Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina REALTOR® James Wruth Shares Advice on Becoming a Landlord

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

So You Want To Become A Landlord In Regina?

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share advice for folks considering investing in revenue properties in Regina, with a view to becoming a landlord. 

Things you need to know before you become a landlord.

If you’re looking to become a landlord, investing in Regina real estate is a solid way to generate passive income! However, before you invest in Regina revenue property, it’s wise to know if you’re getting a good deal.

Here are some tips to consider when buying an investment property in Regina. 

1. Buy the right Regina property that is sure to rent easily

- Select Your Target Regina Neighbourhoods Carefully - remember this is not where YOU are going to live

Consider the following before you invest:
  • Is it a safe neighbourhood? ( Check out Regina Police Crime Map ) 
  • What amenities are found locally
  • What is the rental vacancy rate in that neighbourhood?
  • How close are you to local shops, parks or recreational facilities? 
  • How far away are you from the bus stop or transportation hub?
  • If you are considering buying property suitable for a family are you close to schools? 
You may want to consider duplexes for the peace of mind they bring. With duplexes, you have two units, so if you go for a while without a tenant, it’s usually just one apartment, not both, so you still have some revenue coming in. As an experienced Regina realtor, I can provide a lot of support in your search! 

2. Treat your rental like a business

You can make good money being a landlord, through both monthly cash flow and appreciation on your property. But it’s not like buying a mutual fund. You need to be ready to handle the types of struggles you’d face with any business. You must have a budget for emergency fixes for example! 

Know your rights as a landlord in Regina! 

3. Be sure to properly screen potential tenants

We’ve all read stories of nightmare tenants who generate endless noise complaints, damage property and even stop paying rent. To protect yourself, I recommend credit checks (available through agencies like Equifax and TransUnion) and asking for references from employers and past landlords. I also recommend matching landlord references to the credit check, which shows past addresses, to ensure the applicant is being truthful. Once you’ve found great tenants, you’ll want to hold on to them for as long as possible.

4. Check your insurance coverage

If you’re renting an apartment within your home, your existing home insurance policy could be enough coverage. But if you’re renting a building that you don’t live in, you’ll need to look into additional insurance While it’s not legal to require your tenants to purchase insurance, it’s important they know that they’re not covered by your policy. It’s a good practice to recommend they take out their own tenant insurance policy so their personal property is covered.

5. If you aren't handy or good at DIY - find folks you can trust who are! 

You can save even more time by making sure you’re set up for success from day one. Build a network of professionals — electricians, plumbers, handypeople. This way you can handle most routine problems, like a leaky faucet, with a simple phone call.

Have questions about buying revenue properties?
Contact me today, I am here to help!


If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Trusted Regina REALTOR® James Wruth Shares The Importance of Being A RE/MAX Crown Real Estate Agent

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

James Wruth Shares The Importance Of Being A RE/MAX Crown Real Estate Agent In Regina

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share the advantages of working with a REMAX Crown Real Estate Agent in Regina.

Why I am Proud to be your RE/MAX Crown Real Estate Agent in Regina

Buying or selling a home is likely the largest and most important transaction you’ll ever make. That’s why so many people trust RE/MAX: the most widely recognized real estate brand in the world. For more than 20 years, RE/MAX has been the leading real estate organization in Canada. By providing the best training, administrative and marketing support, brokers and agents are free to focus on what they do best: SELL real estate.

As a RE/MAX Crown Real Estate Agent, I am focused on providing you with the best results and service in the industry. I listen carefully to understand your real estate goals and work hard to create solutions that make sense for you. Whether you are new to the market or an experienced investor, I have the expertise, proven track record, and resources to help you achieve your real estate goals. A common mantra in real estate is “location, location, location.” REMAX agents have extensive knowledge of the Regina area and can help find the right home for you or the right buyer for your home.

As a RE/MAX agent, I am supplied with exclusive tools and training to ensure I have the skills they need to effectively guide you through the real estate process. In fact, Canadian RE/MAX agents averaged twice as many transactions as its competitors. (based on 2015 closed transactions source: CREA, RE/MAX) and have more specialized designations than any others, making them Canada’s most productive agents.

Tech Savvy

RE/MAX has always been a leader in the real estate industry, adopting the latest technology and creating innovative marketing programs. RE/MAX was the first brand to expand its reach to the global market through a revolutionary global listing site. With listings from more than 80 countries, displayed in over 40 languages, RE/MAX agents have the opportunity to search and post listings internationally, making international transactions easier than ever.

Community 

At the heart of RE/MAX is a deep commitment to the communities we operate in. This was another big reason why I was drawn to the brand as a new agent back in 2006. RE/MAX Crown Real Estate Agents succeed with dedication, experience and community involvement. As a team, we have raised thousands of dollars through charity work, and we channel those funds into local and regional children’s medical facilities to improve the quality of life in our local communities! 

All RE/MAX Agents display the Miracle Home sign on property listings. As we are committed to helping hospitalized children across our province and have pledged a portion of their income from the sale of that home to the Jim Pattison Children's Hospital Foundation.

Your home is one of the biggest investments of your life. When you’re ready to buy or sell, choose wisely—choose me, James Wruth REMAX Crown Regina Real Estate Agent.

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Trusted Regina team brags about James Wruth a Trusted Regina REALTOR®

The Trusted Regina team is thrilled to brag about our newest Trusted Regina REALTOR®. We are thrilled to welcome James Wruth to the Trusted Regina Community of business operated with integrity.  James Wruth is a Trusted Regina Real Estate expert



James Wruth of RE/MAX An Expert At Your Side

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of Remax Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction.







