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:
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.
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:
Links and Resources:
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:
Links and Resources:
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
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:
Links and Resources:
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:
Links and Resources:
Alberta Landlord Facebook Group
Bowness Plumbing and Heating LTD
Mitch Hurd @ 587-433-3102
150-6433 Bowness Road NW
Calgary, AB T3B0E6
Canada
Investor-focused Realtor® | eXp Realty
Calgary Real Estate Investor Hub
Cell: 403-471-3631 | linktr.ee/s.nathan
Chung Niem
16 Pinecliff Close NE, Calgary AB T1Y 4N5
Email - kingscalgary@gmail.com
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:
Links and Resources:
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
Links and Resources:
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:
Links and Resources:
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.
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
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