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hud 91gt 08-09-2023 01:56 PM

Quote:

Originally Posted by yray (Post 9106043)
anyone installed a hot water tank recently? how much did it cost you?

$1502. Electric 40gallon. Milano plumbing. Last week.

snowball 08-09-2023 02:39 PM

Quote:

Originally Posted by van_driver (Post 9106035)
which Lorex cams did you have?

How is the app? I used a friends app a couple months ago and the playback wouldn't work

I used the older discontinued models before FLIR sold them. Don't know about the new stuff but their app sucks ass. Good system if you want security with a hard drive that you can dedicate a monitor/TV to but terrible if you want to control/playback from your phone.

Hondaracer 08-09-2023 02:56 PM

My current system is a Lorex system approx 6 years old

As mentioned above, their app and support is fucking brutallll bordering on non-existent

The hardware is fine, my system has worked 100% with zero downtime since day one. However, there was a period of over a year where the app did not work period. They seem to try and use different apps for different systems so there was a period where they transitioned to the new app for my system and for an entire year I could not get playback on my phone or any device not hardwired into the system

For that reason alone I’d likely never buy Lorex again despite being very reliable hardware wise

JDMDreams 08-09-2023 03:37 PM

$3.8 for that bby house doesn't seem bad considering you're getting a townhouse with that narrow ass drive way on main Street with all the hobos for $3

Alpine 08-09-2023 06:19 PM

Quote:

Originally Posted by Gerbs (Post 9106002)
I'm thinking about starting the convo to ask momma for help lol. Sell her house and divide into 2 detached house downpayments for me and my bro + both sell condos to upgrade. Then she can have a room in each house. We'll both carry the $1M+ Difference @ $6-8k/month with hopefully slumlord basement rental income :badpokerface:

Just leverage the potential grandkids to make it happen lol.

My mom gave my sister and I our early inheritance to help with our DP since she understood that the $ would be more beneficial to us now than in 20 years when we are in our 50s and our kids are in their 20s.

Gerbs 08-10-2023 10:50 AM

Quote:

Originally Posted by Alpine (Post 9106091)
Just leverage the potential grandkids to make it happen lol.

My mom gave my sister and I our early inheritance to help with our DP since she understood that the $ would be more beneficial to us now than in 20 years when we are in our 50s and our kids are in their 20s.

She has 0 money aside from house though. So it'd have to be a sale, which I imagine a really really tough thing to do. Since it's the first home.

Alpine 08-10-2023 11:09 PM

https://globalnews.ca/news/9886038/v...s-regulations/

$18k a month? I call BS lol.

whitev70r 08-11-2023 06:45 AM

^ So it's the social economy model of AirBnB capitalizing on the housing crisis. There was a short piece on this on the CBC National a couple of days ago. People are taking their units off long-term rental and moving to the AirBnB model and bringing in 2-3X (depending on unit).

68style 08-11-2023 08:50 AM

Quote:

Originally Posted by Alpine (Post 9106175)

You would be correct not to believe a single word out of Layla Yang's mouth, she'd stab her own mother for a buck.

carsncars 08-11-2023 09:44 AM

Anyone have experience/advice on switching home insurance to unoccupied for 2-3 months?

I'm with TD right now. Current tenant is moving out. I'm moving back to Vancouver in December. I'll have parents check in a couple times a week but as far as I understand that will still mean it's unoccupied. I'm not sure finding a short-term tenant is worth the risk vs. the 2-3 months rent it will net me.

EvoFire 08-11-2023 09:46 AM

18k for two units MAY be stretching it a little, but I can see why it's happening.

A friend of mine just bought a unit as an investment property. He said he can do long term rental and be $500 from break even every month, or do airbnb and be about 2-300 above.

Couple that with rental laws that currently favour the renter rather than landlord, and rents that are climbing extremely fast and outstripping what you can raise, going long term means you bind yourself to a potentially money losing contract with more rate increases coming.

I wouldn't personally go invest in RE right now as it's volatile as hell and the stock market or even funds will beat RE in ROI, but for those who do, it's hard to not do it.

EvoFire 08-11-2023 09:48 AM

Quote:

Originally Posted by carsncars (Post 9106193)
Anyone have experience/advice on switching home insurance to unoccupied for 2-3 months?

