tag:blogger.com,1999:blog-69705811209606456432012-02-16T18:17:46.201-05:00Daily memoirs of the rental business.Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.comBlogger531100tag:blogger.com,1999:blog-6970581120960645643.post-45372911965835325242012-01-01T19:51:00.002-05:002012-01-01T19:51:36.812-05:00

My commercial tenant fell 3 months behind in rent. He operates, or did operate, an automotive service center. This was a busy spot a few years back and business was good, however in the last few years it slowed down and he was not able to keep up. In order to take fate into my own hands, my brother and I decided to ask him to leave (or be evicted) and that we would take over his business. We

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-68695492274454322912011-12-20T12:39:00.001-05:002011-12-20T12:46:42.658-05:00

First off, Karma has gotten Scott Sullivan (see last post "crooked lawyer" below) back as he was found guilty of 5 fraud or related charges. To be sentenced on March 6/12. I hope he has to pay restitution as part of his sentence. Of course, if he has any money left. The last 6 months or so have been boring as far as tenants go, which is good as you know. However, December didn't start so well,

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-91970499046455175592010-06-13T19:21:00.007-05:002010-06-13T20:00:25.561-05:00

Although this happened a few years back, I noticed I never wrote about it. You guys are going to love this as I can write and joke about it now, 2 years ago, not so much. Scott Sullivan, a lawyer in Windsor, was my lawyer on most of my Real Estate transactions. He was actually a friend that I grew up with and lived next door to me for almost 20 years. On one particular transaction, I was renewing

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com1tag:blogger.com,1999:blog-6970581120960645643.post-51067513459130495942010-05-31T08:34:00.003-05:002011-12-20T12:41:16.040-05:00

It's been a while since my last post. Too much to write about. I'll just write about now and not what has gone on. All my places are full and with a good round of tenants, with the exception of a few rooms at the student house. The auto shop is busy again after a scare over the winter as the tenant wasn't doing so well with business. I thought I would have an empty building. All is good now as he

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-18646351102776443192009-06-24T17:11:00.003-05:002009-06-24T17:35:51.264-05:00

This is not something I enjoyed doing but I had to evict a tenant for non payment of rent on Monday. The Sheriff showed him out. He owes me $3500.00. I realize tenants may read this and feel as if it was unfair but landlords will appreciate the action taken. I will list the procedure in Ontario on how to evict a tenant for non-payment. Assuming rents are due on the 1st and are not paid you can

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com1tag:blogger.com,1999:blog-6970581120960645643.post-83047800458109578062009-06-17T11:18:00.002-05:002009-06-17T11:29:45.061-05:00

Got some good news the other day that a tenant who was leaving because they bought a house is staying. Mortgage companies are pretty strict lately as we know and they didn't get approved. Unfortunate for them as they are great people and I feel bad for them but I sure am glad I didn't have to go the tenant screening process on this place. They have been their for 2 years and have called me twice

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-41951502582369768272009-06-15T20:57:00.002-05:002009-06-15T21:14:59.124-05:00

Showed the bachelor unit at the student house the other day to a student who is going to Wayne State University and works in Windsor down the street from the rental house. He wanted the place but on a month to month basis and not on the minimum 8 month lease I require. I asked him why and his answer was that he wants to be able to give 30 days notice and move at any time. Needless to say it was a

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-40767334508532977852009-06-11T16:17:00.006-05:002009-06-11T16:29:50.640-05:00

Spent a few hours today cleaning a bachelor unit that is empty. This is located in the basement at my student house. Placed an add online and hopefully it rents soon. Had an offer from a friend who wants to invest in my student house. Not sure that I want a partner although he is very handy and does all the repairs their anyway and I pay him of course. This service would now be free as he would

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-5542811708067007112009-06-08T16:22:00.003-05:002009-06-08T17:03:05.138-05:00

I realize most of my posts contain problems that happen with being a landlord. Don't get me wrong, I enjoy being a landlord 90% of the time but its not exciting to write about things when it goes well. Except for today's post in which I'll give you numbers on a certain property which I don't usually do. 3-1/2 years ago I purchased a 1/2 acre commercial property in a small town outside Windsor,

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-54443359584867159892009-06-06T14:03:00.004-05:002009-06-06T14:12:09.968-05:00

Had a cheque come back NSF yesterday. It happens to be tenants who gave notice in the last post on this blog. I emailed them and we setup a time to pick up the cash plus a NSF fee of $25. No harm done except an extra trip. I don't see how these people can own a house or get financing as they repeatedly delay paying rent. Went to my student house today to cut grass and drop off more ceramic tile

