London Ontario Real Estate. No Fluff. No Sales Pitch. Just the Truth.

 Written by Ty Lacroix — Real Estate Strategist & Broker, London Ontario 

RSS

14 Lessons About Buying and Operating Investment Properties in London and South West Ontario

I have spent a lot of time working alongside serious real estate investors. Not the flashy ones — not the jet-setters or the TV personalities. I am talking about the person who looks exactly like your next-door neighbour, yet quietly holds a portfolio of five or more properties.

They are patient. They take a long-term approach. They do not flip. They do not take excessive risks. And they are exceptional landlords, because they understand something most beginners do not.

As J.P. Getty said: "Investors bank on climate, while speculators bet on the weather."

Investing in income properties will not make you wealthy overnight. But over time, with discipline and the right approach, it builds wealth that compounds. You make money in real estate when you buy — not when you sell.

Below are 14 lessons learned the hard way by thousands of investors, along with a few tips on how to avoid the consequences of poor decisions and bad advice.

1. It Is Not as Easy as It Looks on TV

Television real estate programs are designed to entertain, not educate. They show you a tidy profit wrapped up in a 30-minute episode — everyone smiling, no stress, no surprises.

What they do not show you: the work involved in finding a property at or below market value, the industry relationships required to manage a significant renovation, the market knowledge needed to predict a final sale price accurately, and the months of effort that never make it to air.

Treat television investing the same way you treat television medicine. Interesting. Not a substitute for reality.

2. Walk Before You Run

Many people decide one day that it is time to build wealth through real estate and immediately start searching for the perfect rental property at an ambitious price point. Would you walk out your front door today and run a marathon without training? No.

Investing is the same. One significant mistake can turn a sound investment into a financial problem that takes years to recover from.

Remember this: opinions are mostly harmless. When it comes to money, opinions can cost you dearly. Know who you are taking advice from — and why.

3. For Real Wealth, Think Long Term

Many new investors arrive with a business model built around buying old houses and fixing them up. Flipping takes skill, foresight, market knowledge, and significant resources. It also produces short-term capital gains, which have tax consequences many beginners do not anticipate.

Long-term rental ownership is a fundamentally different model. More on that at the end of this post.

4. Put Together a Business Plan and Stick to It

The only moment you cannot possibly lose money is before you invest it. That is why a solid business plan is the single smartest first step you can take.

Decide what type of property you plan to buy. Calculate what it will cost to purchase, hold, and operate. Determine how much income it needs to produce for the numbers to work. Most experienced investors have a formula — develop one, or borrow one from someone who has already done it.

Write everything down. Plan for the worst. Once you have your formula, execute it without second-guessing yourself every time the market shifts.

5. When You See Something That Looks Good — Act

I have worked with investors who had excellent business plans and sound formulas but could not pull the trigger when the right property appeared. Fear is normal. Letting fear override a well-analyzed decision is expensive.

If you have examined every possible downside and the numbers still work — move. The investors who consistently build wealth are not the ones who wait for certainty. Certainty does not exist in real estate. Informed confidence does.

6. Know How Much Time You Are Prepared to Give

Cash flow, appreciation, tax benefits, equity paydown — most investors think about all of these before buying. Very few think seriously about the time required to manage what they own.

I have a client who holds 10 properties and spends fewer than 10 hours a month managing them. I also know investors who spend 10 or more hours a week chasing problems that should never have existed. The difference is preparation, systems, and the willingness to accept good advice and act on it.

7. Never Accept the Seller's Numbers at Face Value

Claims of exceptional returns run rampant in investment real estate. Do not get swept up in the excitement of a deal before you have verified everything independently — rents, payment history, property taxes, operating expenses, tenant deposits, outstanding work orders, and any planned capital expenses.

Every number the seller gives you is a starting point for your own investigation, not a conclusion.

8. Charge Fair Rents

Vacancy is your single largest expense. A property sitting empty for two months while you chase a rent that is $100 above market costs you far more than the $100 ever would have returned.

In London's current market, the median asking rent for a three-bedroom house sits at approximately $2,450/month. Know your market, price accordingly, treat your tenants with respect, and respond to maintenance issues promptly. It is far less costly to address small problems before they become large ones.

Most home run hitters also strike out more than anyone else.

9. Select Qualified Tenants From the Start

Take the time to check references — previous landlords, employers, financial references, and credit. If there are red flags, investigate fully before proceeding.

