Real Estate Media News Network

marias pics - group1_001-1Editor’s Note – Hello Everyone, Happy New Year to you and I’m so happy to have you read my blogs coming up in 2019!!

I’ve taken a few days of rest over Xmas to set my goals for 2019.  I’ve written down my business goals since 1987.

It’s funny that when I go back during the year to read my notes, a lot of goals I’ve written down have actually been accomplished.

I think that actually writing down my goals is half way to reaching them. I’ve always been very goal orientated since I was a little 10 year old girl who wanted to study music in Italy.

So what I did in order to reach my goal financially, I started to sing in the church for weddings and funerals.

I joined Junior Achievment and sold black boards in the winter time in Winnipeg, Manitoba, Canada.

This is funny, I won the award for the best salesperson ( I was the only girl to win the award). I remember that I won 2 silver dollars. I thought that was the best thing in the world!!

I then took a secreterial course, after graduating from high school, so that I could learn short hand, bookeeping and typing in order to find a good job. I got a job at the University of Manitoba and started saving my money to go to Europe.

At the age of 21, I went with my family to Rome, Italy and after my singing audition, I was accepted by the Conservatorio of Music of Santa Cecilia.

I was the only Canadian to get accepted to the Conservatory of Music for the 9 years I studied in Italy.

So, yes, I’ve always been very goal oriented and I have many goals I want to achieve in 2019 for the Real Estate Media News Network.

 https://www.facebook.com/groups/realestatemedianewsnetwork/

Join me as I press forward with the Real Estate Investors, Landlords and Landowners in “having a voice” in the media!!

Cheers,

– Maria Rekrut,  Editor-in-Chief, Real Estate Media News Network

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Make 2019 your #BestYearEver!!

If you want 2019 to be your #bestyearever, this is where you have to start.

Sign up for your free 1/2 hour  to see if  Short Term Rentas if for you.

Call us for your free  consultation:

http://www.realwealthrealestate.com

or call 289-273-5681 or email us at: realwealth@live.ca

Cheers

Maria Rekrut

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Why is Airbnb So Popular?

AAEAAQAAAAAAAARHAAAAJDM2MGI1NDIxLTVmMWQtNDI4OS04ZGVkLTM5MmY4NjNjOTVlMwFive questions about Airbnb the world’s fastest-growing holiday website.

 

It’s the world’s biggest accommodation-sharing site, but how does Airbnb work? I’ll answers 5 questions that you may have about this site!!

I found a great article from the Press Association, that was published in Sept 2018 that I wanted to share  and I have added my extra 2 cents of advice from my experience as a Short Term Rental Host since 2000.

 

Here’s what you need to know about Airbnb:

 

1. How does Airbnb work?

Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests. Airbnb takes 3% commission of every booking from hosts, and between 6% and 12% from guests.

There’s plenty of criteria to list for/search a property: from a shared room to an entire house, to having a swimming pool to having a washing machine. There are photos of the property, and the hosts/guests, with full map listing.

2. Why do people like it?

A combination of factors, but primarily financial ones. Guests get good value accommodation at a huge range of price points, from a few pounds a night to hundreds and often in prime locations where a normal hotel would cost infinitely more.

Hosts can cash in on spare space, perhaps if children have flown the nest and there’s a spare bedroom. In fact, according to economist Dr Margarethe Theseira, if an Airbnb host lists their property for seven days a month on average they would earn £5,600 per year, a boost to household income equivalent to a 15% pay rise for an average full-time employee.

3. What are the other benefits of Airbnb?

There is more than a financial impetus though: many guests like living like a local and getting restaurant recommendations from people really in-the-know, while many hosts just enjoy meeting new people and showing off their home.

4. Is it easy to book on Airbnb?

Yes, very. Once you’ve created a verified profile (which can be linked to social media), you can send a message to the host and either book instantly, or submit a request for later booking. Hosts must show calendars of availability – most are kept well up-to-date – and they will inform you of what they will provide like towels or hairdryers.

It’s not advised if you’re travelling through though – many people don’t take bookings for just one night.

5. Are there any hidden extras?

It’s not really ‘hidden’, but many hosts will add a charge for cleaning on top of their basic nightly fee. This is always made clear on booking.

