All Forum Posts by: Anthony Therrien-Bernard

I've seen a large surge of multifamily development deals come up in Alberta over the last 4-5 years. ( for the seasoned investors ) In your  opinions this market - is it too late to start getting into development while there are easing of zoning restrictions and more options for cmhc financing? Im considering to start up in Saskatchewan Canada - Have land under contract for a 20 unit- but am curious to local opinions for those who have done it prior. 

@Anthony Therrien-Bernard : which website? for quick mortgage calc and buy and hold spreadsheet?

Hi everyone, my partner and I are renting right now and looking to start our landlord journey. We're based in Calgary, where there’s a lot of pre-construction happening, and we’re aiming to buy a pre-con property as our primary residence.

As a first-time homebuyer, I’m weighing two options: 

1. Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).
2. Pre-construction homes, which could build $50-60K in equity within a year or two.

I can afford a 20% down payment, but I’m torn between focusing on equity (pre-con) or cash flow (resale). My goal is to build my portfolio over time and secure a stable primary residence. 

For those of you who have been in a similar position, what do you think makes the most sense? Would love to hear your thoughts!

Hello from Calgary, Albertan. I am a New member to this platform but, long time listener of BP podcast. I am looking for Canadian Rental Deal Analysis Calculator. Is there anyone who can guide me on it? 

 Looking forward to get add into the Canadian groups as well..

@Rafael Valdor 

You’re absolutely right to prioritize tenant screening—it's one of the most critical aspects of protecting your investment. As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.

Here’s why working with a professional PM is worth it:

1. Screening Expertise:
   Fraud in tenant applications is more common than many realize. Fake income documents are easily purchased online, and inexperienced screeners often miss red flags. Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy. This level of scrutiny drastically reduces the risk of renting to unreliable tenants.
2. Realtors vs. Property Managers:
   While realtors are great at buying and selling homes, most aren’t trained in the intricacies of tenant screening. Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.
3. Protecting Your Investment:
   The cost of a bad tenant can be far greater than the cost of hiring a professional. Late payments, property damage, and evictions are avoidable when you have a PM who knows how to find reliable renters.

I encourage you to seek out a property management company that emphasizes tenant screening and uses modern tools for verification. With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.

Good luck with your search! Feel free to ask if you’d like more tips on what to look for in a PM.

 Thanks @Anthony Therrien-Bernard, here's the listing: https://www.rentfaster.ca/596877
I've seen similar properties listed for 2.2K-2.6K.
Any red flags on my listing? Also, any recommended PM's in Calgary?

hi fellow investors,

I want to rent out my townhouse in Calgary, but haven't had much luck with it on Rentfaster and Zillow.

Just a couple of tire kickers so far.

I reached out to a few Realtors (just for tenant placement) and got crickets...

So I'm going to reach out to PM's next, but I was reluctant to do it since all I hear are horror stories.

Any suggestions for half decent PM's or realtors who specialize in residential leasing?

Cheers!