real estate insider vol 16 2014

WHAT’S INSIDE:Your First Home: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • Halton

Featured Homes, PAGES 3-5Financial Head Start for Kids, PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 16

Most residential tenants are long-term tenants who pay their rent on time and properly look after a landlord’s property. The trick is to do the proper research in advance so that you do not end up with the tenant from hell. Here are some tips:

1. When you advertise for tenants, whether on Kijiji, Viewit or gottarent.com, also state “we do background and credit checks.” You will receive a greater percentage of qualified tenants.

2. Do a proper credit check using Equifax or TransUnion. The cost is approximately $20. Or join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.

3. Call all references, especially prior landlords. Remember that the current landlord may be lying just to get rid of them. Start with the previous landlord.

4. Check social media. Google the tenant to make sure the information checks out with their rental application. In addition, if you are concerned about possible pets, check Facebook. If the tenant has a pet, there will likely be a picture of them with the pet on Facebook.

5. In a face-to-face interview, there are signs that may indicate the tenant is not being truthful. This can include one or more of the following: incomplete answers, not looking at you when they speak, changing the subject, fidgeting, dropping names of important people, or volunteering to do odd jobs for you.

6. Ask open-ended questions such as “Tell me about yourself” or “Why are you leaving your current apartment?” You will be

surprised how much you can learn about someone with such simple questions.

7. Interview the tenant where they currently live. You will see first-hand how they treat someone else’s property. It is also hard to hide the smell of a pet, if you are concerned about that.

8. Give the tenant a deal. It should not be about charging the highest rent possible. When tenants think they overpaid, they will almost immediately start looking for another place to live. Give tenants a break and they will be happier and stay longer.

9. Give tenants incentives. Why not a $10 gift card if the rent is paid on time? Or a Christmas present, just to show that you appreciate your tenant. Treating a tenant with respect often results in the tenant not only paying the rent on time, but they will also take care of your property better.

10. Consider rent to own. In a rent to own, you give the tenant the option to buy your property at a set price two to three years from now. In this way, you can guarantee your profit if the tenant exercises the option and the tenant has extra motivation to look after the property even more carefully, since they may end up buying it later.

By doing the right research in advance and treating your tenants with respect, you can ensure that your real estate investment continues to increase in value.

Mark Weisleder is a Toronto real estate lawyer. Contact him at [email protected]

Source: Mark Weisleder - Real Estate, Special to thestar.com

How Landlords Can Avoid Bad TenantsWhen you hand over the keys to a new tenant, you should have done some serious checking, says Mark Weisleder

Office: [email protected] • [email protected]/Manchisiteam • www.manchisiteam.com

Not intended to solicit persons or properties currently under contractual agreement.

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Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:

• Appraisal• Mortgage Financing• Property Law• Property Management

• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

*For Prudential Canada 2008-2011

Stability•Experience•Relationships

About Domenic Manchisi Are You Ready to Buy Your First Home?

(NC) Buying a house is one of the biggest investments of our lifetime – and it’s a journey that is usually filled with questions around affordability, impact on savings, and lifestyle changes.

There are a number of online calculators and tools that can help answer many of these questions and give you a good sense of how much ‘house’ you can afford and what your monthly mortgage payments will look like. Take a look at these three tips for first-time homebuyers, courtesy of the mortgage specialists at RBC:

Know how much you can afford – beyond the mortgage amount, don’t forget to consider ongoing home ownership costs and your lifestyle needs. Use the How much home can I afford calculator available at www.rbcadvicecentre.com to find out where you stand.

Get a pre-approved mortgage – shop for a home with confidence and let everyone know you are a serious buyer. Additional benefits for pre-approval include being able to put in your offer faster, and potentially beating out another prospective buyer who hasn’t done their homework.

Know your mortgage options – take advantage of flexible pre-payment privileges to cut years off your mortgage. There is always more to your mortgage than the interest rate, so be sure you know what options are available in each mortgage type, and how they can be used to save you money. Use online tools and calculators to test out different scenarios.

Additional information, including mortgage tools and tips, is available at www.rbcadvicecentre.com

Source: www.newscanada.com

Volume 16



[email protected]

Broker

JodyMANCHISI

[email protected] Representative

MickeyGALEKOVIC


DesmondWATSON

desmondmanchisiteam.comSales Representative


http://www.rbcadvicecentre.com

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FOR SA

LE

$414,90026 Bankfield CrescentBeautiful family home, spacious floor plan. Main floor offers 9 foot ceilings, dark hardwood floors and staircase to 2nd floor. Large family sized kitchen with lots of cupboard space, stainless steel appliances and walkout to deck. 2nd floor offers family room, laundry room, and 3 large bedrooms. Master bedroom includes walk-in closet and 4-piece ensuite. The yard is fully fenced. Great curb appeal. Driveway can accommodate 4 cars - no sidewalk. Garage access from the foyer.

