Fall Home Maintenance Checklist [Sept, Oct, Nov]

As the season changes, how you can best protect your home from rain, snow, and other inclement weather. Home Maintenance does not have to be difficult- here are five tips that will help secure your investment and allow you to enjoy home ownership!

Fall Home Maintenance Checklist


  • Exterior finishes like paint, siding, and stucco can break down over time. Check for these signs of damage: peeling paint, loose siding panels, or cracks in surfaces.
  • Every few months, it’s a good idea to go into your garage and check that the tracks for your door are clear of any obstructions and that the bearings are well-lubricated.
  • Check windows and doors for air and water leaks by examining the caulking.
  • Sow the lawn
  • It’s important to inspect your fireplace and chimney dampers regularly, and clean them if necessary.
  • Check your basement or crawl spaces for leaks or moisture.Have humidifier, furnace and (heat recovery ventilator) HRV serviced
  • Clean and test clothes dryer vent
  • To ensure your safety, please check and reset the ground fault circuit interrupter (GFCI).
  • Make sure to test your smoke alarms and carbon monoxide detectors regularly. This will help ensure that they are working properly in case of an emergency.


  • Inspect your windows and screens for any cracks or separations.
  • To ensure your exterior water lines don’t freeze and cause costly damage, be sure to drain them before the temperature drops.
  • Be sure to check your roof for any problems, including loose shingles or flashing, and make sure that all vents are properly sealed.
  • Inspect your weather stripping for any rips or tears.
  • Inspect caulking around windows and doors for cracks or gaps.
  • Test septic system to ensure it is clean and functioning properly.
  • It’s important to take care of your landscaping in the winter, and one of the best ways to do that is by removing leaves. This will help ensure that your plants are healthy and happy when spring arrives.
  • Depending on the type of furnace filter you have, either clean or replace it.
  • Each winter, make sure to check and clean your heat recovery ventilator (HRV) as well as wash or replace its filter.
  • Flush your water heater to get rid of any sediment that might have built up.
  • Go to your water main and shut off the valve that provides water to your home from the municipal supply.
  • Check your gutters and downspouts for leaves, sticks, or any other debris.
  • Clean the humidifier to prevent condensation and check that the humidity levels are where they should be.
  • Make sure to check and reset your ground fault circuit interrupter (GFCI) regularly. This will help keep you and your family safe from electrical shocks.
  • Be sure to test your smoke alarms and carbon monoxide detectors often.


  • Be sure to check your attic, basement and any crawl spaces for leaks or moisture.
  • Check floor drains to ensure there is water in the trap.
  • Check and see if your furnace filter needs to be replaced or cleaned.
  • Check and clean the heat recovery ventilator (HRV); every three months, wash or replace the filter;
  • Check for any build-up of condensation or humidity.
  • To ensure your safety, please check and reset the ground fault circuit interrupter (GFCI).
  • It’s important to regularly test your smoke alarms and carbon monoxide detectors to ensure they are working properly.

Here’s Why You Should Invest In North Bay Real Estate

North Bay is an opportunity-filled community that is perfect for anyone looking for a balance of a good lifestyle and great job prospects. With around 52,662 people living there and 112,000 in the surrounding areas, North Bay provides opportunities to access larger Canadian and U.S markets while still maintaining a small-town feel.

We are a business-friendly community with low-cost serviced industrial land, multinational businesses living in harmony among beautiful parks and recreational facilities outside of the vibrant downtown core, a state-of-the-art regional health care center, and extensive educational infrastructure.

The rich and varied history and natural environment of North Bay are some of the city’s most prominent features. Fresh air, abundant clean water, plenty of greenery for outdoor activity, and low-density living with all of the advantages of full urban services are just a few of the benefits enjoyed by inhabitants of North Bay and the surrounding areas. Living in North Bay is both safe and inexpensive, from condo-by-the-lake residency to modern executive-style homes to old-world Victorian housing.

North Bay has one of the lowest crime rates in all of Ontario. It is a safe community to live in. Urban North Bay straddles a land bridge between the Ottawa River and the Great Lakes basin. Trout Lake, at the city’s eastern border, is the headwaters of the Mattawa River and source of its drinking water, which holds distinction as one of Ontario’s best-quality drinking water sources. The waterfront area on Lake Nipissing in North Bay is the city’s beating heart, featuring a beautiful walkway graced with lovely gardens, a museum, and a public marina.

