Documenting my Mexican Vacation & Struggling with a Tenant Issue | Raise Your Rent
Christmas Vacation in Mexico at the Mayan RivieraPhotos from My trip
How To Increase Your Revenue & Decrease Your Expenses | Raise Your Rent
1. Raise Your Rents Check Out These Guidelines: https://youtu.be/lZTiZnOG7zE How To Increase Profitability Of Your Investment PropertyFind A Quality Real Estate Agent
➤ Work with realtors that are "IN" the business ➤ Check out their google reviews ➤ Check references of people they've worked with ➤ Must have knowledge of the local neighborhood ➤ Full time agent versus Part time agent ➤ How much experience do they have? ➤ How are they going to work for you? It's important to become an educated buyer.Why Listing Your Home In December Is A Great Strategy
Christmas is the best time to list your home. ➤ Everybody's away, less competition ➤ Buyers are highly, highly motivated. ➤ Homes are more presentable.Renting Versus Buying
Free Money & Government Grants for First Time Home Buyers
1. The Home Buyer's Plan 2. Land Transfer Tax Refund 3. The First Time Home Buyer Incentive 4. Home Buyer's Amount on line 31270 of your tax returnRent Increase Due To Strong Demand & Lack of Supply | Pro Tip
Double-digit year-over-year rent increases continued to be the norm due to higher borrowing costs for home purchase.More People Are Fleeing Ontario, Where Are They Going? | Pro Tip
A record number of people are leaving Ontario. Where are they going? And why are they leaving?Why NOW Is The Best Time To Upsize Your Home | Pro Tip
Buy a bigger/larger, more expensive home.. watch to find out more. #ProTipWhat Happens To Housing During Recessions | Pro Tip
"Global CEOs see a ‘mild and short’ recession: ↳ More than 8 out of 10 ceos anticipate a recession over the next 12 months "Housing is traditionally one of the first sectors to slow as the economy shifts but is also one of the first to rebound." Mortgage Rates Typically Fall During Recessions: ↳ rates decreased in an attempt to stimulate the economy back up. If you want to buy or sell a home, you can make the best decision by working with a knowledgeable professional that understands how the housing market is impacted by a recession.
😍 ✅ 🎯 Housing Market Update - September 2022 | Pro Tip
The Greater Toronto Area (GTA) housing market continued its adjustment to higher
borrowing costs in September 2022.
Sales for the month reached 5,038, but were down by
44.1
per cent compared to September 2021.
New listings were also down on a year-over-year
basis
by 16.7 per cent to 11,237.
This was the lowest number of new listings reported for the
month of September since 2002.
This is especially troublesome given that the stock of
homes
in the GTA increased markedly over the last 20 years.
😍 ✅ 🎯 How To Choose A Great School Near Your New Home | Pro Tip
Factors to Consider When Buying A Home:
↳ Cost
↳ # of Bedrooms
↳ Layout
↳ Lot size
↳ Square Footage
↳ Neighborhood
Schools Tips To Help You Find The Right School For Your Children:
1. Access Comprehensive School Catchment Information
2. Do Your Homework - Check Online Directories
3. Check Out The Reviews Of The School
4. Scroll Through The School's Social Media Feed
5. Talk To Your Future Neighbors
6. Map Out The Commute
7. Visit The Schools #Schools
😍 ✅ 🎯 Mortgage Trigger Rate | Pro Tip
Everything You Need Know:
↳ A tale of two triggers
↳ What is the trigger rate?
↳ What happens when I reach my trigger rate?
↳ What is the trigger point?
↳ What happens when I reach my trigger point?
↳ What should I do if I'm concerned about reaching my trigger
rate?
↳ What should I do if I'm concerned about reaching my trigger point?
#MortgageTriggerRate
😍 ✅ 🎯 How The Poor & Rich Spend Their Income | Pro Tip
Spending Habits For Poor (Financially Uneducated Person):
↳ Has a Job & Income,
↳ Uses Income to Fund their Expenses
Spending Habits For Rich (Financially Educated Person):
↳ Has Income
↳ Takes Income and Invests It in Cash FLowing Assets
↳ Assets like Real Estate, Business, or Stock Portfolio w/ Monthly
Dividents
↳ Takes the Cash Flow from them and uses it to fund the Expenses #CashFlow
#Dividends
😍 ✅ 🎯 Fall Home Maintenance Tips | Pro Tip
Home Preparation Tips To Help You Be Ready For Fall:
Inspect Gutters
Check For Drafts On Doors & Windows
Have Your Furnace Inspected - Change Filters
Replace Batteries - Smoke & Carbon Monoxide Detectors
Close Exterior Taps, blow out sprinkler or pool lines
😍 ✅ 🎯 Do Not Discuss Your Strategy Inside The Home | Pro Tip
Sellers Are Listening In To Your Conversation: Smart Devices:
Video Camera
Motion Sensors
Ring Door Alarm
Baby Monitors
Hold your cards to your chest.
