How to Choose Great Tenants - Advice From Rev N You
A portion of the Vancouver Real Estate market includes inesting & renting the property to generate revenue. Granted it is difficult to do in based on our current market value versus current rents, it can happen with the right research and actions.
I have recently blogged about buying properties that are already tenanted and what your options and obligations are.
But what about buying a property with intention of finding a tenant to rent the property, whether it be a condo, house, basement suite.
Julie Broad & Dave Peniuk have a company that helps others learn about and make great decisions about real estate investing.
They have recently recorded a podcast on some of their experiences and awesome advice about choosing the right tenants or even choosing to go without a tenant for a month or two instead of settling for a less than desirable tenant.
Real estate investing, while having immense long term upsides, can most certainly have short term challenges. It must be done right for you to get the maximum return with least amount of financial and emotional outlay.
Have listen to this fantastic advice on choosing tenants.
