Quotes of the Day

Thoroughly examine the status certificate of the unit you are considering and the financial yearly reports of the complex. Find out any expected or likely future increases in maintenance fees. [2013] - Dan S. Barnabic

Small speculators are not the contrarian indicator of the COT report; in fact, they are not really a useful predictor of market direction one way or the other. The noncommercial traders are the contrarian indicators of the COT report. They tend to be wrong more often than the small speculators. [2010] - Ed Ponsi

Gather at least 6 (preferable a dozen or more) similar Airbnb listings and record weekday (Sundays to Thursdays) and weekend (Fridays and Saturdays) rates for 4, 8, and 12 weeks. Taking the average weekday and weekend rates for these similar listings gives you a good baseline pricing. During your ramping-up period (typically the first 2-4 months after an Airbnb listing goes live), start at 20% lower than your baseline pricing. Wait for 1 week and see if your listing is mostly booked 2 weeks out (aim for 80%+ occupancy). If not, drop pricing by another 10% every week until you're booked 4 weeks out. If more than 4 weeks are booked within the first week, then raise prices by 10% every week until you're fully booked for the next 4 weeks or until reaching baseline pricing. After you reach the baseline pricing, sign up for 3rd-party dynamic pricing software to monitor and adjust pricing going forward automatically. [2023] - Symon He

The secret of success is making your vocation your vacation. [1989] - Anthony Robbins

The Canadian Estate Planning Institute Inc. (www.estateplanning.ca) offers articles on financial and estate planning. It also provides several checklists and charts that give you a head start on drafting a succession plan for the real estate empire you've built. The National Real Estate Institute Inc. (www.homebuyer.ca) is another excellent source of information. [2020] - Douglas Gray