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Real Estate Market Updates plus Relationship Advice

On this special edition of the Where Should I Invest? Podcast, Sarah Eder, Justin Michel and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market and how relationships have been impacted. Sarah provides insights into the real estate market side and as a therapist, Justin provides advice on how to maintain healthy relationships during these times. 

Guest: Sarah Eder, Real Estate Investor & Justin Michel, Registered Psychotherapist

On this special edition of the Where Should I Invest? Podcast, Sarah Eder, Justin Michel and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market and how relationships have been impacted. Sarah provides insights into the real estate market side and as a therapist, Justin provides advice on how to maintain healthy relationships during these times. 

Various topics and opinions are discussed including strategies on talking to your spouse about your passions and particularly the ones they are not on board with, recommendations for splitting things such as bank accounts, how couples are coping during these times, tips on a better way of fighting and still be able to get along, how JV partners have been coping and things you can do to calm them down, how to get more comfortable with networking and tips for communicating with tenants.  

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  

In this episode you will learn about:
– Strategies for talking to your spouse about your passions 
– Recommendations for splitting things 
– How couples are coping 
– Healthier ways of fighting 
– How JV partners have been coping
– Networking tips  
– Tips for communicating with tenants 

Get in touch with Sarah & Justin:
Sarah’s Website: 
https://www.saraheder.com/
Sarah’s Instagram:https://www.instagram.com/sarahederinvest/
Sarah’s Facebook:https://www.facebook.com/sarah.eder.5070
Sarah’s You Tube:https://www.youtube.com/channel/UCLrKCdPezd_aaqQs0Z9ijPw
Justin’s Website: https://www.justinthetherapist.com/
Justin’s Instagramhttps://www.instagram.com/justinthetherapist/
Justin’s Facebook:https://www.facebook.com/JustinTheRP
Justin’s LinkedIn:https://www.linkedin.com/in/justinthetherapist/

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

The Ins & Outs of Property Management

Complete Properties is a Real Estate Investment Services Company that specializes in property management, leasing and property maintenance led by Susan Corcoran and Sue Ore. Using industry leading technology, comprehensive tenant screening and creating exceptional experiences for owners and tenants, Complete Properties focus is to provide valuable services to like minded people who are committed to their real estate investment. 

Guest: Susan Corcoran, CEO & Sue Ore, COO Complete Properties

Complete Properties is a Real Estate Investment Services Company that specializes in property management, leasing and property maintenance led by Susan Corcoran and Sue Ore. Using industry leading technology, comprehensive tenant screening and creating exceptional experiences for owners and tenants, Complete Properties focus is to provide valuable services to like minded people who are committed to their real estate investment. 

Susan Corcoran is a leading John Maxwell certified business coach, mentor, and transformational leader to entrepreneurs and business owners across Canada. Her proven and highly acclaimed methods have helped small and medium business owners accomplish extraordinary growth in their business. Along with her husband and business partner Susan’s real estate portfolio consists of 4 residential properties and 2 commercial properties. She is also the co-founder of Keller Williams Complete Realty in Hamilton and Keller Williams Complete Niagara Realty in St. Catharines.

Sue Ore has been investing in residential real estate since 2008 with a portfolio consisting solely of multi-unit properties in the Hamilton area. She is responsible for the operations of Complete Properties. Sue specializes in building thorough systems and consulting real estate investment clients to ensure maximum profitability. With professional experience in leasing, property maintenance, sales and operations she has been a key player in growing businesses from the ground up. 

You will learn about:
– Self managing vs. hiring a property management company
– Common mistakes investors make
– Who are the key team members
– 3 key points for self managing
– Tenant screening process
– What happens when a tenant doesn’t pay

Get in touch with Susan & Sue:
Website:
https://www.completepropertiesinc.com/
Facebook: 
https://www.facebook.com/completeproperties
Instagram:
https://www.instagram.com/completepropertiesinc/
Susan’s Email: 
susan@completePMinc.com
Sue’s Email:sue@completePMinc.com

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Results From Ontario’s Small Landlord Survey

On this special edition of the Where Should I Invest? Podcast, Tony Miller and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market. Also, Tony conducted a survey of small landlords in Ontario to determine the impact of this crisis and shares the results. 

Guest: Tony Miller, Real Estate Investor & Realtor

On this special edition of the Where Should I Invest? Podcast, Tony Miller and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market. Also, Tony conducted a survey of small landlords in Ontario to determine the impact of this crisis and shares the results. 

