Canada's entrepreneurs are gearing up to create more work. 81% of all new jobs in 1997 were created by companies operating with less than 20 employees. More and more people work from home. 15,000 new home businesses were registered in 1997 in B.C., more are registered daily. A lot of the new jobs are coming in the real estate sector. There are some great new niche-marketing job opportunities available - almost anywhere but particularly in small town BC and small town Alberta.

Three major areas of opportunities:

1. Renovation
2. Property Management
3. Consulting

Renovation: The renovation business is exploding. Top CMHC forecaster, Lee King from Victoria projects that the total value of the renovation business in BC will surpass the total value of all new construction within 6 years. If this sounds outlandish to you, consider this: The total value of the renovation business in Nova Scotia, Newfoundland and PEI ALREADY surpasses the value of new construction. BC houses are getting older needing upgrades, kids are moving back with their parents or simply stay longer and presto.renovation is a real option.

Property Management: Most investors know that you can invest and buy real estate anywhere.the trick is keeping it rented and in good shape. Income and capital gain dollars are easily wasted by unruly or transient tenants...thus a good manager is gold. A great entrepreneurial job opportunity for a quality guy or gal.

There is the question of "regular" property management and "resort" style management. On the regular side, please note that it is very difficult to find a qualified and quality property manager in most small towns anywhere. If you dedicate yourself to investor causes, you'll do well. Become a property manager, do a first class job, but charge first class too. In Ontario rental companies and even Realtors take a cool full month rent just to find a tenant (!) and do not get involved any further. So take the lead in BC and Alberta .give No.1 service but take the first month rent plus a solid percentage per month as well. (Next week: What does first class property management mean!) How to get the work? List yourself with local investment clubs, get on the JREI subscriber exchange (yes.it is still FREE), send a hand - out to all real estate companies, offer a referral fee to Realtors, Bankers, Credit Union managers.be creative.

On the resort side of property management consider this: Most resort management companies that are tied to word wide reservation systems take between 45% and 65% of the income. While it sounds good on paper when income is projected at purchase time, many investors hate having to pay this.particularly when projections are missed. Many investors at Whistler for instance that can get out (they own a Phase I type covenant unit) would gladly pay 25%-30%, if only they could find a reliable property manager to do it. Great new jobs here. Condos rent for as much as $100 -$300 per night. In an ideal case just renting a unit for $100 per night for 20 nights out of 30, for an income of $2,000, at 30% the manager is well paid. Think about it: If he or she had just 8 such units to manage - presto - a new $50,000 a year job.and more income for the owners to boot.

Real Estate Consultants will become more and more prevalent, much like financial planners.as the population ages. In the future most information-based businesses can only thrive if they are either the originators of information.or the interpreters of information. That field is also wide open. How to find the work? If, you are a subscriber, call JREI office and list your service on the subscriber exchange, become part of local investment clubs, etc.

jurock.com

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About the Writer
Ozzie Jurock is the president of Jurock Publishing Ltd., Editor of Real Estate Insider Publication and Author of Forget About Location Location Location

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