Kean On You with Women Entrepreneurs: Recent Episodes
Kemba Williams and Andrea Williams
This is a New Podcast for Women Entrepreneurs or those women who are soon to-be-Entrepreneurs because we know you want this for yourself and for your family. Join us each week along with our knowledgeable experts, as we share strategies for you to develop the right mindset and acquire skills to be your own Boss Lady and to create the abundance of wealth you truly desire!
An insider look at investing in real estate. We met Tonya and Brine in 2021 and were guests on their show. From there, the relationship grew and they joined our Secrets to Success Course to learn how to buy and hold real estate and build wealth. Tonya and Brine share their journey to buying their 1st investment property. This adventurous couple are building generational wealth for themselves and their family and they share how they were able to get it done.
GVAMS Foundation - Making a sustainable difference in Haiti, One Person at a time
Haiti and its people have been faced with challenge after challenge and its come to the forefront the treatment of Haitians at the US boards recently. In this episode of our KEAN on You podcast - www.keangroup.ca/podcast-2, Andrea and I sit down with one of the founders of the GVAMS - Foundation https://www.haitiforward.ca/ - Vikki Borg-Iuele. Herself and her husband along with a small group of volunteers have raised over $100,000 and have been working to support communities, improve living conditions and develop cottage industry since 2010. Get inspired, make a difference by making a donation at https://www.haitiforward.ca/ If you have the time, motivation and skills to help with fundraising, and this on the ground support is always needed.
This energetic couple have so many insights to help others looking to achieve balance and a successful family and financial life. They are the parents of four kids and the hosts of The Disrupt the Everyday Podcast along with holding down full-time jobs. Brine also hosts several of other podcasts that are specifically related to the field that he spent 15 years in, which is Healthcare Security.
Although off this summer, Tonya also runs a home daycare full time. They are renovating their home as well, have started investing in real estate outside the province. In this episode they share their tips for keeping it all together and balancing their family life and achieve peace and success together.
In today’s episode we are talking to Cameil McLennon, an entrepreneur and PDI consultant. Cameil joins us today to share her tips for PDIs and best practices for new homeowners.
Originally from Jamaica and a recent immigrant to Canada, Cameil originally worked in the tourism industry which gave her a solid foundation of customer care and admin services. From there, Cameil moved on to the construction industry. Now, at 36, Cameil is a new entrepreneur with two businesses based in Toronto.
In this episode:
- About Cameil and her current businesses. (1:35)
- What is a PDI and what does it mean for a brand-new build? (2:45)
- The dangers of sneaking into your new property before it’s ready. (4:20)
- What should you be looking for in a PDI and how should you prepare? (4:56)
- The importance of being thorough in your inspection without obsessing over the little things. (6:45)
- What is the difference between requirements of the builder and warrantable issues? (8:42)
- Reasons why you must be precise when recording issues on your PDI forms. (9:35)
- How you should research your builder and why it’s so important. (11:00)
- About Andrea’s recent experience with her new home. (13:18)
- Holding builders responsible for delivering a polished product. (15:55)
- What Cameil’s life as an entrepreneur looks like. (16:52)
- How The Admin Polishers came to be. (17:30)
- Fine tuning and why it has to be done in this industry. (18:20)
- Some recommended resources from Cameil. (19:57)
- How the pandemic drove change in Cameil’s life. (22:25)
Resources:
- Home Construction Regulatory Authority - https://www.hcraontario.ca/
- Tarion - https://www.tarion.com/
- Tarion's PDI YouTube series - https://youtube.com/playlist?list=PLGI_hEM8F6Sp10prD8dgi9dFQ5kSOykGN
Connect with Cameil:
- Tings Jamaican - https://tings-jamaican.com/
- The Admin Polishers - https://theadminpolishers.ca/
- LinkedIn - https://www.linkedin.com/in/cameil-mclennon
Contact the Kean Group:
- Instagram - https://www.instagram.com/kean.on.you/?hl=en
- Website: https://keangroup.ca/
- Youtube: https://youtu.be/gzviZeuyLO0
We do have a special guest tonight and his name is Andrew Hunter. He is a pro athlete, basketball player. And he moved into real estate and from real estate into banking and from banking. Now, he is an entrepreneur who owns his own brokerage and real estate firm. And he's had an awesome career and he's going to share with us.
Andrew brings us on his travels through Europe while playing professional Basketball and talks about what led him to start investing in real estate. We learn about how he's grown his own portfolio and has now found his way to being a Mortgage Broker and Real Estate professional with his 2 companies
Real Estate Brokerage
Hunterra Real Estate Brokerage Inc.
www.hunterragroup.com
Mortgage Brokerage
Bay Hill Financial Corp.
www.bayhillfin.com
Alfonso shares his experience coming through 2 wars and arriving in Canada, and using his skills and entrepreneurial tenacity to build a successful business. He experienced running a business during a global catastrophe 20 years before covid. Because of his successes and failures he learned the value of Real Estate and shares how he got involved and learned. Today he has over 500 units in his portfolio.
