4 Tips From A 4plex Owner

Triplex On It's Tippy-Toes

Guillaume shares why he DID NOT purchase a property due to the outcome of an Expert Report followup on a standard building inspection. An Export Report is conducted when a building inspection comes back inconclusive about a particular item or if there is reason to consult an Expert Opinion on a component of the property. Y’all know how I feel about inspections and this story only further emphasizes why they are so important. Spoiler it - Guillaume eventually did find an apartment to buy in the Plateau of Montreal and just moved in last month, but I wanted to share this story because we haven’t talked about expert reports before and I also find his journey to be a great reflection of the realities of the current Montreal real estate market. Be sure to check out Guillaume’s local business pick: 📷Khyber Pass - Le Plateau-Mont-Royal - Photos, Menu, Avis Restaurant & plus - RestoMontreal [https://www.restomontreal.ca/resto/khyber-pass-montreal/1027/fr/]

Short Term Rental Riches

We broke the rules and brought a non-Canadian onto the show, but his knowledge about real estate and the short term rental game can be applied to real estate in Canada as well. Short Term Rental Riches, Tim Hubbard, shares his expertise on short term rentals and shares his why real estate. You can find https://podcasts.apple.com/ca/podcast/short-term-rental-riches/id1488518397  You learn more about Tim, find his recommend resources and sign up for his Masterclass on short term rental strategies at https://restmethods.com/  And if you’re ever in Medellìn, Columbia be sure to check out https://www.vervesano.com/?fbclid=IwAR3c4NS06d-KldUkMZYLdhkPEa_ftFVbME2RaOaajQPMwAZogADELCTzQpY

Miniseries 3/6: Sourcing your team!

There are several professionals that you will inevitably encounter throughout a real estate transaction. In this episode, we we review the most common stakeholders, their roles and some tips to choose the right professional for you! We speak about: 1. Real estate brokers 2. Mortgage brokers 3. Building inspectors 4. Notaries/Real Estate Lawyers with some honorable mentions of other professionals you will want to have on your radar. Listen to learn some DOs and DON'Ts in choosing your real estate team.

Nuisance Of A New Build

Amir shares a cautionary tail of the importance of inspections, even in new build situations. He tells us about his luck with a builder who had their permits taken away and how he was lucky to be left with just a faulty tub and not a leaking roof, like his neighbor.  Amir also suggests visiting https://www.zomato.com/montreal/golden-bol-bol-dor-brossard/menu if you are ever in Brossard, Quebec.  If you're interested in following the Trigone story further, you can check out https://www.townoflaronge.ca/habitats-trigon-loses-everything-to-rbq/.

4 Tips From A 4plex Owner

In our first episode of 2022, Residential Real Estate Broker and quadruplex, Jon Ehrlick , takes us through his experience buying his first revenue property. Listen to hear about what he wishes he knew before going into the transaction and learn what he did to save himself thousands of dollars through DIY. He makes the permit and renovation process seem a little less daunting! Here are 4 takeaways from our conversation: 1. understand that revenue properties are a people business and you could be dealing with tenants of all sorts 2. when getting a quote for renovations, be sure to get at least 3 and see if you are able to save by doing some of the work yourself 3. when conducting renovations, talk to your city planning and architecture departments before investing in your plans 4. check in with your tenants regularly, to avoid learning of squishy floors and problems before it's too late Jon is also a leader of the Montreal Elite (an EXP brokerage team based in the west island of Montreal). If you're looking to buy, sell or are an aspiring broker looking for a tribe, you can see Montrel Elite team and listings at https://www.eliterealestategroup.com/.  For his local shoutout, Jon chose Solage Solide, a foundation repair company in Vaudreuil-Dorion, QC.