Welcome to the Edmonton Revenue
Property Investors Monthly Newsletter
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 speaker
this month will be
Michelle
Warwa-Handel
From
Property Tax Appeal Services
Michelle
has worked as a City Assessor & Land Agent and has been
managing PTAS for 13 years. They have over 3000 clients and
primarily work from referral and a targeting process.
Property Tax Appeal Services has been operating in Edmonton
for over 15 years. They work in conjunction with the client
to review and appeal business and property taxes. Michelle
works within a law practice and has a team of other
consultants to work with on appeals. They call upon
Engineers, Appraisers and other experts as witnesses in the
appeal forum. They work for you the taxpayer to keep your
taxes as low as possible.
This
is another in our series of do not miss educational
seminars. You will receive a rare insight as to how your
taxes are arrived at and what you can do to fight
inappropriately high taxes!
Remember...
the lower your taxes... the lower your expenses therefore
the higher your net operating income and the more your
property is worth!!!
Michelle
is looking forward to meeting all of our members on Tuesday.
Property
Tax Appeal Services
10328-97
Avenue Edmonton T5K 0B5 at Ignia & Company
bus
423-1234 cell 915-4752 home office 922-1610 fax
922-1612
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 forrent or for
sale real estate online please visit Rentex
HomesandBuy
Sell Rent Ads ...register and post your properties. 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 hands on
operation of acquiring managing and selling of revenue
properties of all types.
Lets talk Equity
HIGHLIGHTS
FROM OUR LAST MEETING:
Edmonton
Revenue Property Investors Association
January
9, 2007
Karen,
our chair opened the meeting at 7:13
p.m. using our new microphone system. She showed us
the tool of the month - a De Walt electric drywall
drill. The executive were introduced as a well, and
our new guests introduced themselves. Buy/Sell
followed. The treasurer’s report was given by
Lillian. Les gave us a market update. Our first
guest was Robert McLeod, and he specializes in Condo
conversions. He invests in his projects and some are
rental pools. He can arrange a group tour. Phone
number (780) 905-8920 or view his web site www.robertmcleod.ca
for available properties.
Our
second Guest speaker was a top realtor Rhonda
Navratil, recently profiled in the Edmonton Journal.
She gave us many useful ideas in buying and selling
properties. She also had a couple of interactive
teaching sessions, using club members to do multi
offer sales.
Les
spoke about:
MLS 2006 sales broke all previous records. Single
family dwellings now average $341,000 up 2.36% in the
past month. Condos and duplexes were also up.
The
meeting closed at 9:40
p.m.
Les
had many members comment on what a great very
informative meeting it was! Thanks all for coming!
LETTERS
FROM OUR MAILBAG
Hello Les!
I was wondering if you
are still meeting at Rosie's as I have a friend who
wants to come out? What is the new address if there
is one or still just the same what is rosies again
so I could pass it on?
Stephen Bland (ed: Bring
all of your friends! Same place same time!))
From Gail...since
it's nearly tax time again.
Accounts
Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax
Fishing License Tax Food
License Tax,
Fuel permit tax
Gasoline Tax (42 cents per
gallon)
Hunting License Tax
Inheritance Tax
Interest expense
Inventory tax
Revenue Canada Interest
Charges Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
Provincial Income Tax
Prov. Unemployment Tax
Telephone federal excise tax
Telephone federal universal
service fee tax
Telephone federal, state and
local surcharge taxes
Telephone minimum usage
surcharge tax
Telephone recurring and
non-recurring charges tax
Telephone Prov. and local
tax
Telephone usage charge tax
Utility Taxes
Vehicle License Registration
Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax COMMENTS:
Not one of these taxes existed 100 years ago,
And our nation was the most prosperous in the
world.
We had absolutely no national debt,
had
the largest middle class in the world,
and
Mom stayed home to raise the kids.
What the heck happened?
And I still have to "press
1" for English
Calgary,
Edmonton housing prices jump in 2006
CBC.ca -
Calgary,Alberta,Canada
Figures released by Edmonton's real estate board
this week showed the average price of a single-family
home was $341933. In Calgary, the average for the ...
High
prices may depress house demand
Edmonton Journal
(subscription) - Edmonton,Alberta,Canada
Low vacancy rates and strong demand by people priced out
of the single-family home market will keep Edmonton
rents rising this year, with the average rent...
