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On this episode of the Realtor In Your Pocket podcast, we're unpacking the secrets to a stress-free move. Nick Fundytus and moving expert Lisa Ann Robinson from Streamline My Move dive deep into the strategies that make transitioning a breeze.
Get ready for practical advice, insider tips, and expert insights that will transform your moving experience from a headache to a cakewalk.
Have a question? Reach out!
Get in touch with Nick here: https://shor.by/NickFundytus
Or visit our website at: www.nickfundytus.ca -
Relocating for work has unique problems. A new area, a condensed timeline, resale value, and more may be on your mind if you're undertaking a move like this.
A group of expert Ottawa Realtors has the insider knowledge to help you on your move to or from our beautiful city.
All this and more in this episode of Realtor in Your Pocket. -
Saknas det avsnitt?
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In this episode, with special guest stars Natalie Baizana and Melanie Wright, we provide valuable tips and tricks on preparing your home for the market. Learn from the experts: how to focus your spending and maximize your home's value with minimal effort.
Natalie Baizana: http://livelovehome.ca/natalie-baizana
Melanie Wright: https://melaniewright.ca/
Make sure to chek out and follow my social channels! https://shor.by/NickFundytus
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We're kicking off Season 2 of the REALTOR® in Your Pocket podcast by interviewing Cecilia Perdigao of LaPierre Law, and Chris Allard of the Chris Allard Mortgage Team. Cecilia is a fantastic lawyer and someone I’d consider part of our “extended team”. Chris Allard is one of the hottest names in Ottawa for home financing and is one of the top 75 mortgage brokers nation-wide.
This episode goes over what buyers can expect on closing day, including:
2:32 When does a lawyer get involved in the purchase or sale process for a home? The lender?5:15 What does a seller or buyer have to have ready to close on their purchase or sale?7:50 What happens on closing day from the lawyer's side of things? The lender?11:37 What costs are there to closing?18:22 What surprises or problems can come up for closings? How do we deal with those?27:45 What's the strangest thing you've seen on closing day?33:02 Where can someone who’s interested in working with you find you?Get in touch with our guests!
Cecilia Perdigao.Chris Allard.Make sure to check out and follow my social channels for more resources.
InstagramFacebookTwitterLinkedInWhat’s the difference between a real estate agent and a REALTOR®? Visit www.crea.ca/why to find out.
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In this episode, I interview Cecilia Perdigao of LaPierre Law. Cecilia is a fantastic lawyer and someone I’d consider part of our “extended team” that I trust to refer our clients who are buying or selling.
We talk about Status Certificates for Condominiums: what they are and what they can tell you about a property you’re considering purchasing.
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In this episode, I interview Cailin Nicholson of Room Remedy. Cailin is one of the best home stagers in Ottawa and someone I work with on every home I sell. Room Remedy was the first home staging company in Ottawa, founded in 2002. A mother and daughter company, Cailin began staging professionally in 2011.
This episode is for our audience listing their homes to understand what a professional stager does and why we include it with all of our listings.
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The Home Buying Process, Episode 8: How a Home Inspection works with Scott Hodgson from The Full Storey. In this episode we start by describing the home inspection process in Ottawa, what it does and doesn't include, and the way that you can make the most of your inspection.
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You've found a great home and it's time to make an offer. How do you get your offer accepted, especially in a competitive market where homes are receiving multiple offers?
In this episode I interview colleague and friend Gabriel de Varennes of Royal LePage Performance Realty. We discuss the fast Sellers' Market in Ottawa and what a Buyer needs to do to land the house, which boil down to preparation, market knowledge, positioning and a great REALTOR®.
More resources are available at https://www.nickfundytus.ca/
Gab can be reached at [email protected]
In addition to being a Realtor, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
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Once you know your needs, wants and budget, it's time to go out and look at some homes.
In this episode I interview Buyer Specialist Katye Landry, who serves home buyer clients on my team at Royal LePage. She talks about her experiences working with home buyers, some of the common pitfalls and ways for buyers to avoid these on your own journey. She also talks about the tools that are available to buyers to avoid wasting time and energy, and not miss the right home when it comes along.
More resources are available at https://www.nickfundytus.ca/
Katye can be reached at [email protected]
In addition to being a REALTOR®, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
Interview Questions:
Katye, you’re what’s known as a buyer agent or buyer specialist. For someone who’s never heard of that or never purchased a home before, what is that? A Buyer Specialist or Buyers Agent is a Real Estate agent that specifically deals with Buyers. My main focus is to help people purchase homes. I do not work with Sellers.
