Edmonton: the Oil Capital of Canada

 January 2007

 

Top Investment Provinces
1 Alberta
2 British Columbia
3 Ontario

4   Saskatchewan

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
  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.
 
 
 
 
 
 

Google

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: 

Rhonda Navratil 

rhondavratil@remax.net www.realestateinedmonton.net Remax River City 301 - 10171 Saskatchewan Drive Edmonton Alberta T6E 4R5   780-439-7000 fax 780-439-7248 toll free 1-800-439-4777

She will be speaking on the topic of:

The Top 10 Winning Strategies For Multiple Offer Presentations

Rhonda is an experienced Realtor ~ discover why so many of my past clients would not hesitate to refer my services to their family, friends and co-workers.  Your satisfaction is my top priority! I will take the time to listen to your needs and desires and help you find your dream home. With a vast experience in assisting families relocating to the Edmonton area I am an IRP/DND and Federal Government approved agent and CERC Relocation Specialist. In the competitive Edmonton market new listings are sometimes receiving multiple offers at the same time. This is where my experience, professionalism and negotiating skills are really put to the test. Experience helps me to write an offer that the seller and the listing agent will look upon favorably. My professionalism and reputation within the industry ensure that you are properly represented. Negotiating is both a skill and an art, after 20 years of negotiating offers successfully I can honestly say that is an aspect of my job that I both enjoy and excel at. Put me to work for you and find out why my clients win more often.


           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.  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. 


Google

HIGHLIGHTS FROM OUR LAST MEETING

Edmonton Revenue Property Investors Association

December 12,  2006

Karen, our chair opened the meeting at 7:20 p.m. with a rooster wake up call. She gave us a few ideas from the book “Haley’s Handy Hints.” Rolf, our past president was re introduced, and donated a book to our association. Our new guests introduced themselves.

The minutes were read and Lillian gave us the treasurer’s report. Our guest speakers were Michael Baron and Chantelle Dodd from “The Residential Tenancy Dispute Resolution Service.” They gave us handouts and a slide show presentation of their work in resolving landlord and tenant problems. We have the most efficient and up to date system in Canada. Problems are quickly resolved and in some cases finalized with in a week’s time. They have a website

www.governmentservices.ca   and their phone number is (780) 644-3000

 Les: It is O K to use a “discounted rent” approach, but better not use a penalty for late payment. For example set the rent at $750.00 but only $700.00 if paid on the first of the month in a timely manner.

Calgary prices have dipped ½ % and Les gave us the current market update.

Les purchased a book, titled The Millionaire Real Estate Investor by Gary Keller" on how to achieve $one million of cash flow annually. It can be ordered from Chapters.

On day two of missing rent, Les will issue a letter which generally brings a quick response from tenants. It suggests that rent is due immediately and that court action will result in added costs and a notice to show the property to prospective tenants accompanies the letter. There were draw prizes for all and free dessert as a Christmas special. The meeting closed at 10:30 p.m.

Katherine Callfas


LETTERS FROM OUR MAILBAG

Hello

I found your web site from search engine. Please send me monthly news letter. Thanks

Ninh Tran (ed your now on our e-mail list...welcome & come to our meetings!)


Les,

 I have 9 amazing suites coming up in Garneau which will be available to write on in the next 2 weeks!

15 units in Calder all with tenants wanting to stay plus you get a $5000 reno credit if you like.
15 units off 118th and 89th St, again with great tenants...
 
I'd love to get all this info in front of your investors!
 
Call me,
Robert Mcleod
 Realty Executive-Masters
Direct: 905-8920    (ed Rob please come to our next meeting!)

Hello Les,

Thanks for our conversation this afternoon – I had a chance to visit your website at http://www.RealEstatePays.com/erpia and found it quite interesting. I think your website is very helpful to all types of investors and with your permission (please confirm) I would like to add your website to the ‘My Links’ section of my website located at www.KellyGrant.ca. (ed thanks Kelly great idea... come to our next meeting too!)


It as been many years... I just thought I would drop you a line - find out what is new in the zoo. I see the Rentex signs everywhere - that is a good thing. Thanks les, I feel pretty up to date - great newsletters!! I will call you later this morning. Do you like Sushi?

Randy Clark (ed You bet...wow Randy long time no hear... I didn't know your going Japanese!!! One of my favorite restaurants is Japanese Express!!!)


