All Forum Posts by: Daniel Rosa

The intention is not to "throw it out" lol. This situations in more of frugality then necessity on the students end. Regardless, there are still other students in the house who work and study full time. The intention of this post is to get advice on how to deal with the tenants in general as this situation will leave someone unhappy regardless of the outcome.

Some tenants have expressed their concerns. Mostly around a potential for crying and that not allowing them to sleep.

I would imagine but I am not sure.

six bedroom house that is rented exclusively to students. One of the tenants turned out to be pregnant but did not disclose her pregnancy when the lease was signed.

how do you deal with the other tenants complaints/concern over having a newborn as a house mate?

@ georgew "You can do N12 for personal use but you need to not rent it for 12 months. An option if it’s EXTENSIVE renovations" 

Would your "12 month no renting to someone else" include the period you are renovating?

For example, Joe gets an N12 for personal use, it takes 10 months to renovate the place starting the day Joe leaves.  In the mean time the new buyer has moved into the house during the reno's and only needs to live there for 2 more months before he is legally allowed to rent to someone else.'

Thanks for that response its exactly what I was looking for. I have not bought any properties with existing tenants yet but have seen lots of opportunities to, definitely something to keep in mind

Is there a way to transfer a parent's home to their child/children without paying taxes? property in question is in hamilton

How realistic is it to evict an existing tenant if you buy a property that you intend to renovate? (Hamilton to St.catharines area)

I have heard that eviction responsible if major repairs are planned.

my last project:

bought in hamilton for 190k, reno cost was 30k, refined was 330k which means i was able to mortgage upto 260ish. Got back my downpayment, all reno costs, all my lega fees and takes and still put 40k in my pocket, had a tenant lined up before the reno was done and still making a couple hundred positive cash flow. this slam dunk deal happened for to many reasons to list but the musts are having an agent and mortgage broker THAT ARE REAL ESTATE INVESTORS THEMSELVES.  I meet agents allthe time that continually show me listings that could never be viable investments.  if you are trying to break into brrrr'ing I would also recommend that you find a mentor/coach or do a joint venture with an experienced investorto learn the ropes.

Hey all, Does anyone know a good PM in St Catharines ON? I am aiming to step away from managing the property itself so that I can focus on acquiring more properties and expand my network. Thanks to everyone in advance for your help!