All Forum Posts by: Maxime Tremblay

There is no correlation between rent and fixed costs. i dont know anyone who would use that as a rule of thumb without getting actual figures.

 Soooo true. the larger companies will have people they can sell to without hitting the market in many areas

December/January/February is the crappiest month to have a vacancy in my market. And a high end unit in those months = worse. Hang in there. Make sure to hit every place you can think of to advertise (zillow, etc) and keep thinking of new ways to advertise. Try to find a realtor that deals with relocations a lot and mention your unit.

i guess none of this is final yet, but it would be brutal not to be able to deduct property taxes. Have you read about the accelerated depreciation schedule and if it will be applicable to purchases after enacting of the bill? Current depreciation schedule is 27.5 years 

It isnt very clear to me how the changes will affect deduction of rental property property taxes. Since my LLC's are flow through, does it mean each LLC will get to deduct it's property taxes up to 24k and it sends the next profit or loss as a flow-through?

This is a very interesting topic. I got into the RE rental market a few years ago.

I made one mistake on a cheap property with great cash flow in a decent area. The downside is that it's ugly and poorly built but in an otherwise good area. It sucks to show and I see quality tenants repulsed by it. I'll never do it again. All my other rentals are quality. Basically the first qualified tenants always take them. I've had to turn down lots of unqualified tenants through the years. It's a good position to be in. This is the first property Im seriously considering selling because of how bad it is to show and how much time it wastes. 

My rule now is: would my wife live there ? It truly works. 

A Lot of people have said it but it's worth repeating. Your time is worth a lot. Don't waste it on a poor quality property.