If you like the outdoors and want bigger city amenities while still feeling a sense of small, secure community, the North Bay is an ideal spot to reside.

northbay beach

History of Northbay

North Bay has been a transportation centre since its inception as a Nipissing First Nation village in the 17th century. The Voyageurs, a renowned system of rivers and waterways that led to the interior of North America and along which many legendary explorers traveled in search of fame and wealth, run through North Bay.

The waterway that Samuel de Champlain explored in 1615, the Ottawa and Mattawa Rivers’ waterway, runs along an ancient fracture in the Canadian Shield that now serves as the backdrop for North Bay, Ontario’s North Bay escarpment. The trans-continental railway was blocked by a topographic barrier; therefore, it hugged the shores of Lake Nipissing rather than passing through this area.

The construction of the Canadian Pacific Railway, the Canadian National Railways, and the Ontario Northland Railway established North Bay as a major transportation hub for its surrounding areas. The arrival of these railways allowed lumber and other natural resources to be traded more easily, jumpstarting local economies.

The availability of key resources (nickel, iron, copper, gold, platinum, silver and cobalt) drew industrial development to the area. As mining and lumber industries prospered in the nearby regions, North Bay became a hub for supply and regional education and health care. The city also developed thriving personal and professional services sectors.

The Future Has Already Begun in North Bay

North Bay is welcoming a new wave of people as a result of community engagement efforts such as the “Growth Community Improvement Plan,” which was designed to encourage individuals to work, live, play and learn in the city’s core. North Bay is welcoming a new generation of residents as the City strives to maintain a diversified and resilient local economy. Community improvement plans enable municipalities under the Planning Act and Municipal Act to create possibilities in exchange for private sector investment and development in targeted areas of town.

The “Downtown Target Area Plan” for North Bay has the following goals and objectives:

  • Create new, long-term employment or full-time equivalent work opportunities;
  • In order to Stimulate Downtown Growth, Encourage Infill Development.
  • Improve the physical condition of buildings while providing new usable space.
  • Increase the number of apartments;
  • Increasing the number of professional workers will help improve your business.
  • Determine whether any previous attempts have been made to increase value or improve the look of your home, and if so, when.
  • Develop vacant or underutilized spaces or properties.
  • Bring in customers;

The City of North Bay’s Official Plan designates 4 target areas, one of which is the Downtown. In total, 35 applications have been approved for these areas. The private sector will invest approximately 97 million dollars in contrast to the 1.2 million dollars coming from the City. This project will also create around 213 jobs and 251 residential units, making North Bay a more vibrant place to live in Northern Ontario.

The City of North Bay

North Bay is a region rich in culture and natural beauty. Home to many small communities, it boasts some great institutions such as NorthBay Medical Center or Thibeault Terrace Community Center that offer something for everyone! The opportunities here combine the outdoors with industry; this area has an advantage when pursuing your career choice because there are so many different sectors available – from aerospace manufacturing through information tech savvy technologies like software development companies who specialize on cloud computing platforms . It would be easy-sided if you thought about how much more advanced our society actually becomes nowadays due largely thanks to these innovative minds coming out of nowhere within reasonable distance apart just waiting patiently until they’re needed.

The city of North Bay is home to two world-class post secondary institutions, Nipissing University and Canadore College. Together they enroll approximately 9000 full time students each year

While the roots for both schools extend back many decades in history with The North Bay Normal School evolving into what we know today as Laurdian university who was then able receive its charter as an independent institution becoming one primarily attended by undergraduate learners but also interested professionals seeking Arts & Sciences careers or skilled trades training programs.

North Bay’s construction and manufacturing industries are diverse. With capabilities that range from design-build/support services with teams of qualified architects, designers engineers contractors fabricators builders specializing in industry commercial civil residential projects North bay has implemented an successful strategy for these sectors by attracting complementary companies who engineer products made globally market ranging anywhere between fuel cell powered locomotives to building consumables such as drills holes pedal boats servo writers etc.


Did you know…

North Bay ranks as the #1 place in Ontario to buy real estate

MoneySense magazine ranks North Bay as the #1 place in Ontario to buy real estate.

North Bay is the No. 1 U-Haul® growth city in Canada

U-Haul names North Bay Canada’s top growth City for the second year in a row.

