Renting Space Within Your Residence to Generate Income by https://padlet.com/david_lippert/rt6ilmjxazvy Made with a stroke of good luck en-us 2018-12-05 00:49:26 UTC 2018-12-05 03:20:53 UTC hello@padlet.com Renting Space Within Your Residence to Generate Income david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311190533                                       By: David Anthony Lippert]]> 2018-12-05 00:58:30 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311190533 Website #1: A business model is born david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311191553 Allowing Seniors/Students to mutually benefit through shared residency by allowing millennials willing to do chores for a reduced rent; has produced a new business model. A 2017 study by Canadian Center for Economic Analysis estimated  that Ontario alone has 5 million spare bedrooms and that three quarters of the province’s seniors live alone in houses bigger than their needs require. A pilot project was launched in Toronto during the summer of 2018 aiming to match together 20 different seniors with University students.  

A Burlington entrepreneur has developed Homeshare Alliance. A trending new business which matches millennials and seniors who desire both affordable living and companionship, for a fee, everybody wins. 

Home sharing has benefits that may be more beneficial and far-reaching than the standard rental agreement.   
]]> 2018-12-05 01:04:41 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311191553 Website #2: Do Tenants have rights if they only rent a room? david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311191860 “Most tenants are covered by the Residential Tenancies Act”  but special rules apply if they share a kitchen or bathroom with the owner or their immediate family.   Then they do not have the right to remain living on the premises without the owner’s consent and can be evicted at any time, without notice.    The main exception is if the owner makes an oral or written agreement and breaks it or disposes of the tenant’s property.  ]]> 2018-12-05 01:06:28 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311191860 Website #3: The Pros and Cons of renting out part of your home david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311192038 Canada Mortgage and Housing Corporation have “relaxed” the rules for homeowners.    The pros of higher income and potential increase in resale due to renovations on the household are balanced by the cons. The cons mean that the homeowner is responsible for immediate repairs and finding both reliable and trustworthy tenants. The landlord should understand landlord/tenant laws and abide by a written contract; or have rules in place and check in with the tenants to ensure all of the occupancy's residents remain satisfied.]]> 2018-12-05 01:07:26 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311192038 Video #1: Rental bidding wars in Toronto david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193456 Over the last 20 years, our federal government has been neglecting affordable housing and leaving that for the private sector to supply. The private sector who seemingly cares more about profit than giving affordable housing to people who live in crowded cities, such as Toronto. They are taking advantage of this situation by charging residents an outrageous premium to purchase a residency. This leads to more of the populace trying to rent and renting prices skyrocket. The federal government should not let the private solely determine the cost and relationship between landlord and tenant.]]> 2018-12-05 01:14:36 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193456 Video #2: Why should I rent if a mortgage payment is Cheaper? david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193708 Why should I rent if mortgage payment is cheaper?

Something to consider when considering renting versus owning is your personal needs. Both renting and owning a residence have their respective benefits/downfalls. Owning is a long term commitment which usually leads to a high return on your investment. Whereas renting is cheaper than owning over shorter periods of time because of the property expenses and higher taxation associated with owning a residence. For example a businessman who moves from city to city every few years might discover that renting is the more affordable option. In all, it’s important to look at where you see yourself in the immediate future and plan to rent/own accordingly.
]]> 2018-12-05 01:15:49 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193708 Video #3: Vancouver tackles affordable housing with Airbnb regulations david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193990 As convenient as air BnB can be for both owner/renter, certain issues arise when a large city such as Vancouver has an excess (to many) of units being rented out. A wealthy entrepreneur or overseas investor could buy out many property's throughout the city and profit greatly through rentals. To combat this, Vancouver has created a law stating you must be licensed and living as the primary homeowner in a residence to rent out air BnBs. Many renters/owners alike disagree with this due the inconvenience caused but it’s important because short term housing can negatively impact the city’s actual residents from affordable long term housing in the future.]]> 2018-12-05 01:17:07 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311193990 Picture #3: Be carefull who you rent to david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194306 This picture about a landlord named Andrew's story in Kingston, When he rented out a three bedroom home with a garage. The tenants brought livestock into the home to live with them and did not bother to clean up after the animals. When they left he was responsible for the clean up.   My research shows once again the importance of choosing responsible tenants and the risks.  I feel you would want to live close by to keep an eye on your investment.]]> 2018-12-05 01:18:46 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194306 Picture #1: How best to advertise a room through the internet david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194610 This is an example of an available rental room for student use in Durham area.  The room is fully furnished and has attractive bedding in a lightly colored room which makes the room look bigger and cleaner. It is important to represent your add curtly and descriptively.]]> 2018-12-05 01:20:06 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194610 Picture #2: Be a vigilant landlord david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194934 This image depicts a situation where a landlord must clean up after a poor tenant who has shown no respect for the residence having trashed the residency. This is why it is very important to properly interview and screen any potential tenant especially if they have a separate entrance leading into in your home.]]> 2018-12-05 01:21:28 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311194934 What did you learn about this topic? david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311201545 I was most surprised that renting space in your residence to generate income is a trendy model for many millenniums. It seems as if many people are being more open minded towards shared living accommodations as an alternative to leased renting.    

The problems landlords commonly have with leased renters has led to changes which allow for landowners/renters alike to think creatively about their needs to find ways which lower rent in exchange for emotional companionship and mundane physical tasks to be done.
]]> 2018-12-05 02:01:31 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311201545 Real life Example david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311201808 I currently live in a home where my Mother and I both rent out our bedrooms to OPG contract workers. What makes them reliable and excellent tenants is that they are paid a stipend, which ensures payment, are respectful, stay away on weekends to visit family and tend to stay to themselves after a long shift. Our last tenant is a friend of the family who pays slightly less rent in exchange for helping around the house. This is a good arrangement because the income generated over the last few years has allowed my Mother the opportunity to look towards her retirement and not have any worries about her financial future.]]> 2018-12-05 02:03:08 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311201808 Which reseach did you find the most interesting? david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311202017 The most interesting research was the studies on seniors and students  who choose shared accommodations to combat outrageously high rents fees which students incur and the loneliness that a senior may experience.    Even though the services would charge a fee, I feel the matching process and the contract that is drawn up would both relieve the minds of the senior/student and benefit both financially. In addition I appreciated the article that proves that the tenant can be asked at anytime to leave if sharing a kitchen or bathroom with the landlord as this protects families. Furthermore I would hate to see any person taking advantage of a senior and believe screening processes are necessary to find these landlord/tennant compatible relationships.]]> 2018-12-05 02:04:24 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311202017 Word Document david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311202450 2018-12-05 02:06:48 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311202450 Welcome to the future of renting, a new perspective david_lippert https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311212028 Both landlords and renters have often had difficulties in their dealings. Be it damaged property and wrongful eviction many laws have had to be put in place to prevent these sorts of problems. This padlet page is dedicated to understanding the viewpoint of both the landlord and renter, as well as how both will mutually benefit financially by coexisting amicably.]]> 2018-12-05 03:09:14 UTC https://padlet.com/david_lippert/rt6ilmjxazvy/wish/311212028