In this episode, Xerxes and Rajiv discuss common real estate investor mistakes based on their combined experience of over 30 years.

They emphasize the importance of focusing on potential returns and understanding where the return on investment will come from, rather than just going for the cheapest property. They also stress the significance of analyzing location and understanding tenant needs to keep properties occupied.

But that's not all! They also cover the importance of holding onto investments for the long term, seeking professional tax advice before investing, analyzing pricing and incentives before investing in a new development, and making investment decisions based on individual needs rather than following the crowd.

So sit back, relax, and join Xerxes and Rajiv as they chat about these and other important topics in real estate investment.

Shownotes

[00:03:00] First Mistake: Going for the Cheapest Property

• The discussion revolves around how people tend to be attracted to the cheapest property and why this is a mistake
• They emphasize the importance of focusing on potential and understanding where the return on investment will be

[00:05:00] Second Mistake: Focusing Too Much on Location

• Location is important, but not the only factor to consider when investing in real estate
• The various factors that should be taken into account when analyzing location are discussed

[00:08:00] Third Mistake: Not Considering Tenant Needs

• The importance of understanding the needs of tenants and keeping properties occupied is emphasized

[00:09:00] Fourth Mistake: Selling Too Early

• The importance of holding onto investments for the long term is discussed, but also exceptions to this rule are mentioned

[00:10:00] Fifth Mistake: Listening to Bad Tax Advice

• The importance of seeking professional tax advice before investing in real estate is talked about

[00:11:00] Sixth Mistake: Chasing the First Launch

• The importance of analyzing pricing and incentives before investing in a new development is emphasized

[00:13:00] Seventh Mistake: Following the Crowd

• The importance of making investment decisions based on individual needs and not following what everyone else is doing is emphasized

[00:15:00] Eighth Mistake: Not Having a Contingency Plan

• The importance of having a backup plan in case things don't go according to plan is discussed.

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

In a real estate market with multiple offers, the highest price doesn't always win. 

If you're a real estate buyer, it's important to avoid common mistakes that can cost you in the long run. In this podcast episode, the TR team discusses the importance of working with a professional agent, getting a home inspection, and not relying solely on advice from family and friends.

Factors such as the buyer's agent's presentation, clauses and conditions in the offer, and emotional attachment to the property can influence a seller's decision. It's important for buyers to work with a professional agent who can provide guidance and ask personal questions to help them make informed decisions. Don't let your lack of experience lead to costly mistakes. Take action and work with a trusted professional to make informed decisions in the real estate market.

Show Notes:

[00:00:40] Common mistakes that buyers make

• Fear of commitment and lack of understanding of representation are two common mistakes buyers make.
• Walking into open houses and not hiring a professional agent are common mistakes buyers make.
• Importance of understanding the value of a professional agent and the services they provide.

[00:02:10] Importance of hiring a professional agent

• The importance of hiring a professional agent is discussed.
• The value of a professional agent in the buying process.

[00:08:00] Importance of making a commitment to oneself in the real estate market

• The importance of making a commitment to oneself in the real estate market is discussed.

[00:10:30] Waiting for the market to dictate emotions

• The group discusses not allowing the market to dictate one's emotions in the buying process.
• Taking control of one's emotions and making informed decisions.

[00:12:15] Looking at houses before understanding what one qualifies for

• The importance of understanding one's budget and what one qualifies for before looking at houses is discussed.

[00:14:00] Lack of due diligence on the buyer's part

• The importance of due diligence and researching the market before making a decision is discussed.

[00:16:20] Not understanding the importance of a home inspection

• The importance of a home inspection and why it is important for buyers to understand the value of a home inspection is discussed.

[00:18:50] Lack of confidence in the other agent and emotional attachment to a home

[00:21:30] The importance of communication and presentation in multiple offer situations

[00:23:10] The value of professional advice over advice from family and friends

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

In this podcast episode, Geeta, Nick, and Rajiv discuss the current state of the real estate market with the release of Toronto’s March statistics. They provide market updates, noting that prices are going up and sales are increasing. They also discuss the importance of understanding the rebalancing of the market and opportunities for buyers and investors, such as the current state of the condo market and assignment sales.

Show notes

• [00:00:00] Introduction
• [00:01:00] Market updates and activity picking up
• [00:03:03] Rebalancing of the market
• [00:04:30] Opportunities for buyers and investors
• [00:07:23] Pre-construction opportunities and assignment sales
• [00:10:00] Conclusion

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

 In episode 13 of TR Talks, Geeta and Xerxes spill the tea on the most common mistakes that sellers make when listing their homes. They stress how having a strong team, including a real estate agent, a lawyer, and other professionals, is crucial for a smooth transaction. They chat about eight mistakes including renovating before consulting with a real estate agent, having unrealistic expectations, waiting for a better offer, hiring a different agent for the purchase and sale, hiring the cheapest lawyer, closing on the same day, trying to outguess the market, and focusing on cost instead of value. 

