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.
Our
topic this month will be:
Open
Floor for all Members
Your
best real estate deal
Your
most creative financing ideas
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
August 14, 2007
Les opened the meeting at
7:05 with the introduction of new guests. House prices have
leveled off with an inventory of 8000 units. Treasurer’s
report was given by Lillian. Landlords need to pay decimal 3
% interest for 2007 on damage deposits. It is now a buyers
market and people are upgrading. The vacancy rate is very
low at .5% in the west end. Our guest speaker was Steven
Dollansky, the V.P external from the U. of A. on the
challenges of finding accommodation for all the students.
Les explained that the mayor
is powerless to prevent condo conversions. 5000 were changed
this year in Edmonton.
Remember to have your tenant
buy tenant insurance.
Second Guest speaker was
Simon Kathrein.
He has specialized in
Joint ventures, and gave us detailed information on these.
Remember to bring books for
the draw at the end of the meeting.
Katherine Callfas
A Special Gift For You!
Every
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the right time. So,
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First, this is the perfect event at the perfect time.
As you will discover at WealthQuest 2007™,
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if you are one of the first 27 clients or friends of mine to
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first 17 people are registered).
WealthQuest
2007™ is in Edmonton on Tuesday, September 25th
from 8:00 am to 6:00 pm.
Click on the link below to get all the details.
Space is limited so I urge you to reserve your seats
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TODAY!
This months Real Estate News Articles
And Links
Home
sellers slashing prices
Edmonton Sun - Alberta,
Canada
And new figures from the Edmonton Real Estate Board
show the vast majority of sellers are now getting less than
they're asking for – a stark contrast to the ...
City
realtor's selling gimmick has price going down
Edmonton Sun - Alberta,
Canada
July figures from the Edmonton Real Estate Board show
the total number of property listings reached an all-time
record high of 8183 homes. ...
Loopholes
push tenants out of condo converts
But there is no cap on rent increases, which
can drive away tenants, and there's nothing ...
a consultant at Edmonton's Landlord and Tenant
Advisory Board. ...
Vancouver
living in luxury's lap
Vancouver Province -
Vancouver,British Columbia,Canada
The strong market for luxury property echoes the overall
resale market, which is on pace for a record year, according
to the Canadian Real Estate ..
Tossed
out ... and it's not even their default
Sydney Morning Herald -
Sydney,New South Wales,Australia
They felt secure in the knowledge that their landlord
lived above them but two weeks later were served with a
sheriff's letter, which gave them 11 days to ...
Broken
Air Conditioning Is No Justification for Withholding Rent
Washington Post - United
States
If you have AC in your unit, it must be maintained by the landlord
because that is a feature you are paying for in the rent. The landlord
has a duty to fix
Edmonton
Neighbourhoods: Lewis Estates
By Sara MacLennan
There are also some adult condominium style duplexes and some
lowrise apartment style condominiums as well. Map.
Lewis Estates was incorporated in 1990 and is located on the
western edge of Edmonton. Its boundaries are Stony
Plain Road ...
Help!
By Edmonton(Edmonton)
What I'm concerned about is, firstly, the fact that he comes
down into the apartment all the time (several times a
week), and will leave messages on our white board, ordering us
to do the dishes, clean the living room, etc. ...
HOUSING
CODE VIOLATIONS 'Atrocious' Conditions in NW Lead to ...
Washington Post - United
States
By Sylvia Moreno DC officials filed a criminal complaint
yesterday alleging 2861 housing code violations against a landlord
whose dilapidated Columbia ...
Landlord
accused in fraud, theft case
Indianapolis Star -
United States
In 2003, Pacific Group appeared on Mayor Bart Peterson's list
of the 10 worst Indianapolis landlords. While flipping
a house is no crime, it can raise home ...
Landlord
"Ripped Off"
Central Illinois Proud -
Peoria-Bloomington,IL,USA
In this case, the landlord isn't the one wearing the
black hat. The same laws which protect tenants can hamstring
an honest landlord. ...
Renting
apartment could lead to identity theft
Boston Globe - United
States
The landlord will also have my credit report. All of
this information could easily be used to steal my identity.
What recourse do I have to this risky ...
Trickle-down
recession
PopMatters -
Chicago,IL,USA
This morning, NPR had an item about the impact of the subprime-mortgage
crisis on which real-estate experts were
complaining that the pendulum has swung too ...
Housing
Bust Lessons From the Great Depression:
The Market Oracle -
London,UK
There is no longer a debate regarding the once fabled housing bubble.
We can all take off our tinfoil hats off and begin to
construct a vision of the future
Japanese
real estate
Financial Times -
London,England,UK
The head of Daiwa House said he "wouldn't be surprised if
the real estate bubble goes bust". Residential
landlords are certainly feeling the squeeze. .
Alberta
upstart pitches nuclear power
Globe and Mail - Canada
The proposed site is near Peace River in northwestern Alberta,
about 500 kilometres from Edmonton. Mr. Henuset, who
has worked in oil drilling, real estate ...
Housing
starts down but sales remain strong
Langley Times - BC,
Canada
... with double-digit gains forecast for Edmonton,
Calgary, Winnipeg and Regina, according to a report released
last month by Royal LePage Real Estate ...
Housing
woes affect reality shows
Variety - USA
Nets like TLC, HGTV and Bravo, which similarly enjoyed the
housing explosion, are now running into the real-life
dramas among homeowners and real estate ...
There's
No Stopping Canada's Housing Market
Realty Times - TX,USA
This week the Canadian Real Estate Association (CREA)
predicted that national home sales will rise to
8.1 per cent in 2007, setting an all-time sales record ...
Government
of Canada Sells Office Buildings to Better Use ...
Market Wire (press
release) - USA
The nine office buildings are located in six major cities
across Canada: Vancouver, Edmonton, Calgary, Toronto,
Ottawa and Montreal. ...
Where
Should Your Money Be?
HoweStreet.com - Canada
Okay, real estate. How can you go wrong with real
estate? Look, I've speculated in property all over the
world, and it's been very, very good to me.
US
mortgage meltdown
Miami
condo bust
Thanks for
reading our entire newsletter...see you at our next meeting!!!
Copyright
- Edmonton Revenue Property Investors Association 2007
