All Forum Posts by: Marc-Andre Bordeleau

I invest in the Gatineau area. 

 I don't foresee it being that big of a problem. 

The Ottawa-Gatineau region is as bilingual as it gets in Canada and I'd say 70% of the population in Gatineau are bilingual or can hold basic conversations in English. In Aylmer and Hull, you're looking at almost a 50-50 split of English speaking residents and French speaking residents. If you move up further North-East towards Gatineau, Masson and Buckingham you're looking at a predominantly French speaking population but still most people can hold conversations in English in the Outaouais region.

 Definitely interested in getting in touch with you. I live in the area and am in the process of closing on my first property and looking to grow into full time investing in the future.

I currently work for a REIT and I've got some property management experience.

 And I'm guessing you transfer your cashflow into the savings monthly? Or do it annually? I'm thinking this is the easiest and simplest way to do it and most likely what I'll be doing as well. Just have to be very diligent with what is going in and what is going out.

Hey guys,

I'm about to close on my first property and the realization is finally starting to kick in. I need to get my stuff together.

So I was wondering, for those who have one or many rental properties, how do you have your bank account(s) set up. 

Do you simply have a checking account for each property? Depositing all rental income into it and having all your expenses being transferred out from said account? Do you pull out the cashflow remaining and transfer it into a separate account? Do you transfer the money you set aside for your repairs and maintenance into an other account?

Just want to know what is common practice with experienced investors and what isn't.

Thanks

Hey guys and gals,

I created this thread in hopes to hear about some of you guys' stories.

I am currently in the process of obtaining a collegiate certificate in property management here in Canada and like most on here, I am dreaming of being able to start my own business. I currently work as a rental agent so I get to work with property managers, tenants and owners on a daily business and I am learning everyday which is really rewarding. 

I have read many threads on here about people wanting to start property management companies and I always enjoy reading posts about investors who started their own PM companies from the ground up and had tremendous success or who had a hard time. It is truly motivating for me as I would like to eventually in a couple of years do the same and I'm currently in the process of gathering as much info as I can and learning the most efficient strategies to manage.

I am looking forward to learning about your experiences! Tips and strategies are most definitely welcome!

Hello from Gatineau, QC. If anyone wants to chat feel free to add me also! Always open to learn and share some experiences.

Hey guys beginner investor here in the Gatineau/Ottawa area looking to learn and connect with investors! When is the next meetup?

Thanks for the link. I also didn't factor in the higher closing costs. I still don't see it as a "bad" deal but it certainly doesn't look as appealing as I thought it was. Thanks Roy.