Most tenants are fairly good but when you get a bad one in Ontario they can very easily bankrupt any landlord with the full support and assistance of our government.If you have a choice I would advise not investing at all over selecting Ontario.

Teaches us to be more selective with non essential purchases. 

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I try to be as selective as possible and ensure both myself, my company policies and procedures and the investors all have similar mindsets when it comes to managing their portfolios.

It is only for a very select few in certain area. 

I've worked with several management companies through our projects at Better Coast Capital, and this is a list of the key factors I usually look for when selecting a new one.

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To do it right you need to select an acquisition criteria; use a credible data source for real time, specific assessor data; spend time to research the area & understand pricing; and mail legitimate ACTUAL offers directly to sellers.Sure, there is a lot more that goes into it, but that’s the “big picture” about how we find off market deals and flip for profit.  

QuickBooks will help you setup your chart of accounts when you select your business is real estate related.

If liquidated damages is selected, and it usually is, you will get your earnest money back and that's it.