One of the top 20 best investment locations in Canada 

Site Selection Canada recently recognized North Bay as one of the top 20 best investment locations in Canada.

Most affordable real estate region in Ontario

Toronto Storeys lists the City as the most affordable real estate region in Ontario.

2020 Winner of the fastest Mobile Networks 

The City was also named the 2020 winner of the fastest Mobile Networks by CMag.com.

One of the most livable places in Canada

Ratesdotca’s 2021 Livability Report ranks the City of North Bay 48th out of 166 communities in Canada as one of the most livable places, based on a variety of criteria. One of the many advantages is the affordable average price to purchase a home at $270,400.


What kind of government-funded projects are coming to North Bay?

The Ontario government will invest $10.2 billion over the next 12 years in rural and northern communities as part of the Investing in Canada Plan. This is in addition to the federal government’s investment of more than $180 billion for public transit, green infrastructure, social infrastructure, and trade and transportation corridors.

Should I invest in North Bay?

3 Reasons to Invest in North Bay. There is a large student population in North Bay, making the rental market tight. This creates opportunities for investors. The city continues to grow, with new businesses and developments popping up all the time. North Bay is a beautiful place to live, work, and raise a family – meaning there will always be demand for housing here.”

Because of the high demand for rental housing, you won’t have to find a tenant. You will be found. Second, North Bay is an industrial city with a significant number of inhabitants who work in manufacturing industries. The city has devised a successful approach for these areas by attracting and retaining a wide range of complementary workers who develop products for the global market. This is another group of people in need of housing, especially as the sector expands and attracts more local and international workers. Finally, with the epidemic raging, North Bay is a dynamic city with outstanding growth potential that has lured individuals from all across Canada who work remotely now due to the pandemic. The possibilities are endless in this area.

Why should I buy a condo in North Bay?

New condos not only allow you to select your design finishes like flooring, tiles, faucets, cabinets, and countertops but are also clean and energy-efficient, requiring far fewer repairs (if any) than your average “resale” home. This is especially important if you are buying a condo in North Bay as an investment.

Your tenant’s rent will cover most or all of your monthly expenses, plus maintenance fees and TARION coverage will keep your investment in good condition. You can live anywhere in the world and know that your property is being taken care of.


How to Build Equity in Your Home

One of the primary goals of home ownership should be the building of equity in your home. Equity is simply the difference between the current value of a property and the balance of all mortgage obligations.

For example, if you have a home that is valued at $375,000 (based on an appraisal or a Comparative Market Analysis) and a mortgage balance of $175,000, you have $200,000 ($375,000 -$175,000) equity in your home. As long as the market remains stable, this is like money in the bank. As your house value increases over time and mortgage payments you make reduces the level of your debt, your home equity increases.

Why Equity in a Home is Important?

Simply stated, the appreciation of equity in a home is one of the easiest and most successful paths to wealth that is available to you. To a large degree, it is almost painless—you make the mortgage payment that you would have to make anyhow and the balance is reduced. The value of the home, meanwhile, is rising. As a result, your nest egg should be growing. The quicker you find yourself at 100% equity—owning nothing on your home—the quicker the route to less financial stress and true wealth.


How to Build Additional Equity?

There are a number of ways to build additional equity in a home, some easier than others but all effective:

1) Higher initial down payment
The most obvious way to build additional equity is at the first opportunity—making a larger down payment at the time of purchase. This extra money is immediately “banked” in the home, making it much less tempting to spend.

2) Extra principal payments
Making extra payments of principal (or just adding money to your monthly payment designated to go to principal) has a double effect on your equity. First, every dollar you contribute reduces your debt by the same amount. Second, reduced debt means less interest paid, which means that each month more of your payment goes to principal and less goes to interest.

NOTE: Although most loans allow it, check with your lender to see if they accept extra payments of principal with no penalty.

3) Shorter mortgage term
The lower mortgage interest rates that we have seen recently means that for many buyers, they are able to either initially secure a mortgage with a shorter term or, if the are currently in a long term mortgage (such as 30 years) refinance and get a shorter term. Shorter mortgage terms mean that you will be paying down your principal much quicker and therefore gaining additional equity at a much faster rate.

