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**Heading:** Importance of Understanding the Responsibilities of Owning Rental Property

**Content:**

‘The reality is that once you buy a rental property, you have just started running a small business,’ says local property manager

A significant number of individuals considering investing in real estate in the coming year can greatly benefit from attending an upcoming event that aims to provide them with a comprehensive understanding of the implications of their decision. The event, titled “Rental Properties: ItÔÇÖs Not Just Investing, ItÔÇÖs Running A Business,” is scheduled for September 25 and will be held at the Barrie and District Association of Realtors (BDAR) office, situated at 676 Veterans Dr. in the south end of the city.

Rob Hilton, the owner of A.G. Secure Property Management, a respected company that handles residential rentals for local and out-of-town landlords in Simcoe County, is actively involved in organizing the event. Hilton emphasizes the need to educate both seasoned investors and those new to the field about the realities of property ownership.

ÔÇ£As a property management company, we find so many investors and want-to-be investors are not well educated on what they are about to jump into,ÔÇØ Hilton explained. ÔÇ£The reality is that once you buy a rental property, you have just started running a small business.ÔÇØ

It is often observed that individuals are enticed by the initial promises of effortless real estate investing without fully comprehending the potential challenges that lie ahead. Hilton highlights the issue of relying on information from sources outside of Ontario or anecdotal advice, which can be misleading and oftentimes inadequate.

ÔÇ£Very few even realize that marketing a rental falls under the Ontario Human Rights Code. That smoke and carbon monoxide fall under fire code. City property standards kick in for how a property is maintained. Zoning laws have rules on how property is used,” he added.┬á”The┬áResidential Tenancies Act governs how tenants are treated. Even the tax man has set new rules for vacant unit taxes and for flipping properties. This is not something most people think of.”

Given the current housing and renting landscape, with increasing public interest on the subject, the event scheduled later this month has enlisted several expert speakers who will provide valuable insights into the market. Attendees can expect contributions from a mortgage broker, an accountant, a home inspector, a real estate lawyer, a real estate agent, a paralegal, a secondary-suite designer, and Hilton as the property manager. The purpose is to inform and educate the attendees about the intricacies of the rental market in its present state.

The event will take place from 7 to 9 p.m. on Monday, September 25. Those interested in attending can find further information on the Facebook page or contact Hilton via email at [email protected]

**How AI legalese decoder can help with the situation:**

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