Justin H.
Bought Student Rental #2 near Toronto, Canada
4 March 2016 | 17 replies
@Justin HerringtonWhile Thorold does not give a maximum occupancy per dwelling unit in a direct manner, it appears to define any building providing lodging to more than four (4) occupants as a boarding house:“boarding house” means a building in which lodging is provided for more than four (4) persons in return for remuneration or for the provision of services or for both and in which the lodging rooms do not have both bathrooms and kitchen facilities for the exclusive use of the individual occupant;In turn, they restrict a rooming house or lodging house (but never marry definitions to that of the boarding house) as follows:Where a dwelling unit contains rooms intended to be used in conjunction with a rooming house or lodging house, the occupants may share a single bathroom provided that: (1) not more than nine (9) persons occupy the dwelling unit; (2) for each additional nine (9) persons or part thereof, there shall be an additional toilet, handwash basin, bathtub or shower; and (3) access to the bathroom can be gained without passing through: (a) a habitable room of another dwelling unit; or (b) an open area, which is not normally heated during the period of the year which heat is required by article 2.22.3 of this by-law.So, it appears to come down to whether boarding houses are permitted where you property is located (and whether they need to be specifically licensed), unless your building would be seen as a non-conforming duplex.This is the question, I believe Thomas was asking.
James Wilcox
When is an offer not worth submitting?
17 June 2015 | 8 replies
I will meet with them if need be, but I feel this deal maybe one that the sellers will not accept at first.
Matt Cramer
Another post on how much Detroit sucks?
13 July 2015 | 56 replies
I can generally command 150 - 200 dollars premium in rental rates because of the condition of my properties... my tenants refer their friends, co workers and family to me when they are looking for a rental.Is that acceptable?
Mike Flora
Probate and title
19 June 2015 | 11 replies
No knowledgeable investor would accept the property on a (Personal Representative) transfer deed, without title insurance.
Erica Nagle
Don't trust our agent, what can we do?
23 June 2015 | 31 replies
They accepted your client’s offer based on the attractive offer of a waived home inspection and waived financing contingency.
Scot Howat
1st time flip in chicago (chicagoland) was a flop
26 August 2015 | 26 replies
Did you close or just accepted an offer?
Steven Zagaris
Probate Short Sale possible?
16 June 2015 | 0 replies
The attorney (trustee) and an accountant on the seller's (my side) have fees to cover however this home is a short sale and I've never heard of a lender accepting the fees of a trustee and accountant as part of the short sale approval.
Roy Mitle
buying off market property
17 June 2015 | 6 replies
You have to be careful, since some buyer's agreements are written as exclusive, so that any property you find - within the covered time period - would pay a commission to the agent, regardless whether that agent assisted with locating the property.
Saul L.
Square Footage - Net or Gross - Clarification
21 June 2015 | 1 reply
(or vice versa)Perhaps an accepted ratio ?
Mike H.
Thoughs on trying to re-rent next day withouth losing a month
17 June 2015 | 8 replies
It I get an acceptable tenant lined up, I make sure they are OK with an uncertain move in date.