Most evictions stem from an inadequate screening process. By extension, so do most repairs, extended vacancies, and legal expenses. This is not an area where instinct or first impressions are sufficient. Do the work upfront. Know when to say no.

10. Do Not Spend Your Positive Cash Flow

Successful long-term investors end up owning their properties free and clear. The discipline that gets them there is reinvesting positive cash flow to accelerate the mortgage amortization. Every dollar applied to principal reduces your debt load, increases your equity, and builds your net worth faster than almost any other move available to you.

11. Do Not Delay Repairs Before a Vacancy

"I will paint if it does not rent in a couple of weeks" is a common line — and a costly one. The condition of your property determines the quality of tenant it attracts. A well-maintained property in a competitive rental market draws tenants who take care of it. A neglected one draws tenants who do not notice.

You may fill the vacancy either way. The question is whether you fill it with the right tenant.

12. Market Your Vacancy Properly

A sign on the lawn and a newspaper ad are not a marketing strategy. The best tenants find properties online. Your listing needs to be well-written, accurately priced, and placed where qualified renters are actually looking.

If you are getting no inquiries, the price is almost certainly too high. If you are getting plenty of lookers but no applications, the property itself is telling you something. Listen to it.

13. Use a Solid Lease Agreement

Most leases I see fall into one of two categories — so generic they protect nobody, or so intimidating they read like a law school final exam. Neither serves you well.

A well-constructed lease is clear, readable, and protects both parties without creating adversarial conditions before the tenancy even begins. If you do not have a proven document, get one.

14. Learn to Run the Numbers Before You Buy

This is where most investment decisions are won or lost — not at the negotiating table, but at the kitchen table before you ever make an offer. Here is what the numbers actually include:

Rental Income
Rental income is not as straightforward as it appears. Some properties are under-rented, some are over-rented. Always verify against comparable active leases in the immediate area. When Peter and Karen bought their first triplex, we reviewed comparable leases together and found the stated rents were optimistic. Instead of assuming $3,600/month in income, the realistic figure was closer to $3,200. That $400/month difference changes the entire investment analysis.

Mortgage Interest
Sort out your financing before you run any other numbers. Current rates, amortization period, and down payment amount all significantly affect your monthly carrying costs. Duplexes and single-family rentals generally qualify for standard residential financing. Triplexes and four-plexes often carry higher rates. Do not rely on a single lender's assessment — speak with multiple mortgage brokers and banks before settling on a structure.

Property Taxes
Do not use the current year's tax bill as your ongoing assumption. Taxes change. An owner-occupied property often carries tax breaks that disappear the moment it becomes a rental. If you purchase a property for significantly more than its current assessed value, expect the assessment — and therefore the taxes — to increase accordingly.

Vacancy Cost
Even in a strong rental market, always budget for a 5 to 8 percent vacancy rate. Ignoring vacancy cost is one of the most common errors new investors make — and one of the most expensive.

Tenant Turnover Cost
The expense most investors underestimate is tenant turnover — the costs of advertising, cleaning, repainting, and replacing flooring. Properties near university campuses tend to have high turnover by nature. Factor it in before you buy, not after.

Insurance
Investment property insurance is higher than owner-occupied residential insurance. Get a quote for the specific property — do not estimate based on what you pay on your own home. Include liability coverage.

Maintenance
No formula covers this perfectly. Consider the property type — brick exteriors require less ongoing maintenance than wood. Consider size — a larger property with more units means more appliances, more surfaces, and more exposure to repair costs. Consider the location relative to your home base. A property 45 minutes away costs you time and fuel every time something needs attention.

Flipping Houses or Building Wealth — What Is the Actual Difference?

Everything you see on renovation television is about buying, fixing, and reselling. You rarely hear about buying and holding.

When you strip away the noise, it comes down to one question: do you want a job, or do you want income?

A house flipper buys a property, renovates it, sells it, collects a cheque, and starts the entire process again. The profit is fixed at the sale price — and it can disappear entirely if the renovation hits unexpected problems. Once the deal closes, the income stops.

Work, take a risk, collect a cheque. Work, take a risk, collect a cheque. No work — no cheque.

Flipping is a job. You do not get paid unless you work.

The long-term rental investor works once to acquire and stabilize a property, then collects income month after month. Think of it the way you would think about a writer who publishes a book and collects royalties for years. The work happens once—the income compounds.

Work once, take a risk — keep collecting cheques.

When that investor wants more income, they acquire another property. Now they are collecting from two assets simultaneously, while the first continues to produce. The second does not replace the first — it adds to it.

