Having a property that cash flows enough is a tricky proposition in the Calgary marketplace – specially now with the depressed economy rents are down and that is a fact. So what do you do? Get creative on how you can generate extra revenue streams in this article https://www.biggerpockets.com/renewsblog/earn-more-money-from-rentals/?utm_source=newsletter the writer on bigger pockets provides some interesting ideas to get the creative juices flowing. The parking idea I have seen for a lot of years when I was younger going to flames games near the saddle dome where parking was scarce during game nights.
There are a lot of creative things that you can do to offer add-on services to your tenants, many will pay more for perks such as dry cleaning, landscaping, housekeeping, think of new and innovative ways to help you tenants with things they need such as tax planning, or partner with a chef and offer a tenant cooking class – the sky is the limit.
To your success,
Tim Reid
