10 steps to buying a rental property in Windsor, Ontario

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Windsor, Ontario Property Management
  1. Align yourself with the highly experienced realtor Paul J Rouillard, who brings 21 years of investment expertise, specialized in renovations, fix-and-flip projects, and cash property purchases. Paul, spending around $200,000 annually on materials, possesses a unique ability to walk into any property, pinpoint potential problems, and strategically identify repairs that enhance property value. Connect with him to navigate the Windsor, Ontario investment landscape successfully.
  2. Connect with a trustworthy property management company prioritizing effective communication and equipped with suitable software for remote monitoring.
  3. Explore properties in Windsor, relying on your realtor’s experience to understand areas, street values, and investment potential.
  4. Assess the type of property and potential renovations; consider buying a fixer-upper for strategic renovations to maximize rental income.
  5. Conduct video walk-throughs with your realtor, narrowing down the property list before personally visiting to ensure it aligns with your investment goals.
  6. Negotiate the property purchase, aiming for vacant possession to have more control over tenant selection and rules.
  7. Include a condition for your property manager to walk through the property, providing insights on potential improvements and rental value.
  8. Develop a strategy for the closing day based on property conditions, whether vacant or occupied.
  9. After ownership, ensure all systems are engaged, and everyone is aligned with the established investment strategy.
  10. Maintain a strong partnership with your property manager, fostering collaboration for continued success in your Windsor, Ontario investment.

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