One rental property generating $5,000 annually can produce $100,000 in cumulative income over 20 years. Your tenants are paying down your mortgage the entire time. The asset can eventually be passed to your children, who will continue to collect income from work you did decades ago.

You cannot compound a house flip. You are not getting paid from your first flip while you are working on your second.

Flipping investors are, functionally, employees — with irregular hours, unpredictable income, and a boss who demands evenings and weekends.

A Final Note

If any of this resonates and you want to have a direct conversation about what a real estate investment strategy might look like for your situation, I am available.

We can look at the actual numbers together. There is no obligation in that first conversation — only clarity.

Reach me at 519-435-1600 

Please discuss the ideas in this post with your professional advisors, including your accountant and your lawyer. Real estate investment is not guaranteed, and results depend entirely on individual circumstances, market conditions, and the quality of your decisions.

More on Investment Property Strategy →

Read

Should You Base Your Real Estate Decisions on Just Cash Flow?

Ty Lacroix, a London, Ontario real estate broker with 50 years of personal investment experience, argues that basing real estate investment decisions solely on monthly cash flow is a costly mistake. Experienced investors evaluate the full picture — equity paydown, tax deductions, appreciation, and leverage — across a minimum 10-year window. In London's 2026 market, where average single-family rents are approximately $2,500/month and home prices average $621,700, the math rewards patience and strategy over short-term cash-flow chasing.

So many beginning real estate investors will decide whether a property is good or bad based on a single question: "Will it produce positive monthly cash flow?"

That is a very limited way to look at an investment. Sometimes there is no simple answer when you are trying to build real wealth.

There are several things real estate investors — beginners and experienced alike — should be weighing before they make that call.

How much money are you putting down?

In Canada today, investment properties require a minimum 20% down payment. That is not a small number, and it is not something to gloss over. What you do with that capital — how you deploy it — matters enormously.

Before you fixate on monthly cash flow, ask yourself:

  • What are your actual financial goals?

  • Are you leveraging your capital for maximum long-term advantage?

  • Are you using every available tax deduction?

  • Are you accounting for the fact that your mortgage is being paid down every single month?

Let's look at this more closely.

Let's use a $500,000 property — a realistic entry point for a solid single-family rental in London, Ontario in 2026.

With a 25% down payment, here is what the numbers look like:

$500,000 — Purchase Price
$125,000 — Required for 25% Down Payment
$1,990/month — Mortgage carrying cost at 4.09% fixed, 30-year amortization
$450/month — Property Taxes
$110/month — Insurance
$2,550/month — Total Carrying Costs

Can you rent a $500,000 property in London, Ontario, for $2,500 or more per month?

According to current market data, the median asking rent for a three-bedroom house in London is $2,450/month, with well-located properties regularly achieving $2,500 and above. 

So, at $2,500/month in rent against $2,550/month in carrying costs, you are running at a negative $50/month. Cash flow negative. By the beginner's logic, this is a bad investment.

Except it is not.

Here is where beginners and experienced investors part ways completely.

Beginners look at one month. Experienced investors look at ten years.

That negative $50/month — $600 over the year — is not the story. The story is everything happening underneath it.

Every month, your tenant pays rent; a portion of that rent is applied toward the mortgage. On a $375,000 mortgage, you are building several hundred dollars in equity every single month simply through amortization. That equity belongs to you. It is not showing up in your monthly cash flow calculation, but it is absolutely showing up in your net worth.

What about tax deductions?

Canadian real estate investors routinely leave money on the table at tax time. Insurance premiums, property taxes, legal fees, maintenance, land transfer costs, mortgage interest — these are all deductible against your rental income. In many cases, a property you thought was breaking even is actually working in your favour once a qualified real estate accountant runs the numbers. The wealthy use professionals. You should, too.

For what it typically costs to have a real estate accountant handle your return, you will almost certainly recover double that in deductions you did not know to claim.

What about appreciation?

You cannot guarantee appreciation. Anyone who tells you otherwise is not someone you should be taking advice from.

But over long periods, appreciation is the most powerful accelerator of wealth in real estate. The average single-family home price in London, Ontario, as of April 2026, sits at $621,700. London has consistently rewarded patient, long-term holders.

Here is what a conservative 5% annual appreciation does to a $500,000 property:

After year one: $525,000
After year two: $551,250
After year three: $578,813
After year four: $607,753
After year five: $638,141

That is $138,141 in appreciation — a 110% return on your $125,000 down payment, before you factor in equity paydown or a single dollar of tax savings.

