this guy is really optimistic. 100% he's reselling it. rent for a 1 bedroom in sarnia goes for 800-1100 depending on location. a 2 bedroom from 900-1500 depending on location and what u get in amenities and stuff. and this guy wants 1500 a month furnished for a 1 bedroom apartment with a murphy bed. 100 bucks he's gonna rent it out to a friend that will pay that crazy amount for a year and then resell it and use that as proof of the properties income to refinance or sell it. i love this channel and ive learned a lot from it. not trying to bash it. but id greatly appreciate how some of these investors come up with their rent pricing
You’re completely wrong on this one. Kory has been doing this for years and specializes with furnished executive rentals. I’ve known him for years and he’s highly regarded in my circles. That said - I understand your skepticism- there are a lot of less scrupulous investors who do partake in the practices you’ve outlined.
Thanks Matt! I’m happy to give anyone a tour of my properties. I don’t plan on selling this property now after the crazy cash flow we created! If the bank or the appraiser don’t like my rents, they will always right size them anyways!
I really loved #Kory breakdown on his repairs and expenses. The #keytakeaway is 1) getting opinion of trade experts(roof, Electrical, plumbing, structure etc,) is more important than just Home Inspector report which is kind of generic... 2) Having Furnished rooms with low cost investments using kijiji or Craigslist for attracting Tenants. I liked the murphybed concept too... Because of wall bed that room look really spacious. Thankyou #Matt Great video 😍 again # love your colorfulsocks 🔰02:24
I hope he starts a TH-cam channel. If he shows how he analyzes, walks, and negotiates a deal and then shows the whole renovation that would be awesome.
Good vid to show you how to do a brrrr focused on maximizing rents and being smart of where to upgrade and reno where are these deals though in London?
Matt, in many of your videos, you talk about how you don't work with property managers much and manage your properties yourself. In David Greene's BRRRR book, he is quite adamant that in order to scale and run a real estate business and not a real estate "job", you should automate everything and try to become as hands-off as possible. Thoughts on this?
You gotta put these ads and shoutouts at the beginning or the end of the video or at least do a better transition. It's jarring, distracting, and takes away from the valuable info you and your guests are trying to deliver.
I guess the tenants are a lot dumber out there. Anyone in Toronto will just read the N13 and know they can move back in. Then you gotta really grease them.
Hi Tyler, we got one unit vacant, kept tenants in one unit and then had 2 units sign N11’s (not N13’s) as well as additional back up letters before we went firm on the deal. We agreed on a move date at the end of their 12 month lease and it worked out for everyone.
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this guy is really optimistic. 100% he's reselling it. rent for a 1 bedroom in sarnia goes for 800-1100 depending on location. a 2 bedroom from 900-1500 depending on location and what u get in amenities and stuff. and this guy wants 1500 a month furnished for a 1 bedroom apartment with a murphy bed. 100 bucks he's gonna rent it out to a friend that will pay that crazy amount for a year and then resell it and use that as proof of the properties income to refinance or sell it. i love this channel and ive learned a lot from it. not trying to bash it. but id greatly appreciate how some of these investors come up with their rent pricing
You’re completely wrong on this one. Kory has been doing this for years and specializes with furnished executive rentals. I’ve known him for years and he’s highly regarded in my circles.
That said - I understand your skepticism- there are a lot of less scrupulous investors who do partake in the practices you’ve outlined.
Thanks Matt! I’m happy to give anyone a tour of my properties. I don’t plan on selling this property now after the crazy cash flow we created! If the bank or the appraiser don’t like my rents, they will always right size them anyways!
I love these raw videos where it really breaks down numbers and real life examples!
Thanks!
I like the break down of the numbers , timeline and the details. It was entertaining and educational !
Thanks for the support!
Wow this place must print money now.
WOW
I really loved #Kory breakdown on his repairs and expenses.
The #keytakeaway is
1) getting opinion of trade experts(roof, Electrical, plumbing, structure etc,) is more important than just Home Inspector report which is kind of generic...
2) Having Furnished rooms with low cost investments using kijiji or Craigslist for attracting Tenants.
I liked the murphybed concept too...
Because of wall bed that room look really spacious.
Thankyou #Matt Great video 😍 again
# love your colorfulsocks 🔰02:24
Thanks for the support! Love the fact you’re sharing your notes too!
First! Love the cost breakdown - Kory takes on some impressive projects.
🏆
Thank you Kellan!
Great content but those ads are horrible.
I love your show man i modeled my intros on my videos like yours. Keep up the great content.
@RickReviews definitely does it makes you want to watch till the end lol
@RickReviews i don't know about that. Ur getting alittle weird lol. Take care partner
Hahahahaha 😂😂😂
@RickReviews lol not in NY it doesnt. Thats sign for creepy guy on youtube lol.
@2:13 The fridge opens toward to window? Put a difference fridge there that opens into the kitchen! (2 cents)
You can normally just change which way the door opens - no need to buy a new fridge!
The Murphy bed though; please spend $2 more on W-40
I hope he starts a TH-cam channel. If he shows how he analyzes, walks, and negotiates a deal and then shows the whole renovation that would be awesome.
Are you incorporated?
Kory is a killer🔥🔥🔥
💯
Great video as always Matt, just mentioned you in one of my most recent videos lol
Good vid to show you how to do a brrrr focused on maximizing rents and being smart of where to upgrade and reno where are these deals though in London?
Come out to London on FIRE or one of the other real estate investor events in the city and meet investors that are doing it
Is london ontario good for investment
very anoying adds during the clip
Matt, in many of your videos, you talk about how you don't work with property managers much and manage your properties yourself. In David Greene's BRRRR book, he is quite adamant that in order to scale and run a real estate business and not a real estate "job", you should automate everything and try to become as hands-off as possible. Thoughts on this?
Growth will be faster without PM, until you get to a point then its worth it to get PM
At 4:24 it would’ve been great if you show the area of the apartment he was speaking about instead of staying focused him
partridge family socks.
You gotta put these ads and shoutouts at the beginning or the end of the video or at least do a better transition. It's jarring, distracting, and takes away from the valuable info you and your guests are trying to deliver.
IF MATT WAS MY LANDLORD I WOULD LET HIM LIVE IN MY UNIT FOR FREE!!
Hahahahaha thanks Mike!
I guess the tenants are a lot dumber out there. Anyone in Toronto will just read the N13 and know they can move back in. Then you gotta really grease them.
Hi Tyler, we got one unit vacant, kept tenants in one unit and then had 2 units sign N11’s (not N13’s) as well as additional back up letters before we went firm on the deal. We agreed on a move date at the end of their 12 month lease and it worked out for everyone.
@@KoryMacKinnon how much did you pay for the N11s?
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