Real Wealth Real Estate

Can’t afford or not allowed AC in your apartment? You’re not alone!

Posted on October 19, 2023 by Maria Rekrut

I recently had the opportunity to speak with and be interviewed by CBC News Reporter Aloysius Wong about the issue of air conditioning in apartments. The article, titled “Can’t afford or not allowed AC in your apartment? You’re not alone,” discusses the challenges that tenants face in securing adequate cooling.

During our conversation and interview, we discussed many aspects of the problem, including who is responsible for the upkeep, the extra cost of electricity and installation, and the barriers that tenants face in securing air conditioning.

I emphasized the importance of open communication between tenants and landlords to address this issue and stated that this has been my approach for the past 23 years. In the article, I was quoted as saying, “Open communication is the way to go with this. That’s what I’ve been able to do for 23 years.” This is my opinion, and I have found that open communication can often resolve most issues. If both sides listen and talk to each other and let each other know how they feel, it will always be my opinion and option when resolving issues with tenants.

https://www.cbc.ca/news/investigates/acorn-extreme-indoor-heat-tenant-survey-1.6983461

For your information in Ontario, we have guidelines.

Here are the guidelines from the Ontario RTA and LTB:

The Residential Tenancies Act (RTA) and the Landlord and Tenant Board (LTB) in Ontario provide guidance on the temperature of the dwelling in Ontario with regard to the temperature of the air conditioning in the summer and the temperature of the heat in the winter. Here are some key points: The RTA requires landlords to provide heat to a minimum air temperature of 21 degrees Celsius from September 15 to June 1

The landlord is free to turn on the heat earlier than September 15, but the building cannot go below 21 degrees Celsius The RTA does not require landlords to provide air conditioning Tenants can install window or portable air conditioning units at their own cost, as long as they meet certain requirements.

The LTB provides guidance on tenants’ rights and responsibilities, including the right to a livable indoor temperature If a tenant has concerns about the temperature of their dwelling, they can contact the LTB for guidance and support.

In summary, the RTA and LTB provide guidance on the temperature of the dwelling in Ontario with regard to the temperature of the air conditioning in the summer and the temperature of the heat in the winter.

Landlords are required to provide heat to a minimum air temperature of 21 degrees Celsius from September 15 to June 1, but are not required to provide air conditioning. Tenants can install window or portable air conditioning units at their own cost, as long as they meet certain requirements. The LTB provides guidance and support for tenants who have concerns about the temperature of their dwelling.

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Posted in Real Estate Investing | Tagged Air Conditioning and Heating, Can't afford or not allowed AC in your apartment? You're not alone!, landlords and tenants, LTB\, real estate, Real Estate Investing, real estate investors, Rental Property | Comments Off

10 Landlord Mistakes That Can Lead to Legal Trouble

Posted on October 18, 2023 by Maria Rekrut

Avoid These 10 Landlord Mistakes for a Successful Rental Business

Hello and welcome to our video on the 10 most common mistakes landlords make. Being a landlord can be a great way to earn passive income, but it’s important to avoid these common mistakes to ensure that your investment is successful.

In this video, we’ll discuss these mistakes and provide tips on how to avoid them. Failing to Screen Tenants Properly: One of the biggest mistakes landlords make is not screening tenants properly. This can lead to tenants who don’t pay rent on time, damage the property, or cause other problems.

To avoid this, make sure to conduct thorough background checks, including credit and criminal history.

Not Having a Written Lease Agreement: Another common mistake is not having a written lease agreement. This can lead to misunderstandings between the landlord and tenant, and can make it difficult to enforce rules and regulations. Make sure to have a written lease agreement that outlines all the terms and conditions of the rental agreement.

Failing to Maintain the Property: Landlords who don’t maintain their properties can face a variety of problems, including unhappy tenants, code violations, and even legal action. To avoid this, make sure to keep the property in good condition and address any maintenance issues promptly.