Now let's talk about leverage.

Instead of putting $125,000 into one property at 25% down, what if you used 20% down and bought two properties?

$100,000 down on each. Two assets are appreciating. Two mortgages being paid down by tenants. Two properties are building equity simultaneously.

The modest negative cash flow you might experience on one becomes context, not crisis, when you see what the full ten-year picture produces.

This is how experienced investors think. This is not speculation — it is strategy.

A word of caution.

I am not telling you to jump on any property simply because negative cash flow is tolerable.

That would be wrong.

You still need to do your homework, run the real numbers, and choose a fundamentally sound asset in a location with durable rental demand. I have written separately about the specific scenarios where I would — and would not — move on a negative cash-flow property.

The purpose here is to expand your thinking. To get you asking better questions than "Does it cash flow this month?"

One last thought.

I have had the privilege of working with investors in London, Ontario, who came to me asking the right questions. Three of them went on to build portfolios of 4, 6, and 10 properties respectively — and more than doubled their equity in the process.

None of them made their decisions based on monthly cash flow alone.

If you are a serious investor — or someone who wants to think like one — I am available for a direct conversation. We can look at the real numbers together, and only when we are both comfortable does any course of action make sense.

You are under no obligation when we first speak.

Reach me at 519-435-1600 or here

Please discuss the ideas in this post with your professional advisors, including your accountant and your lawyer. Real estate investment is not guaranteed, and results depend on individual circumstances, market conditions, and investment decisions.

More on Income Property Strategy →

Also find me at tylacroix.com and Totally Preachless

Read

12 Costly Real Estate Investor Mistakes in London, Ontario

Ty Lacroix, a London, Ontario real estate broker with 50 years of personal investment experience, outlines 12 mistakes that cost real estate investors money, time, and equity — mistakes made by both novices and experienced investors alike.

According to the Real Estate Investment Network, inadequate due diligence and unexpected maintenance are the leading drains on working capital, with tenant turnover costing investors an average of $1,500 to $3,000 per vacancy. Every mistake on this list is preventable. Most are the result of moving too fast, trusting the wrong numbers, or underestimating what owning an income property actually requires.

Real estate investing is a business, not a passive hobby. It creates wealth for those who approach it with discipline and preparation — and expensive problems for those who do not.

I have been investing in real estate personally for over 50 years and have brokered these transactions in London, Ontario, for 24 of those years. The mistakes below are not theoretical. I have watched every one of them play out in real transactions, with real consequences for real people. Some were recoverable. Some were not.

The good news is that every mistake on this list is preventable — if you know what to look for before you buy.

1. Failure to Determine the Big Picture

Before you buy a single property, you need to answer a fundamental question: why are you investing, and what will it actually demand of you in terms of time, energy, and management?

Investors who skip this step buy properties that do not fit their lives, schedules, or financial situations. A duplex 45 minutes from your home that requires hands-on management is not a passive income stream — it is a second job you did not fully apply for. Clarity on the big picture before you commit saves you from making a decision that looks sound on paper and feels wrong every day after closing.

2. Not Verifying the Seller's Numbers

Claims of exceptional returns are everywhere in investment real estate. Sellers and their realtors present the best possible version of a property's financial performance — and sometimes, that version is not accurate.

Check everything independently: current rents against comparable active leases, payment history, property taxes, operating expenses, tenant deposits, and any planned capital expenses. The most common discrepancies I encounter are overstated rental income, understated vacancy rates, and missing maintenance costs. Each one individually shifts the investment analysis. Together, they can turn a property that looks profitable into one that loses money from the day you take possession.

3. Forgetting You Are Buying a Business

An income property is not a financial instrument you set and forget. It is a business with tenants, maintenance obligations, regulatory requirements, and the occasional crisis that does not wait for a convenient time.

Investors who treat it as a passive asset are consistently caught off guard by eviction timelines, unexpected capital expenses, and the time required to manage tenant relationships. Ontario's Landlord and Tenant Board process alone can take months to resolve a non-payment situation. If you have not budgeted for that reality — financially and emotionally — the business will remind you that it did not agree to be ignored.

4. Misunderstanding Negative Cash Flow

A property that runs at a modest negative cash flow is not automatically a bad investment — but negative cash flow you did not plan for, and cannot sustain, is one of the fastest ways to force a premature sale at the wrong time.

