NEWS FROM LIEZEL LAYACAN
July is a memorable month for me. My husband and I just celebrated our 27th wedding anniversary! With all of our busy schedules, work, family, and working with our portfolio growth, we hardly get the time for ourselves. But good news was, we managed to get away for the anniversary weekend! We got a last minute booking at Marriot Hotel in Kingston, Ontario which is like 3 hours drive away from our place. When we got to the hotel room, we got an amazing view which faces the Ontario Lake. The room is situated on the top floor so we get to see the front and side view of the beautiful lake from our bed. It was fantastic! The room was so cozy with a fireplace as well.
After checking in, we went and grabbed dinner on a restaurant which was set up on a patio setting. The restaurant is an Italian and beautiful with a lively set of patrons and friendly staff. I ordered oysters and calamari for appetizers and seafood linguini pasta for main course. It was delicious with a matching glass of Chardonnay. My husband and I tossed our wine glasses for our years of being there for each other through thick and thin! It was so romantic to see and to be reminded of our younger years when we used to go out on dates. We still managed to get butterflies in our stomach. Our presence for each other was beautiful. We finished off the night by taking a stroll holding hands in the beautiful downtown core.
But the funny thing was, even on our date, my phone was ringing off the hook and keep getting messages from students inquiring about my rental property. Mind you, I was doing business and leisure at the same time. This one particular student was inquiring for a place to stay for August 1st for a one year lease as she is starting a co-op job at McMaster campus. She inquired about the property, how far were the perimeter away from the campus and the rent. I have mentioned to her that the house is approximately 5 mins by bus or 15 walks from the campus. Bus stop at the doorstep. Grocery and restaurants are just 5 mins away. I have also told her that rent includes all utilities and wifi. When she heard this, she got excited and book for a showing!
A week after, I have shown her the place with the approval of other students already at the house. She loved the place and signed a one year lease! Man, I was elated. Not only I have filled up all the rooms (6 in total) I have no vacancy for a year! And you know what means! Great steady Cash flow! I can say this was one of my best anniversary gifts!
Passive Income Real Estate
Passive income real estate is a strategy through which an investor can create earnings without having to be actively involved. The term “passive income” is used loosely, as the level of required activity and involvement varies based on the investment type. Some common examples include rental properties, or earnings made from investment portfolios.
One of the keys to building a successful passive income real estate investment involves planning and creating a sound business strategy. This includes versing yourself in your target market, whether it be the same neighborhood as your primary residence or even out-of-state, so that you are aware of local real estate trends and values. The information you glean from the real estate market will help you pick out the best possible market to hold a passive income property, as well as identify property listings that promise good cash flow. After the research phase transitions into the execution phase, you will also need to have a strategy in place on how you will manage tenants, finances and paperwork, as well as the property itself. As you can see, passive income real estate is quite a complex process, and perhaps the term “passive” is a little deceiving. However, with plenty of planning, research, as well as knowing the right questions to ask or common mistakes to avoid, you will be well on your way to a sound strategy that can make your life much easier in the long-run.
Liezel Layacan is a real estate investment company. We have been actively involved in the GTA area real estate investing for a number of years. 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!
Liezel offers her 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 a hassle of being a landlord, please contact Liezel.