😍 ✅ 🎯 The Bank Of Canada Increase Interest Rates By 75 Basis Points | Pro Tip
COVID 19
Ongoing Supply Change Disruptions
War on Ukraine
😍 ✅ 🎯 The Useful Life Of The Major Components Of The Home | Pro Tip
Roof
Windows
Air Conditioning
Furnace
Appliances
Foundation ⭐
Bring in specialists ⭐
😍 ✅ 🎯 How To Make An Offer In Today's Market | Pro Tip
😍 ✅ 🎯 Questions You Ask A Realtor Before You Hire Them | Pro Tip
Do Your Due Diligence:
↳ Check Online Reviews
↳ How Many Transactions have they done
😍 ✅ 🎯 How To Add Value To Your Property On A Budget | Pro Tip
Add Value and Convenience: "Smart Factor"
↳ Add Smart Features
⭐ Door Locks
⭐ Thermostats
⭐ Smoke Detectors
⭐ Carbon Monoxide Detectors
⭐ Smart Cameras
⭐ Light Switches
😍 ✅ 🎯 Housing Market Update - July 2022 | Pro Tip
😍 ✅ 🎯 3 Things to Consider If You're Buying an Airbnb | Pro Investor Tips
1) Location, Location, Location
2) Time Management
3) Short Term or Ledium Term Rental
😍 ✅ 🎯 How To Respond To Offers | Pro Investor Tips
1) Accept the offer as presented
2) Decline the offer
3) Negotiate or Work with the offer
Things To Look At When Choosing To Work With The Offer
1. Price
2. Closing Date
3. Conditions On The Offer
😍 ✅ 🎯 Guidelines For Rental Increase For 2023 | Pro Investor Tips
↳ How Much Can You Increase Your Tenants Rent?
↳ How to Calculate the Rent Increase?
↳ Correct Way to Distribute the information.
😍 ✅ 🎯 Housing Market Update - July | Pro Investor Tips
Where we are today and where we are heading.
😍 ✅ 🎯 Summer Maintenance Tips To Keep Your Home In Tip Top Condition
1) Replace furnace filters
2) Measure and grade your soil
3) Fill foundation cracks
4) Clean up mold and mildew
5) Replace cracked caulking around windows and doors
6) Replace worn shingles and cracked or bent roof flashing
7) Test your hot water's pressure tank valve
😎 Locate and check main shut off valve for water
😍 ✅ 🎯 Title Insurance | Pro Investor Tips
⭐ What is Title Insurance?
⭐ What are the benefits of Title Insurance?
⭐ Where can you obtain it?
↳ Title insurance is an insurance policy that protects you, the home owner,
against challenges to the ownership of your home or from problems related to the title to
your home.
↳ Title insurance policies protect you for as long as you own the
property.
↳ Title insurance is generally purchased when you buy your home or when
you refinance it, although it can be purchased any time after you buy your
home.
😍 ✅ 🎯 Should I Buy Or Sell First? | Pro Investor Tips
⚖ It Depends:
↳ Personal Situation ↳ Need for Money ↳ Property Rarity ↳
Market Factors
😍 ✅ 🎯 Costs Of Purchasing A Property In Ontario | Pro Investor Tips
3 Major Costs Involved in Purchasing a Home:
🎯 Land Transfer Tax
🎯 Lawyer Fees
🎯 Moving Fees
😍 ✅ 🎯 What Landlords Need To Know About Rental Scams | Pro Investor Tips
How can you protect your investment from Rental Scams.
Best Line of Defense:
🎯 Landlords need to vet their clients properly, seriously!
- Find out as much as you can
- Avoid Fraud
- Check documents are not "altered"
- Match information
- Check social media profiles
- Check paystubs
- Call references and previous landlords
- Check online banking
- Google employer
😍 ✅ 🎯 5 Ways To Make Money From 1 Investment Property | Pro Investor Tips
Yes, Just 1 Real Estate Property. This is why Real Estate is the best investment you
can make in growing your wealth.
🎯 Cash Flow 🎯 Appreciation 🎯 Tax Benefits 🎯 Principal
Paydowns 🎯 Forced Appreciation
😍 ✅ 🎯 Should you switch to a variable rate or stay in a fixed rate mortgage? |
Interest Rate Hike
🎯 What are the rates out there?
🎯 What is the Forecast?
🎯 Are you a risk averse person?
3 Hedging Strategies Against A Rising Interest Rate Environment 🛡️ 📈 💲 | How to Protect Your Wealth
How to Protect Your
Wealth
Pro Investor Tips ➡️ Hedge against Rising
Interest Rate Environment ➡️ Rate
Hike ➡️ Home Owner Options
➡️ Fixed Rate VS Variable Rate
😍 🎯5 Home Renovations That Would Hurt Your Home's Value
|
Pro Investor Tips1. Over The Top Landscaping
2. Excessive Wallpaper
3. Bright and Bold Paint
4. Expanding Bedrooms
5. Too Much Carpeting
How Market Conditions Influence The Sale Of Your Home |🤩✅
🎯
Pro Investor TipsAdapt Your Strategy: 🎯 To The Season 🎯 To The Market 🎯 To The
Demographics of the Buyer 🎯 To The Location 🎯 To The Price Point
🤩✅🎯 Why the Highest Offer is NOT Always the Best Offer |
💰
Price📅 Closing Date☑️ ConditionsYou Need to Look at: 💰 Price 📅 Closing Date ☑️ Conditions 🙆 You Need to
vet these clients. 🏘️ You Need to vet the agent.