The distinction matters. Experienced investors evaluate the full return: debt reduction, appreciation, and tax considerations alongside monthly cash flow. What they do not do is absorb negative cash flow they cannot afford, hoping the market bails them out. Know your number before you buy. How much monthly shortfall can you carry without it affecting your financial stability or forcing a decision you are not ready to make?

5. Failure to Do a Thorough Inspection

A surface-level inspection on an income property is not an inspection — it is a brief visual tour of the problems you are about to inherit.

Tenant-occupied properties present specific inspection challenges: restricted access, furniture blocking walls and floors, and tenants who may not volunteer information about recurring issues. Ask tenants directly about pest problems, structural concerns, and anything that has been repeatedly repaired. Hire an inspector who has experience with income properties specifically, not just residential homes. The cost of a thorough inspection is trivial compared to the cost of discovering a foundation problem, a knob-and-tube wiring issue, or an unpermitted renovation after you own the building.

6. Failing to Have Adequate Insurance

Standard homeowner's insurance does not cover an income property. The liability exposure is fundamentally different — tenants, their guests, parking areas, common spaces, and the property itself all represent risk that requires specific coverage.

Investors who carry inadequate insurance discover the gap at the worst possible moment — during a claim. A tenant injury, a fire in a multi-unit building, or a liability dispute can produce financial consequences that dwarf the annual premium difference between adequate and inadequate coverage. Get a quote specific to the property type before you close, not after.

7. Failing to Inspect, Approve, and Confirm All Documents

The document list for an income property transaction is significantly longer and more complex than a standard residential purchase. Building permits, zoning compliance, rental and lease agreements, health licenses, laundry leases, underlying loan documents, condominium by-laws, title policies, inspection reports, and insurance certificates — each one has the potential to surface a problem that materially affects the value or viability of the investment.

Investors who do not review every document thoroughly — or who rely on the seller's representations without independent verification — regularly discover after closing that something was missing, misstated, or non-compliant. At that point, the problem is yours. Do not attempt to manage this alone. A real estate lawyer and an experienced investment real estate broker are not optional expenses — they are the people who catch the things you do not know to look for.

8. Failing to Get a Bill of Sale for All Personal Property

Investment property sales frequently include personal property — appliances, laundry equipment, furniture in furnished units, fixtures, and mechanical equipment. If it is not specifically itemized in the agreement of purchase and sale, its inclusion is not guaranteed.

I have seen transactions in which appliances disappeared between the accepted offer and closing, in which laundry equipment the buyer assumed was included turned out to be leased, and in which fixtures the buyer counted on were removed by the seller. Be specific. List everything. Confirm ownership before you assume it transfers.

9. Charging Above-Market Rents

Vacancy is your single largest expense — not in theory, but in practice. A property sitting empty for two months while you hold out for a rent that is $100 above market costs you $4,800 in lost income annually, plus the carrying costs of the vacancy period itself.

Charge fair market rent, treat your tenants with respect, and respond promptly to maintenance requests. Long-term tenants in well-maintained properties are the foundation of a profitable portfolio. Investors who chase top-of-market rents at every turnover consistently experience higher vacancy rates, faster tenant turnover, and greater wear on the property than those who price accurately and manage professionally.

10. Failing to Select Qualified Tenants From the Start

Most evictions trace directly back to an inadequate screening process. A tenant who looked fine at the viewing, whose references were not checked, whose credit was not pulled, and whose previous landlord was not contacted — that tenant is a risk you chose to accept.

Take the time. Check previous landlord references, employment verification, credit history, and any prior judgments. If there are red flags in the screening process, investigate them fully before proceeding. The cost of a thorough tenant screening is measured in hours. The cost of a problematic tenancy is measured in months — and sometimes in significant legal fees, property damage, and lost income.

11. Failing to Obtain Tenancy Confirmation Letters

When you purchase a tenant-occupied property, you are inheriting existing tenancy agreements — and the obligations that come with them. What the seller tells you about those tenancies and what the tenants understand to be true are not always the same thing.

Obtain written confirmation from every existing tenant before closing: the agreed monthly rent, the lease start date, the security deposit held, and any side agreements or verbal arrangements with the current owner. Discrepancies between the seller's representation and the tenant's understanding do not resolve themselves after closing — they become your problem to manage under the Residential Tenancies Act. Find out before you own the building, not after.

12. Spending Positive Cash Flow

The investors who build significant wealth through real estate over time share one habit: they reinvest positive cash flow to accelerate mortgage amortization rather than spend it.

