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What do Rental Furnaces and Bad Tenants Have in Common?
I was chatting with a Realtor friend in Arizona when hot-water heater rentals came up. I mentioned that a recent Seller couldn’t even figure out what they were paying each month. My friend stared at me like I’d just said Canadians lease their snow. “People rent water tanks in Canada?” Apparently in Arizona, that’s not…
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Can Real Estate Pay for a Retirement Community?
I was humming a song recently and I was surprised such an old tune would be floating around in my head. Here are a few of the lyrics: Come and listen to my story about a man named JedA poor mountaineer, barely kept his family fed,And then one day he was shootin’ at some food,And…
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Let’s Plan to Retire in Luxury
I have a great idea. I think you should buy a rental property in 2025. This blog post may help you retire much more comfortably than if you had not read it. I bought my first rental property when I was 24. It was a 3-bedroom condo at Mclaughlin Square, and it came with a…
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A 5-Year View of Real Estate in Durham Region
A few years ago I remember a conversation I had with an investor. The couple were considering purchasing a rental property and our chat centered around what type of property would offer the best return over a 5 year plan. We looked at detached and semi-detached homes, condo townhomes and freehold townhomes. I created a…
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Parents Helping Kids Buy Homes Today
With a career spanning almost 4 decades I have worked with clients as young as 18 and as old as 98. One thing I have experienced, is when a homeowner is in the 65+ range, they start to look at where they will direct their assets. These can be their personal residence, rental properties or…
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Should you Consider a Power of Sale Property?
Looking back at the history of Real Estate in Ontario, I remember a time when there were more homes being sold under power of sale than by happy homeowners. We had a boom in the late 1980’s that ended in 1989. From 1990 – 1991 the market values dropped about 30% which caused homes to…
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How to Hire… Anyone
Recently I was in need of a local company to install some eavestroughing at my home and started my search by asking a few friends who they may know that I could trust. Before we go any further, trust is a big word when hiring anyone… a plumber, electrician, contractor, financial advisor or heck even…
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Real Estate Hacks- Increasing value by $50,000
Is it possible to increase your home value by up to $50,000 by investing as little as $5,000? Let’s take a look and see if it is possible. I have narrowed down a few items that Buyers will pay for when they are looking at resale homes, but first how about we tour a model…
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What Upgrades Pay off?
I met with 2 groups last week, one a potential Seller and the other a Buyer I had been working with. After meeting with them, I reflected on how different the two experiences were when it came to valuing Real Estate. The first was a Buyer who I had been working with for the past…
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How Can I Make $4,500 from a $1,000 Investment?
When I started my career in the 1980s, one of the central themes for Buyers was to work toward paying the mortgage off. I remember mortgage document “burning parties” where a group of friends would get together and celebrate a mortgage being paid off and getting calls from a homeowner who shared that they had…
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