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Thread: Alberta Landlord / Tenant Questions / FAQ

  1. #121
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    Quote Originally Posted by pheoxs View Post
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    Talk to a realtor and/or mortgage broker. When I bought my house I only put a few thousand down with the actual offer; the rest of the downpayment wasn't due until the closing date basically. (I think? though that was 5 years ago and maybe I'm mistaking things)

    Assuming you have a fixed date for when the funds are available I don't see why you couldn't get your possession date to be 30 days after that.
    Well my next course of action is talking to someone about the mortgage process. But being new to the home buying world we have no idea how long offers, inspections and paperwork takes to generally complete.

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    Talk to a mortgage broker. Beyond has one, and he's good.
    Make the world a radder place, grow a mullet.
    Public Mobile is the best, just like Phil Collins haggard face.

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  3. #123
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    Quote Originally Posted by ExtraSlow View Post
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    Talk to a mortgage broker. Beyond has one, and he's good.
    Already am

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    The time has come to replace one of the major appliances in our rental. How is that dealt with from an income tax perspective? I am guessing that it is treated as an equipment that will depreciate through a number of years and I can only claim a little bit each year?

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    Quote Originally Posted by cloud7 View Post
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    The time has come to replace one of the major appliances in our rental. How is that dealt with from an income tax perspective? I am guessing that it is treated as an equipment that will depreciate through a number of years and I can only claim a little bit each year?
    Also how does that work if you sell the property before the depreciation cycle is completed?

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    Any tips for weeding potential tenants out? Put my place up for rent as my tenant of 5 years is leaving (absolutely the best tenant I could have had). Have the first two showings tonight.
    Pray lol Theres no real formula for this because my longest and best tenant(almost 10 years) was on paper probably the worst, single mom with bad credit but she was fully upfront with it. My main rule is no multiple room mate situations and i also try to avoid the new BF/GF thing.


    Quote Originally Posted by Mitsu3000gt View Post
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    I'm probably biased because we've been screwed so many times
    Probably? You and your circle of friends and family all have the worst luck in the world
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    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
    If anything we made a better decision because we had a consensus and were all on the same page.

  7. #127
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    Question, when one is renting out a house. What info should a landlord request from a prospective tenant? What do you guys ask for?
    Job references? Are credit checks or bank statements ever asked?

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    Ask for whatever makes you feel comfortable. If they say no, you can back down (hoping that things turn out with this being a good tenant) or you can just turn them away.

  9. #129
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    Quote Originally Posted by tonytiger55 View Post
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    Question, when one is renting out a house. What info should a landlord request from a prospective tenant? What do you guys ask for?
    Job references? Are credit checks or bank statements ever asked?
    I always do the rental and job reference, try to ask as much info from the perspective tenant about the previous rental and when you call the landlord throw some things in there to try and test him to see if he was legit renting to them or if hes just a friend.
    How is the rental market now? are you getting a lot of action?
    Quote Originally Posted by Mitsu3000gt View Post
    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
    If anything we made a better decision because we had a consensus and were all on the same page.

  10. #130
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    Quote Originally Posted by Rocket1k78 View Post
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    I always do the rental and job reference, try to ask as much info from the perspective tenant about the previous rental and when you call the landlord throw some things in there to try and test him to see if he was legit renting to them or if hes just a friend.
    How is the rental market now? are you getting a lot of action?
    Thanks for the replies.
    My gf's mother has a rental. Previous tenants were not great, unpaid for months etc.
    We are in the process of cleaning the place up, doing repairs, replacing flooring etc. We have not even listed anything.
    Neighbours brother would like to rent. Neighbours are renters too and take care of their place. I still would like to follow full due diligence. But its not my property and I have no idea what best practice is on this side of the pond.

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