What are the advantages of working with a buyer specialist? I would say the main advantage to working with a Buyer Specialist is that my main focus in helping people BUY homes. I don’t have my toes in both Selling and Buying so that allows me to be 100% educated and submerged in this process for my clients.
What are some of the perceived disadvantages of working with a buyer specialist, and what would you say to those? The only thing I can think of that someone would be hesitant to work with a Buyer Specialist is that we tend to not be “lead agents” We work for a lead agent. This may make someone feel we are not as educated enough in the industry or that we are not a good agent. To this fear I would say it would actually be the total opposite. Buyer Specialists spend all their time focusing on the Buying process and will be able to give you amazing results because this is our focus.
One misconception that some people have when purchasing a home is that they will need to pay you, which of course isn’t the case. How does a buyer agent get paid when you help someone buy a home? When it comes to our commission it is paid out to us at the end of the Buyer transaction by the Seller.
Last episode I interviewed a mortgage broker who talked about getting prepared to look for a home. Now, we’re going to talk about actually searching for one. Let’s start all the way back to when someone has decided to buy a home, let’s suppose that they listened to the last podcast and they have a good idea of what they can afford, what they want and what they need. Now they give you a call. What are the things that happen before they every set foot in a house? What does that look like? Before we venture out to look at houses we would have a meeting to go over all the details that will come about with the home purchase. I try and treat each client like it is their first time buying a home. We go over questions and concerns they may have and then we set up a search with specific parameters that they would like to have in a house.
What kind of paperwork is necessary to work together with a Realtor? During each stage there are different forms to fill out. I walk my clients through each stage as they come. There are a few initial documents you find at the start of the buying process. They are Working with a Realtor and Buyer Representation Agreement. The Working with A Realtor explains the relationship I have with the Buyer and how I can help them. The Buyer Representation Agreement is a contract between myself and the buyer(s) for a certain length of time going over details of the commitment we both have to each other in the buying process.
Now this person has met you, you have decided to work together. You’ve got a search set up for them. What’s the plan of attack to find the right place? Our next plan of attack is usually for the Buyer to go over the search and to let me know if they have any questions about specific properties. I then would advise to set up a day to go and view a few homes at the same time. Putting them together helps you not forget details if you space them out to far apart. It would also depend on the type of market we are sitting in as well. A Sellers market usually indicates we need to act fast to view listings so we may be seeing one at a time. A Buyers market tends to leave us with a bit more time to schedule showings.
What does a showing look like? How’s this different from an open house, which is something people may be more familiar with? An open house is held by the listing agent, or an agent at their brokerage. This is an opportunity for potential buyers and neighbors to come and see the house on their own usually on a Saturday or Sunday. The listing agent is there in hopes to yes find a buyer for the home but also to pick up new potential clients. It can be great but there also can be a lot of pressure. If my clients would like to goto open houses I always recommend them telling the agent in the home that they are working with a Realtor so they don’t get too hassled. Private showings give you a more personal experience as it will just be you and your Buyer Specialist going through the home. You can ask anything you’d like and not feel the pressure of that agent wanting you to buy that particular house.
What are some tips for doing “the search” part of buying a home? I recommend getting very specific about your needs and wants. Make three categories. Must have. Would like. Dream need. This will allow you to narrow down exactly what you are looking for in a home. It will also allow me to better understand your needs. It is a list that I always bring my clients back to if we need to refocus.
What are some mistakes that you see people make? The biggest mistake I’d say Buyers make during the process is forgetting the big picture. Forgetting that list that they created at the beginning of this process and getting off track. One of my jobs is to bring them back in to focus to allow the Buyer to not feel too overwhelmed in the process.
Any misconceptions that you find people have? That they can Buy and Sell on their own. The fact is, yes they can. Given though quality Real Estate agents do this for a living, they are far more likely to make sure your rights are covered, you get a fair price and that you are not feeling alone in this big new adventure.
What are some ways that a buyer can really make good use of working with a buyer agent? Ask all the questions! There are no silly questions when it comes to Real Estate. Don’t feel like you are pestering your agent. We are here to make sure that you are at ease and comfortable with your end goal and purchase. And Have fun!
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This episode is the first in a buyer series. I’ve created these to help anyone that’s purchasing their first home, but they’re really useful for anyone buying a home. I’ve created a guide to complement this episode with a lot of great checklists and tips, and you can download it from a link in the show notes.