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-34029413384849507872009-06-03T20:02:00.004-05:002009-06-03T20:21:04.333-05:00

This is the part about landlording that sucks. Tenant emailed and gave notice as they are buying a house and moving out at the end of July. So, that means that not only have I lost some students for the summer, I now will have 2 units empty at the end of July as another tenant gave notice earlier as she is sick and family will now take care of her. The only positives out of this is that they

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com1tag:blogger.com,1999:blog-6970581120960645643.post-18014060607744228322009-06-03T08:02:00.002-05:002009-06-03T08:12:11.465-05:00

Busy day at the shop yesterday. Good news as I was able to get last months rent. June will have to wait. Better than an empty building as times are tough. Collected $350 from $875 owing for rent from a tenant. He now owes me in the vicinity of $3000. I was going to the Sheriffs office today to have him removed but he called and guaranteed he would have it in a week or leave voluntarily ????? I

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-65765841122340715252009-06-01T19:07:00.003-05:002009-06-01T19:33:08.558-05:00

Started the day delivering ceramic tiles,paint etc to my student house as its time for a face lift. Had a friend redoing the second storey steps on the back deck. Ran around collecting rents at the other places as well. Successful collecting except 1. As usual he's stalling, cheques late bla bla bla. This tenant has shorted me every month for the last year. I have taken it to the rental board and

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-5733231098379497792009-05-30T07:56:00.003-05:002009-05-30T08:05:31.719-05:00

Been away from Blogging for a while, but joined twitter last night and will now share this blog with others I hope. Been a tough year for rentals as prices have declined in this area as many layoffs are happening. Been fortunate to have no vacancy YET. My student house just emptied as most went home and only 3 are staying for the summer, Ouch. Going shopping to try and find matching tile for an

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-44291526271260421622008-02-03T08:59:00.000-05:002008-12-10T04:14:06.679-05:00

As expected, the yo-yo from last month whom I had to get money from the hard way has again shorted me and given me $400 of $875. I gave him a N4 notice and asked him to start looking for a new place. Another tenant gave me a cheque, but I cant cash it until she receives a cheque she is waiting for. Another tenant whom is leaving for March 1st owes me $200. She wasn't home at the time of

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-54293292361815245962008-01-16T17:13:00.000-05:002008-12-10T04:14:06.920-05:00

My gamble paid off. Instead of reimbursing my tenants wife for the $875 I accidentally deposited. The tenant agreed to pay her back directly. Good thing as he was not receiving the total amount from social services. I did tell her that if I gave her a cheque for the $875 it couldn't be deposited until I received money from my tenant as there was no money in my account. She called him immediately

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-25802029295282448892008-01-14T00:27:00.000-05:002008-12-10T04:14:07.174-05:00

I've run into an interesting dilemma. A tenant has not paid January's rent of $875 yet and still owes $175 from December. It seems his wife has left him and she paid the rent. He has applied for social assistance and expects my money by Tuesday or Wednesday. I did however have a cheque for $875 from December that I was asked not to cash as he paid me cash that month. I mistakenly cashed it the

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-23427524570247006692007-12-21T13:14:00.000-05:002008-12-10T04:14:07.420-05:00

Received an email today regarding a tenant that has applied for geared to income housing as she struggles monthly to keep up. I don't have a problem with this as I have to chase my rent each month with her. I gave her a good reference but let them know she is only 8 months into a 12 month lease. Hope she doesn't break her lease inappropriately. All else is well and happy Holidays to all.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-79857965394511197922007-12-10T13:04:00.000-05:002008-12-10T04:14:07.598-05:00

Picked up rents on the first and actually got all of them on time except 1 who was $125 short. He does a lot of work around the property for me at no charge so I excuse the lateness once in a while. Still waiting to rent 5 rooms. Got an email last night about someone throwing beer bottles in a tenants back yard in which I replied for them to call police and remain anonymous. Dropped off some salt

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-72132072974345492222007-11-25T17:22:00.000-05:002008-12-10T04:14:07.863-05:00

I spent a few hours today doing some repairs on a few properties. Plastic on a couple of windows at 1 place and repaired a stove element at another. I replaced all the light bulbs at the student rentals with energy efficient bulbs as the utilities are included in the rents. I also met a new tenant to give them keys in exchange for 1st and last months rent of course.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-21689021626376625682007-11-21T17:05:00.000-05:002008-12-10T04:14:08.029-05:00

