Quebec Rent Raise in Multiplex

[Sunil Garg]

Hi Guys

Seems like the Quebec posts have dried up.  With COVID-19 overwhelming us I guess there is not much in terms of meet ups going.  I would be happy to host a virtual meet up for Greater Montreal Area folks - English and French welcome.

My brother and I have each done Single Family homes for the last few years but just acquired our first multiplex together this week.  We are not interested in kicking people out but obviously want to upgrade the property and raise the rent.  The RDL is tough and limits what you can do!  Anyone with ideas or experience?

Thanks

SG

[Axel Louis Bastin]

@Sunil Garg you need to get only one out so you can start renovating one unit and then when ready offer it to some of the existing renters. If they take it you have the next one to renovate and so on...

For the first one I don’t know how efficient it could be if you take it for you personally for the first year or so and then rent it out. I’ve heard it’s a way to get people out but It’s always complicated :/