Download the companion guide for this episode here.
I am not just a REALTOR®, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
Interview Questions:
Kristin, so you’re a mortgage broker. I actually find that a lot of homebuyers don’t know what that means. How would you explain what you do to a first-time homebuyer?
As a mortgage broker my role is to find my clients the best mortgage rate and product from the 60+ lenders that I have available to me including most of the major banks and credit unions. Every mortgage lender is different not only with respect to the interest rate that can be offered but also within their terms and conditions, my job is to review these with you to confirm just which option will work best for you now and in the future depending on what your plans are for your new purchase.
What’s the main difference between working with you and the guy at the bank?
The main difference is licensing and whose interests they are working for. As a mortgage broker I am licensed with FSRA, the Financial Services Regulatory Authority of Ontario. I need to complete courses on a regular basis and comply with their rules and regulations in order to ensure that I am providing full disclosure to my clients so that they are 100% aware of what they are receiving. Since I do not work for any individual lender the choice is left up to the client once we review to determine what type of mortgage would work best.
Banks are protected under the Bank Act so there is no regulatory body ensuring that they are meeting the proper needs of the general public, they are only required to provide a service for their employer, which is the Bank.
Let’s play devil’s advocate for a moment. I’m a big fan of working with mortgage brokers, as you know, but let’s pretend that you are arguing for someone working with their bank for their mortgage. What would be the reasons?
The most often-cited reason is for a place to go. A lot of clients want to see the physical brick and mortar and know they can enter a location and speak to somebody about their mortgage.
Another would be to have all of your banking in one location (something that I do not recommend, diversification is your friend!).
Today’s episode is all about preparation for the home search. I actually advocate that someone planning to purchase a home come and talk to you before they come to me, since you really help frame their financial picture and give a new buyer an idea of what’s possible and what’s realistic. What should a potential homebuyer have prepared before they come to you?
A knowledge of their income, assets and liabilities to know what they can afford.
Knowing how you are paid if you are an employee is important too, as there is a difference between a full-time salaried employee someone who is on contract or not guaranteed their income/hours on a weekly basis.
Knowing what their credit is like is important as well so that we can discuss any possible changes that we may want to look at making to ensure a purchase can go as smoothly as possible.
How early in the process is it helpful to get in touch with you? When you’re starting to look at homes? A year before? When you have an offer on a home?
The sooner the better! I like to tell everyone that it is never too early to see what options are available to you, and sometimes we need that extra time to be able to make changes to credit or save up money for the purchase to qualify.
How do you get paid and is that different from the bank?
Brokers are compensated by the lender that your mortgage is arranged with, and we are paid based on the mortgage amount that a client obtains.
Bank employees can be paid a number of different ways. For the most part they are on salary with commission component and sales targets that they need to hit on a monthly basis, while others are 100% commission.
What’s a pre-approval?
A pre-approval allows us to go through the qualification of just what a client would qualify to purchase for based on income and monthly liabilities, but more importantly we determine the price point that would work best within the budget as well. Qualifying for a mortgage and ensuring that someone can comfortably afford the home as well as live the same lifestyle they are accustomed to is very important and something we would discuss together.
A mortgage pre-approval also allows us to secure a variety of interest rates if needed, all secured for 120 days. This then means that should there be a sudden increase in interest rates you are locked in, and if you decide to go ahead with a purchase during that time frame we know the rates that are available to you. Pre-approvals can be extended as many times as needed so it is not necessary to wait to start the pre-approval process once we are within the 4 month mark of when a purchase may be made, as it is never too early to begin the review to not only get an idea of the most comfortable price point but potentially make changes to credit or savings to reach the goal of home ownership.
What are the costs of buying a home these days?
First time home buyers still have incentives to assist in purchasing, both with the Land Transfer Tax Credit for up to $4k off of the land transfer tax, along with the ability to use RRSP’s for down payment via the Home Buyers Plan.
For a first time home buyer purchasing for $500k or less, the expectation is that you will need approximately 6.5% of the purchase price to have enough for the down payment and closing costs.
For a price over $500k that increases a bit to around 7% required.
In both cases I add an extra 0.5% to cover costs that are often overlooked, such as utility hookups, general moving expenses, etc.
If 7-7.5% is budgeted for there will be no surprises.
Is there any incentive to you for a client to work with one Realtor as opposed to another?
