We've been investing in real estate for almost 10 years now and across 4 provinces. I can tell you from experience the most important thing you can do once you've picked your area and property is to find a good, no make that great, property manager. It's a lot harder than you think.
We've had some outstanding property managers and some unbelievable ones (forging the tenants welfare cheques ranks among the worst).
Todd took the time to write a "How To" article specifically for those who have income property and want to make sure their asset can still produce cash-flow in any economic environment.
"When vacancy rates increase you want to make sure that your units aren’t the ones that are empty. There are two ways to do that; one is to rent high quality units at excellent rates to long term tenants and the other is to keep your property manager on their toes.
How do you do that? Here are 5 crucial tips to make sure your property is managed to its best potential." Read Article
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