Listen to the episode for expert insights and advice on how to avoid these pitfalls and have a successful home-selling experience. 

[00:00:00] Introduction

• Topic: Common mistakes that sellers make
• Importance of having a strong team

[00:00:50] Mistake 1: Renovating before consulting with a real estate agent
Instead...

• Consult with an agent before renovating
• Agents can help in determining where to spend money

[00:03:00] Mistake 2: Having unrealistic expectations
Instead...

• Set realistic expectations when it comes to the price of a home
• Avoid unrealistic expectations

[00:06:30] Mistake 3: Waiting for a better offer
Instead...

• Consider all offers
• Avoid waiting for a better offer

[00:09:35] Mistake 4: Hiring a different agent for the purchase and sale
Instead...

• Hire the same agent for both purchase and sale
• Ensure continuity of service

[00:11:50] Mistake 5: Hiring the cheapest lawyer
Instead...

• Hire a strong, experienced lawyer
• Avoid potential issues

[00:12:57] Mistake 6: Closing on the same day
Instead...

• Stagger your closing between your purchase and your sale. 
• Reduce  stress and potential issues

[00:15:38] Mistake 7: Trying to outguess the market
Instead...

• Make decisions based on personal and financial circumstances
• Understand even the best agents cannot outguess the market

[00:19:11] Mistake 8: Focusing on cost instead of value
Instead...

• Focus on value rather than cost when choosing a real estate agent
• Make decisions based on past performance rather than cost

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

In this episode of TR Talks, Geeta and Nick speak with Doris Hanlon from ADM Accessibility Service Limited, discussing the company's focus on helping families make their homes more accessible for those with mobility issues. They cover various home solutions, including bathroom renovations and stair lifts, and Doris shares a story of a skeptical client who was eventually able to get funding for a stair lift. If you or a loved one are in need of home accessibility solutions, reach out to ADM Accessibility to see how they can help.

 Find out why Doris emphasized the importance of planning ahead and not waiting until mobility issues arise to make necessary modifications to the home. She also stressed the need for a client-focused approach in the industry, where the client's individual needs are heard and addressed, rather than a profit-focused approach.

Don't hesitate to reach out and see how they can help make your home a safer and more accessible place for you or your loved ones. Remember, planning ahead and making necessary modifications can make all the difference in improving quality of life and avoiding emergency situations in the future.

Podcast Show Notes

What does ADM Accessibility do?

• [00:00:50] ADM Accessibility helps families figure out how to make homes more accessible for those with mobility issues.
• [00:01:10] They analyze the person and figure out if they need a bathroom modification, a kitchen modification, a ramp to get in and out of the home, a stair lift to get upstairs, an elevator perhaps if they're in a wheelchair.
• [00:01:25] They focus on the person and their individual needs.

Why People Consider Smart sizing

• [00:01:50] With the aging population and the number of people that are just not able to downsize because of the astronomical increase in home prices, especially for the smaller homes, and the long wait lists for, you know, senior residences, they start considering options like smart sizing and really just being able to make their own home access.

How long have you been in the business?

• [00:05:40] Doris has been in the business for 12 years.

Doris shares a story "What kind of scam is this?"

• [00:07:55] A client was skeptical about getting funding for a stair lift but was eventually able to get it paid for almost entirely.

Some of the home mobility products and solutions that you offer?

• [00:10:50] ADM Accessibility offers everything from basic bathroom aids, benches, grab bars, raised toilet seats, and higher toilets.
• [00:11:10] We do full kitchen renovations
• [00:11:25] Porch lifts, elevators, ramping, stair lifts, pool lifts, ceiling lifts, and floor lifts.

What's your best-selling product?

• [00:11:45] These days, ADM Accessibility seems to be doing a lot more bathroom renovations
• [00:12:30] Stair lifts are also popular because...

Advice for people with those with challenges

• [00:12:50] Don't wait until it happens. 
• [00:13:10] Start planning. Talk to your friends. Check references for the people that you're going to work with.
• [00:13:25] Ask everybody for everything.

Guest Links:
Speaker: Doris Hanlon
Company: ADM Accessibility Service Limited.
Phone #: 416-707-9978
Email: info@admaccess.ca
Website: ADMaccess.ca

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

In this podcast episode of TR Talks, Geeta and Nick interview Eric Evans, a pool maintenance expert from Starling Pools. Eric shares his knowledge and experience on various topics related to pool maintenance, from different types of pools to equipment installations and water chemistry.

We discuss the three major types of in-ground pools, including vinyl liner, fiberglass, and concrete. He emphasizes the importance of proper maintenance and shares tips on how to take care of your pool, including regular water testing and balancing.

This episode also covers the topic of converting pools to saltwater systems and the pros and cons of doing so. Eric explains that while salt systems are becoming more popular, they do not eliminate the need for balancing water chemistry. Eric also shares his insights on pool inspections for homebuyers and the laws and regulations that pool owners need to follow in their region.

