Real Estate Archives - Page 8 of 9 - The Outlier Model

Mortgage transfer to TD Bank

Mortgage transfer, mortgage, real estate, property

Brian / November 10th, 2011 / 1 Comment

Over the last month, we’ve been going through the process of transferring our mortgage from Vancity to TD Bank. Our five year term with Vancity is not due until 2015, and we pay three months interest in penalty to Vancity for breaking the terms of our mortgage. Why are we doing it? TD was able to offer us a rate that was 0.85% lower than Vancity. When you’re talking about a mortgage worth...

Posted in: Money, Real Estate Tagged with: Lower rate mortgage, paying off your mortgage, saving money, switching mortgage, TD mortgage, Vancity Credit Union

Landlord tips: Extending the lease

Brian / July 28th, 2011 / 2 Comments

Good news! CF and I found out late last week that our tenants have agreed to sign on for another full year. This is great news and ensures that we won’t have to go through the process of finding new tenants for at least another year. Photo Credit: Jess and Colin (http://www.flickr.com/photos/jessandcolin/2362586545/) Offer another full year As a tenant, when my initial year lease has ended,...

Posted in: Home, Real Estate Tagged with: maintenance, moving to save money, renewing your tenants, Rental propery

Becoming a landlord: Maintenance

house maintenance, Becoming a landlord, landlord duties, landlord responsibilities, rental property, rental maintenance

CF / May 25th, 2011 / 3 Comments

After you get a tenant for your rental property it’s time to sit back and rake in the cash right? Um, NO! Rental properties require a lot of work! This work doesn’t end after you get a tenant. It just changes into different sorts of work. As a landlord, you need to remain proactive and vigilant. Original by Christian Schuit at http://www.flickr.com/photos/christianschuit/4592831096/ Maintenance...

Posted in: Real Estate Tagged with: condo, investment property, maintenance, real estate, renovations, rental, renting a condo

Becoming a landlord: Getting a tenant

house, settled in, choose the location, home, mortgage options, Getting a tenant, landlord, landlord responsibilities, renting

CF / May 12th, 2011 / 9 Comments

Brian and I became landlords a little while after purchasing a condo. For us, it was a good decision because renting the condo (1) Makes us money and (2) Allows us to live in an area of the city we like better. It’s not easy to decide to become a landlord, and it is even more work after you make the decision. Here’s how we found our first tenant. Original by Moyen Brenn at...

Posted in: Real Estate Tagged with: landlord, rental, renting a condo, tenants