it`s possible to be...