Buying to rent in Quebec: calculate the real return before buying

The costliest mistake in rental real estate is buying on the gross income the seller advertises. That number is almost always optimistic.

The real return is what is left once everything is paid. Start from real income, not theoretical income. Remove taxes, insurance, upkeep, management, and above all vacancy, because an empty unit pays nothing. Add the repairs no one shows you during the visit. What remains is your net return. It is the only number that matters.

Many buyers run this math after the purchase, when it is too late. The right time is before the offer.

Our edge is that we manage rentals every day. We know the true expenses of a Quebec building, not the dressed up figures on a listing sheet. We look at the property with you, we calculate the real return, and we give you our honest opinion. Sometimes it is to tell you to buy. Sometimes it is to tell you to run.

We are not here to sell you a property. We are here to keep you from a mistake.