FOR SA

LE

$529,900293 Cardinal CourtGorgeous renovated home on a quiet court. Short walk to schools and parks. Large foyer entrance with access to yard. Spacious living and dining rooms with large windows, crown mouldings and bamboo hardwood flooring. Renovated kitchen with porcelain tiles, backsplash, and lots of cabinet space. Renovated main bathroom. 3 spacious bedrooms. Fully finished lower level with large recreation room with gas fireplace, above grade windows, 4-piece bath, 4th bedroom, and 2nd recreation room/office or 5th bedroom. Rough-in for kitchen can easily be converted into an in law/nanny suite or income potential. Situated on a large pool sized lot - no sidewalk! Can accommodate up to 6 cars. Fully fenced yard with 2-tier deck, hot tub, 2 schools and lots of room for the kids! Shows 10++!

FOR SA

LE

$434,9005007 Wellington RoadLarge 3+1 bedroom bungalow sits back from road on a large 100 x 127 foot lot. huge driveway can accommodate up to 8 cars, large truck or RV. Oversize double car garage. Spacious home with over 1600 square feet. Large living room, family sized country kitchen, family room addition with lots of windows and vaulted ceilings. Finished basement with entrance from garage offers 2nd kitchen, breakfast area, large recreation room with above grade windows, 4th bedroom, and 3-piece bathroom. Lots of storage space. Private yard all 3km north of Acton.

FOR SA

LE

$379,90097 Woodward AvenueUpdated family home situated on a large lot close to schools, shopping and transportation. Large detached double car garage, finished walk-out basement. Many updates include; windows, roof, furnace, kitchen, main bathroom, broadloom in lower level. Finished basement with separate entrance offers a 3rd bedroom and 3-piece bathroom. Large driveway can accommodate 6 cars. Just move in and enjoy.

FEATURED HOMES


to get your home sold, call us now! Office: 905.875.4594

Volume 16

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Volume 16



FOR SA

LE

$1,589,9004919 6th LineSpectacular very private country property situated on 45 acres. Well maintained property with long driveway and scenic views of country side. Approximately 4000 square foot bungalow with walk out basement and triple car garage. Gorgeous finishes throughout. Spacious principle rooms; family sized kitchen with large island offering granite counter tops, double built-in oven and stainless steel appliances. Double sided fireplace between kitchen and family room. Large separate dining area. Three large bedrooms. Master bedroom with sitting area, two walk in closets, and 6-piece ensuite. Bedrooms 2 and 3 share a jack and Jill 5-piece bath with walk in closets. Lower level is finished offering a 4th bedroom, den, recreation room, 3- piece bath, 2 cantinas, rough in for kitchen. 1800 square feet of lower level is partially finished with a walkout awaits your personal touch. Separate hot tub and sauna room off of the family area. Walkout from breakfast area to patio overlooking acreage. Lots of parking and greenhouse and large outdoor garden.

FOR SA

LE

$299,000661 Childs Drive, Unit 83Terrific town home in sought after complex, short walk to Milton mall and downtown. 4 levels offers lots of space for the family. Finished walk out lower level with 2-piece bathroom. Large living room with high ceilings and walk out to balcony overlooking the in ground pool in complex. Separate dining room overlooking living area is located off of the kitchen. Main floor laundry room for convenience. 3 Spacious bedrooms. Large master bedroom with semi ensuite bath and wall to wall closet.

FOR SA

LE

$437,000703 Edwards AvenueBeautifully maintained home close to parks and schools. Stunning curb appeal with front porch, 2 car parking in driveway, no sidewalk and large stone patio, well manicured front and back yards. Spacious main floor with large family room with hardwood floors, gas fireplace, pot lights and crown moulding. Good sized eat-in kitchen with backsplash and walk out to yard. Garage access from front foyer. Good size bedrooms, master bedroom offers walk in closet and 4-piece ensuite with soaker tub and separate shower. Gas hookup for stove and dryer.