Various topics and opinions are discussed including private money lending and the terms that are available, Tony goes through the Ontario small landlord survey questions and results, the importance of proper information and messaging, how vacancies are being handled and advice for investors on how to handle the next 6-12 months. 

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  
In this episode you will learn about:
– Private money lending & the terms
– Ontario small landlord survey results 
– Importance of proper information & messaging
– How vacancies are being handled 
– Advice for investors on how to handle the next 6-12 months
– Implications on short term rentals 

Tony Miller started in investing in real estate in 2008 and by 2014 he was able to leave his federal government job of 24 years. Today, he primarily invests passively in private money lending. Tony is a Investor Focused Realtor and some people also call him “Mister Ottawa.” He helps people build wealth, by sharing proven strategies and tools to invest in residential and commercial properties in and around the Ottawa area.

Tony will use your why/goals, financial situation, and intestinal fortitude (aka risk tolerance) to determine the best investment strategies that will help you reach your goals. He will be honest and explain why the investment property you want to buy is a lousy investment.

He will take the time that is necessary to explain that using economic fundamentals and understanding the real estate cycle are the foundations to sound real estate investing. Tony only works with a limited number of clients at a time and will tell you if he is too busy for new clients. He will introduce you to the best Investor Focused Realtors in other markets if you choose to park your money elsewhere.

Tony has been interviewed by local and national media including MoneySense Magazine, Canadian Real Estate Wealth Magazine, and Rogers TV.

Get in touch with Tony:
Facebook: https://www.facebook.com/tony.miller.16906
Facebook:https://www.facebook.com/peacetowerproperties/

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Understanding The Renovation Process For Investors

White Elm Design Build is a fully licensed and insured construction company co owned by Joel Wilson and Rob Lee. Joel and Rob have many years working with their own businesses, Acacia Wood Detail and Prime Time Renovations respectively. After years of friendship, working alongside each other on many projects, learning business and trade techniques from each other a thought crossed their minds – We can make this better by working together under one banner – and so White Elm Design and Build Inc. was brought to life.

Guest: Joel Wilson & Rob Lee, White Elm Design Build

White Elm Design Build is a fully licensed and insured construction company co owned by Joel Wilson and Rob Lee. Joel and Rob have many years working with their own businesses, Acacia Wood Detail and Prime Time Renovations respectively. After years of friendship, working alongside each other on many projects, learning business and trade techniques from each other a thought crossed their minds – We can make this better by working together under one banner – and so White Elm Design and Build Inc. was brought to life.

Joel & Rob have extensive experience working with investors to renovate and prepare their property. They advise clients throughout the entire process; from drawings and permits to final construction and making the home beautiful, durable and within budget.

They understand the importance of detailed and precise preparations to produce high quality and durable work that stands out. They pride themselves on their creativity, knowledge of home building and skilled approach to project management. They can see a space and make it wonderful.

White Elm can work with you to project manage or offer guidance throughout any stage of the work. We have years of experience at working with architects, working from drawings and getting the required permits to provide practical, workable solutions to your building needs.

You will learn about:
– Tips on finding reliable contractors
– Working with investors & the steps involved in providing quotes
– Things to include in contracts
– The steps and trades process for basement conversions
– How to deal with trades
– Average renovation costs
– What is the biggest bang for your buck?

Get in touch with Joel & Rob:
Website:
 https://www.whiteelmdesignbuild.com/
Instagram:
 https://www.instagram.com/whiteelmdesignbuild/?hl=en

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Crisis Updates From a Financial Planner

Meghan Chomut is the financial consultant for families that have (or want to have) an income property as a part of their investment portfolio. She is a mom, wife, friend, CFP (Certified Financial Planner) and Investment Property Advisor. She helps families and income property owners get their personal + investment property finances organized and make smart investment decisions by designing custom plans and tax strategies. 

Guest: Meghan Chomut, Investment Property Advisor & Certified Financial Planner

On this special edition of the Where Should I Invest? Podcast, Meghan Chomut and Sarah Larbi have an unscripted, sharing of opinions chat on how the financial landscape has changed and what real estate investors can do to plan financially for uncertain times like these. 

Various topics and opinions are discussed including the types of financial advisors and their pros and cons, tips for someone just getting started in real estate investing during these uncertain times, recommendations for people on CERB, market problems and trends for the future, how to calculate the fortune formula and the different types of emergency funds and how best to utilize them. 

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  

Meghan Chomut is the financial consultant for families that have (or want to have) an income property as a part of their investment portfolio. She is a mom, wife, friend, CFP (Certified Financial Planner) and Investment Property Advisor. She helps families and income property owners get their personal + investment property finances organized and make smart investment decisions by designing custom plans and tax strategies. 

