Recent content by PrimeReed

At 3.2% gross, the problem is that every ordinary expense matters. Property tax and insurance deserve actual property-specific figures, not broad estimates. If this is a flat with HOA dues, include those as well and examine what they do and do not cover. After management, vacancy and...

The floor plan may be the deciding item. A very large 1-bed can attract a narrower buyer pool unless there is a realistic route to a second bedroom. I’d ask for the completed comparable’s closing date, floor plan, floor level, parking and outdoor-space details, then compare its condo fee and tax...

The description gives a useful sense of the skills sought, but applicants still cannot judge the scope. I’d suggest adding salary range, employment basis, expected working location, reporting line, team size, typical transaction load, software used and travel expectations. A short outline of...

I agree the sample needs defining, although I wouldn’t discard the figures while that is sorted out. They can still be directional if every monthly update uses the same method. My bigger concern is the -7.9%: is that a change in asking prices across the sample, or the average reduction on...

Eleven months gives you C$46,486 annually, or about 5.4% of the purchase price before any operating costs. I’d obtain the actual property-tax figures and a property-specific insurance quote rather than estimating either. Then stress-test one major repair occurring alongside turnover. At this...

A 4.6% gross yield is not enough to set a universal minimum net return. The right threshold changes with financing costs, liquidity, other investment options and the workload created by operating a serviced apartment. What would concern me is committing $1,045,000 before verifying the building...

Build a small table rather than relying on the headline average: original ask, current ask, reduction dates, days active, withdrawn or relisted status, service charges, condition and eventual sale price. Even a short list should reveal whether discounts are happening at closing or being...

You have already identified who handles the roof, exterior and insurance as the key documents to check. What remains unclear is whether either ownership structure actually gives you control over the expensive work. The townhouse is not automatically the riskier choice. A condo association could...

Give the preferred firm a short written scenario before appointing them: access is delayed, a serious issue is found, and your response deadline is approaching. Ask who calls whom, how quickly preliminary findings are issued, what costs extra, and what happens if they cannot complete the agreed...