'Big
is beautiful' in Edmonton land rush
Globe and Mail -
Toronto,Ontario,Canada
It's either renew at the higher rate or look for
something else, which is virtually impossible to find,
or rent something larger and face a huge increase
in ...
Wealth,
poverty at once
National Post -
Don Mills,Ontario,Canada
And it's those stories -- the retired war veteran, or
the single welfare mother caring for her handicapped
daughter, faced with a sudden 40% rent increase...
House
prices still climbing
Sherwood Park News
- Sherwood Park,Alberta,Canada
Although the average single-family house in the Edmonton
area went up by about 52 per cent this year, the Edmonton
Real Estate Board is predicting growth ...
Increases
may push renters out
Fort McMurray
Today - Fort McMurray,Alberta,Canada
She said she won’t be able to afford that rent
increase. “I’m going to be on the same boat when
my lease goes up. So where am I going to go? ...
NO
VACANCY
Wetaskiwin Times
Advertiser - Wetaskiwin,Alberta,Canada ... the most expensive centre to rent
across Canada). Likewise, both Edmonton and
Calgary rents are up from 2005 with two-bedroom
apartments averaging 10.4 ...
Changes
for Canmore in ‘07
Rocky Mountain
Outlook - Bow Valley,Alberta,Canada
Those looking to rent a unit will likely be
anticipating the construction of the Palliser project at
the base of SilverTip, now scarred by an ongoing ...
Former
smoker challenges ban on lighting up in some Winnipeg...
Winnipeg Free
Press - Winnipeg,Manitoba,Canada
Regardless of the outcome of Reeves’s complaint, Globe
may already be paying a price for adopting the policy.
The company’s vacancy rate in Winnipeg has ...
Also
on board for the BOG
Gateway.ualberta.ca
- Edmonton,Alberta,Canada
Debate on the proposed rent increase took up a
large portion of the four-hour public session; however,
during that time copious cups of coffee were consumed ...
Editorial:
What’s another ten per cent increase among
friends?
Gateway.ualberta.ca
- Edmonton,Alberta,Canada
In the past year, Edmonton’s housing market has
seen a huge spike, so why should students be getting a
deal? It’s simply not realistic to expect the
Task
force targets housing
Fort McMurray
Today - Fort McMurray,Alberta,Canada
Danyluk said he hasn’t ruled out measures like rent
control and the creation of a department that deals
exclusively with housing -- and solutions will be.
Solving
the province's housing crisis
630ched.com -
Edmonton,Canada ... be handcuffed in any way and may consider
anything, including rent controls. The committee
is slated to hold community meetings in Edmonton,
Calgary, ...
Homburg
Invest Inc. announces acquisition of assets in Fort ...
Canada NewsWire
(press release) - Canada
Homburg Invest Inc., with its head office in Halifax,
Nova Scotia, owns and develops a diversified portfolio
of quality real estate including office, ...
The
boom a burden to many
Edmonton Journal
(subscription) - Edmonton,Alberta,Canada
Greg Christenson, incoming chairman of the Edmonton
Chamber of Commerce. Young and unskilled workers are
stretched to buy homes or even pay rent. ...
Labour
column struck chord
Edmonton Sun -
Edmonton,Alberta,Canada
One horror story: An Edmonton-born man, Greg,
can't get a decent job although he has two university
degrees and a total of almost 20 years in the airline ...
Calgary
and Edmonton condo markets forecast to grow
Canada NewsWire
(press release) - Canada
About Genworth Financial Canada: Genworth Financial
Canada, The Homeownership Company, works with lenders,
mortgage brokers, real estate agents and builders
...
Report
predicts condo demand and construction to slow
Vancouver
Sun - Vancouver,British Columbia,Canada ... Ottawa and Montreal and is based on data from
the Conference Board of Canada, Canada Mortgage and
Housing Corp. and the Canadian Real Estate
Association.
Bring
on the housing slump
Los Angeles Times
- CA,USA
The big and rapid declines in property values in the
early 1990s, after the last real estate bubble
popped, helped open the door to homeownership for a new ...
Is
Landlord Responsible for Losses From Fire Damage?
Washington Post -
Washington,DC,USA
Our landlord's insurance company will cover the
repair of the house, but not any of our losses,
including the cleaning of our belongings. ...
Mom
needs affordable home to get kids back
Edmonton Sun -
Edmonton,Alberta,Canada
A 25-year-old Edmonton mom who's trying to regain
custody of her four kids from Children's Services is
doing everything right, her lawyer says. ...
