Edmonton Revenue Property Investors Association Monthly Newsletter for an online version please click here

Edmonton: the Oil Capital of Canada
Feb 14. 2006,  ISSUE #202

 

Top cities in Alberta
1 Edmonton
2 Calgary
3 Fort McMurray

4   Grande Prarie

Suggest a guest speaker for our next meeting
Help us to provide excellent information at our monthly meetings by suggesting a guest speaker. Please include phone numbers and addresses.
 Real Estate Forum
NEW Discuss Real Estate issues with other local Real Estate Investors. Post your questions and help other investors!
 Real Estate Blog
Your presidents personal web log...lets hear your comments!
Approved Edmonton Contractors and Services
Lets help each other by submitting our good contractors and service companies so we know who to use when we have a need!
Real Estate Websites
Some of the webs best real estate websites.
Creative Real Estate
Real Estate Investing Information at
the #1 Real Estate Investment Site.
Real Estate ABC
Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers.
Alberta Government Services
Security Deposit Interest Rates for Alberta. Landlord and Tenant Advisory Boards. Residential Tenancies Act and Regulations.
Canadian Real Estate Directory
Find Canadian Real Estate sites here!
Real Estate Investment Portal
Politically Incorrect "Kick Butt-Take Names" real estate investing website
ComFree For Sale By Owner
The ads with the most page views have been on the site the longest and the vendors are starting to get motivated!
Canada's Criminal Code
Politicians apparently don't read this. The next time you get ripped off tell the cop what section he should be enforcing!
Edmonton Apartment Association
The name says it all!!
Edmonton Investors News Groups
Read and post investor info.
Edmonton Real Estate Board
This is where Edmonton's Realtors get there licenses and more! Good site for sales data.
Results Quick
Richard Roop's Real Estate site.
 
 
 
 
 
 

Welcome to the Edmonton Revenue Property Investors Monthly Newsletter message from your President


It's time again and the monthly association meeting of our group has arrived. For those of you new to this e-mailing here are the particulars.

            Once a month on the second Tuesday of each month a like-minded group of real estate investors meet on the second floor at Rosie’s Restaurant. Located at the corner of 105 St. and 80 Ave.  Arrivals at 6:30 and the meeting starts at 7:00 pm. You are cordially being invited to attend. Attendees are required to pay $5 at the door. There is no annual membership charge yet. All attendees and visitors are asked to buy $5 worth of food to support the use of Rosie’s Restaurant 2nd floor meeting room, and please generously tip your server, this helps to support our free use of the meeting room. Please bring a few of your used real estate or self help books that you no longer require to donate to our library or door prizes.  If you park to the east of Rosie’s in the strip mall parking lot, please pick up a free parking pass from the bar to put on your windshield. 

            Each meeting is different as we may bring in special guest speakers for each meeting. Each speaker is uniquely qualified in his or her own specific field of expertise. Even a seasoned investor will be pleasantly surprised with the knowledge gained from attending our meetings. We encourage all attendees to participate at the meetings by asking our speakers your pertinent questions. We need and appreciate your input at all meetings. Like-minded investors can and do learn and help each other to achieve success.

               We really do look forward to seeing you and please bring a friend to our next meeting. If you have a friend that you feel would like to be put on our e-mail list send their e-mail to me.

                Our Guest Presenter this month will be Wayne Moen from River City Remax who will be coming to speak to us about the rise of Mortgage Fraud in Alberta .  

 

                  Wayne has been licensed as a Realtor since 1974 and an Agency Owner since 1980. A few of Wayne’s achievement awards include a Life Member of the Edmonton Real Estate Board, he is a multiple Million Dollar Producer, a multiple 100% Club recipient, and belongs to the Re/Max Hall of Fame.

 

                  Wayne is also a Past President of the Alberta Real Estate Association, Past President of the Edmonton Real Estate Board, and has served on the Alberta Advisory Committee on Mortgage Fraud.

 

                  Wayne specializes in the sale of character homes in the University, Mill Creek and Highlands areas. He also does commercial leasing and sales, working with small and large investors.

 

                   With Alberta’s hot housing market and mortgage fraud at all time highs, now is a good time to prepare yourself to recognize mortgage fraud and to learn how to protect yourself and your clients. Don’t miss this engaging speaker and important topic.

           We will also be talking about the real estate market, landlording, present housing prices and trends for Edmonton real estate, and many more topics. If you have any real estate for rent or for sale please make up some hand outs to give to any attendees and be prepared to stand up and tell us about your handouts. Please network and socialize with the other members and guests before and after the meeting. If you want to list your for rent or for sale real estate online please visit  Rentex Homes  and  Buy Sell Rent Ads ...register and post your properties. Presently small investors may place free photo ads on these sites as long as they do not conflict with my property ads.  Please visit our approved contractors site  Bookmark this list as it is not easy to navigate to it from our home page. If you know good contractors email me and I will add them to the site.  I am still looking for good south side apartment and commercial buildings, if you hear of any please contact me ASAP!!