Hi there, We hope all is well your way and that you are very much in the Christmas spirit by now! Here's a picture of us on the beach the other day relaxing and enjoying the beautiful weather here in Lo de Marcos, Mexico! Sending warm wishes your way for a Fun Filled Christmas and a Happy, Healthy and Prosperous New Year! If you get a chance, drop us a line, we would love to hear from you! Take care and bye for now,

Love, Lorraine and Brian and little Maddy e-mail

(Ed who says Real Estate doesn't Pay! This is from last season but I couldn't resist a reprint as we all freeze our butts off up here!!!)


This months Real Estate News Articles And Links

'No war, no crack, more beer, no mice'
Edmonton Journal (subscription) - Edmonton,Alberta,Canada
... Nelson prepare to move off the former meat-packing plant site in northeast Edmonton. ... it, but at least they have a place to store their belongings rent-free for ...

Locals without running water
Edmonton Sun - Alberta, Canada
By AJAY BHARDWAJ, Edmonton Sun. ... Sawhney said the company is reviewing whether to provide a rent break or other compensation for residents.

External forces dampening Canadian economy in 2007: TD Economics
Canada NewsWire (press release) - Canada
... New listings are up substantially in Calgary (51% y/y), Edmonton (27% y/y) and Vancouver (19% y/y), which should ... "As expected, growth in real estate assets has ...

Apartment vacancies hit new low in Alberta
Globe and Mail - Canada
... Most newcomers look to rent when they first arrive, rather than buy a house right ... annual increase ever recorded by CMHC -- to $960, and in Edmonton rents rose ...

Rental vacancy rate hits low
Calgary Sun - Canada
... in the country, with Vancouver second with 0.7% vacancy and Edmonton third with ... the CFAA, explaining because of turnover, there were 733 units for rent in the ...

Vacancy rate will deter influx of newcomers, suggests analyst
Alberta Daily Herald Tribune (subscription) - Grande Prairie,Alberta,Canada
... be gobbled up by the price of accommodation," he said from his office in Edmonton. ... The average monthly rent for an apartment in the city has jumped to $905 ...

Rental options are scarcer Vacancy rates tumble, as rents are on ...
Richmond Review - BC, Canada
... Apartment buildings with vacancies are increasingly scarce, he said, because few for-rent buildings have been built in recent years and some existing ones have ...

Rental market tightens across Canada
CBC British Columbia - Vancouver,British Columbia,Canada
... had the fewest apartments available for rent with a ... the Prairies' five major cities, with Edmonton experiencing the ... to the region and an increase in mortgage ...

Quebec rental market : Easing continues
CNW Telbec (Communiqués de presse) - Canada
... was attributable to the increase observed for ... apartment condominiums offered for rent in the following centres: Vancouver, Calgary, Edmonton, Toronto, Ottawa ...

National Rental Vacancy Rate Inches Down to 2.6 Per Cent
Government of Canada Newsroom (press release) - Ottawa,ON,Canada
... get a better indication of the rent increase in existing structures.The greatest rent increases occurred ... in Calgary, 9.9 per cent in Edmonton, 5.1 per ...

Apartment hunting gets tougher
Ottawa Citizen (subscription) - Ontario, Canada
... The greatest rent increases over the past year, meanwhile, generally occurred in markets ... were vacant, followed by a 9.9 per cent increase in Edmonton, 5.1 per ...

Canada's housing market remains strong as 2006 closes, house ...
CNW Telbec (Communiqués de presse) - Canada
... active oil sands continue to fuel the city's hot real estate market prompting ... shortage of inventory resulted in average house prices in Edmonton rising at ...

Range for wheat is creeping northward
Anchorage Daily News - Anchorage,AK,USA
... shift from 55 degrees north (about the latitude of Edmonton, Alberta) to ... he said, is the ongoing consumption of valuable farmland by real estate developers in ...

Top tips from 10 financial professionals
Vancouver Province (subscription) - Vancouver,British Columbia,Canada
EDMONTON -- Ten financial professionals offer these timely tips about borrowing ... portfolio manager, Hendrickson Financial Inc.: US real estate will affect ...

Canada Mortgage and Housing Corporation: Apartment Vacancy Rate ...
CCNMatthews (press release) - Toronto,ON,Canada
... and lengthened completion times for new condominium units have maintained demand at high levels, in turn yielding an average rent increase of 4.4 per ...