How a 29 year old Millennial Started Investing Real Estate?
Jamal Newman was born and raised here in Canada but completed high school and university in the US. He graduated with a bachelors of science majoring in biology. After which he came back home and was exploring a career in health care, although he wasn’t quite sure what field specifically he wanted to be in. Jamal's mom was always supportive of whatever he wanted to do, she never pushed her children in a particular direction but whatever they chose she would support, they essentially had to be their own ignition and she was the gas to fuel the fire.
Currently as an insurance advisor specializing in health and living benefits, Jamal works in education and engagement at the Ontario Medical Association.
Real estate is more of a passion for him right now and he feels like most people that have jobs where that we do what we need to do and then that helps fund our passions or rather what we want to do. For people that have been able to blend the two they’re extremely blessed.
His journey in real estate most relates to his entrepreneurial spirit which he definitely inherited from his mother. Listen in for how he came to own 4 properties at such a young age, while working full time. He's set to do big things and we can all learn from his drive and determination.
That our future resources are going to be far greater than our present resources. What does that really mean when you borrow money? It should be used to grow your personal assets or you are in a position to grow your business so that you can be successful, hire people and spread the wealth.
The Use of Credit is based on the assumption that are future resources are greater than our present resources
Are you using credit to build wealth?
What is Credit made up of? It is your history, your Score, and your credit report
Myths about Credit clarified:
- You don’t need to carry a balance but you do need to use your credit
- All credit reports are not the same, we have Transunion and Equifax, there can be discrepancies
- Checking your credit will impact your score, there is a difference between hard and soft credit pull.
- Having now credit is not good credit, no record is not good because you are seen more as a risk
- Pay off derogatory debts and settling can remove it from your credit, only in 6-7 years will it be removed, You can’t get it removed unless it was a mistake
The difference between a consumer proposal and bankruptcy.
Why do you need good Credit?
- The better your credit the better your rates and terms & conditions of the mortgages
- To buy or rent a home
- Employers are pulling credit
- To Start a business
- Student Loans now are checking your credit
- Buying or leasing a Car
- Auto or home insurance
There is a need to do your best to maintain good credit
What is Good Credit
- There is a scale from 300-900
- Under 500 is Bad
- 500-600 is Not Good
- 600-700 ready to by
- 700-800 very good
- 800-900 Excellent
What impacts your Score
- 35% is Payment History
- 30% is Utilization, how much of your credit are you using, it helps to bring down your balances to look good to lenders
- 10% - Types of Credit you have e.g. credit cards, mortgages, lines of credit - Lenders prefer to see major types of credit cards
- 10% - Pursuit of new credit - how much new credit are you shopping for
- 15% - Credit History
Your Credit Score does not define you, you can rebuild from a bad Score
Contact Siobhan Bent - Mortgages 4 Moms
www.mortgages4moms.com
info@siobhanbent.com
www.siobhanbent.com
416-505-3067
Instagram: @mortgages4moms
A secret the Banks don’t want you to know - The Rule of 72
- A simple calculation to determine how long it will take for you to double your money, banks and lender use this simple rule to determine how long it will take to double their money while extending credit to you.
Set a debt Freedom date
- 2 ways to decide which debts to pay of debts first
- Smallest debts first to feel like you’ve seen success quickly then move on the tackle the next largest debt
- Tackling the debts with the highest interest debt or most costly.
- Listen in for more excellent tips on improving your credit and using your good credit to build wealth
Listen in to get more nuggets!!
We’re here with Candace Harris, an Investor herself who is out there creating so much great value for her investor partners and herself by using a specific strategy called an in-fill. These give an opportunity to create value where it did not exist before. It’s not the quickest path, but it definitely has the potential to create higher return on investment than other strategies. Listen to the end for Candace's Tips for investing in in-fills!
Not Getting Results Filling a Vacancy? Try a Tenant Placement Service!
A discussion with an investor in the Toronto Condo market faced months of vacancy and after calling the KEAN Real Estate Group, they were able to find him a tenant within a week. As investors, they use their experience and various strategies to ensure that they are able to attract and retain the best tenants for clients. As more landlords face high vacancy rates, especially in Toronto, their client Vincent thinks our services are valuable.
Michelle is a black woman in Canada, who has built wealth in Real Estate. She tells us about her history with Real Estate and learning about building wealth from her parents in England. This honest conversation shows what drove her to invest in real estate. She shares her recent purchase and about the good, the bad, and difficult parts of the process during the Covid19 pandemic. Her insights are inspiring and will give you strategies on, not only building wealth for yourself, but also for generations to come.
