It is better to have a vacant property than a bad tenant
- find a way to see the last place the tenant lived, if they lived too far away to drive there use your network to send someone they know in that area to check.
- use your network both real and virtual created in SECTION 3 - The Power of Networking even other tenants in the same building or in some of your other properties let them know you are searching , offer a monetary incentive for a tenant who lives one year trouble free in your property be very specific what trouble free means Your lawyer or your Realtor contact will be able to help you with this
Obtain tenant estoppel agreements an agreement which prevents the signee from making verbal claims at a later date The estoppel agreement for
Networking is the single most important link in your portfolio of information needed to create wealth by owning properties.
SECTION 1 The Basics we touched on the concept that wealth creation through property accumulation is to be treated like a business, a business of investing in properties. In business it is all about networking, making alliances, using the grapevine, letting everyone you know, that you are looking and what you are looking for.
Insider information is not found in an empty room it is found through affiliations ,alliances, connections and real world networking.
Get to know which neighbourhoods are undergoing revival See http://www.ryandutka.com/communities.php or go to the City of Edmonton Website
BANKS Here is where the network you created in SECTION 3 The Power of Networking comes in handy. Your Realtor will have good contacts with mortgage brokers. Have yourself pre approved so you can make a quick decision. Know what your expenses will be see SECTION 5 Before an Offer is Made
SELLER CARRY BACK MORTGAGE This is where the seller is the one lending you the money. You both need good lawyers to draw up the papers so you are both protected. Do not skimp on legal fees by sharing the same lawyer. Find a good lawyer you can trust who will keep you out of trouble.
Why would a seller provide a seller carry back mortgage it keeps their money in a known investment their home there could be a tax advantage to selling it in bits and pieces over time or the market
Make it a fun outing and pick a route which has a purpose — to school, work, shopping, transit, recreation, your favourite hangout. Carry a camera and record things which speed or impede your progress.
Make notes along the way. Afterwards, summarise your findings and prioritise the improvements you would recommend.
- was the route convenient to my destination ?
- was the route wide enough
- do busy and fast streets have bike lanes or paved shoulders
- Would you recommend adding those at any spots along the way?
- Is the roadway surface in good repair and cleared of debris, snow, sand?
- Is secure bicycle parking available at my destination?
- Is there a place to clean up and change clothes at work or school?
Bicycles are the most energy efficient means of transportation. A pedestrian uses two and a half times more energy to go as far, while cars use 50 times as much.
14% of Edmontonians already reporting more bike usage because of the bike lanes which have been installed in their neighbourhoods and to nearby destination points. Cycling is a great way to travel more sustainably and also a perfect opportunity to stay active and adopt a healthy living lifestyle.
Edmonton cyclists can extend that reach by taking bikes on the LRT and certain bus routes.
Bikes ride free! Outside of the peak hours Monday to Friday: 7:30am to 9am - no bicycles 4pm to 5:30pm - no bicycles cyclists can travel with their bicycles in any direction on the LRT. There are no hourly
