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Updated almost 8 years ago on . Most recent reply
Greetings from Montreal , Canada.
Hello everyone , Dean Bell here. I am 25 years old gentleman ( I'd like to think so ) from Montreal. Long story short , I was recently in Bangkok where I was renting an apartment through Airbnb and I started to ask myself questions about my host.how is she making profit through Airbnb? How does she live ? What's her trick ? Eager to know , I went on Amazon and bought a book from Brandon Turner that reads " the book on rental property investing". Which I fell in love with. That's where I got the information about this great community. I am a true newbie , meaning no experience whatsoever in real estate, but like we always say " it is never too late to learn" life itself is about learning as long as you willing to do so.
Thank you fro the opportunity and I am looking forward to the beautiful teachings of the community.
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Hi Dean,
welcome to BP. I lived in Montreal for 6 months a few years ago. I love all the great food.
You should check with your local short term rental (STR) laws and always make sure your deals work even if those laws change and force you to do mid to long term rentals but since there are so many universities and bachelor/bachelorette parties and general tourist travel in the summer. I would see if you can get students 9 months of the year and do STRs during the summer. You may be able to get a premium on student rentals by not requiring 12 month leases like your competition. And you rake it in on your STR during the best weather months. Read up on student rentals it is not for everyone but if you pick good tenants and get parents to co-sign it can be lucrative.