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Short-Term Rental Management for Toronto Vacation Homes - Comprehensive Real Estate Brokerage Solution

About us

The 17th Top Broker Charity Awards Banquet hosted by the Chinese Canadian Real Estate Professionals Association (CCRPA) was held on April 15, 2023. This prestigious event is known as the “Oscars of the Real Estate Industry,” where business, political, and social elites gather to exchange ideas. Maple Media Group has actively participated in covering the charity awards ceremony over the years, ensuring not to miss out on the shining moments of RIFO One Deed Real Estate’s top broker, Merrick Bao, at this event.

During the pandemic, Merrick and his wife were deeply drawn to the scenes described in the book “Anastasia,” depicting harmony between humans and nature. This sparked their dream of owning a vacation home in Canada. As he began searching for vacation properties, Merrick developed a keen interest in the real estate industry. Recently, I had the privilege of interviewing Merrick, the cover figure of this issue’s Investment Weekly, at the invitation of RIFO Holdings Group. He is a real estate broker with a unique background, and his captivating professional journey and stories left a lasting impression on me during the interview.

个人故事
Me
about-me
vacation

Merrick is someone who takes immediate action when he has an idea. Once he had a clear plan, he started looking for vacation homes right away. From Lake Muskoka to Georgian Bay, Merrick explored hundreds of vacation properties. During this process, he developed a strong interest in vacation homes and the entire real estate industry. He embarked on a learning journey, eager to quickly grasp the ins and outs of the industry.

During the pandemic, many webinars and courses were held online. Merrick immersed himself in online learning every day, covering everything from basic real estate knowledge and investment strategies to financial rules for loans and various legal regulations related to real estate. Like a sponge, he absorbed all kinds of real estate-related knowledge, rapidly transitioning from knowing nothing to becoming fairly proficient. Merrick jokes that he was busier during the pandemic than ever before.

location
cottage
cottage
farm
vacation
cottage

Merrick是一个有想法就立刻去着手实现的人。主意一定,他立刻开始寻找度假屋。从米湖到乔治亚湾,Merrick看了几百套度假屋,在这个过程中,Merrick对度假屋及整个地产行业产生了浓厚兴趣,他开始了自己的学习过程,渴望能迅速了解这个行业。那时正值疫情期间,很多网课和讲座都在线上进行,Merrick每天沉浸于网上,从地产基本知识、房产投资理财窍门,到贷款金融规则,再到各类相关法律法规,各类地产相关知识如海绵吸水般使他迅速从一无所知到基本精通,Merrick笑称自己在疫情期间比任何时候更繁忙。

Merrick是一个有想法就立刻去着手实现的人。主意一定,他立刻开始寻找度假屋。从米湖到乔治亚湾,Merrick看了几百套度假屋,在这个过程中,Merrick对度假屋及整个地产行业产生了浓厚兴趣,他开始了自己的学习过程,渴望能迅速了解这个行业。那时正值疫情期间,很多网课和讲座都在线上进行,Merrick每天沉浸于网上,从地产基本知识、房产投资理财窍门,到贷款金融规则,再到各类相关法律法规,各类地产相关知识如海绵吸水般使他迅速从一无所知到基本精通,Merrick笑称自己在疫情期间比任何时候更繁忙。

cottage
location
farm

Merrick is someone who takes immediate action when he has an idea. Once he had a clear plan, he started looking for vacation homes right away. From Lake Muskoka to Georgian Bay, Merrick explored hundreds of vacation properties. During this process, he developed a strong interest in vacation homes and the entire real estate industry. He embarked on a learning journey, eager to quickly grasp the ins and outs of the industry.

During the pandemic, many webinars and courses were held online. Merrick immersed himself in online learning every day, covering everything from basic real estate knowledge and investment strategies to financial rules for loans and various legal regulations related to real estate. Like a sponge, he absorbed all kinds of real estate-related knowledge, rapidly transitioning from knowing nothing to becoming fairly proficient. Merrick jokes that he was busier during the pandemic than ever before.

Team

Merrick wasted no time in assembling his team and started taking on commissions. Word of mouth from neighbors, friends, and colleagues spread rapidly, attracting more and more clients. To address client concerns, Merrick specifically formed a marketing and operations team to provide clients with a full range of services from initial setup, marketing, booking management, customer screening, all the way to final cleaning, as well as regular services like lawn care, maintenance, and snow removal.

Team
Cottage in Port McNicoll
cottage in Victoria Harb
cottage in Victoria Harb
Home in Kirkfield

End-to-end Services, Short-Term Rentals Made Easier

Merrick is very optimistic about the Airbnb business in most areas. On one hand, there is a strong demand, and on the other hand, with the increased cost of homeownership, many people are looking to gain some economic compensation through short-term rentals. Moreover, professional services can ensure that clients’ properties consistently achieve optimal occupancy rates at the best prices, providing clients with the best possible commercial returns. Under Merrick’s management, Airbnb businesses in most areas achieve an average occupancy rate of over 70%, with rental returns often 2-3 times higher than long-term leases, and without the worry of encountering “rent bullies.” Merrick’s vacation homes have an occupancy rate of over 95% from June to September, with earnings covering ownership costs for the entire summer. Additionally, during weekends and holidays in other seasons, bookings are often fully booked.

The success of short-term rentals not only brings clients significant financial returns but also directly increases the value of vacation homes. Unlike regular residential properties, the operational success of vacation homes is a crucial factor in determining prices for buyers when purchasing vacation properties based on past few years’ operational performance.

Full-service experience for a successful short-term rental.

Vacation homes and Airbnb have helped Merrick build a strong customer base and reputation, making his journey as a real estate agent smoother. He’s friendly, communicative, and adept at building rapport with clients from diverse backgrounds. His sincere and diligent work ethic quickly earns people’s trust, often leading clients to entrust Merrick with their property transactions right from the first meeting.

Full-process service
Full-process service

Media Coverage

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