The advantages and disadvantages of using a property manager to rent your property

One of the biggest advantages of having a property manager is that they not only do all the administration for you: tenant selection, completion of proper documentation, inspections, etc. – but they also do a lot of the accounting. From most of my property managers, I would get a monthly statement that detailed gross income, …

Who should you trust? – Advantages and disadvantages of participating in land trust agreements

If you have done any research regarding real estate lately, chances are you have found the information on land trust agreements. Such a deal is relatively new and is often underestimated. Opting to close a deal by entering into a land trust agreement is a simple and inexpensive way to turn over ownership of the …

Ontario Licensed Real Estate Agents and Maternity Leave

Most Ontario real estate agents work on commission only. These agents generally have independent contractor status, which makes them self-employed. The “employed” rules and regulations in the province of Ontario, for the most part, will not apply to self-employed real estate sellers who choose to take maternity leave. When a real estate agent, real estate …

Foreclosure Classroom – Lien Priorities – Why Is It Important For You To Know?

The priority link can be better explained with an example. In simple terms, when you buy a home through financing, the lender places a lien on the property. It is called a secured loan because the home is the collateral for the loan. If you, as a homeowner, do not make payments, the lender, through …

Investing in Real Estate for Beginners: Apartment Complexes

Here are some real estate investing tips for beginners considering investing in apartment complexes. Many commercial property consultants with an opinion say that apartment complexes with more than 150 units are the properties to buy, not necessarily true. Multi-family units are indeed a solid investment. However, what you really want to invest in is where …