Our rentals in Calgary have been a great overall experience. We keep it simple, very simple. Have a good product at a good price and it will get rented. Yes, we've had to lower the rents in this past year but it's still good. References are a must and tenants are required to get their own insurance. No management companies.
I would recommend it to anyone. One thing to be sure of is have to our very own reserve fund for the potential they go un rented.
Rent covers the mortgage, condo fees, taxes and improvements with a very small profit. It's no get rich quick scheme.
When we look at the appreciation of the condos in these last few years that's where we see the rewards...
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