If you have any questions at all please e-mail me at admin@rentexhomes.com or call me at 780-433-1481 regarding any of the above.
See you all at the next meeting,

    Your cordial President, Les Michaelson

About the Author: Les Michaelson has been an Edmonton Real investor since 1978. His interests are in the operation, acquiring, managing and selling of revenue properties of all types. 


Remember...your greatest asset is your tenant!


This months Real Estate News Articles And Links

Fast track to cash flow's next event

2006 Assessment Review Board (City of Edmonton)
The deadline for filing Complaints against your assessment or tax notice is coming up this month for Income Properties. You must file by 4:30 p.m. on or before the given deadline.
Find out more details about how to file a complaint and the review process.

House prices to rise 8% - real estate board
Edmonton Sun - Canada
The price of a typical Edmonton home will rise by 8% during 2006, the Edmonton Real Estate Board forecast yesterday. Board president ...

Mortgage fraud is sweeping across Canada
Macleans - Toronto,ON,Canada
... that they artificially skewed the price of property in Edmonton," says Det. ... A hot real estate market provides fertile ground and the depersonalized process of ...

Housing prices attracting younger investors
Business Edge - Alberta,Canada
... earlier report by real estate firm Royal LePage forecast a six-per-cent average increase in Canadian house prices this year. Calgary and Edmonton are expected ...

Lanesborough REIT completes acquisition of Alberta apartment ...
Canada NewsWire (press release) - Canada
2 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX Venture: LRT ... neighbourhood of Sherwood Park, approximately ten kilometers east of Edmonton. ...

Prosperity for Alberta's Poor and the Homeless
Epoch Times - New York,NY,USA
... A real-estate boom has also made finding affordable housing a daunting task ... research network located in the University of Alberta in Edmonton, thinks the ...

Getting to the bottom of comfort
Edmonton Journal - Edmonton,Alberta,Canada
... Many Edmonton architects and furniture retailers attend the annual showcase ... Chatwin Cox Michalyshyn LLP; and Peter Schwann, a commercial real estate agent with ...

Put a roof over your head for $1 million
Edmonton Journal - Edmonton,Alberta,Canada
... The real estate company says with $1.06 million you can purchase a two-bedroom, 1,400 ... In Edmonton, $1.1 million would buy a five-bedroom, four-bathroom home on ...

Saudi prince pays $3.9B for Fairmont Hotels
Edmonton Journal - Edmonton,Alberta,Canada
... Arab Emirates, including Toronto's landmark Royal York hotel, Edmonton's Hotel Macdonald ... and Los Angeles-based Colony Capital LLC, a real estate investment firm ...

Soaring real estate prices have investors snapping up properties
Edmonton Journal - Edmonton,Alberta,Canada
... appreciated by an average 10 per cent a year in Edmonton since 2000, the thriving provincial economy has investors large and small capitalizing on real estate. ...

Scenes from a Boomtown
Globe and Mail - Canada
... Real estate prices are skyrocketing, schools are overcrowded, and the brass knuckle-tough ... air, Fort McMurray--an hour's flight north of Edmonton--looks like a ...

Lakeview Hotel Real Estate Investment Trust Hotel Acquisitions
Canada NewsWire (press release) - Canada
23 /CNW/ - Lakeview Hotel Real Estate Investment Trust ("Lakeview REIT") is pleased to ... Fort Saskatchewan, which is located north-east of Edmonton, enjoys a ...

Fraud accused gets bail
Edmonton Sun - Canada
... He is also banned from taking part in any real estate transactions. ... Crime in Alberta, said earlier the charges relate to 118 properties in Edmonton and six in ...

Single-family home starts forecast to decline slightly
Business Edge - Alberta,Canada
... Goatcher told a recent Edmonton Real Estate Board (EREB) seminar that even with the lower numbers forecast for 2006, the CMHC's projected 7,100 single-family ...

Home sales set seventh record mark
National Post - Canada
The Canadian Real Estate Association said its year-end statistics for the ... set in 11 of the markets, including Toronto, Calgary, Vancouver, Edmonton and Montreal ...

Hot housing market cooling
Globe and Mail - Canada
... said Gregory Klump, chief economist with the Canadian Real Estate Association. ... year in several cities including Vancouver, Calgary, Edmonton, Winnipeg, Toronto ...

RioCan Real Estate Investment Trust Announces Continued Portfolio ...
CCNMatthews (press release) - Toronto,ON,Canada
RioCan Real Estate Investment Trust ("RioCan") today announced its ... as Wal-Mart, Canadian Tire, Real Canadian Superstore ... of the lands for RioCan Centre Edmonton. ...

House hunting getting harder as prices soar
Calgary Sun - Canada
Home-seeking Calgarians will have to look harder and pay much more for the house they want this year, say city real estate experts.

Still no ceiling on home prices
Toronto Star - Canada
... clout in the market, says Phil Soper, CEO of Royal LePage Real Estate Services. ... Calgary and Edmonton will likely see increases of eight or nine per cent, but ...