Not Knowing the Law: Landlords who don’t know the law can find themselves in legal trouble. Make sure to familiarize yourself with local and state laws regarding landlord-tenant relationships, fair housing, and other relevant issues.

Not Collecting a Security Deposit: Failing to collect a security deposit can leave landlords vulnerable to damage caused by tenants. Make sure to collect a security deposit and use it to cover any damages caused by the tenant.

Allowing Pets Without Restrictions: Allowing pets without restrictions can lead to damage to the property and other problems. Make sure to have a pet policy in place that outlines any restrictions and requirements for pet owners.

Not Responding to Tenant Complaints: Landlords who don’t respond to tenant complaints can create an unpleasant living environment and can even face legal action. Make sure to respond to tenant complaints promptly and address any issues as soon as possible.

Not Raising Rent: Failing to raise rent can lead to financial problems for landlords. Make sure to raise rent periodically to keep up with inflation and other costs.

Not Having Adequate Insurance: Landlords who don’t have adequate insurance can face financial ruin if something goes wrong. Make sure to have insurance that covers liability, property damage, and other relevant issues.

Not Treating Tenants with Respect: Finally, landlords who don’t treat tenants with respect can create an unpleasant living environment and can even face legal action. Make sure to treat tenants with respect and address any issues in a professional and courteous manner.

And there you have it, the 10 most common mistakes landlords make and how to avoid them. By following these tips, you can ensure that your investment is successful and that you have happy tenants. Thanks for watching!

If you enjoyed our video, please give it a thumbs up 👍 and share it with others who might find urban planning and sustainability fascinating. Let’s spread awareness and inspire positive change together! ✨🌍💚

Need more tips on becoming a great real estate investor, and learn more about the upcoming real estate trends, then visit Maria Rekrut’s website and set up a free discovery call at http://realwealthrealestate.com/

Set up a free discovery session with Maria at: Set up a free discovery session with Maria at: https://calendly.com/realwealthrealestate/strategy-session

#landlordmistakes, #avoidmistakes, #landlordtips

OUTLINE: 00:00:00 Introduction – Common Landlord Mistakes

00:00:50 Mistake 1 – Failing to Screen Tenants Properly

00:01:43 Mistake 2 – Not Having a Written Lease Agreement

00:02:43 Mistake 3 – Failing to Maintain the Property

00:03:46 Mistake 4 – Not Knowing the Law

00:04:48 Mistake 5 – Not Collecting a Security Deposit

00:05:50 Mistakes 6 to 10 – Pets, Complaints, Rent, Insurance, Respect 00:07:40

Conclusion – Summarizing Key Points 00:10:02

Call to Action and Further Resources

00:11:01 End Sting

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Say Goodbye to Multiple Vacation Rentals in British Columbia

Posted on October 17, 2023 by Maria Rekrut

The British Columbia government is introducing legislation aimed at sending thousands of short-term vacation rentals back into the long-term rental market. The legislation limits short-term rentals to within a host’s home, or a basement suite or laneway home on the property where they reside. If passed, short-term rentals in B.C. would only be offered in the host’s principal residence in municipalities with a population of 10,000 people or more and in smaller communities within 15 kilometres of a larger municipality.

The housing ministry estimates there are about 28,000 daily active short-term rental listings in B.C., an increase of 20 per cent from a year ago. Data show more than 16,000 entire homes are being listed as short-term rentals for the majority of a calendar year. Even if half of those homes came back onto the long-term market, it would be significant.

Short-term rentals in cities like Vancouver, Victoria, and Kelowna have come under scrutiny for several reasons, including the argument that they siphon housing from municipalities already struggling to provide long-term, stable rentals to residents. The government has stated that short-term rentals have put significant pressure on vacancy rates, rents, and home prices.

The legislation is aimed at operators of multiple vacation rentals, who own multiple condos and are renting them out as private hotels in the province. The government is promising to beef up enforcement of short-term rental regulations

The City of Vancouver has already announced that it will increase the costs of a business license to operate a short-term rental in the city from around $109 to $1,000. The city has had regulations in place since 2018. Vancouver has also negotiated with Airbnb (the largest short-term renter in B.C.) to only post Vancouver listings with a Vancouver business license number. The provincial government is already collecting an 11 per cent tax on short-term rentals through the Airbnb platform.

