Real Estate Coaching Program
Tailored to your needs
The keys to unlocking your potential
Professional Landlord Group’s 12 week Coaching Crash Course program will help you become a successful real estate investor through education and real-life experience. Your coach will help you navigate pitfalls, and create a plan to realize your real estate goals.Free 30 Minute Consultation
What to expect?
Get acquainted with your coach over this free 30-minute consultation call. This is where connections are made, and needs are identified. To personalize the discovery session, your coach will take notes. This is to get a feel for your reasons, needs, and background coming into the course. If you are more interested in certain areas of investing, your coach can accommodate this. Weekly topics can be modified at any point along your learning journey.
After the discovery session, your coach will build a personalized coaching plan. This acts as a guide for your 12-week program based on your level of experience. Once you are comfortable with one subject, your coach will move onto the next. Any denser subjects can be readdressed in more depth upon request.
May I choose my coach?
Clients may also request a certain Professional Landlord Group member. We will always try to match you with the best professional for your needs, and suitability.
Usually, the 12 weeks break down as follows:
Week 1 – Mindset
- Discovering your strengths and limitations
- What is your greatest advantage in life?
- Understand the majors and minors in your professional life
- How do you approach risks?
- What is your financial goal?
- What is your spiritual goal?
- How will you achieve your goals?
- What are your current obligations?
- What’s holding you back?
- What sets successful real estate investors apart?
Week 2 – The Basics
- How does real estate make money?
- Mortgages: how do they work?
- A lenders vs. B lenders
- What is a refinance, and how does it work?
- Property insurance: how does it work?
- What are the acquisition costs on a property?
- How do I calculate monthly bills?
- What’re the differences between each type of investment property?
- How do I create a budget and make projections?
- How does buying real estate in partnerships work?
- Banks: How do I score pre-approvals and weigh qualifying factors?
- What do I need to know about tax savings?
- Multi-family vs. single family vs. condos vs. commercial: what’s best for me?
Week 3 – Finding a property
- Analysis Paralysis
- What makes a good realtor, and how to find one
- Understanding the local market
- Applying your investment strategy
- Snap judgement assessments
- Viewing a property
- Speed on implementation
- Making your offer
- Negotiating power
- Keeping options open
- Bidding wars
- Distressed markets
- Why are they selling?
- Apply your budget
- Should I be asking for vacant possession?
- Over-researching and over-educating
Week 4 – Renting your property
- Advertising and prepping your unit for showing
- Finding good tenants FAST
- Pricing your unit and evaluating comparables
- How to write a powerful lease agreement
- General legalities
- Coordinating showings
- Taking applicant information
- Vetting applicants, and concerns
- Setting expectations with tenants
- Rental red flags
Week 5 – Landlording 101 – Self Managing & Work, Life Balance
- Legal obligations as a landlord
- Which responsibilities are the landlords’ and which are the tenants’?
- What resources and tools should a Professional Landlord have?
- Best practice guidelines for landlords
- What is important to document?
- What’s the best way to communicate with tenants?
- What type of insurance do you need?
- How many tenants should you have before using a software to manage them?
- Organization skills
Week 6 – Tenants, Complaints and Problems with the Property
- Standard maintenance issues
- Complex maintenance problems; water leaks, heating issues, sound insulation, and more
- Your unit as a non-conforming rental
- How to handle inter-tenant tension
- Can I charge my tenant for damages to the property? Is it feasible?
- Tenant pets in the property
- What can I do if a tenant is threatening me, or my other tenants?
- Handling mould in a property
- Tenant says my unit is not legal
- What to do if your tenant sublets the unit
- What if my tenant is refusing me access to the unit?
- Maintenance responsibilities and damage to property
- Floods and fire: insurance disputes and claims
- Dealing with fines and bylaw officers
- Acing a building inspection
- Property compliance
Week 7 – Landlord Tenant Board Basics – non payment of rent, damages & evictions
- Handling non-payment of rent
- Handling inter-tenant disputes
- Settling issues before going to the LTB
- Taking possession of your rental unit
- Understanding all the N-Forms to serve, and when to serve them
- The Landlord Tenant Board basics
- How to use L-Forms
- Managing expectations at the LTB
- Filing documents and the eviction process
- Cash for keys
- Calculating costs
- Self-representing at the LTB
- Hiring a paralegal
- Matters to take to The Board
- Settling in mediation, or appearing before an adjudicator
Week 8 – Renovations
- Why and when to renovate
- When and how to obtain building permits
- How to find a good contractor
- Calculating renovation costs
- How to calculate the benefit of the work
- What to do in a situation of forced renovation
- Which renovations add value and which don’t
- Finding quality materials within budget
- Design decisions
- Creativity vs. practicality
Week 9 – BRRRR
- How the BRRRR Method works
- How to finance more properties
- Qualifying for more loans with the bank
- Income to debt ratio
- Financing 101: equity, line of credit, refinancing, and more
- Advantages of the BRRRR Method
- Limitations of the BRRRR Method
- Structuring joint ventures and partnerships
- When to make the switch to commercial real estate investing
- Creating a system that works for you
- BRRRR vs. flipping
Week 10 – Becoming a Professional Landlord
- Distinguishing Professional Landlords from Real Estate Investors
- When to hire a property manager
- Your workload as a landlord
- Building your power team
- What if I am a real estate professional? Should I apply those skills to my own property?
- Establishing your lifestyle
- How to stop doing everything yourself
- Treating real estate like a business
- How to diversify your real estate portfolio
Week 11 – showcase real examples
Week 12 – Power Team Mastermind
- Property Manager
- Leasing Specialist
- Finance Specialist
Become a Professional Landlord
Each week will include a 1-2 hour session. Topics are covered as indicated in the outline, or as specified. Between sessions, you can address any questions you might have. Text, email, or short phone calls are appropriate within reason. All queries will be responded to within our regular hours of operation.
By the end of this program, you will have a clear idea of how to become a Professional Landlord. Working towards financial freedom through the power of stable real estate.