 

People have called me the “Short Term Rental Guru” I don’t quite know why.  Maybe because I’ve been hosting guests in both my Bed and Breakfast and my Heritage Cottage Rental since 2000.   I’ve added my 2 cents about some very revealing statistics, that I think you may find interesting.   Read my thoughts below!!

So now you know why people like to offer their homes on Airbnb to make money to cover their mortgages, taxes and utilities, without having to go into their own pockets.

According to Airbnb 60% of people who have listing on Airbnb are women.  This has allowed women to stay home and earn an income, while taking care of their family financially.

Yes, Airbnb is here to stay and the sooner we accept this new business model the easier this transition will be.

 

You can find more articles about Airbnb on my website at: http://realwealthrealestate.com/ and on my FB page at: https://www.facebook.com/real.wealth.vacation.rentals/

Be sure to visit and subscribe to  my Youtube Channel at : Maria Rekrut

 

Happy Investing,

Maria Rekrut

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Learn about Fair Housing with Felix Vortsman

Series 1: Fair Housing Plan by Felix Vortsman

Reported by Jennelyn Gagatiga, in behalf of Maria Rekrut, editor of Real Estate Media News Network.

 The series ” From Deep Within the Trenches”, is made up of real estate investors, landlords, and landowners who are dealing

the very difficult issues around the LTBoard, rental licensing and By-Laws, and in some cases the outlawing of certain kinds of real estate usage.   https://youtu.be/_eWEOyMwp80

If you are interested to know more about Real Estate, please click the link or message us directly ;

https://www.facebook.com/groups/realestatemedianewsnetwork/

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Gary Nuscia Presents “How To Use the Power of the Internet”

 

 

 

Gary Nusca, CCIM, CIPS

Come out to the Canadian Real Estate Investors Association monthly dinner meeting. Gary Nuscia will be presenting on Thursday, Oct 25, 2018, “How To Use the Powers of the Internet”.

This is a free event and everyone is welcome to our monthly dinner meeting on Thursday, Oct 25, 2018 from 5 pm to 9 pm at George’s Greek Village, 535 Queenston Road,
St Catharines, Ontario, Canada.

Call 289-273-5681 for more information.

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New Rental Lease Agreement in Ontario, Canada

What Ontario, Canada landlords need to know about the new rental  lease agreement.

Watch this great interview with my guest,  a great  Paralegal,  Harry Fine, who shares his insight with me, Maria Rekrut.

https://www.facebook.com/maria.rekrut/videos/1487248934731753/

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Calling All Landlords – We Need to Change the Landlord and Tenant Board

Calling All Landlords, Landowners and Real Estate Investors 

 

We need to change the Landlord and Tenant Board, we need our voices heard by the people who are making decisions about our properties.  These people are not landlords or real estate investors nor have they suffered through going to a hearing, nor have they had to pay for repair and damages that “Unhappy tenants” felt it was their right to do, and we can’t collect for damages!!

 

I’m asking all the landlords, landowners and real estate investors and  real estate professionals, lawyers, paralegals, mortgage brokers, insurance brokers and banks to please send out this letter and let our voices be heard!!

 

 

The Honourable Peter Milczyn
Minister of Municipal Affairs and Housing
777 Bay St., 17th Floor
Toronto, ON
M5G 2C8

 

Dear Minister:
I am writing you as a small landlord and member of the 15,000  strong group of landlords, of the Canadian Real Estate Investors Association, and our Sister Associations from across Canada, the USA and the World,  who look to each other for assistance in navigating Ontario’s difficult and complicated residential tenancy laws.  We are millions in numbers and up until now we haven’t been heard or listened to.  We need to change how the Landlord and Tenant Boards conducts business, and we need to have their files made public.

 

The quasi-judicial agency overseeing rental housing in Ontario, the Landlord and Tenant Board (‘LTB’), is broken. The heavy load at the provincial Board combined with the automatic right of appeal of a Board decision to the courts routinely delays justice. The inconsistency of decisions by adjudicators at the Landlord and Tenant Board is shocking. Most of their mistakes come from the lack of common sense, the overly strict interpretation of the wording of the statute without giving regard to the purpose of the statute or the real substance of the disputes.