What to look for in the year ahead
Honolulu Star-Bulletin - Honolulu,HI,USA
... Hawaii's real estate market got its own winter chill in November, when the Oahu ... Economist Paul Brewbaker is adamant that "this ain't no stinkin' bubble.". ...

2006: Year of chaos and transition
Calgary Sun - Canada
... 28 Edmonton Oilers fans celebrating the team's playoff run, go on a fiery ... 14 Statistics show home prices in Calgary's white-hot real estate market are climbing ...

Will '07 housing surprise us all?
OCRegister - Orange County,CA,USA
... intriguing possibility. Imagine OC real estate enjoying a very hearty 2007. That's right. A "What bubble?" kind of year. It's the ...

Student housing still not fire-safe
Pittsburgh Post Gazette - Pittsburgh,PA,USA
... her student-heavy neighborhood has seen two fatal fires since July and has been the focus of a housing code enforcement blitz, getting her landlord to fix even ...

REAL ESTATE: WHAT AM I BID? Alabama Firm Promotes Online Auctions ...
HNN Huntingtonnews.net - WV, USA
With the bursting of the real estate price bubble in most of the country, you’d expect to find a firm that markets real estate through online auctions to be ...

San Jose man charged with killing landlord, torching home
San Jose Mercury News - CA, USA
AP. SAN JOSE, Calif. - An unemployed tenant was ordered held without bail after being charged with fatally stabbing his 73-year-old landlord and setting fire to ...

New law is a boon for tenants’ rights
goTriad.com - Greensboro,NC,USA
... "I’m having the darndest time getting my landlord to fix things," said Curtis, who lives in the Adams Farm subdivision. Fed up ...

Landlord charged under state law
WSTM-TV - Syracuse,NY,USA
SYRACUSE, NY ) _ A Syracuse landlord posted a 150-thousand dollar bond to get out jail yesterday, hours after he was arrested for failing to fix housing code ...

Free-loading snake evicted from North Dade apartment
Centre Daily Times - Centre County,PA,USA
By GLADYS AMADOR. No one likes a slithering tenant, so one landlord in North Miami Beach had hers evicted. A 15-foot Albino Burmese ...

Question of trust
Edmonton Sun - Alberta, Canada
... Edmonton real estate also had a banner year, as the cost of residential realty soared by as much as 48% over 2005 prices. Single ...

Gazing into our crystal ball
Edmonton Sun - Alberta, Canada
... US rates, spurred by a need to shore up declining real estate values and the weight of government debt, will likely be cut more severely than ours, as both the ...

Edmonton area firms shine
Edmonton Journal (subscription) - Edmonton,Alberta,Canada
... Many of Edmonton's most prominent public companies also had a stellar year in ... Melcor, the capital region's largest real estate developer, saw its stock soar by ...

Annual 'taking stock' of wealth may require corrections
Edmonton Journal (subscription) - Edmonton,Alberta,Canada
... During deflation, you lose on real estate and win on bonds. ... Jim Yih, with Core Financial in Edmonton, suggests the following steps: Pay more than the minimum ...

Mainstreet Equity posted gains in portfolio size, rental revenues ...
CNW Telbec (Communiqués de presse) - Canada
Implementation of the Edmonton rent increase is expected in the second quarter of the fiscal year 2007. Rental income in the British Columbia and Ontario ...

A slightly softer rental market in the Montréal metropolitan area
CNW Telbec (Communiqués de presse) - Canada
... market to include apartment condominiums offered for rent in the following centres: Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montréal, and Québec. ...

How to Combat Media Doom and Gloom
RisMedia.com (press release) - Norwalk,CT,USA
... the bubble disintegrates. Some bubbles just "hiss" a little and go flat. The latter, I believe, more accurately reflects today's "deflating" real estate market ...

New Britain Landlord In Roof Dispute With Contractor
NBC30.com - Hartford,CT,USA
NEW BRITAIN, Conn. -- A New Britain landlord thought he made a wise investment in hiring a local contractor to put a new roof on his commercial building. ...

Landlord charged with destroying tenant's property
Eagle Tribune - North Andover,MA,USA
LAWRENCE - A landlord was arrested after police say he smeared butter all over a tenant's belongings and threw the furniture and clothing off a second-floor ...

