CTV News Mortgage Minute - May 28
Ottawa Mortgage Broker Frank Napolitano stops by CTV to talk about investment properties, why now is the right time to buy and how you can make it work, even if you don't want to be a landlord.
Click here to watch the full video from CTV Ottawa.
With Ottawa's housing market in full swing, listings are at an all-time high, and several of these would make the perfect rental property for the right investor. Many are looking to take out the equity in their homes and put it towards the purchase of a second home that could turn out to be an easy and lucrative investment. On this week's Mortgage Minute, Frank takes some time to talk about how each investor can make a rental property work for their individual needs.
Choosing the right property is key. Access to nearby schools and transit will be something renters are actively searching for. It is also incredibly important to choose the right tenant, which is the area many tend to struggle with. For those investors who do not wish to deal with the hassle of finding and managing tenants, it may be beneficial to enlist the services of a property management company.
For more information on investment properties, talk to an Ottawa Mortgage Broker.