Canada's housing market remained buoyant in fourth quarter
Canada NewsWire (press release) - Canada
... Phil Soper, president and chief executive officer, Royal LePage Real Estate Services. ... Calgary and Edmonton had the tightest inventory supplies as rising demand ...

New complex would be huge boost for city
Edmonton Journal - Edmonton,Alberta,Canada
It's been a long while since Edmonton's downtown got a new office ... KingStreet Capital Partners, a major Toronto real estate investment business, recently filed ...

Downtown megaproject two years late leaving the station
Edmonton Journal - Edmonton,Alberta,Canada
... real estate company, says he's not surprised Station Lands has failed to find a major tenant. Though downtown condo construction is booming, Edmonton's office ...

Real estate bubble, toil and trouble
U.S. News & World Report - USA
... home-building stocks have been among the worst performers on Wall Street, as investors are finally coming to grips with the fact that real estate mania is ...

The 80-20 rule taking effect in real estate
Charlotte Sun-Herald - Charlotte,FL,USA
When it comes to real estate, we are hearing a little different tune lately ... We keep hearing: "Is the big boom over?" "Is the bubble going to burst?" "It is now ...

Is the Bell Tolling for Housing?
BusinessWeek - USA
... Real estate brokers, too, dismiss the housing bubble talk as overblown. Brenda B. Shipplett, president and chief operating officer ...

Rental prices hit record high
Annapolis Capital - Annapolis,MD,USA
... NAI KLNB, a Baltimore real estate broker, said this region would avoid major price corrections - usually referred to as a housing bubble - because of the ...

The 'evil landlord' act could be a ploy
Sarasota Herald-Tribune - Sarasota,FL,USA
... $750 a month to $1,600. It's an offer the tenants certainly can refuse, and that may be the landlord's hope. The letters offered an ...

Police: Landlord Rigged Intricate Monitoring System To Watch ...
Local6.com - Orlando,FL,USA
A 62-year-old landlord in Florida was arrested on suspicion he used hidden cameras to videotape more than 20 women and several children using the toilet ...

Property manager, Harcourts
New Zealand Herald - New Zealand
... There is a great deal of satisfaction in finding and placing tenants and developing a good relationship between the tenant and the landlord and between them ...

Landlord rights
Cherry Hill Courier Post - Cherry Hill,NJ,USA
Several years ago, my wife and I returned to New Jersey and bought a home with an apartment over our garage. My wife was disabled ...

Student designs safety changes for city landlord
Diamondback Online - College Park,MD,USA
... Kaufman jumped at the opportunity and landlord Rob Davis called him about 11:45 pm with the details: He was to create a window design that would meet the city ...

REWARDS OF LIFE AS A LANDLORD
Bangkok Post - Thailand
... Importantly, the landlord must have responsibility to the tenants by thinking of them as family members because a home is not only a place to sleep. ...

Tenant dies, but landlord keeps rent
Chicago Tribune - United States
... But because Rhea, 59, did not give 30 days' notice that she was going to terminate her lease, her landlord took the date of her passing as notice--and charged ...

Slowly, prices begin to drop as unsold homes sit longer
The News-Press - Fort Myers,FL,USA
... Orlando-based economist Hank Fishkind told the sixth annual Southwest Florida Real Estate Outlook Conference that ... "Of course there's a housing bubble in Florida ...

Donald Trump needs to learn what's really valuable
Kingsport Times News - Kingsport,TN,USA
... Miss Peggy and I own a modest condo that has not yet been caught up in the real-estate bubble. Our aging Buick sedan and Isuzu pickup ...

Property prices to come down
Gowealthy.com - Herndon,VA,USA
... But a surge in construction projects, especially luxury residential developments, has raised fears of a property bubble. ... "Our new real estate index...suggests ...

The Maverick of Real Estate Success
6abc.com - Philadelphia,PA,USA
... But some warn the real estate bubble could soon burst. So can you still make money buying and selling homes? If so - what's the best way to do it? 

Investor turns opportunity into business
Business Edge - Alberta,Canada
... quick.". 15. There's a lot of talk about a real estate bubble forming, particularly in the US Does that worry you? "Yes, it does. ...

Chesterfield landlord testifies he had to kill boarder
St. Louis Post-Dispatch - St. Louis,MO,USA
A landlord in Chesterfield repeatedly told a jury in St. Louis County Circuit Court on Wednesday that he would have been a dead ...

Landlord may be charged in building collapse, death
The Republican - Springfield,MA,USA
HOLYOKE - City officials are considering filing criminal charges against a lax landlord whose building collapsed two weeks ago killing a demolition worker and ...

Landlord facing charges for second rental house Stabbing incident ...
Bernardsville News - Bernardsville,NJ,USA
BERNARDSVILLE -- For the second time in three months, a crime investigation has led to unrelated charges against a borough landlord who owns the rental homes ...

Landlords Beware, Tenants Unite
Daily Nexus - Santa Barbara,CA,USA
By Kelly Burns. In our beloved Isla Vista, everyone has a story about their landlord. It is a part of IV culture to compete over ...

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Copyright -  Edmonton Revenue Property Investors Association 2006

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