All Forum Posts by: Dylan Earl

 I'm not involved directly however we use a guy that operates these types of properties for storage sometimes. I'd imagine you could expect high insurance with higher liability especially if there is a fire or flood or theft. Biggest thing would be access, parking and security/access (ie. digital vs manual key & locks) need to have the system managed/organized at least to some sort of degree! 

I purchased my first house last year, operating as an investment property on the main floor while my Wife and I live in the basement (currently 90% done renovations). I recently purchased land in Northern Ontario for a future development... as for my next "investment" property (not being my principle residence) I am just afraid my credit is going to go downhill and I should give it time to build back up. Not to mention since I already have two other properties, obtaining financing for a 3rd is a little tough so I have to get creative... hard to do when my network/other potential investors I'd partner with are close to my age/don't have the capital to join in... 

 Interesting! 

I was born in Hamilton, grew up in Caledonia (Haldimand Norfolk). I'd be interested to learn more about the revitalization money. Is it in the form of TIFFs/ Facades incentives? I'd be interested in Hamilton for sure, especially near Bayfront Park. I'd also be interested in the west harbour block/neighbourhood where GO Train station is/is going!

@Dominic Battaglia My vote... Multiplex in Windsor ;) 

Best of luck with the crunching!

Hey Leo - I'd be happy to help out on this. I operate a short term rental in Niagara on the Lake as well as Fort Erie, I have wonderful helpers... so if she is looking for quarterly/seasonal PM's we could definitely discuss. 

Right on @Terry Nguyen sounds like a good breakdown! Which part of hamilton did you target? Student area near McMaster or did you go up on the escarpment? Curious to learn more about your positioning and tenant market (especially with property management & maintenance)

Hi @Setu Potnis, lots to learn that's for sure! I'm out of Niagara - I own an investment property and will be doing a development on waterfront in Northern Bruce Peninsula this Spring. Happy to answer any questions that you may have!

I work for a real estate agent as a Property Manager. He grew up and lived in the Niagara region, knows pretty much everyone and everything. He loves developments and big projects - we get to work on some pretty cool stuff. He always takes on home sales when he can help out - if you want more information shoot me a message!

Hey Kevin, where abouts are you looking at buying? Muskoka, Toronto or London? (They are all very different haha). 
I'm messaging out of Niagara so curious to find out! I just recently purchased a piece of waterfront in Tobermory (Northern Bruce Peninsula) and it is a very hot tourist area there. Let me know if you want to chat more!

You need to issue them an N13 (see Landlord Ontario Forms here: http://www.sjto.gov.on.ca/ltb/...)

You have to provide them 120 days notice, give them the right to move back In after Renos, give them 3 months worth rent buy-out.

HOWEVER! I strongly recommend you approach with an N11 and don't discuss the N13 (unless they bring it up). Try and work out a mutual deal between yourselves with the N11 (which is just a mutual agreement to end tenancy). The reprimands associated with an N13 can be devastating if you have tenants that are sticklers or persistent. 

Best of luck!!
Dylan Earl
Property Manager