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7 June 2024 | 7 replies
How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount?
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6 June 2024 | 19 replies
@Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: The value of a deduction depends on (a) whether you're actually able to use it to reduce taxable income and (b) your marginal tax rate.As an STR, assuming the average rental period is 7 days or less, key items to consider are: (a) material participation and (b) avoidance of "excessive" personal use.
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6 June 2024 | 5 replies
Lower demand and excess of investment properties.
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5 June 2024 | 29 replies
I have not looked at Kelowna prices in a long while but its hard for me to gauge it since I bought in 2000 and sold in 2002 and made a fat profit at that time.. a lot of it was the currency Delta at the time as well.. buying in US dollars Canadian real estate..
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5 June 2024 | 6 replies
I would guess in the near future you'll start to see meters that automatically shut-off after excessive use.
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5 June 2024 | 4 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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4 June 2024 | 24 replies
Any voids, ridges, or gaps under the LVP will lead to excess movement and splitting at the tongue/groove or click-lock joints.
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4 June 2024 | 5 replies
The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.
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4 June 2024 | 4 replies
The larger brokerages are usually too prohibitive and costly, lots of oversight and charging a lot of excess fees in addition to hefty commission split.