Investing in Property Management in the Winter

 The winter season may not always seem like the ideal time to invest in property management, but investing can offer such unique advantages for real estate investors. Here are some reasons why winter could be the best time to invest in property management, along with strategies to make the most out of the cold season.

1. As weather gets colder, the real estate market slows down. Which means less competition from other buyers. Sellers may be more motivated to negotiate or accept lower offers, giving you a chance to acquire properties at a more favourable price.

2. Properties are usually priced more competitively for quick sale closes or shortened vacancies.

    

3. For rental properties, tenants are less likely to move during winter months meaning there is often less tenant turnover; which translates into consistent cash flow during the winter and especially the holidays season.

    

4. Peace of mind; We at PMB manage all property related concerns from maintenance, snow removal contracts, rent collections, tenant screening and placement, unit inspections (smoke/carbon monoxide detector system testing, replacement of furnace filter, visual check of plumbing and electrical), and so much more- you can sit back, relax and enjoy your cozy holiday season and leave it all to us!

Investing in property management during the winter months can mean less competition, lower prices, and opportunities to purchase properties that are well-suited for the winter weather. However, it is important to balance these benefits with the risks associated with winter weather and seasonal maintenance.

By being proactive about property inspections and strategically selecting properties that align with your investment goals- winter can be a very profitable season for property management investors.

Property Management Winter Checklist:

1. Heating Systems, Plumbing, Windows, and Doors:

Ensure furnace is working efficiently, we check/change filters during inspections.
Ensure water heater is also working efficiently to avoid frozen pipes and other related issues.
Ensure windows and doors properly closed/sealed to maintain heat and avoid moisture within your rental.

2. Outdoor Areas:

Tenants with a maintenance agreements are responsible for snow removal.
Reminder that tenants are responsible to SAFELY, clear and maintain walkways to their unit.

3. Reminder to report any maintenance issues immediately to prevent upcoming issues; Emergency 24/7 Maintenance:

No Heat/Flooding: call PMB 866-709-9416 ext. 1, Leave a Brief Message
No Hot Water: call Enercare 1-855-255-5437 or Reliance 1-888-837-1451
All Other Maintenance: www.pmbrokers.ca, click ‘Maintenance Issues’
All Other Inquires: email us at info@pmbrokers.ca

We want to take a moment to express our heartfelt gratitude for your trust in partnership. It has been a pleasure being your top choice Property Management Brokers and we truly value the relationships we have built with our clients.

As the holiday season approaches, PMB wishes you and your loved ones a safe, Merry Christmas, Happy Holidays & New Year filled with peace, joy, and prosperity.

We look forward to continuing our work together in the coming new year and are excited about the opportunities for growth that lie ahead for PMB.

Richard Brisson

A LAUGH OR TWO FOR GOOD MEASURE

HELPFUL LIFE HACK #1

HELPFUL LIFE HACK #2

WHY INVEST IN REAL ESTATE?

Tax Advantages of Real Estate Investment

One of the most compelling reasons to invest in real estate is the significant tax advantages it provides. These benefits not only help investors maximize their returns but also make real estate an efficient and strategic asset class. Here’s a deeper look at how real estate investors can save on taxes:

Depreciation Deductions

• What is Depreciation? Depreciation is a non-cash expense that allows property owners to deduct the perceived wear and tear or deterioration of a property over time from their taxable income. While the property might actually be appreciating in market value, the IRS permits a deduction as though the asset is losing value.

Mortgage Interest Deductions

• What is It? Investors can deduct the interest paid on a mortgage for a rental or investment property. Since interest often makes up a large portion of initial mortgage payments, this deduction can result in significant savings.

Capital Gains Tax Advantages

• What is a Capital Gain? A capital gain occurs when you sell a property for more than its purchase price. These gains are subject to taxes but often at a lower rate than regular income taxes.

ABOUT RICHARD BRISSON

RichardBrisson.ca is a real estate investment company. We have been actively involved in Barrie, Ontario and surrounding area with our real estate investing. Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!

Richard offers his investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact Richard.

For more information about Richard and his investment program, you may call (866)-709-9416 or email him at invest@richardbrisson.ca or visit https://richardbrisson.ca/.