Recent real estate frauds have been committed in Toronto; fraudsters impersonating real estate agents, homes being sold without the homeowners' consent, and apartments being rented out by scammers. Adrian and Ariel provide their knowledge and tips on spotting suspicious activity and protecting yourself from fraudulent deals. Learn more about the red flags of real estate fraud and make sure you don't get scammed!

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0:17 – Intro
1:49 – Rental fraud in Toronto
4:42 – Committing frauds through Airbnb
6:11 – Rent a place that's listed with a brokerage with a real estate agent
8:29 – Interview your tenants
9:49 – Use SingleKey to do a background check on tenants or landlords
10:50 – Confirm your tenant's identification
12:29 – Be mindful when sharing personal and sensitive information
15:18 – Outro

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Links to real estate fraud articles:

https://storeys.com/toronto-home-sold-without-owners-consent/

https://storeys.com/man-wanted-toronto-rent-scam/

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Want more real estate podcast discussions?

Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: http://www.soundcloud.com/ktrealty

Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott

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Our Social:

Instagram: www.instagram.com/kormendytrott 
YouTube: www.youtube.com/user/kormendytrott 
Facebook: www.facebook.com/kormendytrott
 Twitter: www.twitter.com/KormendyTrott
Soundcloud:http://www.soundcloud.com/ktrealty
 LinkedIn: www.linkedin.com/company/ktrealty
 Pinterest: www.pinterest.ca/KormendyTrott
 TikTok: www.tiktok.com/@kormendytrott?lang=en

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After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.

Real Estate FRAUD In Toronto | KT CONFIDENTIAL EP219 | The Real Estate Podcast



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Andrew Applepie

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I made this track together with Jeff. Show him some love! https://soundcloud.com/jeff-kaale

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Jeff Kaale & Andrew Applepie - Jeff 'n' Andy

KT Confidential Episode 11: Talking the Importance Of Open Houses

Welcome back! Here's what goes down in this episode:

- Builders need to incorporate better garbage, recycling and composting solutions in their new homes to encourage homeowners to properly utilize each service as well as considering more sustainable construction, off-the-grid options, etc.

- How we managed to sell a home over the asking price, in multiple offers, after  being on the market for almost 30 days

- Ariel's overly sensitive about being called out about using his cell phone while Adrian talks

- Creating a basement apartment and the lengths people go to when creating separate access... are they legal apartments and are they adding value to their home?

Thanks for listening to KT CONFIDENTIAL, please like, share and comment if you enjoyed 🙏

Building homes with tech and sustainability | Generating multiple offers | KT Confidential #13

We're discussing Gary Vaynerchuk's recent rant on his $0.02 on home ownership, primarily for entrepreneurs, and how he feels the money you're using for a downpayment could be put to much better use in your business, whether for advertising, hiring somebody, etc.  Feed your business, bust your butt and it'll grow more than any potential gains in your property.

Check us out on Insta: http://www.instagram.com/kormendytrott

Discussing GaryVee's Thoughts on Home Ownership for Entrepreneurs

KT Confidential Episode 15 Answering Your QNA Live On Instagram(If You Had 1 Million Dollars Equity)

THERE IS NO REASON A HOME FOR SALE SHOULD HAVE SHITTY PHOTOS so, in KT Confidential episode 17, we put a smartphone head-to-head against a Sony A7R2 w/ a $2000 Sigma lens to see how they compare.

Smartphone Listing Photos VS Proffessional Camera Gear Quality Comparison (Real Estate Photography)

In this episode of KT Confidential, we discuss some of the new initiatives announced in the 2019 Federal Budget on Tuesday, March 20th.  First-time home buyer incentives have been revised and new ones introduced.  We're speculating that the Equity Share Mortgage option will allow some people to buy where they wouldn't have otherwise and the increase in the First Time Buyer RRSP Program allows for taking advantage of up to $20,000 more tax and interest-free borrowing from your RRSPs.  

The question is, will these initiatives stimulate the market?  

The government is doing other things to increase the development of new construction properties and purpose-built rental properties, which should also have an impact on prices if inventory increases. 

2019 is going to be an interesting year in Real Estate!  Follow the KT Confidential podcasts for updates on the market, real estate news, design trends, home tech and banter.

Our thoughts on the Federal Budget 2019 #YOURBUDGET2019

In this episode of KT Confidential, we answer questions about real estate in another quick-fire round.

1) What are the typical closing costs when buying or selling a property?
2) What are the first steps to take when preparing to sell your house?
3) Spring home maintenance tips
4) Is it worth finishing my basement before selling?
5) When is a good time to buy a home?
6) Selling a house with children
7) Are there any energy efficiency incentives for home upgrades right now?
8) Should I use a mortgage broker or stick with a big bank
9) How much can I expect to spend to landscape my backyard?
10) Where is the best place in the house to spend money for the greatest ROI
11) Where is the best location to buy an investment property?
12) Widening my single car driveway to accommodate two cars side-by-side
13) Understanding value (sentimental value vs market value)
14) Dealing with cracks in your foundation

Real Estate Quick-Fire Round | Selling Your House with Children

What It Takes To Run A Business as an Entrepreneur (Old Generation VS Now)

Founders Ariel Kormendy and Adrian Trott hash it out.  Join them and guests for entrepreneurial motivation, business discussions, real estate tips and more.

Real Estate FRAUD In Toronto | KT CONFIDENTIAL EP219 | The Real Estate Podcast

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