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.  

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Our guest speakers this month will be: 

Terry 

From Basement Systems Edmonton Inc.

They have been in business since 1996, and are part of a huge franchise. Their greatest supporter is Shell Busy www.housesmartcentre.com and in the United States Bob Villa. 

They have several rental management companies that they work for: Boardwalk, Midwest, KDM Property Management, Laidley Property Management, Amethyst Condo Management, Burk Management and Realty Inc., Heritage Estates Condo Association, Wilton Court Condo Association, and many others over the past 12 years. They have also done many jobs with the Alberta Seniors Citizens Housing Association for all their needs in their Seniors Nursing Homes in the surrounding Edmonton area, the Parkland School Board Division, and AB Government Museum. 

They repair residential and commercial foundation water penetration problems. 

• Leaking Basements

• Wall Cracks

• Elevator Pits

• Parkades

• Crawlspaces

• Underground Vaults

• Manholes

• Pipe Penetrations

• Honeycombed Concrete

• Cold Joints

• Wall Anchors

• Trench Drain

Basement Systems Edmonton are certified applicators of these top quality products: Watergaurd, Dry Trak, Sump Pumps, Cosella, Dorken, Zoeller, De Neef, Vandex, Mapei, Evercrete, and many more. 

What You Get: Written Estimates, Written Warranties, Technical Support, Licensed and Insured, WCB covered, References.

Basement Systems Edmonton Inc

12030 - Fort Road. Edmonton, AB T5B 4H1

Tel: (780) 474-8099 / Fax: (780) 477-8699

www.basementsystems.com

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OUR SECOND GUEST SPEAKER WILL BE

JOHN SU

From Imperial Investment Realty

 

John Su
8734 Yellowhead Trail
Edmonton, Alberta, Canada.
T5B 1G1
780-504-7016 cell
780-410-1799 fax
www.imperialinvestmentrealty .com

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           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. 

HIGHLIGHTS FROM OUR LAST MEETING

Edmonton Revenue Property Investors Association

      Feb 12, 2008

 Karen opened the meeting with the advice to use Residential Dispute Services., for non payment of rent, and any other lease violations. Do not use the 14 day notice any longer. The RDS office is located on the 17^th floor of the TD Tower.  Les explained that we are a non profit organization, and any extra money goes to door prizes. Les had all guests introduce themselves. The minutes were read followed by the treasurers report.  Prices in Saskatoon were up 45% in 2007, and they were up by 21% in Edmonton and just 6% in Calgary last year. Nationally prices rose by 6% last year.

 You may want to visit the web site, www.thetenantlist.com if you are renting. It has a list of bad bullies and gun toting druggies that you would be better to avoid. Apparently the Edmonton Police Service also has a website list of drug users.

Our first guest speaker was Robert Plant of SERV-IT process and Bailiff Services. They can assist landlords in all the steps required to evict a tenant, and obtain possessions by seizure if they have anything of value. Use the Residential Dispute Services first, then Serv-it can take it the next step.

Les suggested anyone can post free ads on his website  BUY/SELL/ RENT/ADS  He charges a fee for his Rentex site now. After our Buy/sell infomercials, our second guest speaker was introduced. David Parker is in commercial real estate with RE Max, and he sells multi family units. He gave us handouts. Prices are stagnant at present. Their website is www.remaxcomm.ca

Our third guest speaker was Ken Sethi and he specializes in raw land development. It is divided, serviced and sold to builders. Sethi works as a mortgage specialist with CENTUM, at  The mortgage shop. He puts mortgages on raw land, multi family units and builders projects. His cash flow properties include strip malls, shopping plazas, apartment buildings and condo conversions,  often with rates below the banks.

Numerous door prizes were given out at the end of the meeting.

Katherine Callfas

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USA HOUSE PRICE DATA REPRESENTED BY A ROLLERCOASTER RIDE

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LETTERS FROM OUR MAILBAG

Les,
My name is Tyler Hanson and I just spoke with you on the phone about joining your real estate meetings and start networking with like minded people such as your self.  It is not about what you know but who you know, I look forward to meeting you and developing a long term business relationship.
Please e-mail the locations of upcoming meetings.
 