I'm with TD right now. Current tenant is moving out. I'm moving back to Vancouver in December. I'll have parents check in a couple times a week but as far as I understand that will still mean it's unoccupied. I'm not sure finding a short-term tenant is worth the risk vs. the 2-3 months rent it will net me.

When we bought our house it was being renovated for about 5 months after possession and unoccupied. We had to change our insurance to match it otherwise if something happened insurance will not payout. The insurance was $4500 instead of $3500 a year.

You have to declare that it's unoccupied otherwise insurance is void.

yray 08-11-2023 10:50 AM

Quote:

Originally Posted by Alpine (Post 9106175)

neighbors vacay home /airbnb

900 a night for upstairs (2 story 3 bedroom)

basement has 2 unit x 1 bed units at 150/night

:lol

makes me want to bnb my basement instead of renting it out for 2k a month

JDMDreams 08-11-2023 02:25 PM

Who's paying $900 a night for 3 beds :fulloffuck::pokerface: unless it's some mansion? That's still more than hotel rooms and you have to deal with all the BNB clean up fees and shit

westopher 08-11-2023 02:26 PM

Hotels right now in Van are like $650-700 a night starting. Cheapest my mom could get in north van was like $600 a night and that's in September. It's fucking wild. Tourism here is bangin.

sonick 08-11-2023 02:38 PM

Quote:

Originally Posted by westopher (Post 9106233)
Hotels right now in Van are like $650-700 a night starting. Cheapest my mom could get in north van was like $600 a night and that's in September. It's fucking wild. Tourism here is bangin.

Why would anybody spend that much to visit this shithole, amirite Honda?

yray 08-11-2023 02:39 PM

Quote:

Originally Posted by JDMDreams (Post 9106232)
Who's paying $900 a night for 3 beds :fulloffuck::pokerface: unless it's some mansion? That's still more than hotel rooms and you have to deal with all the BNB clean up fees and shit

jokes on you, just looked up the place on airbnb

its 1.4k per night for the whole house upstairs and basement for summer 2024 :lawl:

underscore 08-11-2023 02:40 PM

I paid $230 for a night in a hotel in Burnaby (I think the neighborhood is called Brentwood?) in June. Google says most hotels downtown are $250-380 atm.

westopher 08-11-2023 02:43 PM

Cheapest I found downtown on Expedia for next weekend is $440 a night before taxes.

underscore 08-11-2023 02:54 PM

I've had bad experiences with Expedia so I stopped using them. Just now they tried to tell me Gibsons was in downtown Van lol.

But without really trying here's the Sandman downtown for $400/night next weekend https://reservations.sandmanhotels.c...mmodation/room

JDMDreams 08-11-2023 03:00 PM

I guess time to evict renters then, even if you have to pay strata penalty it's worth it then??? Profit

whitev70r 08-11-2023 03:22 PM

holy cow ... Sandman for like $400/nt ??!!

carsncars 08-11-2023 05:52 PM

Quote:

Originally Posted by EvoFire (Post 9106196)
When we bought our house it was being renovated for about 5 months after possession and unoccupied. We had to change our insurance to match it otherwise if something happened insurance will not payout. The insurance was $4500 instead of $3500 a year.

You have to declare that it's unoccupied otherwise insurance is void.

That's not so bad of a difference, esp. assuming they can prorate it for the 3 months. 100% I will be changing the insurance to ensure adequate coverage. I've heard that TD doesn't do unoccupied insurance though - will have to talk to them...

Badhobz 08-11-2023 06:50 PM

Anyone have any recommendations for movers ? I used salmon last time for my parents when their apartment was renovated but they were exactly cheap. Like 900 sqft place cost over 6 grand to move / store / move back.

No need for storage they can just shove it right into the new place.

beatdownvictim 08-11-2023 08:20 PM

Quote:

Originally Posted by Badhobz (Post 9106269)
Anyone have any recommendations for movers ? I used salmon last time for my parents when their apartment was renovated but they were exactly cheap. Like 900 sqft place cost over 6 grand to move / store / move back.

No need for storage they can just shove it right into the new place.

I used some chinese guys, 3 guys 150/hour done in 3 hours for my move. Faster then i thought but their damn truck was small..luckily i moved a lot of stuff in a pods container


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