If you have a property that isn’t cashflow positive you have two options:
Option 1: Put down more cash flow deposit ☹️
Option 2: Densify by increasing your rental unit 😀
Densification involves the development of your existing property by increasing the number of residents in existing buildings. It also occurs in response to urbanization and the need to accommodate a growing population within a limited space, which we’re seeing right now in Ontario.
It's important to note that densification needs to be carefully planned and managed to ensure its success and avoid negative consequences. Factors such as infrastructure capacity, public services, green spaces, and quality of life considerations must be taken into account to create sustainable and livable urban environments.
JG Francoeur, CEO
Proud to lead the team of Visture Property Management Peterborough. JG is a dynamic speaker with near 20 years of business and real estate experience. He's an expert in building and managing real estate investment portfolios and the International Bestselling Author of Messy Manager.
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