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:
ComFree
Private Sales - Edmonton
6732 -
75 Street
Edmonton, Alberta, Canada
T6E 6T9
Phone: (780) 444-3131
(877) 888-3131 - Out of Town
Features
by Phone: (780) 483-1111 24-Hour Automated Telephone Information
on your home
Well well well. The
proverbial real estate circus continues on a merry ride.
Prices are skyrocketing like nobody wanted to forecast. The
Edmonton Real Estate Board predicted prices would go up 15%
in 2007 and they have gone up 10 % in the first two months.
They are as bad at predicting as the Conservatives are at
predicting oil revenues!
CMHC predicted rents
would increase 15% in 2007. They have quickly backpedaled
and revised their prediction to 20%
The Government has
been sending their circus on affordable housing on a milk
run around the province. Seems like the liberals and the low
income people are screaming the loudest.
Government: don't
tamper with free enterprise...you will just screw it up.
Just pay landlords directly a no strings subsidy for those
proven low income people that are truly needy, and make damn
sure they don't spend taxpayers money on cigarettes dope and
booze! Do not give the money directly to tenants as it may
not be spent on housing.
Above all do not
force landlords to become the social welfare net for all by
enacting rent controls. If you do I for one will sell out
(condo convert) and move on to better investments. I sure as
hell will not build any rentals, that's for sure!
Come
to our meeting. Lets talk more about this. 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
February
13, 2007
Les,
our president opened the meeting at 7:09 p.m. with a
quick market update. Karen showed us the tool of the
month, a Dremel Contour Sander.
Lillian
gave us our Treasurers report, and the minutes were
read.
Les
now has a website with many links, articles and his
blog. It is www.RealEstatePays.com
Our
guest speaker was Michelle Warwa-Handel. Her
company is called, “Property Tax Appeal Services.”
They do not charge for their services unless they are
able to lower your tax burden. They have many
satisfied clients.
New
guests introduced themselves. Rolf has offered
to assist and mentor new members. Various members
contributed to some very lively discussions on
economic and environmental issues. Les gave us a more
detailed update on real estate sales, rents, and
vacancy rates.
The
meeting concluded at 9 P.M.
Katherine
Callfas
LETTERS
FROM OUR MAILBAG
Hi Les,
I'm new to the group...
great way to meet people. I see you are heavily involved
in revenue properties. Have the recent changes in the
Edmonton housing market effected you (and other revenue
prop. investors) much? Positively or Negatively? Have you
ventured into other forms of businesses, or are you mostly
interested in Real Estate?
Contact me any time.
Trevor Germain,
(ed) Negative affect if
your a buyer. Everything is way too expensive with poor
cash flow. I have owned other businesses but Real Estate
is by far the best! I'll add you to the ERPIA CLUB found
at www.RealEstatePays.com
email newsletter, it comes out once a month. Please come
out to our next meeting to get lots of opinions! Good
luck!!!
Thank You, Les
Hi Les,
I just spoke to you a few minutes ago. I'm
interested in attending your upcoming monthly dinner
meeting. Please add me to your email list.
Thanks,
Shawn. (ed come one come all but be early or you won't
get a seat, limited to 50 seats!)
Hi! I'm
wondering if you still have this RE club operating.
What are your requirements? What are your goals?
What is your mission and vision? How many people
in your club? What have you accomplished as a club?
Please let me know!
Eveliene (ed see above
comments)
Thank you for including my
name on your mailing list. I attended the last ERPIA
meeting (my first) and enjoyed it very much. I would
like to come to the meeting tomorrow but unfortunately
one day notice is not enough time for me. I already have
a commitment for tomorrow. Please tell me...is this as
much notice as you usually send? If people know
what your topics are and who your guest speakers are in
advance it would be worth making an effort to attend.
With thanks,
Catherine Brooker ( Guest
speakers are very hard to line up and some cancel at the
last minute. That's why sometimes the e-mail goes out so
close to the meeting date. Always have the second
Tuesday open as that's our special meeting day!)
Hello Les,
It was a pleasure to have
informative conversation with you today. Could you add
me to the mailing list.
SERGE FENYUK Bcomm
Cell: 780-710-2070
Office: 780-444-2844 ext. 111
MACDONALD REALTY S.W. EDMONTON
10027 170 ST
EDMONTON, AB T5P 4R5
Hello
Les,
I
am writing from NuWire Investor, a new online alternative
investment publication in
Seattle (www.nuwireinvestor.com
– beta site). We write for an audience of people who are
interested in all types of alternative investments (real
estate, commodities, ForEx, peer-to-peer lending, etc.) We
are working on an article about the real estate market in
Canada , and I am interested in talking to someone from your
group about their perspective as a real estate club member
– the article will most likely be in our April issue.
