The CanadianRealEstateMagazine has put together a list of do’s and don’ts of buying a rental property. The list includes the following questions and answers.
- The Benefits of Investing in Rental Properties
- How to Choose the right property
- Understanding the financial implications
- The do’s of buying a rental property
- Conduction market research
- Getting a professional property inspection
- Securing the right financing
- Understanding landlord-tenant laws in Canada
- The don’ts of buying a rental property
- Avoiding over-leveraging
- Not neglecting property management
- Ignoring the importance of a good tenant screening process
- Legal considerations when buying a rental property