OPEN HOUSESVISIT


FIND OUT WHATYOUR HOME IS WORTH

ONLINEVISIT

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CALL TODAY905-875-4594

FOR SA

LE

$589,900483 Pettit TrailLarge family home offering 2256 square feet with a large fully finished lower level. Spacious living/dining room combo. Main floor family room with gas fireplace overlooking the kitchen. Spacious kitchen with stainless steel appliances, breakfast bar and breakfast area, with walkout to patio. All bedrooms generous in size. Master bedroom with huge walk in closet and 5-piece ensuite. Beautifully landscaped front and back offering stone walkways and patio. Fully fenced yard with deck, gate and large shed. Parking for 4 cars on driveway - no sidewalk.




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R SALE

$579,000909 Birch AvenueSought after location. Large foyer entrance with garage access. Main floor family room with walk out to deck. Main floor laundry and large living room/dining room. Eat-in kitchen overlooking family room. Spacious bedrooms, master bedroom with 2-piece ensuite and walk-in closet. Finished lower level with above grade windows and tons of storage space. Fenced yard with inground pool, 2-tier deck with built-in slide. Close to Highway 401.

FOR SA

LE

$434,9001090 Barclay CircleBeautiful end unit. Mooreside model, one of the largest models in the neighborhood. Featuring Living/dining room combination. Large Eat-In kitchen with walk out to large deck and fenced yard. Main floor family room, hardwood floors throughout and oak staircase. Finished basement with large storage/utility room. Spacious second floor offers 3 good sized bedrooms. Master bedroom offers 4-piece ensuite and walk in closet. Close to schools and parks.

SOLD

$259,900100 Millside Drive, Unit 1403Spacious corner unit with North West views. 2 bedrooms, galley kitchen with breakfast area. Large living room with lots of windows allowing a bright space. Spacious master bedroom with 4-piece ensuite and double closets. Terrific building with indoor pool.

FOR SA

LE

$424,90082 Queen StreetBeautifully kept century home in the quaint village of Morriston. Built in 1909. Just moments from the 401 for easy access. 1750 square feet with 3 bedrooms and 1.5 baths. Main floor features hardwood floors, spacious and bright principle rooms and main floor office/family room with access to rear deck and picturesque views. This home features chestnut woodwork, hand crafted crown mouldings, stained glass windows, 100 amp service, updated bathrooms. Walk up unfinished attic is 31 feet x 24 feet and awaits your personal touch. Furnace (2010). Mature perennial gardens, lots of room for parking, sits on just under an acre with farm fields behind there is lots of privacy and room for entertaining or relaxing.

FOR SA

LE

$579,0004 Greenore CrescentSpacious back split offers 5 levels of living space. 3+2 bedrooms, 2 bathrooms and 2 family rooms. 2 separate entrances - side and front. Renovated eat-in kitchen, large living area. Updated bath, updated electrical panel. Master with mirrored sliding doors. Most windows upgraded, garden shed, roof, insulated garage door, siding, eavestrough, rear fence and retaining wall (2013). Great property for in-laws or large family. Parking for 2 cars!

FOR SA

LE

$344,9001709 - 225 Sherway Gardens Rd.Exceptionally maintained unit by the original owner. Very bright with South-West views offering an open concept modern design with hardwood floors, living/dining room with walkout to balcony, kitchen with stainless steel appliances. Spacious master bedroom with 4-piece bath, ensuite laundry. The building offers many amenities including a gym, yoga room, treatment room, indoor pool/sauna/hot tub, pool table/games room, media/library room, party room, security, guest suites and virtual golf room. All located steps to Sherway Mall and the QEW. 1 owned parking space + 1 rented which can be transferred.

FOR SA

LE

$4,900,00013268 Fifth LineExquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5-piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated & air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.

FOR LE

ASE

$1,475933 Nadaline HeightsVery bright, well maintained home with 2 bedrooms and 3 baths. Spacious foyer with mirrored closet doors and access to garage. 2nd floor with open concept design. Modern kitchen with stainless steel appliances, pantry and breakfast bar, overlooks the living/dining room. 3rd level offers 2 spacious bedrooms and laundry room. Master bedroom features 4-piece ensuite bathroom and walk-in closet. Available immediately.

OPEN HOUSESVISIT


FIND OUT WHATYOUR HOME IS WORTH

ONLINEVISIT

www.manchisiteamhomeevaluation.com

CALL TODAY905-875-4594

“This is the second time we have used the

Manchisi Team and we would never use

anyone else! The helpful and courteous team

was always available to answer any questions

we had. The amazing communication

between the team and ourselves helped

make a stressful time, fun and relaxing.

Do yourselves a favour and work with the

Manchisi Team!”