 

The appellate body, the Divisional Court, almost always fixes the problem with common sense decisions but that’s a slow and VERY expensive process that most landlords can’t afford. Glaring drafting errors and oversights have not been fixed through statutory amendment.

 

More than once the Divisional Court has suggested that the Tribunal and the government get its act together and fix the problems.

Over the last two decades the appellate courts have made a number of decisions modifying the generally accepted interpretation of the law. For instance, a recent appellate decision has confirmed that lease-breaking parties are legal, negating the purpose of lease term as a benefit to the landlord.
A decision in 2007 from the Ontario Court of Appeal, Price v. Turnbull’s Grove Inc., 2007 ONCA 408 (CanLII) struck down a section of the RTA that deemed unlawful rent to be lawful if a year had passed and the tenant had not disputed the lawfulness of the rent. This was a result of inadvertent drafting.

 

This decision has thrown rent disputes into disarray. Evictions for non-payment can’t happen unless the lawful rent can be determined. Successive governments have had over 10 years to fix the problem and to this point have ignored it despite the occasional updating of the Act.

 

Serious confusion now exists between the jurisdiction of the Landlord and Tenant Board and the Ontario Small Claims Court with regards to utilities as well as for damage or rent owed after a tenant has moved out. The issue of a landlord’s claims for damages that are legal in nature, not physical damage where something could be repaired or replaced, is also a grey area in terms of the LTB’s jurisdiction.

Now this April, this government has further shifted the balance, discouraging small landlords and driving us out of the business of creating housing, much of it affordable through basement second suites. The Ontario government and non-profit agencies practically beg landlords to rent out units despite the terrible risk landlords take and the unattractive rental environment the government has created.

 

The 2011 Strong Communities Through Affordable Housing Act, and the recently passed Promoting Affordable Housing Act, 2016 which promote inclusionary zoning are honest efforts to create more accessory suites and affordable housing. But it won’t work and landlords won’t open up their homes until some of the risk is mitigated, the playing field levelled and the confusion eliminated.

The LTB’s Rules of Practice need amendment related to serving notices of entry. Email is not allowed, yet fax is permitted. Currently, a landlord with a home in Burlington and a rental in Oshawa wanting to change a furnace filter on the weekend, would have to drive from Burlington to Oshawa on Thursday or Friday to serve a notice of entry, return home, and then make the trip again on the weekend to change the furnace filter. In a day and age when most faxing is done via email and e-fax, it is ludicrous that the RTA Rules permit service of notices of entry to tenants by fax and not by email. Our tenants generally do not have fax machines, and they all have email.

We urge you to re-consider the elimination of the s.6 exemption on rent increases. Those of us who are investors in condominiums will have no choice but to charge higher rents to mitigate the risk of increasing condominium fees or special assessments which cannot be recovered. Above Guideline Increases can not recover costs incurred through these types of aggregated expenses.

 

I am asking specifically for eight changes to the Residential Tenancies Act that would assist landlords, restore some balance and create efficiencies:

1. Reconsider the proposed elimination of the s.6 guideline exemption

2. Streamline the LTB process to have matters resolved more quickly, ensuring that rent is paid into the Board by the tenant if disputes are protracted

3. Fix the confusion currently existing between the Small Claims Court and the LTB regarding jurisdiction for utilities and post-occupation claims at Small Claims Court for damage and rent.

4. Amend the RTA provisions regarding “damage” to make it clear that the LTB is the forum for legal, monetary damages, not just physical damage, arising in the rental complex. That will go a long way in resolving the LTB vs Small Claims Court confusion.

5. Allow service of notices of entry (not termination notices) by email if the parties agree in the lease that communication may be by email and if they have provided their respective address in the lease.

6. Lease term has become meaningless. Jurisprudence since the Act came into force has confirmed that lease-breaking parties are legal, negating the purpose of lease term as a benefit to the landlord. This needs fixing. A notice to terminate that can be remedied (rent N4’s for instance) should not end the tenancy thereby ending any statutory or common law obligations related to term.

7. Fix the problem caused by Price v. Turnbull’s Grove. Governments never intended sections 136 and 116(4) of the Act to operate in this conflicting manner.

