‘Landlording’ isn’t a verb but it ought to be. It’s everything from finding an income-generating property, assessing it’s true value and managing its financial viability to wading through the morass of heavily tenant-biased tenancy laws, protecting the landlord from tenant abuse, setting up property legal and accounting structures, embracing the power of digital management, and extracting value to finance the next property acquisition.
Christopher Seepe (alias Dr. Landlord), commercial real estate broker of record, president of the Landlords Association of Durham for seven years, author, speaker, well-published writer, and owner of seven multiresidential rental properties, teaches the six-Saturday 36-hour immersive course for aspiring and first-time investors, realtors unfamiliar with commercial investment properties, property managers wanting to better understand the owner’s perspective, and existing landlords and real estate investors who want to increase the value of their residential rental property and maximize their return on investment.
The course includes over 40 digital tools to manage and well-informed investment and property management decisions including a highly-refined proprietary investment analysis spreadsheet, 78 additional clauses for Ontario’s Standard Rental Agreement, a PIPEDA-compliant rental application form, Seepe’s 9-page list of Agreement of Purchase & Sale clauses, a separate guarantor’s agreement, Seepe’s 22-popint tenant qualification process, numerous boiler template tenant letters, and much more.
The class, limited to 18 students, features notable time working through the many financial ratios and indicators to determine the current and potential value of an investment property, analyzing real-life ‘what-if’ scenarios, projecting whether financing an acquisition will be successful, and the implications when refinancing later at a higher interest rate. Other topics include a detailed study of the dark side of landlording, understanding what capitalization (cap) rate is and isn’t and where it comes from, getting past the financing clause, avoiding the eminent danger of over-leveraged properties, empowering technology to maintain a fully-functioning one-person operation, understanding MPAC’s multiresidential tax assessment methodology, structuring your digital office, avoiding myriad legal pitfalls of the more than ten statutes that can get you in trouble, dealing with difficult tenants and the Landlord & Tenant Board, collecting rents with no NSFs, creative alternatives when obstacles arise in traditional financing, uncommon methods to increase equity and value, and extracting value to finance the next property.