FOR RENT

Looking to improve your tenant screening process? In this episode, Mackenzie Wilson shares his top 10 pre-screening questions that will help you quickly and effectively assess potential tenants. From income verification to rent collection practices, these questions will save you time and eliminate stress in the long run. Don't miss out on these pro tips to better your rental business!

Timestamps: 

• (00:43) - Episode summary and best formats for asking your questions.
• (02:44) - Question 1
• (03:51) - Question 2
• (04:33) - Question 3
• (04:42) - Question 4
• (05:16) - Question 5
• (05:38) - Question 6
• (05:54) - Question 7
• (06:07) - Question 8
• (07:15) - Question 9
• (10:28) - Question 10
• (11:10) - Pro tips and strategies for screening tenants
• (13:55) - Bonus question!

Links and Resources:

• MacKenzie Wilson’s LinkedIn
• SingleKey
• Alberta Landlord Facebook Group
• Mac’s Original YT Video

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

Join MacKenzie as he shares a wild journey where he almost paid $8k+ for a new furnace. With multiple insightful interviews, this episode features more than eight pro tips, including specific how-tos on shopping for economic alternatives to keep your rental property profitable. Bonus: my upstairs tenant shared a totally unexpected message that blew me away!

Timestamps:

• (01:32) - The text that started it all. The story of the failing furnace.
• (03:15) - First service call, the big brand name price reveal.
• (05:44) - Second company's furnace replacement quote.
• (06:37) - Seeking a solution in the Alberta Landlord Facebook page.
• (07:55) - The Costco dilemma.
• (09:14) - The third visit and second service call. The game changer.
• (10:19) - Mitch's advice to save money on furnace repairs.
• (12:43) - Real Estate investor, Santhosh, shares additional advice for furnace replacement.
• (18:16) - The tech that comes to rescue. Final costs revealed.
• (22:10) - TLDR; key takeaways.

Links and Resources:

MacKenzie Wilson’s LinkedIn

SingleKey

Alberta Landlord Facebook Group

Bowness Plumbing and Heating LTD

Mitch Hurd @ 587-433-3102

150-6433 Bowness Road NW

Calgary, AB T3B0E6

Canada

Santhosh Nathan

Investor-focused Realtor® | eXp Realty

Calgary Real Estate Investor Hub

Cell: 403-471-3631 | linktr.ee/s.nathan

King's Plumbing & HVAC

Chung Niem

16 Pinecliff Close NE, Calgary AB T1Y 4N5

Email - [email protected]

Phone - +1 (403) 47-KINGS

Phone - +1 (403) 475-4647

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

In this episode, we provide an in-depth look at the work of Canadian Student Communities with Matt Stein. Matt shares his vision for creating a welcoming and thriving community in their 600-bed tower in Toronto and provides tips for other landlords renting to students. We also discuss the unique amenities Matt offers that keep students returning year after year. This episode is a must-listen for anyone looking to invest in student housing.

Timestamps:

• (00:41) - Introduction to Matt Stein and his 600-bed tower in downtown Toronto.
• (07:36) - Matt's vision of creating a worthy and welcoming community.
• (10:13) - Tips and tricks landlords can apply to their rentals.
• (13:06) - Unique amenities students value the most.
• (16:00) - Is it safe to rent to students? Is it a reliable source of rental income?
• (18:46) - An overview of the rental market in Toronto.
• (20:13) - Matt's leasing model that keeps the building occupied year-round and other unique services
• (24:50) - Student rental industry in fall 2023 and the future of Canadian Student Communities.

Links and Resources:

MacKenzie Wilson’s LinkedIn

SingleKey

Alberta Landlord Facebook Group

HOEM on Jarvis (Student Rental Tower)

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

In this episode, we hear from Anthony, a real estate expert, who shares his approach to working with student rentals and what he looks for in a good tenant. Anthony covers everything from marketing strategies to setting up background checks and offers practical tips and advice for anyone interested in the student rental market.

Timestamps

• (02:03) - Overview of the rental industry in Ontario
• (04:35) - How to time leases for students.
• (08:42) - The difference between rental terms in Ontario vs. Alberta
• (11:55) - Why Anthony doesn't do credit checks on students.
• (14:25) - Group leases with student rentals and specific rental terms.
• (18:30) - Working with international students.
• (23:09) - Benefits of student rental for your portfolio.
• (27:44) - How do you discern if the student will be a good tenant?
• (30:00) - Collecting deposits on the day of showing.
• (32:37) - Establishing background checks and collecting applications
• (36:25) - Marketing strategies during a slow season.
• (40:36) - Strategies and tips for using Facebook to market rentals
• (50:01) - Adjusting prices to meet market demand.
• (57:26) - How do you embed rules in your lease?
• (1:04:12) - How to connect with Anthony and learn about Rockstar Real estate

Links and Resources:

• http://www.rockstarbrokerage.com/
• Anthony Molinaro’s LinkedIn
• 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

In this episode, MacKenzie Wilson sits down with seasoned landlord, Christine Rzepka. With a goal of 100 doors in 5 years, Christine shares her experiences managing a dozen rentals from another province. Listen in as she reveals valuable lessons learned, including a story of a contractor who secretly moved into one of her rentals and how she handled the situation. Christine also provides great insights on using photos effectively with your contractor. Don't miss this informative episode of For Rent!

Timestamps:

• (01:53) - Why and how Christine started to be a remote landlord.
• (03:29) - Christine’s systems and process.
• (04:57) - Key contacts and connections to make.
• (07:23) - How do you figure out how to work with someone remotely?
• (10:57) - Contractor hiring nightmare.
• (12:04) - Finding your ideal contractor remotely.
• (14:51) - Additional pros of taking photos of renovations and construction
• (17:03) - Joining a local Facebook group to be a better remote landlord.
• (21:29) - Most important key takeaways to be a remote landlord.

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.

Podcast Production Services by EveryWord Media

In this episode, We discuss rental arbitrage, the pros and cons, and what to look out for when it comes to leasing your rental property to a company or host that will in turn sublease your property to short term guests.

• (00:45) - What is AirBNB Arbitrage?
• (03:34) - What people on the facebook group are saying.
• (05:34) - The pros and cons to Rental Arbitrage
• (07:22) - What to look for if you decide to lease to a rental company.

• https://www.linkedin.com/in/mwyyc/
• https://www.singlekey.com/
• https://www.singlekey.com/blog/airbnb-arbitrage-should-i-rent-out-my-property-to-an-airbnb-host/
• https://www.facebook.com/groups/albertalandlord

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

In this episode, our host MacKenzie Wilson reveals the mission and purpose of this podcast, For Rent! Whether you are a landlord, a seasoned investor, or a curious tenant, this podcast is for you. Join in and listen and be part of the For Rent community, so we can all help each other grow and thrive in the rental industry.

Notable Links

• https://www.linkedin.com/in/mwyyc/
• https://www.singlekey.com/
• https://www.singlekey.com/blog/airbnb-arbitrage-should-i-rent-out-my-property-to-an-airbnb-host/
• https://www.facebook.com/groups/albertalandlord

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