Finding a house is one thing, but communication is key to ensure all goes smoothly from the initial visit to receiving the keys on closing.
I like to be updated on all aspects of the purchase and having a Realtor who knows what changes could impact financing is important.
There are many changes that can be made to the Purchase Agreement that will modify the mortgage, anything from a price change, closing date change, request for work to be completed prior to closing, etc.
Being able to pick up the phone and ensure we are both working in the best interests of our client to make this as stress-free of a process as possible is my goal.
So working with like-minded individuals throughout is always welcome, and while there is no monetary incentive involved, the knowledge of knowing that my client is in good hands throughout the process is priceless.
What does a buyer’s first meeting with you look like?
We will go through their current financial details, expected/anticipated financial details to help plan in order to review the different types of mortgage products that can be a good fit for them.
With the review we look at features within a mortgage that can be good or bad for their particular situation, whether it is the penalties involved if breaking the mortgage early, restrictions on prepayments or portability, the registration type (ie standard or collateral), etc.
There is never any knowledge of their ‘maximum’ purchase price as they find out quite quickly how irrelevant that number is! The price is determined by the monthly costs to be paid, not the other way around.
What kinds of mistakes do you see homebuyers making these days, especially new homebuyers?
The biggest mistake is underestimating the total monthly cost associated with owning a home.
Online calculators which generate monthly mortgage payments are great, but there is so much more to consider on a monthly basis than just that cost that we need to account for. Costs such as property taxes, condo fees (if applicable), utilities and home insurance are all mandatory costs and need to be factored into the equation the same way that the mortgage payments do.
Another would be not preparing for the unexpected. We don’t want to plan for the worst, but we want to plan with goals in mind knowing that
Let’s suppose that a homebuyer is interviewing three mortgage professionals. What are some smart questions that they should be asking so that they know they’ve got the right person?
The first thing is to ask what type of mortgage would be recommended for them.
If the conversation shifts towards interest rate instead of the features within the mortgage you will want to look closer into that or be wary - an interest rate saving of 0.05% over 5 years is minimal if the difference in penalties are $10k+ or more!
It’s also good to have the discussion about making changes or modifying your mortgage prior to closing - you are typically only committed once you sign the documents with your lawyer, but until then you want to be kept up to date on changes within the market or new products that are announced to ensure you are receiving the best offer available.
Also, make sure your mortgage broker works with multiple lenders and banks! Some only choose to deal with 2-3 different lenders which cannot serve all clients needs. While we all have our favourites (quicker turnaround time, efficient customer service, better business hours, etc) our role is to work for the client and obtain the best mortgage anywhere we can, even if it may not be our first choice.
What costs do clients often forget about?
Just that little fees can add up quite quickly when you need to account for a lot of them. The general purchase fees we can predict, but going forward needing to buy a full garage worth of items to take care of a house/backyard can equate to a large cost if you plan on purchasing everything all at once! And maintenance items are more important than furnishings in a house to start
Are there any questions that you get a lot from clients?
What’s your best rate?
There is no way to answer this, and there is no such thing as a ‘best’ rate. The lowest interest rate on paper may not end up saving you the most money in the long run, so the rate becomes irrelevant once we discuss just what is involved within a mortgageWhy do you need so much information and documentation?
Lenders ask for a lot of details in order to meet the requirements set out by the Government as well as their investors. It is all for fraud prevention to ensure proper qualification to keep Canada’s housing market strong - if we can provide this information to prove that you will be able to pay your mortgage going forward it helps everyone to keep costs low and ensure mortgage defaults remain as low as they can beWhen do I provide my down payment and who do I give it to?
The lawyer receives the remainder of the funds after you have provided your deposit with your offer, and you provide those funds to the lawyer right before closing, typically 1-4 business days in advanceWhy didn’t I do this earlier?!?
- It can be a scary thought to have a full review of your financial situation, especially if you have never done that before. I believe most go into this process cautiously optimistic about how it will end up, but when they see how easy it can be when someone is working for them and is on their side. I like to describe the home buying process as complicated instead of difficult - there are a lot of steps involved but we will go through them one by one to ensure each is taken care of before moving on with the next.
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Recorded May 11, 2020
In this episode I interview past client and friend Joel Karwatsky about the challenges of buying in a changing market, which has great parallels for a buyer in 2020. Joel and I also reminisce about some of the stranger things that we saw on his home hunt, including a shocking thing that a seller tried to hide from us!