4) Home improvements
When you improve the quality or size of your home, you also increase its value and thus your equity. Be aware, though, that although virtually all home improvement projects will bring some return, some are much more advantageous than others. For example, remodelling kitchens or bathrooms traditionally have brought a greater return than adding leisure amenities such as pools or whirlpools. To get the maximum equity enhancement, make certain that the kind of improvements you want to make will increase the home’s value appreciably.

How Your Local Real Estate Agent Helps You to set the right search radius.

When buying a home, it’s important to find the right location. We can help you narrow down that search radius so you don’t miss out on your dream home!

Finding a home is easy when you have a lot of options. It’s much harder to sort through all those listings and find a home that works for you and your family. It all comes down to location! It can be hard to manage your commute, school districts, and other amenities in your neighborhood. Setting your home search radius is an important part of making sure you have everything you desire from your new home.

Local expertise is required to set your search radius. Local knowledge is essential to help you define your search parameters. This will ensure that you don’t waste your time looking at houses that don’t have the amenities or schools you desire. Focused search is key to finding the right home in a market with many properties still available. Find out how a local agent can help you narrow down your search.

What is a Search Radius?

Search radius is a search which allows you to choose a central point, and then search for homes in a circle that is equal or less from that point. Your search radius is simply the area where you are most serious about finding a home. A search radius may be set with your school or work at the center. This assumes that you won’t need to travel far to return home at the end of the day. A search radius may be set around desirable neighborhoods to find amenities and features that you like.

It’s not easy to set your search radius. Different areas may have different transportation options, neighborhood features, or school districts. It’s not as easy as drawing a circle on the map to set a search radius. You will need to make complex decisions about property prices, neighborhood characteristics, budget, priorities, and other factors.

How does setting a search radius help with your home search?

When you start looking for a home, it is essential to define your search radius. Great properties are rare in GTA’s hot market. This makes it crucial to narrow your search so you don’t miss the right property. By focusing your search in a specific area, you can make the most of your time and ensure that you are able to move quickly on the right property.

Your search radius doesn’t have to be a permanent part of your home search. Your search radius will change as you discover more about the properties available in the area. This is due to factors such as your budget, availability of property, and your knowledge of the surrounding neighborhoods. This knowledge can be used to help you focus your search efforts.

Local agents are neighborhood experts

You’re not just buying four walls and a roof when you buy a home. Each neighborhood has its own features, amenities, and drawbacks. It can be difficult to understand what you should expect from your new house if you aren’t moving within the same community.

The best local agents have a deep understanding of every aspect in their communities. Your local agent will help you set the right search parameters to ensure that you only look at homes that meet your criteria. This includes helping you understand neighborhood pricing trends, evaluating local transit options, and knowing all of the cultural features, educational opportunities, and restaurants around. A home located a little outside of your initial search radius might have the features you are looking for, as well as better traffic or transportation options that may work with your search priorities. Contrarily, you might not find the best neighborhood features in a home located closer to your search radius. A local expert can help you narrow down your options and locate the most suitable search area. An hyperlocal agent can help you identify potential properties and neighborhoods that match your criteria.

Local agents are also connected. Local agents are connected to other agents in the region and can help you identify potential sellers who may not have yet listed, but might be open to accepting an offer. A local agent’s expertise and advice can help you adapt to changing circumstances and find the perfect home.

Team Arora is in Your Neighborhood

Team Arora has 3 offices throughout Brampton, Mississauga and Halton Hills. This gives you unparalleled local knowledge for your home search. Team Arora agents can help you locate hidden gems in unfamiliar areas. They combine hyperlocal knowledge with a wealth information about the culture and real estate market.

A professional will give you the best advice about location, price, and neighborhoods. Your success is our goal. We will help you assess your options and make the right decision for you and your family.

If home means more, you need a team with more to offer

We know that your home is more than four walls. Selling or buying a home can be a major decision. Our homes are more important than ever. Your local Remax Team Arora’s agent will be there to help you every step of your journey, from helping you find the right home to connecting with experts in title and mortgage. We’re there to help, no matter if it’s the beginning or end of a story.

How can you buy pre-construction condos in Toronto?

Buying Pre-Construction Condos in Toronto

How To Buy Pre-Construction Condos In Toronto – Today’s pre-construction market is not the same as it was five years ago. This was when almost any investment was a sure win. To make informed decisions about your options, you will need to be educated on the reputation of developers and do a thorough analysis of projected values.

Pre-construction buying can be complicated. I have been in the market for more than 13 years and have represented hundreds upon hundreds of buyers. I understand how daunting this process can be.