Should real estate investing be making you nervous?
Reading Eagle - Reading,PA,USA
... these properties, much of the money had been invested in stocks, but when the stock bubble burst, investors fled Wall Street and began buying real estate. ...

Caught in a bursting bubble
Ocala.com - Ocala,FL,USA
... He notes Florida has "a long history" of real estate booms followed by busts. ... Now that we're caught in the burst of the housing bubble, we should consider a ...

Year in review
Boston Globe - United States
... 1. THE REAL ESTATE BUBBLE DEFLATES -- but doesn't burst. It was the Boston market's worst year since the early-1990s housing bust. ...

Landlord sentenced in tenant's death
Journal Gazette and Times-Courier - Charleston,IL,USA
CHAMPAIGN, Ill. - A landlord and former Champaign City Council member was sentenced to six months in jail for failing to fix a faulty furnace that led to the ...

Canadian economy to grow 2%, interest rates could be cut to avoid ...
Edmonton Journal (subscription) - Edmonton,Alberta,Canada
... He also said the US slowdown will spread next year as "American households become more focused on savings in the wake of the real estate sector's nosedive ...

Top real estate stories of ‘06
Palm Beach Post - FL, United States
... the biggest real estate stories of 2006. Since the suspense is killing you, here’s my list: Call it whatever you want — a correction, a bursting bubble, a ...

Recovery is here for real estate
Arizona Republic - Phoenix,AZ,USA
My answer, that real estate markets have recovered, usually sends them to the punch bowl ... by stable home prices show that the market is getting out of bubble mode ...

Landlord guilty of video peeping
Oneida Dispatch - Oneida,NY,USA
WAMPSVILLE - Madison County Judge Biagio DiStefano found an Oneida landlord guilty on four counts of spying on his tenants during a non-jury trial Thursday. ...

Tenant Allowed to Keep $104-a-Month Manhattan Apartment Despite ...
FOX News - USA
NEW YORK — An appeals court has denied a landlord's bid to evict a mentally disturbed man from his bargain $104-a-month Manhattan apartment, saying his ...

Scammers trolling for trusting landlords
Business Edge - Calgary,Alberta,Canada
... anything but - and all will send a cheque or bank draft in an amount larger than the first month's rent and security ... (Brock Ketcham is an Edmonton-based writer ...

Landlord of properties near UK defaults on loans
Kentucky.com - Lexington,KY,USA
By Jim Jordan. A Louisville businessman is being sued by at least seven lenders for allegedly defaulting on more than $2.7 million ...

Realtors disagree on health of market
The Missoulian - Missoula,MT,USA
... When compared with real estate in Florida or San Diego, Jones said, the market in the Bitterroot does look rosy. ... “I don't see any bubble bursting. 

Rental market takes a dive
The Powell River Peak - Powel River,BC,Canada
... Life Cycle Housing Society in Powell River built and manages an apartment complex on Ontario Avenue that has both subsidized and market rent apartment housing ...

Overcrowding in homeless shelters contributing to serious ...
CBC News - Canada
... red-hot economy attracts job seekers from across Canada, but the soaring cost of rent and lack of ... Edmonton faced a similarly rapid increase in cases ...

Landlord vows to catch ‘scum ball’ scammer
The Delaware County Times - Chester,PA,USA
UPPER DARBY -- The bogus repairman that talked his way into an elderly woman’s apartment and stole a cup of quarters and money from Mass card envelopes ...

Landlord leaves tenants in the cold
Press & Sun-Bulletin - Binghamton,NY,USA
... On Oct. 9, NYSEG posted notices in the building warning tenants that the heat would be cut off unless the landlord paid $10,289. ...

Sponsored Links
Rentex Homes Advertise your Rentals or For Sale Properties with Photo Ads
Buy Sell Rent Ads Worldwide Advertise Anything of value with Photo Ads
Real Estate Pays Real Estate Courses and Forums
City of Edmonton Maps Check Property taxes and zoning
CMHC Reports Vacancy, building & various Real Estate info
RTDRS Alberta Government Residential Tenancy Dispute Resolution Services
 Advertise here Email for rates
 

 


Thanks for reading our entire newsletter...see you at our next meeting!!!

Copyright -  Edmonton Revenue Property Investors Association 2007