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How Much Can I Rent My Condo For
The easy answer is “whatever a tenant is willing to pay.” That answer though makes it difficult as an owner to predict the average rent that can be charged over a period of 5 or 10 years, and thereby...
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Owners Throw Hissy Fit Regarding Tenants with Mental Illness
There is an awesome line I once heard – “if you have to spend time explaining what you aren’t, you likely are”. Hence the snicker I had when I read the statement from Michael McMahon of the Admiral...
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Toronto and Singapore Experience the Shoebox Condo
Some trends cover the world, but the underlying reasons may be different. For example, Singapore and Toronto both are experiencing a surge in shoebox condos (500 sqf or less) but for significantly...
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Toronto Condo Sales Are Freaking Insane – Still Think it is Speculation Driven
Toronto is Hot Hot Hot baby! The National Post is reporting – for only January through August 2011 – 18,055 new (NEW) condo units were purchased for $8.1 billion. That’s about $449,000/unit. Like I...
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Board Insanity Stories #98457892374 – Only Allowing Rentals to “Families”
I’m not sure I want to even start with guessing what the definition of a family is – blood relationships, marriage, are adopted children ok, how about a two person same sex union, or one lady and...
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Patchogue Village Board Completely Wrong in Believing Rental Units Reduce...
On Monday, the Patchogue Village Board unanimously under ignorance, denied an owner the right to rent their unit. The trustee that tabled the motion – Gerard Crean believed it would help protect...
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$8.7 Million for a Condo You Can Only Live In 120 Days a Year
I almost get the math that would justify the purchase of a hotel condominium listed at Trump Soho (warning: the hotel website has music) for just over $8.7 million. As a hotel condo, you are allowed to...
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