Joel and his partner Debbie were first-time homebuyers in 2016, looking in the Civic Hospital neighbourhood of Ottawa. After getting into a long and frustrating negotiation with the seller of a home that was attractive but seemingly overpriced, they made an offer on a newly listed semi-detached home on busy Holland Avenue.
The Holland Avenue home sold in multiple offers (16, if I recall correctly) and sold for over $100,000 over the asking price, which was shocking at the time. All of a sudden, Joel was faced with the realization that the market was changing and that he might get left behind.
All of a sudden, the first house (bigger and nicer than the Holland house on a better street) seemed like a much better deal. Many Buyers would let Ego and the frustrations of the previous negotiation get in the way, but Joel and Debbie realized that they needed to act quickly before other buyers and their agents noticed this unplucked gem. . .
Years later, this is a success story and Joel and Debbie still live in (and love) that home.
I'm grateful to Joel for joining me on the show today! He's certainly one of my favourite people that I've met as a REALTOR® and an excellent storyteller.
You can send your questions, episode requests or comments to me at nickfundytus.ca.
Thanks for listening and sharing with someone that can use the advice and insights!
I am not just a Realtor, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
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REALTOR® Christal Cameron joins the show today. Last week she and I worked together on a home sale in Ottawa. She was representing the Sellers and I represented the buyers, in a sale that went into multiple offers and the property sold over asking price. It's a unique opportunity to see behind the scenes of both sides of the transaction!
Recorded on May 4, 2020.
Christal, as you know the Real Estate sector has been deemed essential by the province during the Coronavirus pandemic, but it’s certainly not business as usual. In general, what changes have you noticed among your clients, both those looking to purchase a home and looking to sell one?
I definitely find there is a little more uncertainty. Of course naturally, home buying and selling is a large decision for people to act on, it takes some thought for someone to make a final decision, this has added a little more apprehension.
I’m very glad to get to interview you today, since you and I actually worked together on a file earlier this week! You were representing the seller, and my buyer clients offered your sellers’ home, which actually attracted a few offers. My clients gave the successful offer, so what we have here is an interesting opportunity to see both sides of the same coin, what a purchase in these times looks like for a buyer and a seller. Since the work for a listing starts long before any buyers see the home, can you tell me a bit about what that looked like to prepare the listing?
Very specific research on the market, the pandemic and the property itself.
I pulled up all of the sales that occurred only during the pandemic period and watched for any shifts. I reached out to the Realtors in the neighborhood who accomplished successful sales as well as those who hadn’t and inquired of challenges given the pandemic, what worked, what didn’t, and what they would have done differently.
All of this was taken into consideration for my clients and was tailored to their listing in particular.
I compiled a list for every little detail of the home, any questions I thought may come up. This way all was readily available when requested. Floor plans were created as well as a 3D walkthrough for those who were limited to a virtual viewing.
How did your clients get in touch with you?
Via email/text -Majority by telephone.
How did you do the evaluation of the home?
With a detailed list of the home and pulling up all comparables, as well as consideration of what the sale prices were looking like over the pandemic period and before. Honestly as you know, the market was so insane prior to COVID I was pleased to see that the sale prices remained very healthy.
How did you complete the listing paperwork?
Via electronically, I transitioned to a paperless Realtor in 2015. Of course if someone is uncomfortable, I work around it. But for the most part when clients experience online signatures they are usually thrilled.
You had some great photographs and 3D tour that really helped to sell the property. How did you get that done?
I did have two separate vendors for 3D/photography and video. This being that I wanted to give buyers more online.
Each vendor was required to go through a questionnaire with regards to COVID as well as ensure that it was only themselves in the home. They followed the protocol that was given to them (gloves, masks, wipes) and had a very small time slot to complete the work. I was very happy with the final product.
Did your clients express any concerns about listing during the pandemic?
Of course! We actually had many discussions before going live -Almost daily. I would speak to them of possible options/outcomes and together we were able to come up with a plan they were most comfortable with.
Once you listed the property and the sign was in the ground, the property attracted a fair bit of attention, and from our conversations, it sounded like there were pretty steady showings from the time of listing up until the evening of offers. What did that look like from the Sellers’ side?
My sellers were great! Before listing we decided on specific time slots daily that made most sense for them. This allowed for a clean up in between and a little rest! One of my sellers even conducted a zoom showing with me for buyers out of town and their Realtor. He did fantastic!
What precautions did you choose to take to restrict the spread of Coronavirus during showings and inspections?