Housing
prices not keeping workers away
Business Edge -
Calgary,Alberta,Canada
Its Calgary counterpart, the Calgary Real Estate
Board (CREB), reports that the average price of a
single-family home rose to $396870 in December 2006, ...
Residential
real estate values in major Canadian markets post
...
CNW Telbec
(Communiqués de presse) - Canada
"Conventional wisdom used to be that real estate
was a relatively safe, long-term investment that
typically appreciates at a rate of five per cent
annually ...
International
study puts Winnipeg in Top 10 for affordability
Winnipeg Free
Press - Winnipeg,Manitoba,Canada
"Anybody going out to Calgary right now on a job
offer is crazy, because the prices of homes are
unbelievable, and rent is atrocious," said
Suszynski, ...
Seinfeld
ordered to pay $100000 real estate fee
StarPhoenix -
Saskatoon,Saskatchewan,Canada
NEW YORK (AP) -- Jerry Seinfeld's high-priced Manhattan
home is going to cost him more than he thought, about
$100000 US more. ...
Don't
judge landlord
Press &
Sun-Bulletin - Binghamton,NY,USA
My mother is a landlord of two small apartments
and lives on her rental income and a small Social
Security check. When people don't pay rent, she can't
pay ...
Landlord
to pay $50000 in fair housing case
DetNews.com -
Detroit,MI,USA ... rent payment to coincide with the arrival of
his Social Security check has won a $50000 settlement
from the landlord who would not let him do it. ...
Landlord
in the dock over benefits scam
Luton Today -
Woodston,Peterborough,UK
A landlord who continued to spend council cash
meant for his tenant's rent even though they'd left the
country has been forced to face the music. ...
Panel
due to OK bigger landlord fines
The Union Leader -
Manchester,NH,USA
By RILEY YATES. MANCHESTER – A city panel is expected
today to endorse doubling the fines for neglectful
landlords, but its chairman is warning residents ...
Investor
landlord activity continues to grow
Easier -
Chester,UK
Over two-thirds (70%) of all buy-to-let applications in
December were for mortgage products under 75% LTV – a
23 per cent increase compared with the ...
Internet
Scam Caution
WSLS.com -
Roanoke,VA,USA
One landlord turned to the Internet to post an
apartment for rent after not getting a very good
response to print ads. The landlord quickly got
an e-mail ...
What
if landlord never received lease renewal?
Miami Herald -
FL,USA
You can do this by inserting this clause: ``Acceptance
of option to renew is effective when landlord
receives written notice to renew from tenant no later.
Demographics
brings new breed of British landlord
Financial Express
- Bombay,India
LONDON, FEB 5 : Rising immigration, a growing student
population and high home prices have given rise to a new
breed of landlord in Britain: young, ...
Can
Florida be more than sunshine?
Palm Beach Post -
Palm Beach,FL,USA
Also in 2006 came the double whammy of higher insurance
premiums and property taxes, pumped up by the real-estate
bubble. Oh, and there was the bursting of ...
Loving
landlord
Flint Journal -
Flint,MI,USA
FLINT - In a matter of a few weeks, LaTonya Edmonson
went from being a tenant to a multihome investor and landlord.
With the help of her financial backer ...
Landlord
offers no help
Brockton
Enterprise - Brockton,MA,USA
BROCKTON — The former residents of a condemned house
who were left homeless this week are suing their landlord
for filing bankruptcy to avoid paying for ...
Contempt
order against landlord upheld
Toledo Blade -
Toledo,OH,USA
The Ohio 6th District Court of Appeals has upheld the
contempt order placed in Toledo Municipal Court on the landlord
of rental homes near the University of ...
Landlord
denies heat, house emptied
Wilmington News
Journal, OH - Wilmington,OH,USA
A two-story West Locust Street property, split up into
several rental units with a total of six occupants, has
had the natural gas turned off since October. ...
Landlord
Finds Tenant Dead in Apartment
KHNL-TV/KHBC/KOGG
- Honolulu,HI,USA
Police say the victim's landlord made the grisly
discovery, when he arrived to fix something in the
apartment. "Knocked on the door, didn't get an
answer," ...
After
Sale, Rent Increases Give Some Sticker Shock
New York Times -
New York,NY,USA
She said her landlord notified her that the rent
on her two-bedroom apartment was going up $700 a month,
or 18.7 percent, to $4450 from $3750, beginning Feb ...
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