It was nearly two years ago that I ventured into a world quite unknown to me. Having lived a very sheltered life, I was surprised how quickly I was seduced by a world driven by “Benjamin”. In Benjamin’s world, I quickly became intrigued by his fifty shades of grey. There were, perhaps, more than 50 […]
Business people travel for work all the time. Relocation is often times part of the position; it might be temporary or permanently. This is the reason why there is a demand for comfortable furnished apartments to live in. If you have an income property that is costing you money rather than making it, consider hiring […]
You’ve made the decision to purchase an investment property and after some preliminary number crunching, you’re considering marketing it as a fully furnished luxury rental. If you have done your research and your analysis is in the right ball park, you will have realized that on average, you can earn anywhere from 25% to 50% […]
The other day, a client asked me whether now was a good time to buy a condo in downtown as an investment property for the purpose of renting it as a furnished apartment in Toronto. Specifically, this client was looking at a large loft around the King / Spadina area listed at $600,000. The unit itself was […]
Here are the top 3 most common real estate myths that I have heard from both buyers and sellers over the years: 3. “A fixed-rate mortgage protects me from interest rate increases”. This is not entirely a myth, because there are some very specific circumstances under which that statement could be valid. Specifically, two things […]
So, you’ve made the decision to purchase an investment property or to turn your existing condo or loft into an investment property. A decision needs to be made soon and you’re beginning to think about renting it out as a luxury furnished apartment. The first decision you will be faced with is whether to manage […]
Renting your apartment doesn’t have to be a hassle, here are 15 easy steps you can follow to ensure the occupancy of your unit. Steps: Figure out how you want to rent the apartment; there’s a difference between furnished or unfurnished. Prepare the unit accordingly. Make sure it is clean and sanitary for future renters. […]
If you have an investment property or are mulling over one potentially, charging rent is a huge factor. You want to make sure you are charging a fair price that is also profitable. There are many things to think about before you create a set number. A lot of aspects should be combined in order […]