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Recent content by James Maggs

  1. James Maggs

    First time at LTB (Ontario) - any tips?

    For anyone interested in the outcome - tenants wanted mediation as they knew they really had no excuses. They agreed to a series of make up payments over the next month to catch up in time for April. Payments included the NSF fee, filing fee, and back rent. They did include the "section 78"...
  2. James Maggs

    First time at LTB (Ontario) - any tips?

    Lots to comment on, but first off an N4 was filed for every single late payment/bounced cheque. Tenants paid rent (and NSF/Admin fee) before the 14 day limit in every case except this last one where the L1 was filed. They are actually only behind one month's rent. And they are in agreement...
  3. James Maggs

    First time at LTB (Ontario) - any tips?

    Have the hearing next week. It's more a formality than anything as the tenants have made multiple smaller payments towards the outstanding rent since the hearing was scheduled, and are close to being caught up, but I want it on record that they are behind and have a history of late payment (7...
  4. James Maggs

    Compensating tenants for furnace breakdown

    I haven`t done this myself personally, but I`m sure a 50$ gift card for groceries or something would be appropriate. Anything less seems unsubstantial, even though it doesn`t sound like there was a major impact to the tenants. I`m no lawyer, but I cannot see how you would be legally...
  5. James Maggs

    Triplex - To add separate furnaces or not.

    Thanks, I hadn`t thought of the electrical requirements. ill make sure to ask when i have the quotes done! All 3 stoves are gas, so that should help.
  6. James Maggs

    Triplex - To add separate furnaces or not.

    @ MikeMcC874 - Doesn`t it make sense to have the tenants pay their own heat? Sure you could include it in the price of the rent, but i really doubt you`re going to recover all your costs, especially if the house is older with poor windows and insulation. In my situation, I would have to charge...
  7. James Maggs

    Triplex - To add separate furnaces or not.

    QUOTE (cooldennis @ Jan 3 2010, 06:21 PM) Personally, I would pay the main gas meter, and put a lock box over the thermostat. Your rent prices should reflect the fact that heat is included in the price. I too do not like paying gas or hydro for tenants as it often leads to misuse, overuse or...
  8. James Maggs

    Triplex - To add separate furnaces or not.

    I`ve just recently purchased a triplex which is set to close in a few months. The place currently has 3 separate gas meters, but there is only one furnace fed by the meter for the main floor unit. The other two meters feed gas stoves in the other two units. Currently the owner pays all 3...
  9. James Maggs

    Hamilton Master Mind Meeting

    Hi there, I would love to attend the next meeting! James Maggs Real Estate Investor Maggs Real Estate Investments jmaggs@bell.net
  10. James Maggs

    Whitby Broolin - Agents and Property Mgrs

    Try Terry Annis. He is an investor himself and mainly deals with property in the Whitby area. http://www.johnannis.com/
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