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Note: There are more income properties for sale in London Ontario than shown above. The MLS system at the present time does not have enough categories in its search model to show more.
Investing in real estate rental properties can be financially rewarding if and when it’s done correctly.
However, just as with all investments, there are some risks, and not everyone who invests in real estate has had good experiences. I’ve seen more than a few landlords quit because they were either losing money or just barely breaking even.
What went wrong for the investors who didn’t succeed? They made some common mistakes.
Maximizing ROI ( return on investment) isn’t just about buying a property and collecting rent. You might experience a number of events throughout the year that will increase or decrease your ROI.
For example, landlords can increase ROI by charging a one-time pet fee of $100 or charging a late rent fee of $10 per day.
Tenants can decrease ROI by not paying their rent, moving out prematurely, or damaging your property.
Being an investor in small real estate properties will not make you rich overnight, but over time you can build what I call slow wealth! You make money in real estate when you buy, not when you sell!
All our client’s do well with this philosophy, we guide and advise and as J.P. Getty said “Investors bank on climate, while speculators bet on the weather.”