I grew up plus continue to live in the Calgary area! I had the idea to invest in rental properties.
There is considerable growth of population plus industry in Calgary.
It seemed like a smart move! When I did the math, I knew the rents could cover the mortgages plus I could build equity… Plus, once the properties were paid off, I’d start pulling in an income. I thought I was making a smart retirement plan! However, the rental supplier turned out to be absolutely time-consuming, stressful plus expensive. I’ve learned that tenants complain a lot. They make constant demands for updates, however because they aren’t careful with essential systems, such as plumbing, electrical plus HVAC, there are frequent malfunctions plus expensive repairs. I enrolled in repair plans only to have my tenants refuse to let the servicemans inside to perform the services. Typically, when a tenant vacates the apartment, it’s in such bad shape that I need to totally remodel. The one tenant left a rental property so harmd plus filthy that I didn’t want to deal with it. I asked a local contractor for an estimate, plus he came back with an astronomical price. I couldn’t rent or sell the property in its condition, then at that point, I simply wanted to get rid of it. I decided my best opportunity was to sell to a currency property buyer. The next step was finding a reputable currency property customer who would be honest, fair plus professional. I chose Leger Home Buyers because they are local, family-owned plus have built a solid history of successful outcomes. Working with them was a positive experience, but every step of the process was handled abruptly plus smoothly.