All Forum Posts by: Edward Rueca

@Cameron tope I have a few reasons for switching. Manager has failed to find me quality tenants. I own two duplexes with four tenants and only one tenant has paid on time with no issues. Currently in the middle of LTB hearing for two separate tenants. I had to remind him to send notice for missed rent payments. I have a few more reasons but all signs point to switching management I think.

Anyone care to share bad/good experience with switching property management companies?

I own a duplex in Windsor, Ontario and I'm looking into switching management. Im supposed to give my manager 2 months notice if I intend to part ways but I'm a bit hesitant. He's sent notice to the LTB because one of my tenants is currently 2 months behind on rent. Should I wait for this to clear up before switching? 

@Hai Loc There's still property there priced below the 200k mark which is within the price range i'm looking for. I was originally aiming for London but deciding to test the waters in Brantford since it's closer to home.

Can anyone recommend an investor friendly real estate agent that covers the Brantford ON community? 

Wondering what you guys think about 3 person partnerships for real estate investing. More specifically, could it make financial sense when it comes to purchasing properties such as SFRs,Duplexes and Triplexes?

Whats your take, did you incorporate or invest personally? Pros and cons?

@Oren K. Thanks for the insight! I'll definitely be speaking to an accountant/lawyer. Just trying to get a vibe on what some other investors might do in my situation. 

Just FYI, the property is in both our names. 

Hey @Jacob Perez your absolutely right! You'll definitely hear from me in the near future, thanks!

@Roy N. @Michael Fedun So my partner is actually my sister-in-laws husband, who also lives in one of the units. Does that mean that I would only pay capital gains on 1/3 of the property since they are family?

Appreciate the responses guys!