I once saw one of these girls in tribunal, I knew her because she had wanted to rent a unit from me. She had caused substantial damages from parties and disturbed all the tenants. She didn't think it was her fault that her "friends" damaged her apartment. Her social workers were talking in the...

Students are good but you have to do it right. Cosigners, look and feel of the tenants, post-dated cheques, regular inspections etc. It is a quite systemized process that works well.

We were just chuckling about this...we typically buy only 100+ year old homes. We recently purchased a 15 yr old house, the only thing aside from the roof noted in the report was a stain in the carpet and a pull in the other carpet. We laughed that the inspector was stretching to find something...

I love Orillia but probably because I'm purely focused on the population that is growing ...STUDENTS ! I have several success stories about our student rentals and we just purchased another 2 houses. I think Orillia still has a ways to go for employment and long-term decent paying jobs.

I will say that despite a huge wall of fear I overcame my fears this year. I took on management of 4 student houses here in Barrie this August. (I had done all the September placement for the clients back in February and March). We also converted a dog duplex into a student house in Orillia...

We often offer a rental rebate of the increase for on-time payment. Provided they always pay on-time they get the discount. All documentation shows the higher rent though. Weigh the option of turnover, necessary repairs, short term tenants following, possibly the wrong tenant / eviction. I...

Our tenants would like to RTO the house they are in. They would like to invest in the property by doing additional upgrades - flooring and bathroom. How can we compensate them for that so it either adds to their deposit or comes off the purchase price ? Also we would like to match additional...

Say you had only 35k left on your primary mortgage home worth 250k. You purchase new home for 290 and want to rent old home. How would you structure financing for both houses ? My brother has found himself in a pickle (what I think is a great opportunity for him). His wife is sahm and they have...

I'm starting to see rent to own might not always be the easiest option. Sometimes it's nice to get in with little - no cash and NO mortgage, NO partner required. And if the payments work, just rent it out. I'd just keep renting it. We are doing this in Orillia on a triplex - adding value...

Love this post. Good job!

I love that we can stay tuned to all that we've missed ! but it makes me extremely sad I didn't brave the roads !

Good job Ben ! :) It's great to see others doing it !

I'm happy to belong to this cult.

I agree, the last 3 years renting suites was very hard starting in November-February. But with proper screening, advertising and good salesmanship I've been able to fill the majority of vacancies. People still move and you need to draw them in. There are less to pick from but they are there...

YEAH THOMAS !!! It's so wonderful to watch your success ! Especially when you've helped so many others get achieve theirs!

Same here....I got a bunch of motivated sellers whose feelings had changed quite a bit in the last 6 months since I first started talking with them !

I know some owners in Barrie have duplexed their homes. So a way to get around the rule.

QUOTE (DavidSandbrand @ Nov 18 2010, 12:23 AM) Is this a type-o Carrie? A mortgage of $350k plus $40 down (totaling $390k) does not make a good deal on a $320k property. At least not in my book. So, presuming you meant a mortgage of $250, you`re looking at a spread of $30k. That`s decent...

QUOTE (ThomasBeyer @ Nov 17 2010, 07:08 PM) 40K might be too high .. or it might be a super bargain ! Give us some more details on property value today, mortgage, value tomorrow, rent levels, location, etc. .. Do you want to buy my car ? It is only $12,000 ! $320 value, $40k moving money...

QUOTE (ThomasBeyer @ Nov 17 2010, 03:06 PM) AfS is a purchase agreement FOR FUTURE SALE .. secured on title like a 2nd mortgage ! it is as good as a second mortgage .. thus enforcable via court of law ! So we can give them a "deposit" of 40k...or is this not advisable ?