#114: Garden Suites: The Future of RE Investing w/ Ronald De Coteau
On this week's show Gary chats with Ronald De Coteau, founder and President of Property Pathways Inc. They dug deep into Garden Suites, a new-ish way of having tenants or family live close, but independently. It is the future real estate. With the pandemic, many people are looking at maximizing their real estate investments, and getting the best use.
WHAT YOU'LL LEARN:
- What is a garden suite (SDU - Secondary Dwelling Unit) and is it permanent?
- The legal ramifications of a garden suite
- Do different municipalities have different laws and rules?
- The costs of creating one
- Do the numbers work?
- Bill 108 and garden suites
- How are separate utilities (hydro, gas, etc) handled
- Why the provincial government started pushing municipal governments to explore unconventional rental housing
- How big of a lot do you need to do this?
- How much of my lot can I use for this?
- How many units can be created
- Are there different configurations of garden suites?
- Apartment buildings take YEARS from planning to completion, garden suites can be build much faster
- And MORE!
Ronald's Bio
Ronald is the founder and president of Property Pathways and delivers on his promise to pioneer an enriched design and construction experience for real estate investors.
He started investing in real estate in 2016 and was surprisingly challenged to find a design or contractor that could explain the legal process of secondary suite renovations. He set out to become the subject matter expert and a valuable resource to real estate investors throughout Ontario.
By leveraging his education and experience gained in the commercial construction sector, he created a hybrid service specific to real estate investors, who focus on the creation of long term wealth by buying and holding or BRRR real estate.
He works with real estate investors and their realtors to identify Suite-Able properties and has the battle scars and relationships in municipalities throughout Ontario, to prove it. Navigating the bylaw and building code requirements for a legal secondary suite bridges the gap and creates a pathway between the problems associated with converting properties and the profit that awaits the investors.
Our service is predicated on the belief that the building permitting process for real estate investors should be uniquely tailored and we achieve this through our four-phase design process that produces the detailed and easy to interpret permit drawings for a worry free construction process.
Website/contact info for guest
Facebook: https://www.facebook.com/propertypathways
Instagram: https://www.instagram.com/propertypathways
Email: accounts@propertypathways.ca
This episode proudly sponsored by AGHI Home Inspections and Brian Daley. Whether buying or selling a property, AGHI recognizes that the process can be stressful. It is critical that any decision you make be one that is based on knowing all of the facts. Purchasers, vendors, insurance companies and lending institutions have come to recognize the professionally trained residential home inspector as a credible source of key information vital to making these decisions, and AGHI has been doing it for over 15 years!
Contact http://www.bookahomeinspection.com or call (416) 526-7482
Please a leave a review, as it helps Gary understand if he's bringing on the right guests that you want to hear from!
Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
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