Category Archives: Landlord and Tenant Concerns

Real Estate an appealing alternative to volatile stock market

This property will rent for about $850 per month plus utilities.
Your Mortgage payments would be less than $450 month. (Freehold Townhome).
You Do the Math.
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In today’s times of economic uncertainty, roller-coaster TSX performance, and rock-bottom interest rates, many Canadians are turning to real estate as an investment alternative.  Not surprising, when you consider that historically, real estate has proven to be a sound long-term investment.  However, bear in mind that the operative phrase here is long-term.  Real estate builds value over time.  It’s not an investment to be flipped in and out of from week to week, as you might in the stock market.  Once you understand that, you’ll see that real estate can be a very a good investment for many different reasons.

 As residents of one of the most heavily taxed nations on the planet, Canadians – particularly those who live in even more highly taxed Ontario — have few opportunities to grow their personal wealth without the increase being subject to Income or Capital Gains Taxes. The appreciation of the value on a principal residence is one of the very few avenues still available to Canadian consumers that is typically not subject to tax.  Stock portfolios would be hard-pressed to generate a net return that could match the tax-free growth in home equity.

 Let’s not forget that real estate also offers the opportunity to generate income – and it’s flexible since you can do that in a number of ways and over a time frame that suits you.  Homeowners have the option to rent all or part of a property for a certain length of time to help pay off their mortgage. There are very few investment options that can help pay for themselves!

 Finally, there are the additional benefits that it’s hard to put a price tag on.  With real estate you get to enjoy the freedom and pride of ownership that comes with living in your own home.  That’s something you’d never say about stocks, bonds or mutual funds.  Give me a call to find out how to make an investment that you and your family can live in and enjoy for many years to come or rent out for added income potential.  

Fire Prevention Week- October 5-11, 2014

12727260-smoke-detector-attached-to-the-ceiling-3d-renderTime to Test or Replace Smoke Detectors  Major retailers are having their sales on ire Safety Items Now!

Remember-  Working Smoke Alarms Save Lives26711378-home-insurance-concept-with-a-generic-house-drawing-on-a-burning-paper-note-with-a-thumbtack-pin

How Old are Your Smoke Alarms?

New Listing 433 RITSON RD N, Oshawa, Ontario

433 Ritson misc 032Give Your Lifestyle A Boost! This 2 Bedroom, 1 Bath Home Is The Place To Start Your Family. Gracious Dining Room Overlooking Back Yard, Rich Hardwood Flooring, And Nice Sized Master Suite. Delightful, Charming, Well Maintained. Spend Less Time Commuting. Close To Transit, New Costco Plaza And More. Appliances Included. **** EXTRAS **** 200 Amp Breaker Service, 60 Amp Garage. Garage Is 12′ X 24′ W/10 Ft Ceiling. Shingles Replaced In 21012 On House & Garage. Front Window Awnings (Adjustable). Inground Sprinkler System Too.

Click Here For Full Listing: 433 Ritson N, Oshawa, ON

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Just Reduced – 4 Ward Street, Port Hope

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This Circa 1880 Ontario Cottage Is Completely New Inside And Out. This Roomy 3 Bedroom Home With Large Bath Features A Roomy Eat-In Kitchen, A Large Patio For Your Famous Barbecues, & Main Floor Laundry. Home Is Located Within Walking Distance To Historic Downtown Port Hope And Is An Easy Commute To 401. A Lane Way At The Back Of Property With Single Detached Garage. Huge Back Yard And Parking For 4 Cars. **** EXTRAS **** Ceilings Over 9′ And Extra Tall Windows. New Wiring, Plumbing,Shingles, Kitchen, Drywall, Insulation, Electrical Panel, Furnace, Flooring, Bathroom, Soffit’s, Facia & Eaves, Vinyl Siding. Home Rebuilt From Original Studding

4 Ward Street, Port Hope Just Reduced

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Looking for Investment – 152 Olive Ave, Oshawa

