FOR RENT

Summary

Hart and MacKenzie talk about

They also touch on the differences between the Canadian and US markets and the opportunities for investors in Canada.

Chapters

00:00 Introduction and Personal Stories
01:14 The Impact of Rate Drops on the Rental Market
05:18 The Effects of Immigration on the Rental Market
08:22 The Importance of International Credit Checks for New Immigrants

10:08 Comparing the Canadian and US Real Estate Markets
14:47 Opportunities for Investors in the Canadian Market

#renters #tenants #landlord #realestateinvesting #forrent #rentreport

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The Rent Report, where two self-proclaimed rental experts talk all things landlords and tenants.

MacKenzie Wilson Founder of Alberta Landlord Community, Alberta's largest Facebook group for landlords and SingleKey's Director of Customer Engagement, Canada's largest and goto tenant screening service.

Hart Togman Founder and CEO of Rent Panda - Rent Panda believes that everyone can be a landlord and offers the rental services to make it possible!

Chapters

00:00 Introduction to For Rent, The Rental Report
02:23 Challenges and Opportunities in Student Rentals
13:59 Impact of Rental Legislation on Landlords and Tenants

Takeaways

Summary

In this conversation, MacKenzie Wilson and Hart Togman discuss various aspects of the rental industry, particularly focusing on student rentals in Ontario. They highlight the challenges faced by landlords and investors due to government policies and regulations. They also discuss the imbalance between the rights and responsibilities of landlords and tenants, as well as the impact of zoning and bylaws on the rental market. The conversation touches on the screening process for tenants and the importance of understanding the specific needs and demographics of the target market. Overall, the conversation sheds light on the complexities and nuances of the rental industry in Canada.

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The Rent Report, where two self-proclaimed rental experts talk all things landlords and tenants.

Hosts

MacKenzie Wilson Founder of Alberta Landlord Community, Alberta's largest Facebook group for landlords and SingleKey's Director of Customer Engagement, Canada's largest and goto tenant screening service.

Hart Togman Founder and CEO of Rent Panda - Rent Panda believes that everyone can be a landlord and offers the rental services to make it possible!

Host MacKenzie Wilson and Kayla Andrade from Ontario Landlords Watch focus on the unique challenges of the Ontario rental market, from the costs in rent arrears cases to the impact of Bill 97. Learn more about how to navigate the Ontario rental housing industry successfully and where to find more resources at the Ontario Landlords Watch 5th Annual Private Housing Sector Conference on October 28.

Join host MacKenzie Wilson and Corey Young from Fearless Real Estate Investors as Corey shares his story of turning his Facebook group with his wife, Tiffany, into a successful business for real estate investors. Discover investment strategies that work and how you can learn more from their latest event, Fearless Real Estate - Calgary, this Sept 23/23 and use promo SINGLEKEY to save $25 on your ticket!

Alex from Perch discusses his background and why he stared Perch Mortgages, how Perch automatically calculates the when it is the best time to break your mortgage, how perch perserves your application allowing you to create an application in as little 10-15mins.

They wrap up discussing the current state of the Canadian housing market with MacKenzie and Viler. They cover topics such as the impact of rising interest rates, the role of foreign money in the market, and inter-province migration. Alex predicts that the next 6-10 months will see above-average price growth, followed by a leveling off, and then another increase once interest rates decline. He also notes that supply and demand imbalances are the main drivers of the market, rather than foreign buyers or vacant homes.

This episode provides tips for tenants to make a good impression when applying for rental properties. Basic manners and courtesy, wearing socks to viewings, and following instructions in rental ads are important. A survey shows that providing additional information beyond "is it available?" increases the chances of getting a response from landlords. Other tips include presenting a budget sheet, being concise but thorough in answering screening questions, and taking ownership of problems. It is also important to present oneself positively on social media and not badmouth previous landlords. Unique ways to showcase oneself, such as presenting a business card, can also set tenants apart from the competition.

Welcome to FOR RENT - Conversations to better the rental market!

Links and Resources:

MacKenzie Wilson’s LinkedIn

SingleKey

Alberta Landlord Facebook Group

Sponsorship

This podcast is powered by SingleKey, Canada’s #1 tenant screening service! Taking the risk out of renting. This podcast would not exist without the support of SingleKey.

Perch CEO Alex Leduc explains how the latest Bank of Canada interest rate hike will affect the real estate market. The market is still pricing in that rates inflation should go back to normal, but ultimately the outlook is still that we will start seeing cuts. The expectation that the market is pricing in is that they're going to start cutting about a percent a year, starting in the middle of next year. Quarter-point hikes shouldn't change a lot of people's mentalities around housing or purchases, but for every quarter-point increase, payments on every $100k increase by about $14 a month.

• Guest Alex Leduc
• Perch Mortgages and Perch Capital

Your host, MacKenzie Wilson, with SingleKey and ALC.

In this podcast episode, Bidmii co-founders Jon Christensen and Phillip Stack discuss the unique features of their platform for rental property owners, how they focus on education to better serve their customers, and the future of property tech.

Timestamps: 

• (01:11) - Introducing Bidmii and how this platform will help landlords, home owners, and contractors.
• (02:38) - What have the challenges been getting into the market?
• (10:01) - The birth story of Bidmii.
• (17:02) - How Bidmii is closing the gap between the consumers and contractors.
• (22:29) - How payments and projects works on Bidmii.
• (25:06) - What makes Bidmii unique in the marketplace?
• (31:31) - Tips and tricks for homeowners and landlords that use the platform.
• (36:52) - Using Bidmii as a Landlord.
• (43:06) - Real life examples of using Bidmii.
• (54:06) - Success metrics for Bidmii.

Links and Resources:

• https://bidmii.com/
• MacKenzie Wilson’s LinkedIn
• SingleKey
• Alberta Landlord Facebook Group

Sponsorship

This podcast is powered by SingleKey, Canada’s #1 tenant screening service! Taking the risk out of renting. This podcast would not exist without the support of SingleKey.

Podcast Production Services by EveryWord Media

Are you looking to secure your financial future? In this podcast episode, real estate investor and expert Erwin Szeto shares his journey from stocks to real estate, along with tips and strategies for success in the rental industry. Tune in to hear about his experience navigating the ups and downs of the market, and how he keeps things simple to grow his portfolio strategically.

Timestamps:

• (01:57) - Erwin's journey to real estate investing.
• (06:47) - If you put work into real estate investing you will become an insider.
• (09:45) - Erwin's first failed home investment.
• (15:13) - What is the first thing a new real estate investor should do?
• (20:15) - Student rentals in Alberta vs. Ontario.
• (24:30) - Build your team of experts and decide on your target customer.
• (28:43) - Hiring a realtor for your real estate investment properties.
• (32:23) - Erwin's go to investment strategy.
• (40:38) - Investing in real estate and having a full-time job.
• (43:54) - The importance of comparison shopping.
• (48:19) - Limiting beliefs to becoming a successful landlord.

Links and Resources:

• MacKenzie Wilson’s LinkedIn
• Erwin Szeto’s LinkedIn
• SingleKey
• Alberta Landlord Facebook Group
• Pre-Suasion by Robert Cialdini

Sponsorship

This podcast is powered by SingleKey, Canada’s #1 tenant screening service! Taking the risk out of renting. This podcast would not exist without the support of SingleKey.

Podcast Production Services by EveryWord Media