This guide is my attempt to help you understand the buying process. I will also explain what you can expect from working with me and my team, as well as how we choose good projects for clients.

Benefits of Buying A Pre-Construction Condo In Toronto

  • Extended Deposit Programs are available for many new projects
  • A VIP/Prestige Broker can help you get in the door first and make money within the first few weeks of the sales process
  • Buy at today’s prices by purchasing strategically and doing the right analysis
  • Clear and well-defined steps are required to buy a home.
  • Your investment will appreciate
  • Condos that are newly built tend to rent for less and sell faster than those that are older.
  • A mortgage is not necessary right away.
  • You have the option of renting or selling your property.
  • The Benefits of Working with a Pre Construction Broker
  • Let’s get the facts straight about VIP and Prestige Brokers.
  • A pre-construction buyer should work with a broker who is familiar with the market.

This applies to any investor, but it is especially important for first-time buyers. It is important to have someone who represents your best interests.

TRB has strong partnerships with many of our representing sales teams and has established relationships with some of the city’s most influential developers. This status allows us to be designated VIP or Prestige.

Working with a broker that is truly VIP is one of the greatest advantages. They get first access to suites once they are released. Their client can purchase at the lowest launch price, which allows them to make the most of their money.

Did you know that the developer covers all fees associated with your condo purchase before construction? A professional is available at no additional cost (only $0.00).

A financial expert broker can help you avoid being caught in a bad deal with bad developments. A pre-construction broker who is experienced will be familiar with assignment clauses, deposit structures and levy caps. These are all important elements that go beyond just signing the contract.

How Pre-Construction Condos Are Sold

The process of selling condos is the same for most developers in the area. To ensure smooth and easy selling of condos, they partner with experienced brokers who have worked with them.

As a Prestige Broker and VIP with some of the top developers in Toronto, I have refined our process to ensure that our clients get the best price, access, and understanding when buying pre-construction in Toronto.

This eBook is a compilation of everything I know, and everything my clients want. It will help you understand the process of buying condos in Toronto that are pre-construction.

This guide is packed with helpful tips and deposit structure examples. It also covers what to do after you have purchased your property and how to get it back to you. This guide will be helpful to anyone, whether you are just beginning to learn about pre-construction.

Click the button below to download. If you have any questions, would like to schedule a time for chat, or would like to discuss any one of our top preconstruction condo projects please get in touch immediately.

The Need of Real Estate lawyer as a buyer and seller

Ever wonder why your favorite movie stars look so beautiful? You might also wonder why the coffee shop you frequent is always clean and well-decorated for each season. They have a team that is meticulously focused on every detail.

Think about the many professionals who are there to help you find your dream home. You have more than your Real Estate Agent. There are many people who can help you find the right home for you, including a Real Estate lawyer.

Role of a real estate lawyer as a buyer

    • Check out the Agreement of Purchase as well as all other legal documents
    • Verify that there aren’t any claims against the property
    • Arrange for Title Insurance
  • Check that you have a valid title at closing
  • Make sure your property taxes are current
  • Calculate the land tax due at closing
  • Prepare the mortgage documents
  • Close the transaction and make sure all financial and legal conditions are met
  • With the seller’s lawyer, exchange legal documents and keys

Role of a real-estate lawyer as a seller

  • Before you sign, make sure to read the Agreement of Sale.
  • Assist with negotiation of terms and conditions
  • Prepare the deed for your house
  • As soon as title problems arise, deal with them and resolve them
  • Close the transaction
  • Make sure all legal and financial requirements are met
  • With the buyer’s lawyer, exchange legal documents and keys

You now have a better idea of what a Real Estate Lawyer does. It’s time for you to find the one who will represent you during the entire transaction. Your RE/MAX Agent will be able to help you choose a Real Estate lawyer. They often work with trusted professionals. For more information, you can visit our Finding a Real Estate Lawyer post.

Real estate investors in Ontario: strategies to avoid capital gains tax

How to reduce taxes on the sale of Canadian real estate

In this article, we’ll cover everything you need to know about reducing taxes on the sale of real estate in Canada.

1. Capital gains treatment. 

First, you can reduce taxes by calling the capital gain from the sale of Canadian real property a capital gain. Capital gains mean that only half the profits from your Canadian real-estate sale will be taxable to you. 

