On this podcast, episode 160, Adrian and Ariel continue talking about their recent blog post the Kormendy Trott team posted titled: Buying Your First Home: The Ultimate Guide. This Podcast focuses primarily on Tips for Home Investors!
Foreign Investing – The market is drawing people from all over the world, not just Americans, as property values and availability continue to rise in the United States. North American neighbours are also flocking to the area to look at properties that could be turned into valuable rental units. Canadians accounted for 19 percent of overseas homebuyers in the United States in 2014, outnumbering all other countries, including China and the United Kingdom.
2. Renovating a Home – Remodeling specific portions of a single-family home is a wonderful way for homeowners to boost the property’s functionality and beauty at no cost to them. By picking the correct project to improve your living space, you can pass on a considerable percentage of the cost to future owners in the form of higher property values.
3. Monopoly – Real-life Monopoly can make real estate investing enjoyable. Starting with a few low-cost rental homes is a good place to start. It is considerably easier to manage rental properties when they are close to each other. The rehabilitation of a run-down house could raise property values in the area.
All of that and more on KT Confidential – Real Estate Podcast.
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Episode Breakdown:
00:00 – Intro
04:17 – Variety of options
11:55 – KT’s foreign Property
17:34 – Characteristics vs Numbers
23:22 – Brisard Property
32:34 – Balance of Wants and Needs
37:33 – Attracting high quality tenants
41:21 – Monopoly
45:01 – Outro
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Watch the previous episode here
Catch clips and highlights of the show here
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two of them compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.