8. While theoretically tenants with a non-smoking lease can be evicted for smoking, the legislation should be more specific. This is especially important with the impending legalization of marijuana. In addition, Ontario should specifically ban the proposed “4 plant” rule from all rentals.

In summary, I am asking that the government consider fixing, clarifying and modernizing the Act to make it more balanced, instead of just amending with the April 20th amendments which will simply drive more landlords out of the business.

Yours very truly,

cc: Premier Kathleen Wynne
PUT LOCAL MPP NAME HERE AND COPY THEM AS WELL

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Reiclub.com- Top 10 Investing Blog Posts From 2017

Our Top 10 Investing Blog Posts From 2017

imageshttps://www.reiclub.com/realestateblog/our- top-10-investing-blog-posts-from-2017/

I’m happy to say that my blog was chosen as  #10  with my blog about Airbnb and Short Term Rentals!!

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Niagara Real Estate Investors Association – Dec. Meeting 2017

Join us tomorrow night, Thursday, Dec 28, 2017 at 5pm for our last 2017 meeting of the Niagara Real Estate Investors Association.

https://www.facebook.com/events/2023902227888697/?active_tab=about

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Five Key Elements To Successful Real Estate Management

Good Management will make the difference between your real estate business making a profit or loss. Finding the missing pieces in your employee engagement effort will increase your bottom profit line. It’s not about providing motivation, it’s about providing good management.

The vast majority of employees start to work for you will have tons of  “want to” at least on day one. Most of the workers I have encountered  act the same.  They want to do a good job, and, furthermore, they instantly have ideas about how to improve their new work place or your property.

On day one they come motivated, they come wanting to do a good job, they come ready to make it better. So what happens? In a sentence, we, as managers and leaders, get in the way of their desires.

Not all efforts at work enrichment and employee empowerment, are unsuccessful. Some people have found a formula that works.  Here is what I have observed, if you, as a manager and owner of your business, fail to supply any of the five key elements I list here, you will, sooner or later, de-motivate your employees and steal from them some measure of the power of employee engagement.

Five Key Elements To Successful Real Estate Management

The five key elements are:

  1. A sense of meaningfulness
  2. A sense of control
  3. A sense of accomplishment
  4. A sense of growth
  5. A sense of community
Let’s look over each one of these points:
 

1.  A Sense of Meaningfulness:

Workers show greater interest in their work when they understand they are working for a meaningful task and when they are serving a higher purpose. This is a question you need to ask yourself. Is your management actions solely focused on the goal of making money?

Studies show that if management’s actions are heavily focused on “the bottom line at all costs, your employees sole focus will, predictably, be, “What’s in it for me?” They won’t “want to” work for the company, only for themselves — and they won’t “want to” improve the workplace.  Employees need to “see” that their contributions are not only necessary but significant and that their ideas are considered and at times utilized.
2. A Sense of Control:

Do your workers have some way to get input into the things they can affect and the things they should affect?
Do they have ways to control what and how they do things, or are they just following instructions. If it is a “my way or the highway” management style, employees will find the highway as soon as something slightly better appears.

 

3. A Sense of Accomplishment:

Do your workers have ways to determine whether they have done a good job? Can they answer the question, “How did I do today?” Can they go home knowing they did well? Can they tell each hour of each day if they are doing their job well?  Are their visual indicators in place?

 

4. A Sense of Growth:

Do your workers have a way to contribute and grow as individuals?  Can they improve their skills via training? Is there a conscious effort to create “future opportunities,” or does your company supply no sense of hope for the future of the individual? Studies show that company’s that reward their employees
with opportunities to exercise their demonstrated skills, such as writing new procedures or training other employees to their level of competence are far more productive.

 

5. A Sense of Community:

Successful company’s have a true sense of teamwork at work.  Employees have reasons to proudly wear the company logo on their shirts.  Humans are a social animal, and if their sense of community is not fed at work they will seek it out elsewhere. You can perform a reality test on these five key elements. For the most part, good business owners understand how to utilize these five elements to acquire and retain their workers.

If you want a successful business you will need to manage both your human resources and your financial resources. Good management requires commitment on your part as a business professional  to upgrade your management skills by taking management courses.  These courses will upgrade and increase your business.

Happy Investing,

Maria Rekrut

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