As a friend of mine said, “If the problem can be solved with money, it is not a problem, it is an expense.” However, if the expenses and costs exceed the revenues from lease of the property you rent out, this may already be a problem. When you buy an […]
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It is not a secret that renting out a residential property is a business. Business makes money when revenues exceed costs. Today many of the real-estate investors maximize revenues by turning a single family houses into Lodging Houses (Rooming Houses). In this case, a house is being rented to several […]
The accumulation of wealth by aging middle class population coupled with the volatility of the stock markets made a large number of people turn to real-estate investing as a mean of protecting and growing their savings as well as securing passive income. A large number of the new condos and […]
Yesterday I attended the Landlord and Tenant Board to represent a client in a hearing. While I was waiting for my application to be called, another case was heard. An unrepresented landlord brought an application to terminate the tenancy for substantial interference with reasonable enjoyment and the application to terminate […]
“If you don’t mind, I’ll remove you from my friends’ list because I don’t know who you are,” wrote the real estate agent who started our friendship ten years ago, sending me an invitation after I attended one of his open houses. I then politely accepted it, and since then, […]