A Regina real estate professional known for his extensive market knowledge and his unmatched devotion to his clients, James’s success is based almost exclusively on client referrals. He earns the respect and loyalty of his clients by working tirelessly on their behalf and by always offering them honest and candid advice.

"James is an outstanding Realtor who takes the time to provide unbiased advice around any properties we were looking at in order for us to make an informed decision. His attention to detail professionalism patient manner allowed both my wife and I to confidently assess options and we could rely on him to provide pros and cons while keeping in mind our needs for our perfect home. James always went the extra mile. You have created raving fans out of us both " - Colin Romano- Regional Manager Investment and Retirement planning - RBC Royal Bank 


James Wruth believes that relationships are more important than transactions and he has built his Regina real estate business around that philosophy. 
 
When we sat down with James our team was immediately impressed with his authenticity and professionalism. He has over 15 years in the Regina real estate industry and is clearly an expert who loves what he does. He shared that he has worked diligently to build the business over the years, apart from when he took a year off in 2016-2017. This was because James made the decision to put his career on hold and spend as much time as he could with his father before he passed away in September of 2017. James is a family man through and through and he is a proud father to 3 daughters.  

Community Support.


James Wruth is committed to supporting the community and actively supports many Regina non-profits and charities,  including Children’s Miracle NetworkHospitals of Regina FoundationSouls Harbour Rescue MissionThe Royal Canadian Legion and the Saskatchewan Wildlife Federation.


He believes in personalized one-on-one service to fully understand you, your real estate goals and to be 100% accountable to you. If you are looking for a real estate agent who works tirelessly on your behalf and always offers honest and candid advice then James is a perfect choice. 



"The responsibility of selling your home in Regina and area does not come lightly to me. I understand the effort and challenges that surround the decision to sell your current property, and I will provide the real estate expertise, resources and strategies to guide you through it seamlessly. I'm here to provide you with the guidance you need to feel confident and absolute certainty that you are in the right hands." James Wruth


Sell Your Home For The Best Possible Price, With The Least Amount Of Time and Stress!

James Wruth Is A Trusted Regina Estate Agent



Trusted Regina Real Esate Agents and Regina Real Estate Experts share tips on planning for extra expenses when buying a home

Find Trusted Regina realtors on the Regina Directory  

Home Buying Costs - Extra Expenses:

No matter what type of home or property you’re buying, plan on some extra expenses.
F
  • A land transfer tax (a sales tax on property) in certain provinces
  • A mortgage broker’s fee
  • An appraisal fee
  • Surveying costs (if the seller couldn’t come up with a current survey)
  • A high-ratio mortgage insurance premium
  • An interest adjustment. (Mortgages are normally calculated from the first of each month. If your closing date is the same as the beginning of your mortgage, there will be no adjustment. However, if your closing date is July and you move in on June 15, those last 15 days are the interest adjustment period. Your lender will expect you to cover the cost of the interest during that time.)
  • Reimbursement to seller for the unused portion of any prepaid property taxes or utility bills
  • Legal fees, and, if applicable, REALTOR fees®
  • Title Insurance
  • Moving Expenses … even if you handle this yourself.
  • Hotel costs…sometimes you can’t get in right away and if you haven’t friends in your new place you may have to expense out accommodation and expenses for a couple of days.
  • Pets… what if you need to house kennel them during the initial stages of the move.

There are lots of things to consider and it doesn’t hurt to set down and plan things out prior to move day. A good number of first time home buyers are told they will need to put 5% down as a down payment. I usually tell them to figure on having another 1.5% on hand to cover other expenses. So if you’re purchasing a home for $250,000 and you need 5% which would be $12,500 then figure on another $3750 to have on hand to cover the other expenses. No need to tell you this is only a guideline and it could end up being more or less.

Find all the listings for Trusted Real Estate Agents in REGINA REAL ESTATE on the Regina Directory of Trusted Businesses...we know you won't be dissapointed!  

Trusted Regina Realtors and Regina Real Estate Expert shares a tip on conditional offers

Using “Conditional Offers” to Your Best Advantage

You find a home that you’re interested in buying. But you have concerns. Is it in a good state of repair? Will you be able to secure the right financing? Can you sell your current home in time? Any of these issues can prevent you from making a prompt offer and, as a result, cause you to lose the opportunity. The solution? Make a conditional offer.

A conditional offer means just that. You offer to purchase the home so long as certain conditions, which you specify, are satisfied. Here are the most common examples:

■“Subject to financing”. You will buy the home if you’re able to arrange for a suitable mortgage.

■“Subject to inspection”. You will buy the home if it passes inspection by a qualified home inspector of your choice. If he or she finds that substantial repairs are required, you can either walk away from the deal or renegotiate.

■“Subject to selling my current home”. You will buy the home if you can sell your own home within a set period of time. For example 45 days. A seller might agree to this if your home is competitively priced.

■“Subject to the repair of ____”. You will buy the home if the seller makes certain repairs, at his or her own expense. This can range from something relatively minor, such as fixing a crack in the foundation, to a major repair like replacing the roof shingles. A conditional offer will protect you. However, there is always the risk that the seller will say “No.” If you’re in a competitive situation, for example, and another buyer’s offer is unconditional, you may lose the deal – even if your offer price is higher! So you really need to use conditional offers strategically, in just the right way, under just the right circumstances.


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