If you’ve taken my Money Machine seminars, read my articles or listened to me speak you’ll know that I am passionate about building a real estate investment portfolio that will provide a substantial passive income stream into retirement. Buy one property a year. Never amortize for more than 15 years. Never sell. Simple. And proven. It works.

In the event of injury or illness, you might lose the ability to make decisions for yourself. These decisions can involve the signing legal documents, for example if you have agreed to buy or sell a home, or it can relate to healthcare treatment, such as undergoing surgery or withdrawing life-sustaining procedures.

They say in real estate that if you want to get busy, plan a holiday and if you want it to rain, plan a party. That maybe sounds a little pessimistic and it may not always be true, but that was the case for the retirement party we scheduled on Thursday September 9, 2021 for our beloved manager Phyllis Gleeson. Held between 2 and 5 p.m. the skies opened up at precisely 2:00 p.m. and it rained pretty much through to the end.

GET THE SCOOP ON RENTAL PROPERTIES

For those of us who are residential landlords or for those aspiring to be there is a relatively new piece of legislation that we need to be aware of. It’s called the “Protecting Tenants and Strengthening Community Housing Act 2020”. Its effects are quite far-reaching. It makes amendments to the Residential Tenancies Act 2006, the Housing Services Act 2011, and The Building Code 1992 and it replaces the Ontario Mortgage and Housing Corporation Act.