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
$10 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.
Schur-Tek
Resources Ltd was incorporated on August 31, 1993 and is a
full service environmental consulting company. They have
served clients that have included private individuals,
local, national, and international companies, including
municipal, provincial, and federal government departments.
The majority of their work has been in Alberta and they have
also done work in B.C., N.W.T., Saskatchewan and Ontario. To
date they have conducted over 650 ESA reports. They are
licensed by the Petroleum Tank Management Association of
Alberta as an underground storage tank remover and are on
the approved list of environmental consultants with the
Alberta Municipal Affairs and Housing Tank Site Remediation
Program. Martin Schurek is a member in good standing of the
Alberta Society of Engineering Technologists Environmental
Services Association of Alberta.
Our second
guest speaker is from:
AMRE
Supply
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.
HIGHLIGHTS
FROM OUR LAST MEETING
Edmonton
Revenue Property Investors Association
June
10, 2008
Karen
opened the meeting at 7:08 with advice. A notice on a
tenant’s door must have only the address on the outside of
the envelope. No name. Les our president welcomed all and
had new guests introduce themselves. Lillian gave us the
Treasurers report. We had a buy/sell rent forum for all.
Our
first guest speaker was Terry Fikowsky of Housemaster
Inspections. They prefer to have the buyer present for their
inspections. They have professionally trained and insured
inspectors. The inspection takes about 3 hours for a 2200 sq
ft home. Edmonton phone number 449-3883. Fax 449-3885
Our
second guest speakers were Glen Zacher and Jason Lowe,
Independent agents for United First Financial. They suggest
using a merge account line of credit with an open ended loan
along with their software to assist people to pay down their
mortgage faster. For more information, check their web site www.unitedfinancial.com
Guest
number three was Scott MacKenzie of Concrete Equities with a
CD and handout. Concrete Equities is a Commercial based
Syndication company based in Calgary, and seeking venture
capital.
Les
gave us an update on the current market conditions. Prices
have been stable for 5 months. Mortgage rates are low.
Another 4200 listings have been added to the inventory. A
total of 11,000 homes are available for purchase. (a 6 month
supply) Average days on Market are 53.
Draws
completed the evening.
Katherine
Callfas
LETTERS
FROM OUR MAILBAG
Hello Les,
(( if this doesn't reach
Les, please reply advising me so ))
An acquaintance directed
me to the ERPIA web site, suggesting I might be interested
in attending your meetings.
Do you hold meetings
during the summer?
According to the ERPI
web site the next scheduled meeting should be Tues, 8
July.
Is this correct?
Regards,
Richard S.
Edmonton, AB
We sure do
hold meetings during the summer and they are always once a
month on the second Tuesday. We look forward to seeing you
at our next meeting which will indeed be on July 8, 2008.
This months Real Estate News Articles
And Links
Home
Shorts
Calgary Herald -
AB, Canada ... the Canadian Real Estate Association.
It resulted largely from listings in Vancouver, Toronto
and Ottawa, offsetting declines in Edmonton and
Calgary. ...
Whiterock
REIT Announces $80 Million of Acquisitions in Alberta
Canada NewsWire
(press release) - Toronto,Ontario,Canada ... announced that it has entered into a binding
agreement to acquire approximately $80 million of
commercial properties in Calgary and Edmonton,
Alberta. ...
Giving
shelter to city's 'bad guys'
Toronto Sun -
Ontario, Canada
The Toronto Community Housing Corp. evicts problem
residents and the province's Landlord and Tenant
Board lets them back in. "In my informed
position,
Review
your toilet paper trail to see who's at fault
Chicago Sun-Times
- United States
The landlord went through her insurance and was
informed that they would not cover the damage because
she was not present when the incident occurred. ...
Don't
sell your home, become a landlord instead
Times Online - UK
Charlie Cochrane, 41, a British Airways pilot, never
intended to be a landlord. So when he and his
wife, Lesley, 41, a stewardess, put their four-bedroom ...
