Next is tenant selection. In most cases, this step is more important than the actual property. The C.R.E.S.I. Property Management team performs diligent and in-depth research by interviewing prospective tenants and their references. Through Equifax, tax and debt history are accessible.

The final step is to determine how the property will be managed. If the property is cared for well, it will appreciate. For people who do not want the headache of being a landlord, there is The Landlord Protection Program. This program is for properties in Ontario, with landlords who want little or no involvement in the day-to-day duties and responsibilities.

In the end, the tenant pays down the mortgage, so every month they’re paying off part of the loan. All while earning a monthly cash flow to save for the future.