I have missed quite a few months. So I will begin my writings again, but perhaps 2-3 times per week. I have been fortunate to have had other income from my business ventures in the last 6 months as the rental market has dried up. I had 11 rooms empty (students) all summer and 1- 2 bedroom unit empty since August. I now have 5 rooms rented and the 2 bedroom rented. The last tenants in the 2

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-86467645199886663662007-02-01T20:10:00.000-05:002007-02-01T20:17:07.957-05:00

Had a soon to be tenant pull a fast one. He looked at a room for rent I had and told me he would get money on the 1st of the month from social assistance at which time he would move in. Social assistance called me to verify and asked to hold the room for him as he would receive the money. Got a call today from his mother who told me that he was no longer taking the room and that he was on his way

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-34515740527280140402007-01-28T08:29:00.000-05:002008-12-10T04:14:08.316-05:00

I thought I would call a tenant who lives in a duplex to ask for rent as she is difficult to get a hold of. She said told me to come by on Monday, but she will only be staying until April 30. Nice to get 90 days notice but sucks to lose a tenant. The other half of the duplex will be available for March 1st as the other couple are moving out as they bought a house. This means I will need to rent 1

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-3117543674164197102007-01-26T21:43:00.000-05:002008-12-10T04:14:08.417-05:00

Had an eventful week. Sunday I rented a room to a young lady. Wednesday I rented another room to a young man. I have 1 room left to rent for a full house which I am showing on Sunday. I spent the week at my shop helping attain some performance targets which seems we will meet. I do charge consulting fees for my time spent their which are paid to my holding company. This will improve my bottom

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-63523194067464040512007-01-20T07:18:00.000-05:002008-12-10T04:14:08.644-05:00

Although I hate working at the counter in a service garage. I have decided to go in to work at my shop everyday for about 4-5hrs. To maximize my return I feel I need to push things a little more and I believe that can only be done with my presence. My partner has done a good job so far, but I feel my 11 years experience in the automotive dealership environment will help towards our bottom line.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-3343785774392106642007-01-17T18:12:00.000-05:002007-01-17T18:21:55.196-05:00

Received an email from another tenant complaining about the utilities bills. I kindly replied that this is not something I can control. She asked to have a set cost along with rent. So let me get this right, you want me to pay the bills and you not have to be concerned with how much hydro and gas you use. hmmm. NO was my response. She didn't seem to complain when it was warmer out and the bills

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-60125619379358611312007-01-15T11:50:00.000-05:002008-12-10T04:14:08.943-05:00

Uneventful weekend, but I visited a property that had complained of a leaky tap and repaired the tap by replacing the washers with new ones. Approximately an hour and a half which includes buying parts. Some people ask me how I put up with such complaints, my response has become reflex stating that, most people spend 40+ hours a week working for someone but they can't imagine spending 10 hours a

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-38481663673148583962007-01-11T22:36:00.000-05:002008-12-10T04:14:09.106-05:00

Spent the last couple of days in bed with the flu, however I did make a trip to pickup a new rent cheque as the previous one bounced. I am still waiting for rent from January 1st from 1 tenant who asked if she could be late by 2 weeks. She has been on time in the past and I thought it would be o.k. once in a while. I will be heading out to the shop tomorrow morning to do my weekly visit and do

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-27890045914170907992007-01-09T18:55:00.000-05:002007-01-09T19:01:07.361-05:00

Went for a ride today, as I do on occassion. Drove by all my properties. I like to take an exterior look at them from the road just to see if there is anything that may need attention or that I can improve. I want them to be the best looking house on the block if I can. This gives them a good reputation for when they come up for rent. Although I didn't find anything of concern, I did however

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-68065439057296047912007-01-05T21:39:00.000-05:002008-12-10T04:14:09.237-05:00

I spent the day at my commercial property. The auto service center that operates their, which I have an interest in, required my help today as my partner had other business to attend. I spent the day answering phones and checking in vehicles for service. I have 11 years experience in this field. It reminded me of why I quit and went into real estate. Customer service is out of control, they

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-66953034883281541092007-01-04T13:11:00.000-05:002008-12-10T04:14:09.418-05:00

Since Monday, there hasn't been much to talk about. I did get a call from a tenant who said that a tap is dripping, but not urgent. I am currently looking into any properties that have vendor financing as the real estate market in Windsor area has gone South with many properties on the market. Perhaps I can steal a duplex or triplex with no money down and vendor financing. You may think that

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-30616550317998954092007-01-01T22:56:00.000-05:002008-12-10T04:14:09.618-05:00

