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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Keeping Tenants Long-term
As a full-time Canadian real estate investor, we need to create many deals to facilitate both massive and passive income. We need to be doing deals that give us quick money, thus creating a massive income but also be building a portfolio to achieve passive income with a built in profit in the future.
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Creating Long Term Tenants
As a full-time Canadian real estate investor, we need to continuously create deals to facilitate both massive and passive income. We need to have deals that turn over quickly, building our massive income component. We build a portfolio of properties which gives a regular passive income. We also need to have deals where both elements are key factors in the process.
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