2
Real Estate
Advice with
Joe Mancuso
trends watch
Don’t Buy an
Income Property
HAND-KNITTED
ORNAMENTS
crafted by
artisans in Peru,
hang beautifully
on a tree.
Antler, Elte,
www.elte.com
BRING THE GREAT
OUTDOORS
into your home with
this stylish gold
antler.
Ornament, Crate
and Barrel,
www.
crateandbarrel.ca
LED “Joy” Tree Ornament,
Vintage Games and Toys,
HomeSense, www.homesense.ca
GO DOWN MEMORY LANE
and relive your childhood
with these vintage finds.
Text Jo Alcorn
before reading this!
Stocking,
Switch
Studio, www.
switchstudio.ca
DON’T PUT TOO MUCH STOCK
on traditional patterns for holiday
décor. Pair a fur-cuff stocking with
a stylish contemporary fabric.
Glass Moose
Mug, Retro
Festive, www.
retrofestive.ca
STOP “MOOSING”
AROUND
and get these
glass mugs
to use during
your holiday
festivities.
Blanket, Crate and Barrel,
www.crateandbarrel.ca
22
There are a lot of horror stories about
bad tenants. However, it doesn’t have
to be that way. Investment properties
are typically a long-term investment so
you have to expect some bumps along
the way. You will also have to familiarize
yourself with the local landlord and tenant
legislation.
Location is extremely important in terms
of attracting good tenants as well as
future value of the investment. In terms of
managing a property, close proximity to
your dwelling will help.
How strong is the rental market in your
area? Local vacancy rates can be obtained
from several sources including landlord
associations or banks.
Again, your mortgage professional can
help you determine whether you can
afford this investment and what to look for
in terms of income versus down payment.
FUR BABIES NEED
A WARM AND COSY
place to sleep after the
festivities!
CUDDLE UP
in front of the fire
wrapped up in this trendy
blanket that is sure to
keep you warm and look
fabulous on your sofa!
Traditionally this was one of the best
ways to try and get ahead. As people
saved money and paid down their home
mortgage they had a little breathing room
in their financial profile and would buy
an investment property to provide an
eventual nest egg down the road that
would help with retirement income.
Any investment is a big step and of
course, there can be challenges. However,
investment properties also represent a
great opportunity!
TIP!
Jo Alcorn Dog Bed,
Shop.Ca, www.
shop.ca
Be sure to budget for
unexpected expenses
and loss of revenue that may arise from
vacancy of the income property as well
as maintenance and repairs that might be
required over time.