James Svetec
Sarah: James Svetec is the co-author of Airbnb for Dummies, really cool. The expert mind behind the world's most popular Airbnb blog and top 1% performer on Airbnb. Founder of the BNB Mastery. So, James is going to take us through some of the steps of the basics of Airbnb’s and some tips, how to get started and the rental properties in some of his most recent deals as well.
Welcome James, and we're excited to hear all about what you've got for us today.
Ryan Carson
Ryan Carson: I basically put something together related to rentals and specifically short-term rentals. And if I have time, I'll show everybody a share screen of section 57 of the residential tenancies act, which is in Ontario part of the governing legislation, as many of you might know we can take a look at that as well.
George Dube
George Dube: So, I'll jump right in here. And to me, I'm just going to identify a few points to give some thought to not to say that each of these is going to be relevant. Just some background information here. It's worth giving some thought to in my mind for many people. So, one of the first things here I've got listed is with respect to the type of income that's earned.
Spencer Giles and Ashley Antidormi
Sarah: Spencer Giles and Ashley Antidormi are Niagara based real estate investors, and they share a love of fitness, travel and dogs. They started investing in 2018 and have since expanded their portfolio to 15 units with a mix of short-term and long-term rentals. They also co-founded Travel Luxe Property Management, which is an Airbnb management company, which has grown to become one of the most popular Airbnb property management companies in the Niagara area.
Daniel Patton
Daniel St Jean: You’ve been around for a long time. I'm always in the top 5 or 10% of all the mortgage people in the country. You guys are extremely successful and you also have a division called BM Select which is a division specifically focused on real estate investors. Daniel Patton, I only have one question for you.
How does a bank view an application for an Airbnb? And what are the main differences between Airbnb and a regular rental when it comes to mortgage application?