Let’s say that a real property sale profit is $100,000. This means that only $50,000, or half of the gain, would be taxable at your marginal tax rate. This formula calculates the profit from real estate sales in Canada. Net sales minus cost equals profit or loss. The selling price is the net sales proceeds, while the cost is the original purchase. The original purchase price must be included on the purchase and sales agreement when you purchased the property. The property’s cost can include closing costs and land transfer tax legal fees for tax purposes. To arrive at net sales proceeds, you can also deduct commissions and selling costs.

2. Maximize capital improvements

Maximize capital expenditures in order to maximize capital improvements and lower property sale taxes. Also known as improvements, capital expenditures are also called capital expenditures. A lower price will result in a lower profit when you sell your property.

Let’s say you decide to replace all your windows. Window replacements can be expected to last between 10-20 years. This will increase the property’s tax-free life expectancy. These windows can be considered capital improvements and added to your property’s cost. Because repairs are not considered improvements, they won’t increase your property’s value for tax purposes.

Repairs are deductable as a current expense in your Canadian tax return. Repairs include painting, fixing leaky faucets, shampooing carpets and fixing holes.

3. Do not claim capital cost allowance.

You must consider depreciation and capital cost allowance when selling a Canadian property. Tax-deductible depreciation is the cost of physical wear and tear on your property. When you sell depreciable assets, such as Canadian real property, the capital cost allowance that you claimed in previous taxation years must be included within your taxable income for the year of sale. This is called recapture.

Let’s take, for example, $100,000 in capital cost allowance that you have claimed to date. This means that $100,000 of capital cost allowance you have previously claimed will be added to your taxable income for the year of sale. You will not be able to claim the capital cost allowance if you don’t. You should calculate the capital gain from your real estate sales. Maximize capital improvements and include capital cost allowance.

We are working real estate lawyers specialize in helping people with a variety of options when it comes to protecting their investments from capital gains tax. So let us show you our experts expertise by taking a look at your situation and advising on strategies that work for your needs.

Schedule your free consultation now!

Why Real Estate Syndication is a great option for Investors

A lot of people think that they need years before being able to move onto their next investment property but this couldn’t be further from reality! One great option for gaining financial momentum is through what’s called “real estate syndication.” Using property syndication method will allow investors like yourself leads them quickly towards becoming financially stable while still having control over all aspects including planning, acquiring property, satisfying registration and disclosure rules, and marketing allowing even greater return on cost than if purchased individually at market rates because fellow entrepreneurs may have lower overhead costs due simply by working together rather then Each person doing things separately.

If you’re eager to learn more about real estate syndication and how it can help your finances in the fastest way possible, keep reading.

Owning a piece of property can be a great way to invest your money and see some serious returns, but it can also be expensive and little bit risky.

The risks associated with real estate investment are well known – you could lose your investment if the property value goes down, or if you’re unable to find a tenant or make mortgage payments.

Real estate syndication is one way to help mitigate these risks. By pooling resources together, you can spread the risk among more people, and reduce the impact that any one individual’s misfortune might have on the group as whole. And if everyone in the syndicate does well, everyone profits!

Real estate syndication is a great way to get into the property market without having to go it alone. By teaming up with other investors, you can share the costs and benefits of owning property. This can be a more affordable and less risky option than buying a property on your own.

Not only will you be able to invest in some of the best properties in the market, but you’ll also have access to expert advice and support from the rest of the syndicate. This can be an invaluable resource when it comes time to make decisions about your investment.

In most cases, there are two roles in real estate syndication: the syndicator and the investor. The sponsor is also known as the syndicator.

What you’re best suited for is determined by your talents, competencies, means, and funding available.

The Difference Between Crowdfunding and syndication

In the last decade, the terms “syndication” and “crowdfunding” have been used interchangeably. These two words, however, are not synonymous. Investors are found through syndications, which are financial interactions or partnerships between them. One method of locating these investors is to use crowdfunding.

What is real estate crowdfunding?

The process of seeking for and engaging investors is referred to as crowdfunding. It might be utilized for a variety of reasons outside real estate syndications. You may have come across or given money to a GoFundMe site, for example. “Crowdfunding” would be the catch-all phrase that describes this sort of marketing and accepting fast cash. Entrepreneurs or individuals wanting to start up a new business or buy real estate might also crowdfund – they can create a blog or website where they advertise their objectives in the hopes of gathering a “crowd” of investors. Each type has three basic types: equity-based, donation-based, and debt-based.

