Landlords Do Care, But You Will Never See It On TV!
Fred was pensioner who lived in one our apartment suites in northeast Edmonton, where he has been living in a bachelor suite since 1977. I first met him when we took over management of his apartment building in 1990. When we took over, Fred’s rent was $100 lower than the other suites. We were told [...]
Advanced Landlording & Investing Fundamentals Expo (LIFE)
The Real Estate Investment Network (REIN) is putting on a awesome event in Edmonton on June 26, 27 & 28. Friday night starts with an economic summit with key speakers, some top Canadian economists and veteran analysts. You can download the PDF brochure here, or go here to register. Saturdayis the LIFE Expo and starts [...]
Testing Edmonton Rental Websites
As a Landlord in Edmonton, finding the great tenants during the busy summer rental season is a must. With the economic slowdown and the increased vacancy in Edmonton, it time to check our rental tools. The Edmonton Journal Classified section, the traditional place to advertise the rentals, has shrunk from 2 full pages a few [...]
Drowning in a Sea of Ads
How does a tenant find a place in the big wide sea that is now the Edmonton rental market. 10 years ago, we only had the Edmonton Journal, the Edmonton Sun, and the Home Renters Guide. No internet. 4 years ago, Rent Edmonton and Rentfaster were available, and were very good at attracting the tenant [...]
11 Lessons From Recessions Past
I was listening to the local news last week and the headlines gave me this feeling of doom. Companies closing, job layoffs, foreclosures and the stock market crashing. No political scandals or crazy celebrities to take my mind off the bad economy. I flashed back to the last big recession in my life; the 1980′s in Alberta. [...]
5 Questions to Ask Your New Property Manager
Recently a renovator posing as a property manager in Edmonton has gone bankrupt. Because this company was not a legal property manager, all rents and security deposits are probably gone. If you were one of the victims, it is critical that you file a written complaint with RECA (the Real Estate Council of Alberta) at [...]
If you property manager isn’t licensed, your money isn’t safe.
If you property manager isn’t licensed, your money isn’t safe. Many people don’t realize that property managers need to be licensed by the Real Estate Council of Alberta (RECA). When you’re considering a property manager, take the time to check your property manager’s licensing status. You can do this on RECA’s website. If you’re in [...]
Dealing with Difficult Tenants
(Posted by Chris) Hopefully many of you had a chance to attend Brent’s presentation to the Real Estate Investment Network (REIN) in Calgary on November 5th, 2008. This was the first in a three part series about landlording. Brent spoke about dealing with difficult tenants, in particular how realizing what type of game face you’re [...]
The Black Triangle of East Edmonton
First time Real Estate Investors, often out-of-town seminar grads, come charging into Edmonton and buy where the property is the cheapest. It’s Cheap for a Reason I shake my head whenever a client calls to tell me his new property is in East Edmonton. One client bought what he called a “3-plex.” In reality it [...]