Short-Term Rentals: Regulations, Taxes and Transition Strategies

The REITE Club - Real Estate Investing for Canadians

11-01-2024 • 37 mins

Are you up to speed on how the changing regulations for short-term rentals could impact real estate investors? Understanding these shifts can mean the difference between hitting roadblocks and finding opportunities in your real estate journey. More regulation actually makes it easier because the rules are clearer for everyone. - Spencer Giles Being in compliance is kind of the only way to go. - Ashley Antidormi In this episode, you'll be able to: Navigate short-term rental regulations and compliance with ease. Discover the impact of municipal restrictions on short-term rentals. Master the art of research and due diligence in real estate. Build a reliable real estate team for long-term success. Uncover crucial insurance considerations for short-term rentals. Introducing our special guests for this week: Kristopher McEvoy, Spencer Giles, Ashley Antidormi, and Andrew Choubeta. Kristopher McEvoy, a partner at Leap Accounting, brings his expertise in tax and accounting to the table, offering invaluable insights into the financial intricacies of real estate investing. With a keen eye for detail and a knack for breaking down complex tax implications, Kristopher is a go-to resource for navigating the ever-changing landscape of government regulations and their impact on short-term rentals. His practical approach and clear communication style make him an asset in understanding the financial implications for real estate investors. Spencer Giles and Ashley Antidormi, owner-operators of Travelluxe Properties, are seasoned experts in short-term rentals across Canada. With a deep understanding of the evolving regulatory environment, they offer practical insights into navigating the legal landscape and optimizing operations for success. Their hands-on experience and proactive approach to compliance provide valuable guidance for real estate investors looking to thrive in the shifting market of short-term rentals. With a focus on operational efficiency and legal adherence, Spencer and Ashley bring a wealth of knowledge, making them invaluable resources for building a reliable real estate team. Andrew Choubeta of Caveat LLP is a paralegal expert who provides services for real estate investors. With an acute understanding of legal complexities and regulations, Andrew offers practical and strategic insights into navigating the legal framework surrounding real estate investments. His in-depth knowledge and experience in addressing legal challenges make him an indispensable asset in establishing a reliable and compliant real estate team. Andrew's meticulous attention to detail and dedication to ensuring legal compliance provide investors with essential guidance in maneuvering through the intricacies of real estate law. Contact Kristopher McEvoy https://www.linkedin.com/in/kristophermcevoy/ https://mcevoylelievre.com/site/kristopher-mcevoy-cpa-niagara Contact Spencer Giles and Ashley Antidormi Travelluxe Property Management Website: https://www.travelluxepropertymanagement.com/ https://www.instagram.com/spencerandashley https://www.instagram.com/travelluxepropertymanagement/ Contact Andrew Choubeta andrew@caveatllp.com https://caveatlegalservices.cliogrow.com/book