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The cottage rental market is very lucrative and will remain so in most market cycles. Many investors are looking for properties to rent out short term for greater cashflow and to avoid the landlord and tenant rules around long term rentals. These properties are great for the BRRRR strategy, Buy and Hold or flipping dependent on market cycles.
Guest Interviewer: Michelle Spencer, Real Estate Investor
The cottage rental market is very lucrative and will remain so in most market cycles. Many investors are looking for properties to rent out short term for greater cashflow and to avoid the landlord and tenant rules around long term rentals. These properties are great for the BRRRR strategy, Buy and Hold or flipping dependent on market cycles.
Sarah’s favourite property is her cottage in Lakefield that she BRRRR’d. That property is a 4 season waterfront property that rents for about $550 a night high season. Sarah also spends and enjoys it for herself and her family in between the renters. She has been able to enjoy her lakefront cottage while allowing renters to cover all costs.
On this special episode, Sarah gets interviewed by Michelle Spencer, Real Estate Investor who after this recording went out and bought a beautiful cottage of her own.
Sarah will be sharing her story on how she got into the cottage rental market in the Kawarthas. She will also be providing insights and advice for others on what to look for when buying a cottage and how Airbnb works.
In this episode you will learn about:
– How to find realtors for recreational and cottage rentals
– Cottage financing and tax insights
– Pros & Cons of using Airbnb vs any other short term rental website
– Tips on making your property more desirable
– How to become a Superhost on Airbnb
About the interviewer: Michelle Spencer bought her first investment property in 2012 and fast forward to today owns 8 properties plus her newly acquired cottage.
This episode has been brought to you in part by:
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/
Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/
