{"id":29479,"date":"2021-04-13T15:57:15","date_gmt":"2021-04-13T22:57:15","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=29479"},"modified":"2023-03-03T11:40:38","modified_gmt":"2023-03-03T19:40:38","slug":"ask-an-expert-klaus-rode-on-toronto-rentals-century-21","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/landlords\/ask-an-expert-klaus-rode-on-toronto-rentals-century-21\/","title":{"rendered":"Ask An Expert: Klaus Rode On Toronto Rentals | Century 21"},"content":{"rendered":"\n

Welcome to “Ask An Expert” where liv.rent<\/a> introduces you to the folks that know the ins and outs of the Canadian rental and real estate markets.<\/em><\/strong><\/p>\n\n\n\n

In this “Ask An Expert,” we’re meeting Klaus Rode<\/a> from Century 21. He’s an expert in the Vancouver<\/a> rental and real estate markets. He’s also a property management professional who has expanded to working in Toronto rentals<\/a>.<\/p>\n\n\n\n

Now, he brings a fresh perspective to the local Toronto market. Let’s meet Klaus now and hear his advice for renters, landlords, property investors, and anyone who calls Toronto home. <\/p>\n\n\n\n
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Table of Contents<\/strong><\/h2>\n\n\n\n
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Meet Klaus Rode<\/a><\/strong><\/p>\n\n

What’s the Toronto rental market like?<\/a><\/strong><\/p>\n\n

Differences between the Vancouver and Toronto rental markets<\/a><\/strong><\/p>\n\n

Challenges & opportunities in the Toronto market<\/a><\/strong><\/p>\n\n

Advice for Toronto’s landlords<\/a><\/strong><\/p>\n\n

Advice for Toronto’s renters<\/a><\/strong><\/p>\n

Why use liv.rent?<\/a><\/strong><\/p>\n\n\n<\/div>\n\n\n\n

Meet Klaus Rode<\/h2>\n\n\n\n

How did you get started in real estate?<\/h4>\n\n\n\n
\"Klaus<\/figure><\/div>\n\n\n\n

After graduating from UBC<\/a> in International Relations, Klaus didn’t know what to do \u2014 like most university graduates, he admits!<\/p>\n\n\n\n

So, he headed for the hills and ended up working on a few ski hills like Silverstar in Vernon. That’s where he ended up working at the Putnam Station Hotel and was first introduced into the rental market. “I then ended up doing the furnished rentals<\/a> for the condos and houses on the ski hill,” he said.<\/p>\n\n\n\n

“The year after that, I worked for Central Reservations where we did the booking for the condos and houses, and that led into basically a career in furnished rentals and executive rentals in Vancouver<\/a>,” said Klaus.<\/p>\n\n\n\n

In his work, Klaus interacted with a lot of realtors who always encouraged him to go into sales, too. So, he got his real estate license and property management licenses and expanded his horizons. <\/p>\n\n\n\n

\"all<\/figure>\n\n\n\n

How did you get into the Toronto Market?<\/h4>\n\n\n\n

While working in the corporate housing sector, Klaus spent two years living and working in Toronto.<\/p>\n\n\n\n

“I\u2019ve always sort of missed Toronto, so after a successful career here in Vancouver, it was always in the back of my mind that I did want to get back there at some point in my life.”<\/p>\n\n\n\n

As he was working in Vancouver, his team was approached by lots of landlords who would ask for recommendations. They wanted to be connected with someone who did full-time property management in Toronto<\/a>.<\/p>\n\n\n\n

The city has lots of realtors who help with tenant placement, but there is a gap in the number of actual property managers available.<\/p>\n\n\n\n

“So both ideas came together,” said Klaus, who felt the push and pull to work in Toronto. “It was in 2019 that I flew out to take my real estate license exam in Ontario<\/a> and passed.”<\/p>\n\n\n\n\n\n

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Back To Top<\/a><\/strong><\/p>\n<\/div>\n\n\n\n

What’s the Toronto rental market like?<\/h2>\n\n\n\n

“The Toronto rental market<\/a>, from everything I\u2019ve seen, is that for the last 15 months now the rents have gone down. And that doesn\u2019t seem to be stopping. So you can get some really good properties for less money than you would before,” said Klaus.<\/p>\n\n\n\n

“I find you can now get one-bedrooms for $1800 to $2000 that probably before would have been $2200 to $2500. There definitely seems to be a lot of inventory and a lot to choose from.”<\/p>\n\n\n\n
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