Will This Property Cash Flow?
What calculations determine whether a property will cash flow – the most important question when buying a residential rental property?
Real Estate Investing
How to Choose the Right Real Estate Investment
In my parents’ generation, a real estate investment consisted of buying a primary residence, paying it off, and selling when it was time to downsize. Investing was limited to buying your home, having a savings account at the bank, and putting money into RRSPs. My parents and their circle of friends and family didn’t look …
Are You Setting Your Rental Property Up For Success? Which Landlord Type Are You?
Are you setting your rental property up for success? Landlords fall into specific categories. I came upon this realization when my husband and I ran a property management business for almost five years. There are 5 categories of landlords and two levels of profitability that fit into what I call the Landlord Profitability Meter. Let …
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Property Insurance – my experience filing insurance claims
Property insurance, once you have it if anything happens, you’re covered, right? Maybe yes, maybe no. Two years ago, the basement in my rental property in Fort McMurray flooded. I called insurance company A and filed a claim. Restoration of the basement suite was in the 30K range, and I was relieved my policy covered the cost. …
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How to Spot Fake Tenant References
References are an important and informative part of the tenant application/screening process. References not only verify the employment and rental history but also provide a snapshot of your future tenant’s personality, work habits. They are telling for how they get along with people. When Human Resources screens new employees, they ask for references, so should …