Inspecting your Kelowna rental property is something you should do before a lease term, after a lease term, and at least once when a tenant is in place. You don’t want to inspect more frequently because your tenants will find this invasive, and they are entitled to the quiet enjoyment of the home as well as their privacy.
Preparation, education, and partnerships will help you navigate the process better than anything else. Start with understanding why you’re investing and what you hope to achieve.
Owning one Kelowna rental property is a great investment. Owning two is even better. If you’re really interested in building wealth through real estate investing, however, you need a long-term strategy for growth.
Vacancies are frustrating. They’re also expensive. When your Kelowna rental property sits unoccupied, you’re not earning any rental income. You’re also paying for extra maintenance, upkeep, utilities, and security.