My goals for this year are to acquire at least 2 more properties. I'm not totally sold on commercial yet as it seems like a lot of b.s. to get financing with many fees $$$$$$. Collected rents today and as expected some couldn't pay until next week, 2 to be exact. Some of you may think that's not acceptable, but sometimes you have to be lenient to keep tenants as long as it is not a regular

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-24293740716587081762006-12-28T23:05:00.000-05:002006-12-28T23:11:54.368-05:00

It seems the possible tenant did not call me to confirm our appointment to view a room today. I tried calling him but no answer. I used to set up a time and wait for them at the house but experience told me to get a number and confirm a few hours before the appointment so I'm not left driving to the house and waiting around and like I said 1 in 3 do not show up. 3 rooms vacant that I need to rent

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-39752541158610051462006-12-27T21:29:00.000-05:002008-12-10T04:14:09.829-05:00

Replaced the washing machine at 1 of my duplexes. I have a couple of rooms to rent out and I got a call today from a person who is interested. We scheduled an appointment for tomorrow. I find that 1 out of 3 don't show up, so we'll see tomorrow. I am wondering how I will pickup every ones rent on the 1st of January as I would like to relax that day and not knock on doors to collect. Last year I

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-78920405291269750612006-12-24T13:35:00.000-05:002008-12-10T04:14:09.962-05:00

The past few days have been quite, as expected.Called or emailed all my tenants a Merry Christmas. Spent Saturday at my shop for the Christmas Party. Looking forward to all the eatings at our Family parties. Enjoy the holidays.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-62967473313122259662006-12-21T20:42:00.000-05:002008-12-10T04:14:10.165-05:00

Spent a few hours cleaning at 1 of my duplexes. The tenants have gone home for Christmas and I figure it's to my advantage to go in and clean the entry, floors etc.. Also picked up utilities money from the units that reimburse me for their portion of the bills. The auto service center that I am involved in is beginning to sell cars on the lot. Good news because as it grows they will need more

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-89979318674125715102006-12-20T23:13:00.000-05:002008-12-10T04:14:10.236-05:00

I sent my resume in to the local housing authority for the property manager position. We'll see what happens. This is not a job that I need but I feel this may benefit me by perhaps allowing me to become familiar with some government programs that I may be able to use to fill units as they become available with tenants on social assistance (cheques mailed to me directly). I have a few of these

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-681962925788709782006-12-18T22:53:00.000-05:002006-12-18T23:03:16.741-05:00

Had a tenant try to break his lease with 8 months remaining on a 1 year lease. I explained to him that along with the $200 penalty I will also require 60 days notice. He reconsidered and is now staying. Reinstalled the new window at my duplex that was broken into. Had 2 emails from people looking to rent rooms but no appointments yet. Found a job ad in the local paper, seems the local housing

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-16673648511282543372006-12-15T22:21:00.001-05:002009-06-19T19:53:30.698-05:00

Visited the auto repair center on my commercial property, as I do every Friday, and completed the past weeks bookkeeping. Picked up the repaired window from the glass shop and drove by one of my duplexes to inspect the roof repair before paying. Had an appointment to show a room at another duplex but the girl called and rescheduled for tomorrow.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-77769811149891314622006-12-14T22:32:00.000-05:002006-12-14T22:38:13.888-05:00

Finally the roofer repaired the roof. I wonder how he will like it when I delay paying him? Looks like I need to buy a new washer for 1 of my places as it is acting up again $$$$$. Brought the tenants the utilities bills at my duplex that I rent by the room. I give them 1 week to pay it. They split amongst the number of rooms rented. I also asked that they leave post dated cheques for January 1st

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-20089991586600139062006-12-12T23:44:00.000-05:002008-12-10T04:14:10.357-05:00

Roof still not repaired. Contractor nowhere to be found. Picked up rent money that was returned NSF earlier. Had a tenant move out of one of my duplexes I rent by the room. She was an ideal tenant but I'm happy to see people move on to bigger and better things. I think I'll look for a new roofer tomorrow.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-37582758652241390742006-12-11T20:05:00.000-05:002008-12-10T04:14:10.511-05:00

All was quite this weekend. Emailed the missing roofer today and he emailed me back, the roof at a duplex will be repaired today (heard that before). Still don't know who's nsf cheque I got last week as the snail mail is slow this time of year. Received an email from a tenant inquiring who pays for cable? That was an easy answer, you do.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-177383412229106722006-12-08T21:54:00.000-05:002008-12-10T04:14:10.622-05:00