What is a real estate syndication?

Signing over your partial investment and agreeing to the conditions set by the project’s manager is how syndications work. You can then leave the rest of your decision-making responsibilities to the project/investor manager, who will hopefully help you achieve your agreed-upon return on investment. The following are some of the major advantages of investing in syndications (1) the ability to invest in a larger transaction than you could do on your own, (2) you don’t have to worry about day-to-day specifics and procedures, and (3) at the same time, you may potentially make more money than with a smaller solo investment.

Make sure you choose your position wisely.

If you’re good at finding and managing houses but don’t have a lot of cash, a position as syndicator might be ideal. The sponsor searches for and secures the property with a contract, usually controlling the investment as well. Occasionally, the sponsor will put in a little bit of money (maybe 5%–10%).

The syndicator typically receives an acquisition fee for bringing in the deal, which is essentially a commission. The fee varies, but it averages around 1%.

The lender provides the funds to purchase, renovate, or operate the property. The syndication is complete once it’s secure or sold in a planned exit strategy. Those members are looking for a passive role in which they put their money into the deal and receive a return on that investment every month or quarter.

The sponsor receives a share of the profits, regardless of whether or not he or she put money down. The sponsors, on the other hand, offer the other investors an annual “preferred return” ranging between 10% and 12%.

There are several options for sharing the profits.

Consider the following scenario. You’re a sponsor who bought a property for $1 million. Four lenders provided $250,000 to make up the total of $750,000, but all five of you have agreed to invest in 20% of the business.

A deal has been done between you and the other investors. You’ll receive a 1% fee of $10,000, which is a total of $1,000 each. The building’s yearly net operating income is $80,000. Each investor who put cash in receives a 5% preferred return, or $12,500 per person. You distribute the remaining $30,000 five ways at a cost of $6,000 each.

For the investors, this is a 7.4% yearly return on their money. That’s in addition to any appreciation in the property they may profit from when it sells. You’ve made $16,000 without putting any of your own money into it as the sponsor.

If the property is managed by a third-party property management firm, this scenario takes place. You may charge a management fee based on rents if you,

Let’s assume the group agrees to pay you to collect rents, maintain the property, pay the bills, and keep it in good shape. They’ll give you a 10% management fee on $120,000 gross income. This is $12,000 more than the $6,000 profit you’ve made as a return over the previous five years.

Of course, you don’t have to split the returns equally. You could give 70% of the profits to the passive investors and 30% to you as the sponsor. It’s possible that 80/20 or 50/50 is more appropriate. It’s up to the syndicator and investors to work it out. It might be connected to how much effort you invested in getting and maintaining your investment.

If you buy a home with a lot of work ahead of it and will handle it on your own, you should take a greater percentage of the profits. Evicting tenants, maintaining the property, or making improvements to make it more appealing to renters might be necessary. That’s unquestionably worth more money.

Make a decision.

Syndications are generally set up as a limited liability company or a limited partnership. The sponsor in these instances is referred to as the managing member or general partner, depending on your state’s legislation. Limited partners or simply members make up the investors.

The possibilities for a syndication agreement are endless. To assist you in drafting a contract that protects everyone, get guidance from an experienced real estate lawyer. Working with someone who has prior syndication expertise is ideal.

Make sure everyone is on the same page at all times by establishing voting rights and communication standards. You may also want to hold quarterly lunches or meetings to talk about the property’s development and future steps.

Exercise caution

While being a sponsor appears to be an excellent opportunity, you have a significant duty to your investors. They’re counting on you for knowledge and diligence, as well as for fiduciary care of their money. You must be skilled at active asset management, but you’re also responsible for reporting and accounting. As a result, you’ll need the ability to manage files effectively.

Make sure you can do the job well when you’re applying for investment funding for a project. The sponsor’s duty is usually to handle any issues that arise, and your passive investors are inactive for a reason. They don’t want to deal with the day-to-day frustrations of operating an income property. That’s why they pay you extra money.

Keep a close watch on the situation, and be ready to respond to risks as they arise. To advise your investors on the property’s exit plan, as well as suggested selling windows.

Despite the difficulties, real estate syndication may be a success for real estate investors. Just make sure you put in the effort and have faith in your partners.


