Fighting for Landlord and Tenant Rights, Property Management Updates with Kayla Andrade

Welcome to another episode of the Truth About Real Estate Investing…

Where us lifelong learners and seekers of truth like to hang out and share about what truly works when investing and not just in real estate.

I’m interested in all forms of predictable, repeatable investing. For example, I know many investor agents in my market promote non-conforming multi-family properties, as in, their legal use is not permitted nor grandfathered in.

I know many of these investors who got left holding the bag as city inspectors and Fire inspectors knocked on their doors and asked them to evict some tenants, hurting cashflow or redevelop the property to make the property safe.

I personally don’t want the liability should a tenant get hurt in a fire and prefer to sleep well at night, so my properties were all renovated with permits where necessary.

As I record this, we are into the first week of back to school.

My kids are back to school as risks are low for young kids; I’m satisfied with the safety protocols by our schools. In addition, Cherry and I are fully vaccinated, so we’re as safe as it gets from being hospitalized.

For any concerned parents like myself, news out of Denmark is that they started school last month, their R value fell to 0.7, which means the rate at which people are being infected by covid is falling, which is great news.

Stats-wise, the Danes are 80% vaccinated; we in Ontario are 77% for those eligible.

Denmark is dropping all covid restrictions on September 10th and fingers crossed the situation continues to improve there as then we can predict the same here in Canada.

This news gives me peace of mind that my kids are safe and we won’t see increased restrictions.

Source: https://twitter.com/sailorrooscout/status/1435238002545119234?s=20

Ireland has a similar story, adults there are 90% fully vaccinated, and their restrictions end next month.

My prediction is our restrictions will end sometime this fall, and Cherry and I can go back to hosting as many people as we want in person at our iWIN Real Estate and Stock Hacker meetups.

That way, we can support our community as best we can which I believe is in meeting and networking in person.

In the meantime, we’re currently allowed 25 people in person at our offices, so that’s what we’ll make do with for our monthly iWIN Real Estate meetings that will also be available, live-streamed via Zoom.

For our October meeting, you’re stuck with me doing the keynote talk re: the cash flow quadrants by explaining the theory and then what Cherry and I have found to be the best practices of progressing from employees and self-employed to becoming business owners or investors.

If you’re on my email list, you’re already getting emails with all the dates and links to register. If you can, please choose the in-person option; we really do like networking with people in person.

If you’re not on our email list, that’s just silly. Join the tens of thousands of Canadians receiving our free newsletters at www.investortraining.ca.

From there, you can even get access to my presentation from the last Wealth Hacker Conference in front of 1,500+ for FREE. Again that’s www.investortraining.ca.

Before I forget, we just returned from a cottage we rented for a week, and I left my laptop at home.

I had just my smartphone and still managed to Stock Hack my way to over $3,000 US in realized profits, more than enough to pay for the cottage rental costs. 😊

Past, of course, does not predict the future but if you’d like to learn more about this game-changing skill, check out my final demonstration I’ll be giving on September 23rd.

It is my final free demonstration before we deliver our Stock Hacker Academy course on Oct. 1st with best-selling authors Lee Lowell and Derek Foster.

Hope to see you there!

On to this week’s show!

This week we have the lovely Kayla Andrade; hopefully, by now, all you real estate investors know who Kayla is.

She’s been running a not-for-profit, grassroots organization called Ontario Landlord Watch to bring us landlords together to support one another, mobilize politically, inform the powers that be the challenges we small, private investors, face in creating more housing supply and better help good tenants.

Kayla shares why her family emigrated from Newfoundland to Ontario, policy changes we landlords need to watch out for and how to escalate our problems at the Landlord Tenant Bureau.

Plus, we chat about the Landlord Credit Bureau, a service that helps tenants build their credit and hold them accountable to paying rent on time.

If you’ve never heard of them, please check them out; these guys are a game changer!

We’ve signed up, and I wish I knew about this service years ago so we could hold those tenants who roughed up our properties accountable.

Please enjoy the show!!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.

This is for driven folks who want to multiply their current incomes a couple of times as James and Tammy have.

APPLY HERE: https://www.infinitywealth.ca/hiring

To Listen:

On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294

On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

On Spotify: https://open.spotify.com/show/6Z8yd37AQfQI5DK0J0Xwzz

On Google Podcast: https://podcasts.google.com/feed/aHR0cDovL3d3dy50cnV0aGFib3V0cmVhbGVzdGF0ZWludmVzdGluZy5jYS9mZWVkLw

Youtube: https://youtu.be/7OEV6_sWsWA

Download as an MP3 by right clicking here and choosing “save as”

To Follow Kayla:

Web: https://ontariolandlordswatch.com/

Facebook: Ontario Landlords Watch, @ontariolandlordswatchOLW

Email: OLWlandlords@gmail.com

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.

CLICK HERE to check out what’s coming up next.

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success.

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best. In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment. Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you.

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics. The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me. If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

Fighting for Landlord and Tenant Rights, Property Management Updates with Kayla Andrade