Tricks of the Trade
As a full-time Canadian real estate investor, we will both have short-term and long-term holds which generate both massive and passive income. With a typical long term hold, a lot of investors get themselves into the dubious position of being a landlord.
To create a better landlord-tenant relationship, and thus a better situation, there are a few tricks that you can utilize to decrease defaults, maintain longer tenancy, and be able to put the have responsible people in your units.
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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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