3 hot tips first-time investors can't afford to ignore:
1. Do your homework. As lucrative as landlording can be, it can devastate and consume if you sink funds in the wrong property.
2. Choose a prime location. Location to schools, tourist attractions, restaurants, shopping, and green spaces should be thought through. Enlist an agent's help to identify hot areas and neighborhoods.
3. Know the law. Sure, you’re about to rake in some cash, but you’ll also rake in some headaches if you don’t know your legal responsibilities as a landlord. Have a look at your landlord responsibilities by consulting the Manitoba Tenancy Branch and consult with an attorney to ensure you understand.
Wanna landlord? Let’s chat — I’d love to share what I’ve learned working with first-time investors over the years.
Cindy Grenier - 204-330-2567