The legislation is part of a larger effort to increase housing in the province, including bringing in a province-wide law to allow up to four units on traditional-sized single-family lots. Additional legislation will be introduced this year to allow secondary suites in every community across B.C. Next year, homeowners will be able to access a forgivable loan of 50 per cent of the cost of renovations, up to a maximum of $40,000 over five years, if they are willing to rent those secondary suites at below-market rate for at least five years

In conclusion, the British Columbia government is introducing legislation to limit short-term rentals to within a host’s home, or a basement suite or laneway home on the property where they reside. The legislation is aimed at operators of multiple vacation rentals, who own multiple condos and are renting them out as private hotels in the province. The government is promising to beef up enforcement of short-term rental regulations. The legislation is part of a larger effort to increase housing in the province, including bringing in a province-wide law to allow up to four units on traditional-sized single-family lots. Additional legislation will be introduced this year to allow secondary suites in every community across B.C.

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Posted in Real Estate Investing | Tagged #1 source for real estate news, affordable housing, Airbnb, British Columbia, Compliance, Enforcement, housing, Housing Crisis, Long-Term Rentals, Multiple Rentals, Penalties, Provincial Legislation, Real Estate Investing, Regulations, Secondary Suites, short term rentals, Short-Term Rentals, Vacation Rentals, Vancouver | Comments Off

The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact

Posted on October 16, 2023 by Maria Rekrut

The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact on Local Neighborhoods and Rent Prices

In recent years, the rapid proliferation of Airbnb listings in Toronto has sparked concerns about its impact on local neighborhoods and rent prices. These so-called “Ghost Hotels” have emerged as an unintended consequence of the home-sharing platform’s popularity. The surge of short-term rentals has reduced the availability of long-term rental options, exacerbating the already tight housing market.

As tourists flock to Airbnb accommodations, residents are finding it increasingly difficult to secure affordable housing. The increasing concentration of transient visitors in residential areas also disrupts the sense of community, eroding the fabric that holds neighborhoods together.

It is crucial to address these issues and strike a balance that preserves the unique character of Toronto’s neighborhoods while ensuring the availability of affordable long-term housing for its residents.

https://www.msn.com/en-ca/travel/news/the-ghost-hotels-of-toronto-airbnb-s-impact-on-local-neighborhoods-and-rent-prices/ar-AA1igy5N?ocid=socialshare&pc=U591&cvid=ec71e0aad5cf4297a0896e4f60c54328&ei=12

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Posted in Real Estate Investing | Tagged All you ever wanted to know about owning a vacation rental, bed and breakfast, cash flow, Getting Started in Real Estate, landlords, Real Estate Investing, Rental Property, The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact on Local Neighborhoods and Rent Prices, Vacation Rentals. | Comments Off

Klaus Schwab – He’s talking about us essentially giving up national sovereignty, giving up individual freedoms, and turning over rule to experts

Posted on October 16, 2023 by Maria Rekrut

Former US government insider and author of ‘The Great Reset’, Marc Morano, on Klaus Schwab’s recent B20 speech: “He’s talking about us essentially giving up national sovereignty, giving up individual freedoms, and turning over rule to experts…

This whole agenda is to make it so we have no choice on some of the biggest questions of our lives.” “We didn’t get to vote on whether gas powered cars would be banned, we didn’t vote for vaccine mandates, we didn’t vote for lockdowns, we didn’t vote for banning of meat.

But all of this is happening, because at these meetings like the World Economic Forum and the United Nations, they meet and they work with government-corporate collusion to bypass democracy and impose stuff through this corporate government fascism.”