Every dollar applied to principal reduces your debt load, increases your equity, and shortens the path to owning your properties free and clear. A portfolio of unencumbered income properties generating rent with no mortgage payments is the end goal for most serious long-term investors. Spending the cash flow along the way delays that outcome by years — sometimes decades. The discipline to reinvest when you do not have to is what separates the investors who get there from those who perpetually hold leveraged assets.

A Final Thought

Investment property in London, Ontario, can be one of the most reliable wealth-building vehicles available to a private investor. It can also be an expensive, time-consuming lesson in what happens when preparation is skipped and due diligence is rushed.

Every mistake on this list is preventable. None of them requires extraordinary knowledge or resources to avoid. They require time, discipline, the right professional team, and the willingness to ask hard questions before you commit — not after.

If you are considering buying an income property in London, Ontario and want a direct conversation about what the process actually looks like — including the questions most investors do not think to ask — I am available.

519-435-1600 

Please discuss any investment decisions with your professional advisors, including your accountant and your lawyer. Real estate investment is not guaranteed, and results depend on individual circumstances, market conditions, and the quality of your decisions.

More on Investment Property Strategy in London, Ontario

Also find me at tylacroix.com and Totally Preachless

Read

 What Killed the Transaction Before We Ever Wrote an Offer?

London, Ontario, real estate broker Ty Lacroix outlines the most common mistakes made by income property sellers and their realtors — including failure to return buyer calls, tenant access issues during showings, inflated or inaccurate rental income figures, incorrect condo fee disclosures, and non-compliant property configurations.

These errors routinely kill offers before they are even written. Lacroix argues that investment property sales require a different skill set from standard residential listings, and that an accurate, organized financial presentation is the baseline expectation for any serious buyer.

 There are income property seller mistakes that some owners may not even realize are occurring! Or, if so, they may stick their heads in the sand and plead, “There’s nothing I can do!”

I have been fortunate to help buyers who wanted to purchase a condo or a 4-6-bedroom house near Western for investment, for their son or daughter, or for friends to move in. That way, it helps build equity or cover some of the costs of education.

Two wanted a medium— to high—end condo near Western for one of their children, and they could have a friend move in.

I have seen these mistakes before, but these buyers had not, and the most common comment I heard was :

“Do they want to sell this building (condo)?”

The most significant reasons we did not submit, or even consider submitting, an offer.

  • The listing Realtor never called us back! Wow, as an owner, you and your Realtor have a $677,000 property, and they still don’t call you back after three attempts? (By the way, that building is still listed for sale!)

  • My clients and I arrive but can’t get into the rooms. The tenants say they were not notified or given enough notice. Whether the tenant is correct or not, it would behoove you, as a landlord or a Realtor, to ensure that ALL tenants are notified and reminded before a showing. Either by email, text, in person, smoke signals, notice on the door, telegram, fax, Morse code, or even Pokémon!

  • In some 4-6-bedroom houses, we can only see one or two bedrooms because our keys don’t work!

  • The stated rental income or the comment “If fully rented, the potential rent is” is unrealistic. In my experience, tell it like it is. Someone willing to buy your property is not dumb or lazy, and they want real numbers, no B.S.

  • In one condo we saw, the fees were off by $113.00. There was one parking spot, not two, as indicated!

  • Some will not cooperate with a Fire Marshal’s report or ESA Certificate. Some are not legal duplexes or triplexes. A Realtor or owner tries to tell me, “Don’t worry. It’s been like that for years; nobody will ever find out.” Yeah, right!

  • Most Realtors had little experience with investment properties. Residential listings, investment listings, and even condo listings are pretty different. They can be more complex, and they require a different skill set to handle.

Diligence Should Not Be Difficult!

The above are just a few challenges. I haven’t even reached the offer stage yet!

Also, incorrect information was provided regarding property size, room sizes, taxes, outstanding work orders from the city, city code violations, and three mortgages and liens on the building!

My clients and I cannot change the condition or situation we are dealing with, so it is unlikely any emotion will be helpful. I can’t change the obstacles; that part of the equation has already been set. However, how I approach them to find a solution is something that my clients and I can control!

So, ultimately, my clients found what they were looking for at a price point they were happy with.

If it sounds like I am ranting against the disorganized, lazy, and unwashed people who represent property sellers, I am. I also praise and thank the professional who is organized, diligent, has accurate information, and is willing to make the effort to ensure a transaction is completed. 

Preventing and fixing mistakes by income property sellers should not be a hassle!

More Income Property Tips & Prudent Things To Think About

Also find me at tylacroix.com and Totally Preachless

Read
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.