Thanks Tyler

Hi Les,

 

Can you put me on your newsletter mailing list.  Can you also let me know when your next meeting is.

Thanks Van

Hi Les,

It was good to meet you at the meeting. It was interesting to discuss domain parking with you. Thanks for sharing. I would like to be added to your list so I can learn about upcoming events. Hope you are having a great day.

Best, Tina

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This months Real Estate News Articles And Links

Accurately screening tenants is difficult. Conventional sources for tenant screening simply can’t tell you everything you need to know about a tenant: Like what kind of tenant were they… really? Did they break their lease? Did they leave your apartment trashed when they moved out? Did they call code enforcement on their landlord? These are unknowns that can critically affect a landlord-tenant relationship: Landlords have a right to know the truth, but up until now there’s hasn’t been a way for Landlords to find out the Real story.

www.TheTenantList.com changes all this by telling you the REAL story behind your tenants. “Real” because landlords and property managers just like you – all over the nation – are starting to use www.TheTenantList.com to report their tenants – the good ones as well as the bad; “Real” because for the first time ever, Landlords have the opportunity to share the truth about their tenant in a safe legal format; “Real” because it’s the first database of it’s kind that’s free – so every landlord and property manager can participate.

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THE LADY HOMEBUILDER

Read about Edmonton's very own!!

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Housing market will hold own, forum told
Business Edge - Calgary,Alberta,Canada
Given present conditions and with the Canadian economy remaining "good, but not great," real estate construction, sales and price gains should moderate this ...

Ruth Kelly adds to impressive resume
Edmonton Sun - Alberta, Canada
The incoming chair of the Edmonton Housing Trust Fund is real estate board marketing director Jon Hall. It's quite the responsibility. ...

Scammers targeting renters
Edmonton Sun - Alberta, Canada
Beverly Barnes found that out while perusing a free online site that listed apartments, purportedly in Edmonton. The Loan Star Exchange employee, 

Boarded-up building on Jasper irks mayor
Canada.com - Hamilton,Ontario,Canada
And with downtown real estate values rising, an owner can sit and watch his boarded-up building appreciate, he said. He said some cities have tried placing ...

Are home prices peaking?
CanadianBusiness.com - Toronto,Ontario,Canada
Even banks are admitting that after a decade of unthrottled expansion, Canada’s real estate boom may finally be losing steam. The average price of a home in ...

Housing prices in Edmonton stall
Canada.com - Hamilton,Ontario,Canada
February prices for all types of Edmonton residential real estate averaged $338347, up 1.9 per cent from the previous month. The number of homes for sale on ...

Edmonton Real Estate: Is Alberta Too Hot Right Now?
NuWire Investor - Bellevue,WA,USA
We have written several pieces in the past about investing in Edmonton real estate, but the question remains: how long can the boom last? ...

Know Your Landlord- Tenant Rights
KHON2 - Honolulu,HI,USA
And when City and County inspectors got wind of these overcrowded conditions they cited the landlord, Novelyn Pascua, for the second time. ...

Owners aren't the only ones caught in the mortgage crisis. Renters, like this East Boston family of immigrants, are feeling the fallout, too. THE STORY 
Boston Globe - United States
But it was nothing like this: The landlord was Chinese, she said, and explained that he could no longer afford the mortgage payments and property taxes. ...

Rights of tenants in a house for sale
San Francisco Chronicle - CA, USA
Griswold replies: California law provides that the landlord can apply funds from the tenant's security deposit to address three basic areas - unpaid rent, 

Landlords can keep properties smoke-free
Toronto Star - Ontario, Canada
A decision of the Ontario Landlord and Tenant Board last month underscores the right of a landlord to insert a non-smoking clause in a residential lease, ...

Omaha landlord sentenced to jail for code violations
KPTM-TV - Omaha,NE,USA
(AP) - An Omaha landlord who's been in trouble with the law before has now been sentenced to nearly two years in jail for property code violations. .

 

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

Copyright -  Edmonton Revenue Property Investors Association 2008