FOR RENT

Summary Hart and MacKenzie talk about Impact of rate drops on landlords and tenants. The rental market in Alberta. The effects of immigration on the rental market The importance of international credit checks for new immigrants. 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 Stories01:14 The Impact of Rate Drops on the Rental Market05:18 The Effects of Immigration on the Rental Market08:22 The Importance of International Credit Checks for New Immigrants 10:08 Comparing the Canadian and US Real Estate Markets14:47 Opportunities for Investors in the Canadian Market #renters #tenants #landlord #realestateinvesting #forrent #rentreport =================== 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 Report02:23 Challenges and Opportunities in Student Rentals13:59 Impact of Rental Legislation on Landlords and Tenants Takeaways There is a need for a balanced approach that considers the rights and responsibilities of both landlords and tenants. Zoning and bylaws are crucial in determining the ease of adding new rental supply. Understanding the local rental market and its unique challenges is essential for successful property management. 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. =================== 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 LinkedInSingleKeyAlberta Landlord Facebook GroupSponsorshipThis 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 LeducPerch Mortgages and Perch CapitalYour 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 LinkedInSingleKeyAlberta Landlord Facebook GroupSponsorshipThis 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 LinkedInErwin Szeto's LinkedInSingleKeyAlberta Landlord Facebook GroupPre-Suasion by Robert CialdiniSponsorshipThis 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: (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 LinkedInSingleKeyAlberta Landlord Facebook GroupMac's Original YT VideoSponsorshipThis 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 LinkedInSingleKeyAlberta Landlord Facebook GroupBowness Plumbing and Heating LTDMitch Hurd @ 587-433-3102150-6433 Bowness Road NWCalgary, AB T3B0E6CanadaSanthosh NathanInvestor-focused Realtor® | eXp RealtyCalgary Real Estate Investor HubCell: 403-471-3631 | linktr.ee/s.nathanKing's Plumbing & HVACChung Niem16 Pinecliff Close NE, Calgary AB T1Y 4N5Email - kingscalgary@gmail.comPhone - +1 (403) 47-KINGSPhone - +1 (403) 475-4647SponsorshipThis 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 LinkedInSingleKeyAlberta Landlord Facebook GroupHOEM on Jarvis (Student Rental Tower)SponsorshipThis 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 estateLinks and Resources:http://www.rockstarbrokerage.com/Anthony Molinaro's LinkedInMacKenzie Wilson's LinkedInSingleKeyAlberta Landlord Facebook GroupSponsorshipThis 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 LinkedInSingleKeyAlberta Landlord Facebook GroupSponsorshipThis 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.Timestamps(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.Resources Mentioned: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/albertalandlordSponsorshipThis 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 Linkshttps://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/albertalandlordSponsorshipThis 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