All bookings went through me directly and anyone through the home was required to fill out and sign a COVID questionnaire. These forms were implemented by my brokerage.
Not only were these forms signed by those who came into the home but were also signed by sellers.
There was a limited amount of people provided access. No visitors beyond the direct purchasers and no more than 2 at a time, with their professional.
Gloves, masks & lysol wipes were a must.
Very small time slots to view with no overlapping options.
What was your own day-to-day experience during the listing and how was that different than a typical listing?
Well, as you know I was there everyday! The specified time slots were great for me to be available as well as manage the slots effectively. Typically there are no issues having Realtors in at the same time however in this case it was not an option.
I actually called each Realtor ahead of time to let them know I’d provide access and be parked from a distance, this was also to ensure all had proper gear and if needed I had on hand to provide. Each day presented new challenges, which I was flexible to navigate -I knew I would have to be available 100% at all times for this listing.
If you’re advising a homeowner who needs to sell at the moment, what advice would you give them to ensure that they’re going to be successful? What things do you think would be easy to miss?
To set out ahead of time a list of what they are comfortable with and what they are not comfortable with during this pandemic.
There is definitely more physical time and effort that is invested with protocols, cleaning etc. Also a clear understanding that things are changing daily, flexibility is important.
Now, this property is sold but it’s not closed yet. Assuming that the state of emergency is still in effect on closing, what steps will you be taking to ensure that things go smoothly for your clients?
Communication & Education!!!
I am continuously keeping informed with current events, through not only my brokerage (who are amazing) but keeping open lines of communication with my Real Estate Lawyer and clients on the regular.
Christal Cameron Can Be reached at https://christalcameron.yourkwagent.com/
You can send your questions, episode requests or comments to me at nickfundytus.ca.
Thanks for listening and sharing with someone that can use the advice and insights!
I am not just a Realtor, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
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Creating Rental Income by Adding a Secondary Dwelling Unit
Today I interview Danny Dawson, a colleague of mine with experience in creating secondary dwelling units. For the right homeowners or investors, this can be a great way to add utility and income potential to a single dwelling.
This episode was recorded near the beginning of the Coronavirus pandemic. Real Estate has been included in the list of essential industries, but it’s clearly not business as usual. As Danny mentioned, Ottawa has a number of advantages that make it a great place to live including a strong job market, diverse economy and room to grow. One feature of the city is a tight rental market, and part of Danny’s business is helping clients create a secondary dwelling unit, a second suite within their home or single income property to increase rental income.
I chose Danny today because as well as being colleagues, he and I are friends at the brokerage and I trust him to be candid and blunt with his experience. Danny doesn’t sugar-coat his experiences and is straightforward with his failures as well as his successes. Renovation and property investment isn’t for everyone, and he sheds some light on the pitfalls as well as the opportunities.
You can reach out directly to Danny at http://dannydawson.ca/
You can send your questions, episode requests or comments to me at nickfundytus.ca.
Thanks for listening and sharing with someone that can use the advice and insights!
I am not just a REALTOR®, I also love running giveaways with local businesses! Go to https://www.nickfundytus.ca/contest/ to see my latest giveaway contest!
Make sure to check out and follow my social channels!
Instagram: https://www.instagram.com/nick.fundytus/
Facebook: https://www.facebook.com/NickFundytusRoyalLepagePerformanceRealty/
Twitter: https://twitter.com/NickFundytus
LinkedIn: https://www.linkedin.com/in/nickfundytus/
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Today I interview Eli Udell and Noah Potechin! Both are lawyers at Merovitz Potechin LLP in Ottawa, with Eli being one of the firm's partners.
The Real Estate industry has been deemed essential by the Ontario Government during the Coronavirus Pandemic. We discuss why this may be, and what it means specifically for you if you're buying or selling a home during this time, or are expecting to close on a home. Although the industry is active, it's certainly not "business as usual" and we discuss the steps that we're taking on the legal side to keep clients, ourselves, and the general public safe while still making sure the homes can close successfully.
Merovitz Potechin LLP is one of the firms that I refer clients to the most often, and in listening to Eli and Noah it's easy to see why. Although they are both with the firm their opinions are their own and not those of their employer, but they are a reflection of this excellent firm.
You can reach out directly to Eli and Noah via their contact pages.
You can send your questions, episode requests or comments to me at nickfundytus.ca.
Thanks for listening and sharing with someone that can use the advice and insights!
