All Forum Posts by: Casey Kernan

Looking to find tenant for LTR in Toronto.  The unit is furnished and located near Bathurst and Lauwrence.   Any help with tenant screening would be appreciated.  Husband and myself are living in the states.  I have read about using zillow but also wouldn't mind finding a realtor or someone else that would do the work and just take 1st months rent which i think is standard? Has anyone used Singlekey to lock down a tenant?

Thanks

@Dave Foster that is helpful information, thank you

My mom purchased a SFH for investment purposes and my husband and I have been renting from her. She bought the property doing a 1031 exchange using the trust that I am a beneficiary of. My husband and I are not looking to buy our own property yet. can my mother sell the property we are currently in and buy a slightly more expensive property that we then would rent, again by a 1031 exchange. My husband and i have been in the current home >2 years.

Appreciate the support and advice @Joshua Messinger and @Bob Malecki

Bremerton certainly does seem like a good market. Manette, particularly seems to be the next little West Seattle.  I am in the medical field and could rent to training residents and nurses as well.

The market is saturated in Port Angeles with STR and I think locals are having difficulty finding housing. I would hate to make that problem worse.

I like the idea of having my first rental locally so that I can learn the struggle and time it takes to self manage. If it became too much or i moved I could also meet with local property managers and find a reliable one.

I would like to make that first move and purchase a property.  I'm working towards preapproval and have been following the market here in the Puget Sound for a few years now and prices have certainly climbed.  I am hoping to make that first move into real estate and with this climate (raising rates, prices, competition, etc) I have some hesitancy.

Currently living in Bremerton/Silverdale (Kitsap Peninsula) with multiple navy bases, hospital, college and short ferry to downtown Seattle. I'm starting to see some price reductions finally. I have also been looking at areas outside Olympic National Park up in Port Angeles, both places you can still find some decent sub 400k homes 3b homes. I have considered both STR/Airbnb (airdna reports >$3k revenue monthly in Port Angeles -? how accurate this is) vs a long term tenant situation in a SFR or duplex. Using some cash flow calculators, the homes in Bremerton don't cash flow as well as STR but do have more potential for appreciation....with these crazy prices in Puget Sound I do think about out of state investment too...hmmmm

What type of property was your first purchase and would you have done it different?