Buying resort property for renting a good idea?
Posted by admin in Toronto Condos
Friday, 21 May 2010 17:49
Hi! I had a great response for my last question so I thought I’d ask another…
I’m from Toronto, Canada and I was thinking of buying a rental condo in a ski/summer resort in northern Ontario (Blue Mountain). I’ve looked at getting rental property in Toronto but its a huge glut of condos now. What’s the rental demand up there? Are there lots of problems with renters? Is global warming a big issue? Are there any problems with Intrawest as property managers? Any guidance is greatly appreciated!!
As long as you have a reputable property management company, you should have no problems. It is a wise investment.
Hope this helps!