Thinking about hiring a property manager for your rental property? I have a comparable idea: Take 10% of your rental income and light it on fire… Unless you live in a different city than your rental property, or you’re just so busy you can’t take the 1-hour a month required to stay on top of…
You may have read a recent blog of mine, which mentioned the fact we were selling our family home. With a growing young family, my wife and I decided we need more land for the kids to play on, so we committed to build a new house on what is currently a big pile of…
Investment properties are simple to run when you’ve done your homework or have experience – it’s not rocket science and being a landlord is one of the best ways to generate passive income. However, rental properties can be disastrous for haphazard first-time landlords. In light of that, and to help guide you along the landlord…
From the luxury condo rental market in Manhattan to townhouses in the oil town of Calgary, cities which not too long ago gave landlords a rental shortage with heavy demand from tenants are seeing the tide turn. Landlords are now having to compete for the tenant, offering gimmicks such as a free month’s rent, gift…
We are living in strange times. Western world central bankers are creating an economy based off debt, which is scary because consumers have demonstrated in decades past a general lack of fiscal responsibility when credit is cheap. What’s more, some countries in the Western world, specifically in Europe, are now under negative interest rate environments…
Before you purchase an investment property, there are two little-known, yet critical, steps to take, and they aren’t covered in the home inspection… so listen up – they can end up saving you a ton of cash. As you know from reading previous blogs of mine, two things kill your ROI on a rental property:…
It was nearing the end of my tenant’s lease, and she was planning on buying a house after renting for three years. I was sad to see her go because she was one of the best tenants a landlord could have, but thrilled that she had saved up enough for a down payment. She is…
Recently, I was helping a friend house hunt. He was new to the city, and not too familiar with any of the neighbourhoods. Astutely, he wanted a second opinion in the process. Deciding Which Property to Buy After scouting about 20 houses within his budget, he had finally narrowed his choice down to two…
Selling my first real estate property was exciting. Taking money off the table is always nice. Only mistake I made was not properly calculating the amount I was to be left with upon closing of the sale, leaving me in a bit of a pickle because I had already committed my miscalculated return to another…