If you’re in Ontario looking to install a new pool, this podcast is a must-listen.

Podcast Shownotes

• Introduction
• Types of Pools (1:55 - 5:10)
  • Three major types of in-ground pools: vinyl liner, fiberglass, and concrete
  • The lifespan of in-ground pools
• Pool Maintenance (5:10 - 9:55)
  • Importance of proper maintenance
  • Tips for taking care of your pool
  • Converting pools to saltwater systems
  • Pros and cons of saltwater pools
• Winter Maintenance (9:55 - 11:30)
  • Extra maintenance is required for Canadian winters
• Pool Equipment (11:30 - 12:45)
  • Importance of proper equipment installation
  • Cost of maintenance packages
• Building a Pool (12:45 - 13:10)
  • Rules and regulations for building a pool in your backyard

Guest Links

Eric Evans
Starling Pools

Website: http://www.starlingpoolsandspa.com/
Address: 1645 Dundas St W, Whitby, ON L1P 1Y9
Phone: (905) 668-7431

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

On this episode, Xerxes and Geeta discuss the monthly statistics for February 2023 and put things into perspective with regards to pricing, days on market and different home type sales in both the 416 and 905 area codes. Hear about potential opportunities and how the media is typically 1-2 months behind on real time news when it comes to the GTA housing market.

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

Geeta and Nick sat down with David Feld of Feld Kalia Professional Corporation to go over the step-by-step process from sold to closed for buyers and sellers when it comes to dealing with the Real Estate Lawyer's office. In Canada as opposed to the US, once the sale has firmed up, the transaction is handed over to the lawyer's office who will then see the deal through till closing. Listen in to some of the common challenges that may come up and what to expect and prepare for during this period.

David Feld, Lawyer
F|K - Feld Kalia Professional Corporation
1055 Woodbine Avenue, Toronto, ON M4C 4C2
Tel:         (416) 203-6347 ex. 101
Website:              www.WeAreLaw.ca
Email:                  david@wearelaw.ca
TikTok:                 https://www.tiktok.com/@davidthefeld
Instagram:           @davidthefeld

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

Team Rajpal gets into the January housing market statistics and puts things into perspective comparing to January 2022 and the end of Q4 2022 leading into the new year. Listen to their take on what the numbers mean for buyers and sellers both!

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

In this short but educative podcast, Nick and Geeta talk about the Condo stats released by the Toronto Real Estate board for Q4 2023 and where they expect to see activity headed in 2024.

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com 
www.teamrajpal.com 
Top 1% of 70,255 agents in the GTA* 

*based on results from an independent research company RE Stats

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

Thinking about selling or just curious about why selling is more than sticking a for sale sign on your lawn? In this episode, Geeta and Nick go over the step-by-step process of getting your home prepped for sale, putting it on the market and getting it sold.
Everything you need to know and plan for when thinking about selling!

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

TR Talks speaks with Kyle Martiniuk from Pillar to Post to discuss the importance of Home Inspections when purchasing a home. Kyle will walk through some of reasons why a home inspection is valuable and some key facts about what is included and what areas are looked into during a home inspection.


For All Your Real Estate Questions Connect With Us:
Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com 
www.teamrajpal.com 
Top 1% of 70,255 agents in the GTA* 

*based on results from an independent research company RE Stats


Kyle Martiniuk
Registered Home Inspector, CAHPI
Pillar To Post Home Inspectors 
Kyle.Martiniuk@pillartopost.com
647-444-1116

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

On this episode, Geeta, Xerxes and Nick of TR Talks share the key benefits of investing in real estate and why it’s one of the best asset classes to consider when starting an investment portfolio. They go on to talk about the process of renting an investment property out and give a high level overview of what Key2Rent- the rental management company can offer landlords. Some surprise statistics towards the end of the podcast!

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

Listen to Geeta, Xerxes & Nick discuss what every first time home buyer needs to know especially in 2023. Get the details  on first time home buyer incentives and additional costs when buying a home in the Greater Toronto Area.

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

TR Talks speaks with Evan Shapiro from Shapiro Real Estate and Business Lawyers to get the legal perspective on the vacant property tax implemented in Toronto and the Canadian foreign buyers ban. Everything you need to know.

Evan Shapiro
 Phone: 416-224-0808
https://www.garryshapirolaw.com/

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*

TRTalks brings you insights from the 2022 housing market and what to expect going into 2023 in the new environment of higher interest rates and fewer sales

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com 
www.teamrajpal.com 
Top 1% of 70,255 agents in the GTA* 

*based on results from an independent research company RE Stats

Team Rajpal
Instagram: @teamrajpal
Facebook:https://www.facebook.com/teamrajpal
TikTok: @teamrajpalrealestate
Phone: 647-875-8000
Email: info@teamrajpal.com
www.teamrajpal.com
Top 1% of 75,215 agents in the GTA*