http://news.therecord.com/article/522515
Waterloo financial office locked by landlord for nonpayment of rent
Millionaire in You owner also runs shuttered Jakobstettel Inn
The headquarters for the Millionaire in You Wealth Institute run by Daniel P. Reeve has been taken back by the landlord for nonpayment of rent.
Mat Wolf, a principal in Solowave Investments, the landlord for the property at 423 King St. N., said his company changed the locks and took back the premises on Thursday.
He said Solowave tried for weeks to meet with Reeve in an effort to make arrangements to get "a few months" of back rent owed, but each meeting was deferred by Reeve.
"We have had no success in actually meeting with him and we went through a process of making a formal demand for the rent arrears," he said.
Reeve is also the president of Jakobstettel Properties Inc., which ran Jakobstettel Inn in St. Jacobs until its sudden closing earlier this month.
The inn property on Isabella Street is in power of sale proceedings because of defaults on the mortgage.
Wednesday, May 13, 2009
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