Income Property in Calgary: What You Need to Know (pt. 3)
(Estimated reading time: ~6 minutes)
In our last blog post, we discussed 4 key considerations for income property investments in the Calgary real estate market. This blog post expands on one of those 4 key considerations – the ongoing costs that you need to consider before deciding to take the plunge and purchase a rental income property.
With Reward Comes Responsibility
While property ownership has many advantages, it also has its fair share of responsibilities. Not only are you responsible for the obvious things like property taxes and maintenance/repairs, you’re also obliged to ensure that this income property is clean, safe, and ready for human residents!
You're also required…