Bobby & Megan

TESTIMONIAL OF THE WEEKSUDOKU

Volume 16

Source: ©Web Sudoku 2014 - www.websudoku.com

905-876-4788905-876-4788555 Main Street East, Milton, ON

Mon-Fri: 8:00 am-6:00 pmSaturday: 8:00 am-3:00 pm

www.jdtire.comMore information is available via email at

[email protected]

If you love to work with clients, are driven to succeed and committed to a successful year,

we would love to talk to you.

We offer a great work environment,training and leads.

The Manchisi Teamis Seeking

Sales Professionalsto join our

TOP PRODUCING TEAM



Milton• Bungalows/Split Levels - 19 available starting at 429,900• 2 Storeys - 107 available starting at $449,900• Semi’s & Towns - 69 available starting at $337,900• Apartments - 20 available starting at $254,900• Condo Towns - 12 available starting at $256,000

Acton• Bungalows/Split Levels - 10 available starting at $317,900• 2 Storeys - 14 available starting at $249,900

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE• Semi’s & Towns - 2 available starting at $174,000• Apartments - 1 available starting at 174,900• Condo Towns - 1 available starting at $454,90000

Rural • Bungalows/Split Levels - 27 available starting at $574,987• 2 Storeys - 15 available starting at $599,900

Campbellville/Brookville • Bungalows/Split Levels - 7 available starting at $569,000• 2 Storeys - 15 available starting at $629,000

OPEN HOUSESVISIT




Give Your Kids a Financial Head Start

HALTON – A new report has just been released which identifies a foolproof 3-point plan which any homebuyer can use to secure the best financing rates when they buy a home.

When you’re looking to buy a home, the first thing most homebuyers do is start the process of house hunting. However, experience proves that this is one of the last steps you should be taking if you want to get the most home for the least amount of money. In fact, shopping for the best financing should start long before you start shopping for a home.

The experience of thousands of area homebuyers has been summarized in a new report entitled “Best Financing: A 3-Pont Plan”. This report outlines 3 critical steps you must take to obtain the absolute best financing rates when you buy a home. It tells you where you should go, and how to manage the process to your personal advantage.

How to order your free copy of this report, check us out online at www.haltonbestfinancing.com

Experts estimate that it costs close to $200,000 to raise a child from birth to age 18, not counting post-secondary education. So when a new child joins a family, parents and grand-parents tend to think about starting an education fund like a Registered Education Savings Plan. While this is a very practical way to help the child get a head-start in life, it’s a tactic that’s limited to their education years. According to the financial experts from Desjardins Insurance, one option is a life insurance policy that the parents, grand-parents or another friend or family member purchases for the child. The child will then be protected for his/her entire life and can take advantage of an added savings component that is tax exempt. It’s an unusual idea, but its built-in savings component makes this an attractive solution.

How does it work?The insurance policy is purchased by the parents, grand-parents or other friends and family on behalf of the child. And



Volume 16

the premium is determined by the child’s age, health and other details. This amount remains level over a set number of years and never increases. Part of the premiums accumulate in a separate, tax-sheltered account and over time a portion of the cash value can be used to pay the policy premiums.

What happens when they’ve grown up?When the child reaches the age of majority, the policy ownership can be transferred to them and continues to protect them for life. At this point, all the premiums may have been paid. What’s great about this insurance is that it provides the child with a head-start on life. For example, the policy can be used as collateral when applying for a loan. Also, the child may have the option of purchasing more insurance without a medical review. This is called a Guaranteed Insurability Benefit.Can they access the cash value?

Yes, as the child grew so did the cash value. It’s accessible at any time and is subject to the available amount. The child can use it towards post-secondary education, travel, as an emergency fund or as a down payment on a home.

Where can I find more information about the benefits of this type of insurance?Speak to your life insurance representative or financial advisor who can offer you tips that best suit your situation. Or for more immediate answers, visit Desjardins Insurance at www.desjardinslifeinsurance.com.

Source: www.newscanada.com

How to Secure Super LowDown Payment Home Loans

When You Buy a Home

http://www.haltonbestfinancing.com

http://www.newscanada.com/print-apr-give-your-kids-a-financial-head-start-80612

Volume 16

“Your Connection to a Better Mortgage”Lic. # 10505

Not intended to solicit buyers or sellers currently under contract with brokerage.



TO GET YOUR HOME SOLD CALLTHE MANCHISI TEAM TODAY

CALL NOWOffice: [email protected] • [email protected]/Manchisiteam • www.manchisiteam.com






real estate insider vol 16 2014

Documents

residential tenants

longterm tenants

tenants incentives

landlords property

real estate informationvolume

mark weisleder real

real estate investment

proper credit check