by Mr. Cheap on August 24, 2010
One of the things I find interesting about human cognition is how we handle different intellectual tasks. Catching a ball is an INCREDIBLY tough task on the surface, the catcher needs to: estimate the ball’s current location, estimate it’s current direction and speed of travel, apply the force of gravity to it to determine its [...]
by Mr. Cheap on August 17, 2010
This post is part of a five-part series about tenants leaving a condo and finding and screening the new tenants: How to screen tenants Screening Tenants – Advertising and Showings Screening Tenants – Filling Out Applications Screening Tenants – Credit Check Screening Tenants – Lease Agreement And Repairs Repairs Alexandra and Rachelle had more good [...]
by Mr. Cheap on August 12, 2010
This post is part of a five-part series about tenants leaving a condo and finding and screening the new tenants: How to screen tenants Screening Tenants – Advertising and Showings Screening Tenants – Filling Out Applications Screening Tenants – Credit Check Screening Tenants – Lease Agreement And Repairs Credit Check Check out Rachelle‘s excellent post [...]
by Mr. Cheap on August 10, 2010
This post is part of a five-part series about tenants leaving a condo and finding and screening the new tenants: How to screen tenants Screening Tenants – Advertising and Showings Screening Tenants – Filling Out Applications Screening Tenants – Credit Check Screening Tenants – Lease Agreement And Repairs Application After showing the apartment to potential [...]
by Mr. Cheap on August 5, 2010
by Mike Holman on August 2, 2010
Warning – this post is not suitable for family viewing! I originally rejected this post and then decided to run it – then I rejected it again and finally decided again to publish it. It’s not the type of post I really want to publish, but it does contain a good lesson for prospective landlords. [...]
by Mr. Cheap on July 28, 2010
by Mr. Cheap on July 27, 2010
This post is part of a five-part series about tenants leaving a condo and finding and screening the new tenants: How to screen tenants Screening Tenants – Advertising and Showings Screening Tenants – Filling Out Applications Screening Tenants – Credit Check Screening Tenants – Lease Agreement And Repairs Advertising I’ve touched on this in previous [...]
by Mr. Cheap on July 23, 2010
This post is part of a five-part series about tenants leaving a condo and finding and screening the new tenants: How to screen tenants Screening Tenants – Advertising and Showings Screening Tenants – Filling Out Applications Screening Tenants – Credit Check Screening Tenants – Lease Agreement And Repairs I recently had my tenants give me [...]
by Mike Holman on July 20, 2010
Most “tenant from hell” stories involve bad people who don’t pay their rent. This one is a bit different… This article was written by Rachelle: a real estate guru who works as a property manager and helps investors find rental properties in Toronto and surrounding areas. She has recently started a very interesting blog called [...]
by Mike Holman on July 7, 2010
This article was written by Rachelle: a real estate guru who works as a property manager and helps investors find rental properties in Toronto and surrounding areas. She has recently started a very interesting blog called Landlord Rescue. You can subscribe to the RSS feed here. Read Rachelle’s last story – The Stripper With Dirty [...]
by Mr. Cheap on July 6, 2010
I always hear from people that their primary residence has been their “best investment”. Usually this is accompanied by something along the lines of “it’s worth *8* times what I paid for it!” and a satisfied smirk. As with many things, I suspect that people with this view are selectively interpreting the data to support [...]
by Mike Holman on June 9, 2010
This article was written by Rachelle: a real estate guru who works as a property manager and helps investors find rental properties in Toronto and surrounding areas. She has recently started a very interesting blog called Landlord Rescue. You can subscribe to the RSS feed here. I asked Rachelle to write a “tenant from hell” [...]
by Mr. Cheap on May 14, 2010
In a recent real estate post, frequent commenter Ryan Martin made a suggestion, in reaction to a statement at the end of my post: Mr. Cheap: ”I’d certainly be willing to sell if the right opportunity presented itself, but I’m not in any rush either” Ryan Martin: ”Mr. Cheap, judging by your last paragraph, it [...]
by Mr. Cheap on May 5, 2010
by Mr. Cheap on April 23, 2010
When I did my condo purchase series I promised to provide an update after I did my tax return and never got around to it. Better late than never, I’ve completed my 2009 taxes and can provide a summary. The way most investors (incorrectly) calculate their return is to take the rental income and subtract [...]
by Mr. Cheap on April 16, 2010
I’m often amazed at fundamental misunderstandings landlords and tenants have about the laws governing tenancy in Ontario. I’m not a lawyer, but to the best of my knowledge the information in this post is correct (and if any commentators correct me, I’ll make corrections in the post). This post shouldn’t be taken as the complete [...]
by Mr. Cheap on March 16, 2010
Some time ago Mike and his wife exchanged comments about having tenants pay off your mortgage. My mother takes the same position as Mrs. Pillars does: tenants paying off your mortgage is a good thing. With respect to both frighteningly intelligent women, I’m suspicious this is a poor way to think about the investment. Say [...]
by Mike Holman on March 1, 2010
This guest post was written by Investing Thesis: Credits Toward Financial Freedom – a personal finance and investing site from a Canadian perspective. If you like this article, I would encourage you to subscribe to our articles With the number of homes now in foreclosure many people, home buyers and investors alike are jumping to [...]
by Mike Holman on February 17, 2010
Mr. Cheap & I have published a rather large number of posts where we point out that SOMETIMES real estate agents are not your friend, associate or even on your side and they definitely can’t ALWAYS be trusted. Heck, sometimes people DO use a friend as a real estate agent and SOME agents must be [...]