If you want to invest in real estate and build long term wealth, it is important to know what impacts real estate values.

There are certain factors that affect real estate values in the short term and others that affect the long term values.  It is important to understand the difference.

Market Drivers directly impact supply and demand (long term).

Market Influencers temporarily impact the market (short term).

Be aware of them and study them in your specific area.  The more you know your area, the better you will be equipped to building your retirement plan.

If you are interested in discussing these factors in more detail…send me a message and we’ll chat!

So you finally bought an income property…now what?  Buying the property is half the battle…now it’s time to manage it.  The question remains: How do you manage this property effectively?

In this video I provide you with 10 simple tips on how to manage and retain your great tenants.  Each one of these tips can be an individual blog on its own, so this blog is to get the ball rolling.

Remember the most important thing:  Keep it simple!

If you are interested in discussing these tips in more detail…send me a message and we’ll chat!

As discussed in my previous video blog Episode #150 – Knowing Your Buyers and Tenants it is very important to get familiar with who your potential buyers and tenants are.  This new video blog compliments it because it is just as important to get familiar with the neighbourhood and the specific designs that are most popular and in demand.

This is why we take tours of the Toronto Beaches, Leslieville, Danforth, and it’s surrounding neighbourhoods on a regular basis.  To familiarize ourselves with the latest trends in design and to get in touch with what our buyers and tenants are interested in.

Get to know your area and who is in it…there is huge gain in this.

If you are interested in joining one of our tours…send me a message and we’ll chat!

When choosing an area to invest in, make sure you get very familiar with your market.  More specifically, get familiar with who your potential buyers and tenants are.  Understand what they want and what gets them excited.  If your niche market is catering to young professionals in downtown Toronto then find out what they are willing to pay a premium for and why.  It is so important to understand this as it will get you the most amount of rent and the highest resale value for your property.

Many times my clients and I go for tours in the Toronto Beaches and Leslieville to seek out the latest design ideas.  We speak to many tenants and buyers in the local neighbourhoods to get to know them on a personal level to understand their needs and wants and especially their willingness to pay for specific criteria.  Then we go and provide that for them.

We are noticing more and more just how desirable loft designs are in the Leslieville area and how much people are willing to pay extra for these types of designs.  In the Toronto Beaches, we are noticing how desirable modern décor is mixed with the traditional beach character.

If you are interested in learning more about these areas and what potential buyers and tenants are looking for…send me a message and we’ll chat!

When it’s time to get your house up for rent it’s important to go through this checklist and ensure you are “rent-ready”.

Remember, it’s the little things that make a big difference.  You need to remember that your tenants are your clients and you need to treat them like Gold.  So by providing them with a clean and modern home (Rent Ready), your chances of getting premium rents and rented quicker are a lot better.

If you want a copy of this checklist that I always use in between tenancies, feel free to contact me through the “Contact Andrei” page of my website.

We walk through a house with Master Electrician Hamid Reza and provide you with important Electrical Lessons.

Whether you are a personal home buyer, seller, or an investor, this video will share some important information regarding the electrical matters in a typical 3 bedroom house in Toronto.

If you have any questions about the wiring in your home or a home you are looking to purchase, feel free to contact Hamid Reza from HRM Electrical Inc at 416-554-1698.

Have an electric day!

Here we are again…approaching the trenches with Jeff Reed, who is a veteran real estate investor and house flipper.

His course officially begins May 1st and his course information session is on Saturday April 27th at 11am. Location: 326 Carlaw Ave, Toronto ON.

Call myself 416-885-2010 or Jeff Reed 416-771-6672 to sign up.

Watch this video for a sneak peak of what is to come.

The course outline will cover the following topics:

1. Selecting and analyzing potential investment properties
2. Organizing yourself for the offer
3. Identifying ways to create equity by renovating
4. Permits and Zoning options
5. Screening potential contractors
6. Subcontractors / Contracts
7. Roles and responsibilities of the owner / Empowering the Contractor
8. Commencement of work
9. Critical path / Order of operations
10. Managing money
11. Safety and risk management
12. Quality control
13. Managing the Engineer, Architect, Designers
14. Completing the renovation
15. Closing out all permits
16. Warranties and service work
17. Refinancing the mortgage

If you haven’t seen Jeff’s renovation projects before please review them below:

Episode #47 – Renovating a Prime Beach House
Episode #55 – Tales From The Trenches With Jeff Reed
Episode #57 – Exposed Brick Walls
Episode #59 – Plumbing Inspection in a Home Built in 1885
Episode #65 – Concrete Pouring Day
Episode #75 – The Roof Is Off
Episode #82 – Managing Neighbours During Renovations
Episode #89 – Learn How To Flip Houses
Episode #101 – Converting a 400k Home Into a Million Dollar Home

For More details you may visit Jeff’s website by clicking here: Priority Management

You submit an offer on a house you love and the offer gets accepted!!!

You do your home inspection and everything passes with flying colours. Now you just wait for the closing date to arrive. But in the meantime, you want to have a visit to the property to take some measurements and perhaps to show your friends and family the beautiful new house you just purchased.

You arrive at the house and realize the house next door that is attached to yours has caught fire! Now what? You haven’t even taken ownership yet. Who is responsible? What if there is obvious damage? Even worse…what if there is hidden damage? Do I still need to buy it or can I walk away?

True story…Watch the video and see what happen. If you have further questions about the details feel free to contact me…I’d be happy to share.