For over a decade, Meghan has been working in the finance and investment industry helping people save for their big dreams (retirement, sending their kids to college, going on a beach vacation, etc). She also works with real estate investors to make their rental properties profitable and position their investments for maximum wealth building.

In this episode you will learn about:
– Types of Financial Advisors 
– Tips for getting started in real estate during these uncertain times
– Recommendations for people on CERB 
– Market problems & trends  
– What is the fortune formula 
– Emergency funds 

Get in touch with Meghan:
Instagram: https://www.instagram.com/meghancfp/

Website : https://www.meghanchomut.com/

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

No BS This Podcast is Uncensored Part 2

Gary Hibbert is a full-time Real Estate investor, educator and licensed Real Estate agent, achieving various Realtor awards. He purchased his first investment property in 2008 and through hard work and dedication left the corporate world to become a full-time entrepreneur in 2014.

Guest: Gary Hibbert, Real Estate Investor, Realtor, and Podcast Host

On this special edition of the Where Should I Invest? Podcast, Gary Hibbert and Sarah Larbi have an unscripted, no sugar coating, sharing of opinions chat over wine on the current state of affairs for real estate investors during the continued COVID 19 pandemic.

Various topics and opinions are discussed including government controls and the extreme measures being put in place, the idea that we are shifting from the industrial age to the information age and how the old world will not be coming back, the importance of mindset and being mentally tough during this difficult time, is it better to be in residential vs. commercial real estate during this time and why real estate is still a safe asset class. 

Gary Hibbert is a full-time Real Estate investor, educator and licensed Real Estate agent, achieving various Realtor awards. He purchased his first investment property in 2008 and through hard work and dedication left the corporate world to become a full-time entrepreneur in 2014.

As a result of his passion for education, Gary started his own real estate investing club in the Durham region and recently started a private lending company called Deep Pockets. and became a partner in a real estate brokerage called Our Neighborhood Realty. It is safe to say that Gary wears many hats in the real estate industry. 

Gary has helped hundreds of clients with creating a wealth strategy plan through public speaking, online webinars and even has his own podcast dedicated to inspire and educate anyone willing to change their mindset. He continues to play an active role in his community by attending corporate, private and school events to educate adults and especially children.

Gary’s inspiration and hard work come from his passion for helping others and wanting to make a difference in their lives. Being able to design a lifestyle of your choice is not an easy feat however, it’s attainable as long as you have a passion and know what your ‘why’ is.

In this episode you will learn about:
– Opinions on Government controls & Safety measures  
– Information age
– Mindset
– Residential vs. Commercial real estate 
– Why real estate is safe

Get in touch with Gary:
Website: 
https://smarthomechoice.ca
Podcast: https://smarthomechoice.ca/podcast/
Email: gary@smarthomechoice.ca

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Legal Crisis Updates From a Paralegal Perspective

Wenda Allicock has over 10 years of experience as a Landlord having experienced a complete range of tenants in Brantford. She worked as a property manager before becoming a successfully licensed paralegal specializing in Landlord and Tenant Law. 

Guest: Wenda Allicock, Real Estate Investor & Paralegal

On this special edition of the Where Should I Invest? Podcast, Wenda Allicock and Sarah Larbi have an unscripted, sharing of opinions chat on the changes to the legal landscape for real estate investors. 

Various topics and opinions are discussed including updates on the proper process for the Landlord Tenant Board now that it is closed, the importance of communicating with tenants early, the questions to ask tenants if they are unable to pay rent, the importance of documenting every interaction for when the Landlord Tenant Board does reopen and how cash for keys should be done. 

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times. Feel free to reach out to Wenda separately for any legal advice. 

Wenda has over 10 years experience as a Landlord having experienced a complete range of tenants in Brantford. She worked as a property manager before becoming a successful licensed paralegal specializing in Landlord and Tenant Law. 

The goal for Wenda’s practice is to use her skills, experience and knowledge to assist property owners in getting prompt high quality legal services that ultimately saves time and money. She is a paralegal, licensed under the Law Society of Upper Canada.

She has lived in Brantford for over 25 years and loves the city with its historical backdrop and the new life that has been brought to the city with Laurier University and Conestoga College. Wenda is also a proud member of the Brantford Brant Chamber of Commerce.

