All Forum Posts by: Brett Robinson

Yep all my 8 properties are in Medicine Hat.

I have a package of 3-4 properties I’d possibly sell in Medicine Hat alberta. All 2 unit properties around the 300-350K mark.

Well you say it will be a full month vacancy for turn over. That doesn't have to be true. I give my tenants 3 month warnings on rent increases (as required under our laws). If they decide to move then I have 3 months to find a new tenant that moves in the day or two after the prior tenant leaves (depending if maintenance is needed etc). I'm sure this is common for many landlords. I rarely have any vacancies and if I do it's usually because I am needing to do some work in the unit. @Waleep Alvi

I have no experience in this matter but I really dont think this is necessary. If it's a good deal don't over think it because the selling is having mental health issues. She's the paranoid one not you right. ;) 

Okay thank you guys for the reply. Just to clarify they are “short term rentals” but not Airbnb or any site that has reviews or that sort of thing. 

Hello BP community.

I have 3 rental properties in the same boat. They all have older A/C units. I would estimate over 15 years old. I am paying utilities on all my properties because I generally do short term rentals.

My question is do you suggest waiting till they die completely, getting them serviced and "touched up" by a company or to actually start replacing them one at a time (or all three if I get a deal)

Thanks for any input!

Welcome Kevin, 

Let me know if you need any help. Id love to connect with people in Alberta with interest in RE. I own 5 houses that total 9 units. I am really enjoying it. Getting closer to being able to leave my operating job up north.

Hey guys I'm in the same boat. Been in the oil/gas industry for 8 years and looking to get out as soon as I can. I have 5 houses that total 9 units. They are all going really great but still not able to leave my operating job up north. Looking to expand and scale up fast as I can.

Let me know if you guys are meeting up and if im in the city by chance ill come by. I live in Medicine Hat and thats where 4 of the 5 properties are. 

Send me PM if you wanna talk or learn off each other! I'm always looking to meet people who enjoy talking real estate!

Yea really utilities are the biggest expense and obvious place to start. Thanks for your suggestions! 

Are these all things to change right away or do I generally wait for them to fail and then replace with the better more efficient options?

Really my only other expenses are insurance, taxes and mortgages.

Hey BP Community.

I have been in the RE game for around 5 years and it's going really well.
I own 5 properties that equal 9 units now that I rent out furnished and usually shorter term (1-4 months).

I manage the places myself and charge pretty high rents since its shorter term and furnished.

I pay for all utilities, and wifi etc. 
I am looking for ways to maximize my cashflow by reducing my expenses.

Curious for suggestions that make a difference!  Thank you for your time and suggestions :)