How To Boost Your Home’s Curb Appeal This Spring

This Spring, enhance your home’s curb appeal to improve its attractiveness to potential buyers.
Spring is a fantastic time to put your house on the market! Spring’s momentum is rapidly increasing, but many homeowners are still concerned with thawing ice, a coating of muck, and even snowfall. With changeable weather in the early spring months, achieving that stunning summer curb appeal may be tough. While buyers are well aware that the spring weather has an impact on how people see your home for sale, making that ideal first impression is never far from their thoughts when selling theirs.

We have some fantastic ideas for making your home’s curb appeal outstanding in this spring months.

Keep your home clear of debris as the snow melts.

Spring is coming, which means the snow will start melting! All that snow covered up all the extra clutter on our porch lawn. Now it will be melted, and we have to deal with all of that mess!

This can be an excellent opportunity to clean up your home’s exterior and increase your curb appeal. By following our tips, you will make your house look amazing and get it ready for potential buyers. Curb appeal is vital in getting people interested in your property – so make sure to follow our tips!

Actually, Cleaning up your exterior space is essential to giving that excellent curb appeal. Remove any waste bins, trailers or boats from the driveway so it’s clear and easy to see what you have available for potential buyers who are looking at moving into their next home! If there’s anything left behind like gardening tools in summertime, then be sure not forget about them as well – this will only help improve how attractive our neighbourhood looks on foot when people pass by walking along Main Street.

It may seem like some small tasks, but they can make a difference if taken care of. By cleaning up your home’s exterior, you can make it look nicer and improve its value.

Create an Inviting Entrance through your door.

It’s all about making a good first impression! Make an impression on potential buyers by setting the stage. It is entirely feasible to accomplish with little effort.

While watering the ground and planting a beautiful garden may not be possible until later in the spring, including a few hardy container plants will brighten up your doorway while Mother Nature catches up! Tulips, daffodils, and hyacinths are wonderful, hardiespring flowers that will provide a lovely burst of color. A modest amount of durable greenery is also permissible. You could keep your container plants in the car or in the mudroom till the storm passes or overnight temperatures rise.

Paint your door and trim on your front porch to bring fresh life into your home after a long winter and to brighten it up. You may either keep the same colors or try something new for fun.

Finally, a welcome mat is an excellent method to add warmth and color to your front walk. A simple welcome design on a clean coco coir welcome mat will go a long way in making your outside more inviting.

There are a few more reminders to bear in mind while designing an appealing threshold is that less is better. It’s tempting to go overboard, but it may ultimately be distracting to your home’s natural appeal. A clean, bright entryway is preferable to having too much clutter. For additional ideas on decluttering your house, check out our blog post about organizing your possessions.

Use artificial turf to revive your damaged lawn.

Front yards are the first thing potential homebuyers notice about your property. If it’s looking worn or outdated, they may walk away without considering listing with you because of how unimpressive that area is compared to other listings in better condition.

Front yard upgrades can be costly and time-consuming, but if done suitable – even synthetic lawns- will make any house more appealing on paper (and maybe turn heads before someone walks down those curb appeal streets).

Installing our artificial turf will revive your damaged lawn, make it look new again in just a few hours, and increase your curb appeal. Plus, you won’t have to worry about pesky maintenance or watering.

Keep up with Springtime Home Maintenance

When your house is in need of attention, it’s easy to see. As a result, keeping up with your spring home maintenance should always be at the top of your priority list, especially if you are selling your property. Cleaning out and maintaining your gutters will improve the curb appeal of your property and get it in the best shape possible for purchasers.

Adding some exterior lighting, either functional or decorative will impress buyers and boost your home’s curb appeal. This is especially beneficial during the spring since we know that the days are starting to get longer, but evening showings may still be darker hours of the day. Since the exterior is often a great selling point, consider adding conversation areas or outdoor living spaces.

Finally, make sure your entrance and pathways are clear of snow, mud or ice as well. Depending on how many showings your home has scheduled, you may want to incorporate this into your daily routine so pathways are clean and clear at all times.

Mississauga Location

268 Derry Rd W Unit 101, Mississauga, ON L5W 0H6

Brampton Location

2 County Court Blvd #150, Brampton, ON, L6W 3W8

Halton Hills Location

23 Mountainview Rd S, Georgetown, ON L7G 4J8