I
look forward to connecting soon, and thank you in advance
for your time!
Marie
LanghoutAssociate
Editor
(ed Marie
conducted a half hour interview with me, check their
online April publication for the article and audio
clips of the interview!)
This months Real Estate News Articles
And Links
THE BIG AMERICAN REAL ESTATE CRASH
VANCOUVER REAL ESTATE INVESTING
REAL ESTATE INVESTING DANGER
BOB ENDSLEY US RE INVESTOR
INTERVIEW
RICH DAD ON REAL ESTATE OPTIONS
Rent
hike forces senior from home
Canoe.ca - Canada Edmonton is experiencing record low apartment vacancy
rates - less than 1%. Edmonton-McClung Liberal MLA Mo
Elsalhy says he'll introduce a private member's ...
February
house prices defy forecast of slowdown
Edmonton Journal
(subscription) - Edmonton,Alberta,Canada
Carolyn Pratt, president of the Edmonton Real Estate
Board, had expected prices to rise 15 per cent in the entire
year. But with 10 months to go, ...
Downside
to the upside
Edmonton Sun -
Edmonton,Alberta,Canada
Despite cautious predictions of the Edmonton Real Estate
Board that things were about to level off, February's sales
were hot, hot, hot. ...
Smoking
Former smoker loses fight against butt ban
in Winnipeg apartments ... A similar smoking
ban took effect in Globe's 450 apartment units in
Edmonton on Feb. ...
Alberta
in brief
Alberta Daily Herald
Tribune (subscription) - Grande Prairie,Alberta,Canada
CALGARY (CP) - The Calgary Real Estate Board says
there's no sign yet of the city's hot housing market cooling
off. Figures released Wednesday show the ...
Real
estate brought 18.6% return in 2006: Index
Toronto Star -
Toronto,Ontario,Canada
Canadian real estate provided a total return of 18.6
per cent in 2006, close to record 18.7 per cent set in 2005,
according to the annual index. ...
Big
bucks for this region’s big problems: Stelmach
Fort McMurray Today -
Fort McMurray,Alberta,Canada
The province should spend $45 million for 600 affordable
housing in developments north of town, plus $1 million a
year for three years on rent subsidies for ...
Housing
crunch hurts disadvantaged, task force hears
Edmonton Journal
(subscription) - Edmonton,Alberta,Canada EDMONTON - Bernadette Thomas has one simple request:
She needs a safe, affordable place to live. "I'm
spending 60 per cent of my income on rent. ...
Storage
space scarce during building spree
Edmonton Journal
(subscription) - Edmonton,Alberta,Canada
Ed DePrato, Theissen's south Edmonton real estate
agent, has noticed the delays. DePrato says some of his
clients have sold their homes only to learn that ...
Affordability,
availability
Alberta Daily Herald
Tribune (subscription) - Grande Prairie,Alberta,Canada
A City of Grande Prairie planner considers it a little
ironic another large rent increase could mean the
city loses him as one of the many people capable of ...
Police
Officer Landlord Called 'Slumlord'
Boston Channel.com -
Boston,MA,USA
The landlord is Frank Garcia, a 13-year-veteran of
the Boston Police Department. Garcia is a patrolman who
works the midnight shift in the same Dorchester ...
Are
Renters Being Left Behind? It Depends on Location, Location ...
University of British
Columbia - Vancouver,BC,Canada
“It’s not that renters cannot build wealth similar to
that of owners,” says Tsur Somerville, the study’s lead
author and Sauder’s Real Estate Foundation of
Source:
Boardwalk Real Estate Investment Trust
Yahoo! News (press
release) - USA
Boardwalk REIT is an open-ended real estate
investment trust formed to acquire all of the assets and
undertakings of Boardwalk Equities Inc. Boardwalk ...
Judge
temporarily closes troubled hotel
News 14 Charlotte -
Charlotte,NC,USA
Jerry Miller, who will be defending the hotel's Edmonton-based
co-owners in court, argued Star Choice was made out to be a
scapegoat and that management ...
Real
estate prices rise 11.2% in year
CBC.ca -
Calgary,Alberta,Canada
The average selling price in Canada's major markets last
month was $299318, according to MLS data from the Canadian Real
Estate Association. ...
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...
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. ...
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 ...
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, ...
Meth
bust expensive headache for landlord
Sandusky Register -
Sandusky,OH,USA
What if it was another landlord with the big bill and
he doesn't know he's responsible?" That the upstairs
apartment had a separate heating and cooling ...
Top
10 Common Landlord Mistakes and Blunders
Basta Pinoy! - Boca
Raton,FL,USA
In addition, such mistakes often gave rise to private claims
against the landlord or valid defenses in the
eviction process. ...
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