Seems my partner in my auto repair shop venture is interested in buying out my 40% share in the spring. This will be a relief as my interest is in collecting the rent for the property not really in the business. This will also allow me to use the money towards another property. Picked up money for the nsf cheque from earlier in the week from the tenant's utilities portion (cash this time). Still

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-13036424834989556892006-12-07T21:55:00.000-05:002008-12-10T04:14:10.793-05:00

Had a rent cheque come back NSF. Not sure who's until I receive it in the mail (not that the tenant would call first). Attended a meeting regarding the new bridge crossing plans from Windsor to Detroit and how it will affect 1 of my properties near bye. They will not be buying it as it is 1 block further than the outlined area. In a way I am glad, as it is 1 of my most profitable investments.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-92191704418533715222006-12-06T22:52:00.000-05:002006-12-06T22:57:44.332-05:00

Received 2 emails this morning. 1 stating that the washer was not working properly, but later emailed me back telling me it was o.k.(had me looking for a new washer), 2nd email was from another tenant, who gave me an NSF cheque for her portion of utilities, saying that I can pick up the new money Friday.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-84331815794046530242006-12-05T16:16:00.000-05:002008-12-10T04:14:11.006-05:00

Met with a roofing contractor at one of my duplexes. Seems the laundry room roof is leaking in a strong rain. Improperly flashed where roof meets another wall ($250). Will be completed this week. Heard through my mortgage broker that all kinds of new mortgages are becoming available with 0% down on rental properties.Opens up new opportunities.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-84189799168786403842006-12-04T10:29:00.000-05:002006-12-04T10:32:46.716-05:00

All was quite on the weekend. But I did take the opportunity to make year end statements for rents paid and delivered to the tenants for taxes. Again this is a chance to visit the properties (keep tenants on their toes). I also removed the broken window from the Break and enter house for repairs (tenant paid cash in advance for cost).

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-91485502997376631892006-12-01T19:06:00.000-05:002008-12-10T04:14:11.171-05:00

Collected all but 1 tenants rent. She forgot to leave it at the house and was away. I will pick it up tomorrow. I always pick up rents rather than take post dated cheques as this allows me to visit the properties on a regular basis. All my agreements include a once a month (1st of the month) walk-thru for a "maintenance inspection". Keeps tenants on their toes.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-22898610341979377692006-11-30T22:00:00.000-05:002006-12-01T19:11:44.445-05:00

The last few days have been interesting but today is calm as it usually is. Drove out to my commercial property, which is 45 minutes from my home, to do books for the business that is their. I own 40% of the company as well as the property. Noticed a drip from the ceiling, in the shop, in the rain today. Not urgent as it is an auto repair shop, but will need repairing at some point nonetheless.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-46131921753466376672006-11-29T12:03:00.000-05:002008-12-10T04:14:11.563-05:00

I just got back from picking up the rent, 2 days in advance, from the tenant who needed to speak to me. Good news and Bad news. The good news is she plans on staying as she had previously given notice to leave at the end of January. Bad news is she is complaining of the downstairs tenant smoking in the house (shes' allergic). The downstairs tenant is aware of this condition. So I did the logical

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-69324975222722862372006-11-28T17:44:00.000-05:002006-11-28T17:53:16.442-05:00

Got a call this morning that forensics are done with the B&E at 1 of my duplexes and that I can now replace the window $$$$$. Hopefully the tenant does not give notice to leave as their privacy has now been violated. Met the pest control company at another duplex to see if he can get those sneaky mice out of the house $$$$$. I will be losing 1 tenant (rented by the room) for this issue.

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-5027468745085932222006-11-27T17:19:00.000-05:002008-12-10T04:14:11.677-05:00

Well, where do I start? Yesterday someone broke into one of my duplexes. Broke the window and entered the house stealing some valuables in mid daylight. It seams the tenant had not stayed at the house for a few weeks and the mail had piled up (there's a clue for would be thieves). Of coarse the tenant did not yet have insurance. I sealed the window with plywood until forensics take prints etc...

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0tag:blogger.com,1999:blog-6970581120960645643.post-44642221047819580092006-11-26T23:27:00.000-05:002006-11-27T00:01:44.245-05:00

I started investing in rental properties in 2000. I purchased a bungalow on the water which I renovated and refinanced 2 years later. That allowed me to purchase a duplex in 2002. After realizing that there is money to be made in the rental market I sold my lakehouse in 2004 for nearly double what I paid for it and purchased 2 more duplexes in 2005. I renovated and refinanced these duplexes and

Landlordhttp://www.blogger.com/profile/12422554141479394416noreply@blogger.com0