Source: https://youtube.com/watch?v=CAFgmKW0Veg… Subscribe to us on Telegram: https://t.me/realwideawakemedia… For more content like this, visit: https://wide-awake-media.com #KlausSchwab #WorldEconomicForum #GreatReset #UnitedNations #Agenda2030 #Agenda21

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Posted in Politics and the World Economic Forum | Tagged giving up individual freedoms, Klaus Schwab - He's talking about us essentially giving up national sovereignty | Comments Off

The Future of Real Estate: ESG and 15 Minute Cities

Posted on October 16, 2023 by Maria Rekrut

What do you think about this video? Do you see yourself living in 15-minute cities? Do you think this is a modern concentration camp where you can’t go out of your area? I’d love to hear your thoughts.

In this captivating video, join us as we delve into the exciting realm of real estate and explore its future! 🏡✨🔮

We’ll be taking a closer look at the powerful impact of ESG (Environmental, Social, and Governance) on the real estate industry, and how it’s revolutionizing the way we live, work, and play. Discover how sustainable practices are not only benefiting the environment, but also enhancing our quality of life.

But that’s not all! 🌍🌱 We’ll also dive into the fascinating concept of 15 Minute Cities, where everything you need is within a 15-minute radius. Find out how this urban planning approach is transforming cities into vibrant, accessible, and sustainable communities that prioritize convenience and well-being.

Join us on this visionary journey as we uncover the future of real estate and its incredible potential to shape our lives in an eco-friendly, people-centric way.

Don’t miss out on this thought-provoking exploration! If you enjoyed our video, please give it a thumbs up 👍 and share it with others who might find urban planning and sustainability fascinating.

Let’s spread awareness and inspire positive change together! ✨🌍💚

OUTLINE:

00:00:00	Introduction
00:00:17	ESG Explained
00:00:37	The 15 Minute City Concept
00:00:59	Impact on Real Estate
00:01:21	Examples of Implementation
00:01:40	Adoption in Canada and the USA
00:02:05	Conclusion
00:02:24	Closing Remarks
00:02:46	End Sting

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Posted in Real Estate Investing | Tagged 15 Minute Cities, Climate Change, Environmental Impact, ESG, Green Buildings, Real Estate Investing, Real Estate Investment, Social Responsibility, Sustainability, Sustainable Development, The Future of Real Estate: ESG and 15 Minute Cities, Urban Planning | Comments Off

The Dos and Don’ts of Emailing Your Tenants as a Landlord

Posted on October 11, 2023 by Maria Rekrut

When taking over a rental property as a landlord, it is important to communicate with your tenants effectively. One way to do this is by sending an email to your tenants to introduce yourself and set some boundaries Here are some tips for crafting an effective email: Start with a brief introduction and thank your tenants for choosing your property. Review your obligations and commitment to keep the property well-maintained, as well as their obligations as per the lease.

Be clear about consequences of late rent payments or rent arrears. Provide your tenants with your contact information, including your phone number and email address. Make sure your tenants know how to reach you in case of an emergency or if they have any questions or concerns. It is important to be clear and concise in your email.

Use a professional tone and avoid using jargon or technical terms that your tenants may not understand. In addition to setting boundaries, it is important to learn all forms and what they do from the RTB. The Residential Tenancies Branch (RTA) is responsible for administering the Residential Tenancies Act in Ontario.

The RTB provides information and services to landlords and tenants to help them understand their rights and responsibilities under the Act. In summary, sending an email to your tenants to introduce yourself and set some boundaries is an important step when taking over a rental property as a landlord.

It is important to be clear and concise in your email and to provide your tenants with your contact information. It is also important to learn all forms and what they do from the RTB to ensure that you are complying with the Residential Tenancies Act.

If you need more guidance on becoming a great landlord and attracting 5-star tenants, then visit Maria Rekrut’s website, http://realwealthrealestate.com/ Set up a free discovery session with Maria at: https://calendly.com/realwealthreales… #mariarekrut, #realestatemedianewsnetwork, #landlordresponsibilities #LandlordTips #RentalPropertyGuide #NewLandlordJourney #TenantManagement #LandlordResponsibilities