In this episode you will learn about:
– Landlord Tenant Board updates
– Questions to ask tenants
– Importance of documentation
– When to issue an N4
– Cash For Keys and how it should be done 
– What is an N11

Get in touch with Wenda:
Website: https://www.wendaallicock.com/
Phone number: 519-751-8624

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Guest Podcast Appearance – Creating A Fair System For Landlords with Kayla Andrade and Sarah Larbi

I was recently one of the guests on George Masri’s podcast – Well Off – check it out below

E34 – Creating A Fair System For Landlords with Kayla Andrade and Sarah Larbi

I recently spoke with Kayla Andrade, the CEO of Ontario Landlords Watch, and Sarah Larbi (as you probably know her from previous podcast episodes). We know that it’s a difficult time for landlords at this moment. On this episode, we discuss the following: 

  • What to do if your tenants aren’t paying rent at this time
  • Solutions for landlords
  • The importance of documenting all tenant issues
  • Risks of filling units now
  • Short term rentals during a crisis

Check out the interview here

Subscribe on iTunes – Subscribe and reviewtoday!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://welloff.ca/

https://www.instagram.com/welloffx/

CLICK BELOW TO WATCH THE INTERVIEW ON YOUTUBE

Crisis Market Updates and the Economy

Andrew Hines is a real estate investor and podcast host. He graduated from the Richard Ivey School of Business in 2008 and began his real estate investing career in 2011 after a brief two-year teaching contract at Western University where he taught Business Administration.

Guest: Andrew Hines, Real Estate Investor & Podcast Host

On this special edition of the Where Should I Invest? Podcast, Andrew Hines and Sarah Larbi have an unscripted, sharing of opinions chat on the current state of affairs on the real estate market and the economy for real estate investors. 

Various topics and opinions are discussed including insights on the economy and the government controls that are in place, why it is important to question things, the impact on small business owners, the importance of having cash reserves, insights on mortgage deferrals and the importance of tenant screening. 

Andrew Hines is a real estate investor and podcast host. He graduated from the Richard Ivey School of Business in 2008 and began his real estate investing career in 2011 after a brief two-year teaching contract at Western University where he taught Business Administration.

Building a portfolio of student and family rental properties with an asset value of over $4,000,000 Andrew is on a mission to create financial freedom through real estate investing.

On his podcast, The Andrew Hines Real Estate Investing Podcast, Andrew covers topics including buy and hold, BRRRR (buy, reno, rent, refinance, repeat), multi-family investing, land development, student rentals, flipping and more.

In this episode you will learn about:
– Real estate market updates
– Economic insights & Government control
– Impacts on small business owners
– Importance of cash reserves
– Insights on mortgage deferrals
– Importance of tenant screening

Get in touch with Andrew:
Instagram:  https://www.instagram.com/theandrewhines
Facebook: https://www.facebook.com/theandrewhines
Podcast: https://www.andrew-hines.com/category/podcast/
Youtube: https://www.youtube.com/channel/UCYGIvt3fC0OK378EIEHccpA

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Crisis Updates on Short Term Rentals for Real Estate Investors

Dean Curtis has over 20 years of investing experience in Ontario. He has chosen over the last 7 years to specialize in the growing investment area of short term vacation rentals.

Guest: Dean Curtis, Real Estate Investor

On this special edition of the Where Should I Invest? Podcast, Dean Curtis and Sarah Larbi have an unscripted, sharing of opinions chat over coffee/pop on the current state of affairs for real estate investors that manage short term rentals, cottages and airbnbs. Various topics and opinions are discussed including how COVID 19 has impacted the short term rental industry, predictions of what the future will look like and thoughts on the cottage ban that some municipalities have implemented. 

Dean Curtis has over 20 years of investing experience in Ontario. He has chosen over the last 7 years to specialize in the growing investment area of short term vacation rentals.

Through his management company Serenity Vacation Rentals he grew his own personal investment portfolio and also managed an inventory of cottage vacation rental properties. He has since sold that business and doesn’t manage other people’s cottage rentals anymore. 

A sought after media source, Dean has been featured in Canadian Real Estate Wealth magazine, and on AM 570 news “Your Money Matters” and the “Vacation Rental Success” podcast.

Dean also coaches investors from start to finish with purchasing the perfect cottage vacation rental, maximizing income potential, furnishing the property appropriately and providing customer service that ensures repeat rentals.

In this episode you will learn about:
– Getting started in cottage rentals
– COVID 19 impacts on short term rentals
– Future predictions and advice 
– Cottage bans
– Investing in Costa Rica  

Get in touch with Dean:
Instagram: https://www.instagram.com/deancurtisrealestate

Thank You to Our Sponsors

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details