You have to be willing to try new things when faced with a challenge. Not every attempt will be successful but with a pivot or moving to plan B or C, you might discover your next big idea. We share our journey of creating a short term rental that we were able to use to avoid multiple months of vacancies. We started to allow shorter-term tenancies to and that allowed flexibility during uncertain times.
There is almost no one who has been unaffected by the COVID19 Pandemic, whether you've become extremely busy and overwhelmed or the reverse we are all changed by this experience, not to mention if you or your family and friends have contracted or lost someone who contracted the disease. Therefore, why would you think, as a property owner you can keep things as status quo with your rental property. Especially when a current tenant or business model is not working. Here we discuss some strategies to attract tenants and reduce vacancies in a challenging environment.
The topic of this podcast is providing tips to owners or landlords and we provide its if you are trying to find a tenant yourself as well as tips for tenants to secure the place they're interested in. Many owners may contract this service out if they are unable to rent their own properties especially if their property is out of town or not close to where they live. Covid has given us the opportunity to do more and differently such virtual and video tours
We speaking with Yandi Martelly, Real Estate Investor, and Owner of Training Program Solutions a company developing training programs to support medium to large businesses to upskill their teams, meet compliance requirements, and overall keep their employees and management relevant in our ever-changing and disrupted environments. Yandi shares how she began in real estate, as well as the lessons her parents shared to help, guide her to start early. With experience in renting properties, find out how Yandi manages her property from a distance and how she treats her tenants to ensure they value her property as much as she does.
It is a huge challenge to have our children at home even for those with experience teaching children. Whether your business is down and out or you're busier than before, we're all struggling with adapting to being at home. In this episode, we're sharing strategies to help you and your kids stay sane at home and continue the educational activities to keep them engaged and on track for success. We know these tips and resources will help you and hope you can share some of your own ideas to keep your kids on track as the COVID19 quarantine extends to the next school year.
We are speaking with Leeanne Bayley-Hay who is a women entrepreneur, business owner and mom who will share with us her perspective on the coronavirus and its effects on her business, herself and family as well as what she's doing to cope and sharing strategies to help your business adapt.
Leeanne does not sell to the public, however, if someone has invented a baby product or has an eco-friendly product they would like to get into a store, she offers consultancy for a fee. The fee varies depending on how viable the product is and if she sees potential, and how much work is required to get it to a store level. No product we see on the market just appeared on the first try. It is hard work and not for the faint of heart. There are also many regulations with Health Canada and the TSSA for safety. But Leeanne is always there to help guide you and she knows people and distributors in the industry who might also be interested. It is amazing though to see a product start from an idea, then turn into a design prototype, go through testing and then production, get packaging and make it onto a store shelf.
Tips from Leeanne
- Staying connected with current clients both directly and via Social Media
- Keep looking for new clients even during the crisis at this time, if a business is slow, focus on connecting with new and existing clients.
- Branch out and consider the skills you have and how they can be transferable to other product lines and services
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- Leeanne specifically does natural products and buy local or responsible
- COVID Situation - When you’re a salesperson and your job is to sell but during COVID dial back selling to be empathetic to people and their situation.
- Contact our guest: Leeanne Bayley-Hay of Pickney Gear - https://pickneygear.com/about/
- Canadian Resources Available to help Businesses https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses
How we Became Real estate Investors (Andrea and Kemba)
Welcome to the first episode of our podcast. We are real estate investors who have built wealth using real estate, and we want to show you how to create a wealth of your own by turning your passion into a successful business.
In today’s episode, we would love to share our journeys to becoming real estate investors. We want you to be empowered as women and as moms so that you can live the life of abundance and wealth you truly deserve.
If you’re ready to take the plunge, and if you want to build another source of income, you’re in the right place. Listen in.
Key Talking Points of the Episode:
- Kemba’s background
- Kemba’s first property purchase
- How Kemba and her husband joined hands to buy property
- How Kemba’s experience has shaped her real estate business
- Lessons that Kemba learned from her journey
- Andrea’s background
- How Andrea developed a passion for homeownership
- Andrea’s first property
- How Andrea and her husband bought a home jointly
- Andrea joining hands with family and friends to invest in real estate
- Andrea learning how to write an agreement without involving a lawyer
- What materials did Andrea read in pursuit of knowledge?
- Connect with us
Key Milestones of the Episode:
[02:49] Kemba’s family story
[03:36] How Kemba got into real estate
[04:20] Kemba’s first property with her cousin
[11:26] Kemba’s journey to wealth creation
[12:22] Lessons that Kemba learned from her journey
[14:52] Andrea’s background story
[15:17] Andrea’s passion for real estate
[15:30] Andrea’s first property
[21:33] Andrea’s journey to wealth creation
[24:19] Lessons that Andrea learned from her journey
[26:03] What reading materials helped Andrea get where she is today?
[29:30] Connect with us - Instagram @keanonyou or www.keangroup.ca