Legal Duplex Conversion
What To Look For When Converting To A Legal Duplex
& What Trends Are We Seeing Right Now?
Pro Investor Tips
You Need to Look for:
☑️ Permitted Uses in the Zoning Bylaws
🏘️ Principal House & Coach House
➡️ Legal Lot Survey
➡️ Property Dimensions & Property Boundaries
☑️ What Trends Right Now:
➡️Bigger Lots
➡️Bigger Buildings
🤩✅🎯 How To Improve Your Credit Score | What is a Good
Credit
Score | Pro Investor Tips1. Pay Your Bills On Time 2. Keep Your Credit Utilization Low 3. Pay More
Than the Minimum Payment on Your Credit Card 4. Under-use Your Credit Card
5. Take an Offer to Raise Your Credit Limit 6. Diversify Your Credit Mix 7.
Dispute Errors on Your Credit Report 8. Keep your Oldest Credit Card 9.
Consider a Secured Credit Card
🤩✅🎯 Rental Property Tax Deductions | Pro Investor Tips
The following is a list of expenses that are deductible: 🎯 Advertising 🎯
Insurance 🎯 Interest and Bank charges 🎯 Office Expenses 🎯 Professional
Fees (includes legal and accounting fees) 🎯 Management & Administration
fees 🎯 Repairs & Maintenance 🎯 Salaries, Wages, and Benefits (including
employer's contributions) 🎯 Property taxes 🎯 Travel 🎯 Utilities 🎯 Motor
Vehicle Expenses 🎯 Other Rental Expenses 🎯 Prepaid expenses
🤩✅🎯 How To Manage Your Rental Properties While You Are
On
VacationManage Your Rental Properties While You Are On Vacation
🤩✅🎯 Do You Need A Home Inspection? | Pro Investor Tips
Items below are some of the things done in a home inspection: 🎯 Look at
the major systems of the house 🎯 Start with the exterior - roof -
brickwork - siding - the garage - draininage patterns - foundation leakage
- patios - decks 🎯 Enter the house and start from the top and work
yourself down - overall structure - signs of leakage - ventilation -
insulation - mold growth 🎯 Go through the house room by room - every
bedroom - doors - floors - walls - ceilings - electrical outlets - switches
- windows - plugs and switches 🎯 Bit of time spent in the bathrooms and
kitchens - signs of leakage - electrical safety - fixture condition 🎯 Test
any built-in appliance 🎯 Basement - staining - rust - peeling paint -
infrared cameras - moisture meters - electrical panel - wiring - properly
and safely 🎯 Run the furnace and airconditioning 🎯 Everything is
documented - full writted detailed report - lots of pictures - uploaded on
the internet
Real Estate VS Stock Market 📈 🏠 💰 | Who has the better Return On
Investment (ROI)? | Leverage
*WATCH THE BEHIND THE SCENES AT THE END
✔️ Stocks vs Real Estate
✔️ The power of Leverage
✔️ Real Estate / Housing Market
✔️ Investment on Rental Property
✔️ Zero Cash Flow
✔️ Mortgage / Equity Paydown
✔️ Stocks vs Real Estate ✔️ The power of Leverage ✔️ Real Estate / Housing Market ✔️ Investment on Rental Property ✔️ Zero Cash Flow ✔️ Mortgage / Equity Paydown
Bulletproofing Your Rental Property 🎯 🏨 💪 | Maximum Usage | Pro
Investor Tips
✔️ Flooring
✔️ Appliances
✔️ Countertops
✔️ Wash Rooms
✔️ Smoke Detectors
✔️ Paint
My 2022 Predictions| Real Estate Market 📈 🏷️ 💵 | Taxes,
Interest rates, Prices
🎯 Taxes and regulations with regards to your principal home or investment
property. (0:33 seconds)
🎯 Interest rates and what's going on with them this year? (1:55
minutes)
🎯 Price Appreciation. Where are prices heading? (2:38
minutes)
5 Tips On Managing Contractors 👷 🏗️ 🔨
1. Get a contract in writing.
2. Communicate clearly and throughout the process.
3. Show up on the job site.
4. Don't pay in advanced.
5. Hold back at least 10% of the contractor fee until you've inspected the job at
the end.
Holiday Gift giving for your Tenants ❄️ 🎄 🎁
PRO's:
- rewards good tenant behaviour
- it shows appreciation
- improves relationship
- includes tenant retention
- tax deductible gift
CON's:
- takes time to organize
- costs money
- upset if they're expecting a gift and don't receive one
CON's: - takes time to organize - costs money - upset if they're expecting a gift and don't receive one