you might own other than your principal residence. It may take the form of a condominium in a tower, a townhouse, single-family home or vacation cottage on a lake. There are also opportunities in commercial real estate, such as condo-style offices, industrial property and retail space.
“As the property appreciates, the return on initial investment for your down payment can be much higher due to the leveraged amount,” said Sabine Ghali, managing director of Buttonwood Property Management in Toronto. Of course, as many landlords are finding this year, leverage works the other way, too; when property values come down, the loan principal owed remains just as daunting.Compared to other assets, real estate is illiquid.
What’s harder to control is the relationship with your tenants. An exacting process to screen prospective tenants, including aand interviewing employers and past landlords, can go a long way toward eliminating future problems, according to Ms. Ghali. Provincial legislation lays out a process for handling disputes between tenants and landlords, though rental tenancy laws and tribunals tend to err on the side of the former.
🥇🥈 inflation
What a disgusting, abhorrent thought at a time like this. You should be ashamed of yourselves.