Three Most Common Landlord Mistakes
As a Canadian real estate investor and landlord, one must pay attention to the amount of time that you spend managing your properties. You have to be cognizant of the fact that you want to be spending your time creating more deals, rather than spending your time dealing with tenants. You need to spend time on your business not in your business.
That said, we must do our best to create an excellent business relationship with your tenants.
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How To Double Your Rent
As a Canadian real estate investor and landlord, are you are getting fair market value rent for your units? You generally are subject to a certain amount of rental increase in most provinces, which is set out by provincial governing bodies.
You are effectively handcuffed to the amount of rent that you can collect. You can only increase your rent to a new amount once a tenant has moved out and another one has moved in.
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