Some book the same longterm stay hotels because they get a good rate but because of the internet people can easily book a certain property that suits them best and are often given the option to choose where they want to stay.
rental property
- Thread starter Pda
- Start date
When insurance companies and corporate pays 3 - 4 times more rental to the property mangement company it doesn't mean that the property owner actually get that much more. A lot of those will go into management fees, insurance...etc.
I think the property management companies/managers have some criteria to select properties and may have owners that have been working with them. I think it's partly the qualtiy/location of your property and partly networking/relationship.
Agree but also think individuals staying have much more input than they used to. Think that OP's expectations of huge returns is only applicable to a small amount of rentals. I know someone with a 1 bedroom 750 sq ft condo in downtown Toronto in a great location that they purchased 15 years ago (mortgage would be much smaller than today) and they essentially break even as a corporate rental.
Renting out property can be a real adventure, huh? I've been in the game for a while now, and let me tell you, it's a rollercoaster of highs and lows. From finding the right tenants to dealing with maintenance issues, there's never a dull moment. As for moving, I've used discountmoving.ca before and they were pretty solid. Prices were decent and they got the job done without any major hiccups. Of course, everyone's experience can vary, but they might be worth checking out if you require a moving company. Overall, it's all about finding your groove and learning as you go. Share your stories and tips here – we're all in this rental property journey together!
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