Price Just Reduced to $135,900

oLIVE frONT

Freehold Town Home Built In 2009. Survey On File. Fully Tenanted & Must Be Assumed. Unit Must Be Sold Together With 152.5 Olive And 150.5 Olive. Seller Pays Water & Water Is Approx. $142/Month For 3 Town Homes. Tenants Pay $850 Per Month Plus Hydro And Gas. Absolutely No Showings Without Accepted Offer. No Sign On Property. Legal Off Street Parking.

www.realtor.ca/propertyDetails.aspx?PropertyId=14830810

Looking For Investment – 150.5 Olive Ave, Oshawa, ON

Freehold Townhome Built In 2009. Survey On File. Fully Tenanted & Must Be Assumed. Unit Must Be Sold Together With 152 Olive And 152.5 Olive. Seller Pays Water & Water Is Approx. $142/Month For 3 Town Homes. Tenants Pay $850 Per Month Plus Hydro And Gas. Absolutely No Showings Without Accepted Offer. No Sign On Property. Legal Off Street Parking

Price Reduced to $135,900 – 150.5 Olive Ave, Oshawa

Looking for Investment Freehold Townhouse – 152.5 Olive Avenue, Oshawa

Just Reduced to $135,900

oLIVE frONT

Freehold Town Home Built In 2009. Survey On File. Fully Tenanted & Must Be Assumed. Unit Must Be Sold Together With 152 Olive And 150.5 Olive. Seller Pays Water & Water Is Approx. $142/Mth For 3 Town Homes. Tenants Pay $850 Per Month Plus Hydro And Gas. Absolutely No Showings Without Accepted Offer. No Sign On Property. Legal Off Street Parking.

Price Reduced 152.5 Olive Ave, Oshawa, ON

Understand the consequences before you sue

I received this today from Mark Weisler. I thought I would pass it on.

A wise philosopher once said: “I went bankrupt twice in my life; the first time when I lost a lawsuit, the second time when I won.”

I couldn’t have said it better. In most cases, the only winners in lawsuits are the lawyers, who get paid, no matter whether they win or lose. Here are 5 things to consider before you ever think of suing anyone.

1. Lawsuits take a lot of time.

Even if you sue in Small Claims Court, it will typically take 1-2 years before your matter is heard. There will be a lot of time spent on preparing and filing documents, attending settlement hearings and finally the trial. How do you feel before going to traffic court to fight a speeding ticket? Stressed out? Multiply that by 100 when it comes to how you will feel throughout any court proceeding.

2. Even if you win, you may not collect anything

Even if you win your lawsuit, there is no guarantee that you will collect anything, especially if the person you are suing ends up having no money. In the meantime, you still have to pay the lawyer or paralegal who was working for you. Before suing anyone, make sure they have a job so that you can at least try to go after part of their wages if you are successful in court.

3. It is not easy to sue lawyers or real estate agents

Many unhappy buyers and sellers contact me for advice about suing their real estate agent or lawyer as a result of a bad experience buying or selling real estate. You must remember that real estate agents and lawyers are both protected by errors and omissions insurance policies. What this means is that if you sue them, their legal costs will be paid by the insurance company. In the meantime, you have to pay a lawyer right away to get started with your lawsuit. I have seen many litigation lawyers ask for a minimum of $5-10,000, up front, just to get started on a lawsuit.

4. Beware of social media

I have written about many real estate related court decisions over the years, primarily to educate buyers, sellers and investors as to how to be properly prepared so that they do not make the same mistakes themselves. However, when you write about a case, you also mention the people who are involved. I have received many complaints from people who have either lost or even won a lawsuit, because of the negative feedback they have received as a result of their case being mentioned on the internet. For example, a distinguished professor wrote to me that although they had achieved many awards in their career, the first thing anyone now sees when they google the professor’s name is the negative portrayal in my article. In another case, the winner of a case started receiving hate mail from readers, who thought they acted unethically even though they actually won their case.

Remember, once you sue and there is a decision, it can be made public for the whole world to see via the internet.

5. The worst settlement is better than the best lawsuit
In my opinion, if you have the opportunity to settle any lawsuit, take it. The settlement will typically remain confidential, so no one will learn about the case and most important, you will be able to put the matter behind you. There is no such thing as a bad settlement.

Think twice before suing anyone. It is usually not worth it.