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Showing posts from June, 2024

How Much Can You Rent Your Home For?

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If you're having trouble selling your home in today's market, renting it out may be worth considering. I've had conversations with homeowners who are sitting on a property that isn't getting the offers they expected. Sometimes the problem is the price. Sometimes it's the market. And sometimes, the best move is simply to stop trying to force a sale and look at the numbers from a different angle. Could renting your home out for a year or two make more sense than selling it today? Maybe. But the first question I usually get is: "How much can I rent my house for?" The answer isn't always as simple as looking at what your neighbour is asking. Getting the right rental price is important. Price it too high and your property could sit vacant. Price it too low and you're leaving money on the table. Here's how I would approach it. Start With the Market, Not Your Mortgage One of the biggest mistakes I see homeowners make is basing their rental price on wh...

5 Compelling Reasons Why You Should Use a Property Management Company

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Are you a property owner struggling to balance managing your investments with your personal life? Or are you a real estate investor aiming to expand your portfolio without getting bogged down by day-to-day operations? Regardless of your situation, working with a property management company could be the solution you need. Here are five reasons why teaming up with a property management firm is a smart move: Time is Money: Managing rental properties is like juggling flaming torches while riding a unicycle - time-consuming and potentially hazardous! By outsourcing these tasks, you free up your time and energy for more profitable endeavors or personal enjoyment. It's a win-win: you gain peace of mind while your investments continue to generate income. Expertise and Experience: Property management requires a deep understanding of local markets, laws, and maintenance practices. Professional managers bring years of experience and industry knowledge to ensure your properties are well-mana...

SiZe - Does it matter?

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Ah, the age-old question. Does size matter? Any house can feel like home if you put the right time, care, and people into it. Homes come in all shapes and sizes, allowing us to have some options when looking into a house to make our home. Is it better to have a larger home or a smaller home? When looking into buying a new home, many people think they should aim to get the largest house they can afford (sometimes not afford). But square feet per dollar is not always the best measurement of a house’s worth. Let me show you some of the perks of owning a smaller home and of course some of the cons.  Pro:  Lower bills. Just think of all the space you won’t be heating in the winter and cooling in the summer! In a smaller home, you’ll notice lower utility bills all around. Another expense that will likely decrease is the amount you spend on furniture for your home. you will have to buy less of it. You’re less likely to hoard a bunch of stuff you don’t need. If you’re limited on ...