For nearly 50 years, the Rodewoldt apartments have been an amazing, yet somewhat odd sight for High River residents, what with the five-suite complex being constructed on stilts.
Read more: http://tinyurl.com/pfeulxv
Tag Archives: tenants
City letter says no more info on 3 Gould Place for now
The City of St. Albert won’t be providing any more information to residents or the media when it comes to the concerns about boarders at 3 Gould Place.
Read more: http://tinyurl.com/ld5kpz2
Should one buy new or used appliances for a rental property?
One of the many factors when renting out a property is the condition of the appliances. Washers, dryers and stoves are certainly a cost to take into account as a landlord as well it can be a selling feature to a tenant. The question then becomes should one go for new or used?
If you choose to buy used appliances, the cost savings are immediate as they are cheaper than brand new. Keeping costs down is a business move that cannot be ignored. The downside to used appliances is that they can break sooner than new and then your costs could go up as you will be forced into a buying situation you had not planned for.
New appliances have an extra cost compared to used ones but I believe they are well worth it because they will break down less and they can be a great selling feature to a prospective tenant. The tenant will have to deal with less hassle with (broken washers and dryers for example) and make their lives easier. Keeping an equity building tenant is key to making money in real estate and going cheap on appliances could cost you someone very valuable to your business.
Also, a real estate purchase is usually hundreds of thousands of dollars and the last thing you want as an owner is to go cheap on several hundred dollars of appliances.
McMurray renting prices highest in nation
Fort McMurray rents are highest in the country and rising.
The Canada Mortgage and Housing Corporation’s spring Rental Market Survey shows average rent in the Wood Buffalo area in April 2013 has increased 6.8% to $2,229 per month for a two-bedroom apartment, the highest of any metropolitan or large census areas. With no new rental starts in the last year and increasing growth in employment, that number is not expected to drop any time soon.
Read more: http://tinyurl.com/q3esdtv
Renting can be lucrative, but are you ready for tenants from hell?
Even years after her first tenants moved out, Donna Grimshaw still remembers the damage the they did to her townhouse.
She rhymes it off like a shopping list, starting with bedroom carpets that were destroyed, water damage from an overflowed toilet, and a junk car that spilled oil down the driveway.
Read more: http://tinyurl.com/cv2e74p
Landlord Accused of Endangering Tenants
A Queens landlord who authorities said had packed nearly 50 people in illegally converted apartments, some in garages and cellars, was charged with reckless endangerment and other crimes on Wednesday, reflecting a growing concern about the kind of overcrowded housing that has been cited in several fatal fires in recent years.
Read more: http://tinyurl.com/d3et7xl
City office space plentiful, commercial not
It’s a tenant’s market if you’re on the hunt for office space; not so much if you’re looking for commercial premises.
These appear to be the findings of a vacancy rate study completed recently by Soderquist Appraisals Ltd. The Red Deer company has calculated that the local commercial vacancy rate is 4.08 per cent, while the figure for office space is 12.04 per cent. Both percentages are based on total area available in each category.
Read more: http://tinyurl.com/bungyv7
Do not rush to find a tenant!
Purchasing a rental property is a significant investment in both time and money. Every step is critical to success from finding the right financing to a great team of realtors, property inspectors and other specialists. After all this work, it is critical not to rush and find any tenant for your property. You may have luck on your side but it is entirely possible that you encounter the ‘tenant from hell’. It is very important to have your property empty and wait until your perfect customer comes along rather than rush to fill it because of your ongoing expenses which include the property taxes, insurance and mortgage. Here is a link as to some background checking every owner should do on a prospective tenant.
Read more: http://tinyurl.com/bs952gw
As for the tenant from hell scenario, please do not believe it cannot happen to you because it can and will if you are involved with investment real estate long enough.
For a frightening but what I believe to be true examples of some extreme tenants damaging property, please visit this link:
http://www.spike.com/shows/worlds-worst-tenants.
Please note that there are numerous tenants out there who are very cooperative and helpful in helping create a win win scenario. However, bad tenants often drive away the good ones who help you build equity as an investor.
Mayor Nenshi on Calgary’s rental market
We talk to Calgary mayor Naheed Nenshi about Calgary’s red-hot rental market – and ways the city can make life easier for local renters.
Read more: http://tinyurl.com/agqjavb
Executive Place nearly filled
The upper floors of a prominent Red Deer office building are filling.
But an official with the leasing agent for Executive Place says the main floor, which is earmarked for retail tenants, remains open.
Read more: http://tinyurl.com/ab9xxm7