We’ve all heard the “expert” share their stories around the water cooler about how his or her uncle, cousin, friend of a friends tenant trashed their property, refused to pay rent and had to go through the costly eviction process (especially here in Ontario). So, how can we eliminate or reduce the risk? Investing in real estate is a business and in order to run a successful business, you need to provide a better product than your competitors. When we provide a high quality product (our property) at a fair price (market rent) naturally, our business will attract quality clients (tenants). Here are some tips to attract the tenants you want and to ward off the under qualified.
1. Location, Location, Location!
Buying a property in a great location is key when it comes to a single-family investment. Your ideal clientele will most likely have children and parents want to…
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