Showing posts with label investment forecasts. Show all posts
Showing posts with label investment forecasts. Show all posts

Thursday, August 09, 2007

Why You Should Keep An Eye On Your Tenants

Photo Courtesy Edmonton Sun







I woke up the other day and, of course first thing, checked my email. My mom sent me this link with the ominous message of

"Do you see why I am terrified of renting?"

I keep suggesting that she rent out her house instead of selling it, the passive cash flow is a great source of supplementary income for retirement.

So I click on the link and read this,

House Left Covered In Crap - Landlord found post-eviction 'nightmare'

What a title! The images it invokes...not pretty.

The landlord rented the upper suite unit to a young woman, with three cats, for two years. He was unable to get references because she had just moved out of her parent's home. After an eviction notice due to unpaid rent, he came to change the locks only to find this:

"A "nightmare" of cat feces, garbage and a small pet cemetery greeted landlord Dennis Hillman when he went to check whether an evicted tenant had vacated his west-end rental suite Sunday."

"So revolting was the mess left in the three-bedroom main-floor suite at 8756 151 St. that the fire department refused to enter when Hillman called them yesterday, out of concern for the firefighters."

"Filth and trash coated the carpets and floors and the bathroom door wouldn't even open due to a mountain of trash."

"Cat litter and piles of cat feces were strewn throughout the suite and a couple of syringes were left in a bedroom."

"Perhaps the most disturbing discovery were several dead pets in cages in a back bedroom."



This kind of mess doesn't happen overnight. It takes care and attention and it would NEVER happen in one of our suites. Our property manager is diligent and we insist that she go through the houses about twice a year to see how the properties are faring.

The landlord said he didn't realize the state of the house because the curtains were always closed. However, the poor lower suite tenant got so used to the horrendous smell that she didn't even notice it anymore.

If you have a great relationship with all of your tenants they will tell you about the funny smells that you may be missing.

The lower tenant may have to move out during cleaning; due to the health risks posed by the parasites found in cat waste that can be passed to humans.

This is the worst scenario for a landlord - an empty rental property with extreme clean up costs and mortgage payments that still must be made.


To Read Full Article Click Here

Thursday, March 22, 2007

Avison Young Real Estate Forecast 2007



Here is the Avison Young 2007 forecast for major cities across Canada.

"Edmonton is a city servicing the second largest and most stable source of oil in the world. As global markets become hungrier for this energy source, the long term prospect for growth in Edmonton could not be stronger. New construction in all real estate sectors is a direct reflection of the confidence investors have in this vibrant market." Dean Wulf

Read More....Download

Friday, January 12, 2007

It's not just for caulking canoes



I came across this informative website about the Alberta Oil Sands - Rigzone There are some excellent graphs and charts focused on the Alberta Oilsands. If you aren't exactly sure what oilsands are this site will certainly clear some things up. The magnitude of the oilsands are incredible and the effect it will and has had on Alberta's economy dynamic. The ripple effect on Real Estate was apparent last year with a 52% increase in property prices across Alberta. Of course Alberta is not only "oil" IT, nanotechnology and other industries are all bringing Alberta's economy to the perfect conditions it now enjoys.