#026 RSIRE Johnathan Pollock Shares The Ups & Downs Of Being A Landlord
Johnathan Pollock has been a landlord for the last 6 years, and chats with Denise about the challenges and benefits of being a landlord.
While real estate is an amazing tool to grow your wealth, it is NOT a passive investment, requiring you to stay on top of your money and know what’s going on with your tenants.
They renovated the property they were living in, then moved into the basement and rented out the top floors, as there was higher rental income to be made, but rushed into the process of getting tenants. The tenants moved in, and on the first day there was a surprise waiting in the mailbox…listen to find out what it was! Denise agrees that she too is somewhat impatient when finding tenants. As well they share some great tips about checking out tenants and being a bit of a detective.
While mistakes might be made, and repairs happen over the life of the property, you have time to learn from those mistakes, and the repairs, tenants damaging and leaving are just the cost of business.
Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.
To get in touch with Denise:
Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca
Phone: 289-645-1568 ext 1
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