July 2020 Ezine
News from Craig and Amber
Happy July!
We wrapped up June with a renovation to a property in Calgary. We updated the basement last year with new flooring, trendy grey paint and some shiny new shiplap! We knocked out a wall to open the suite up and added bigger windows for more natural light. We were thrilled with the finished product but it made the upstairs feel very lackluster.
We took full advantage of having 6 days of vacancy in our main floor suite and changed that by adding the same shiny new shiplap to the bar, painted the trim and ceiling, added new LED pot lights and topped it off by adding some gorgeous new curtains to the bedrooms.
Instead of using the traditional shiplap, we used wood paneling. This saved us time AND money AND it looks amazing! We also decided to add a third bedroom to the main floor suite. By doing the minor renos/updating and adding the 3rd bedroom we were able to increase rent by $275 per month!
This month we are very excited to celebrate Cali’s 3rd birthday! Be sure to look for pictures from her party. It’s going to be so much fun!
We hope you’re able to get some summer traveling and family time in during these sunny days. Please email us your vacation destination plans! We are always on the lookout for new places to enjoy with our family.
And remember, always wear sunscreen!
Craig and Amber
Quote of the Month
A Laugh or Two for Good Measure
Helpful Life Hacks & Cartoon of the Month
Why Invest in Real Estate
Passive Real Estate Income
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.
About Craig and Amber DeMaere:
Craig and Amber are real estate investors. They have been actively involved in real estate investing for a number of years in Medicine Hat and Calgary. Their 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 their investor partners and themselves. It is truly a win-win-win way of investing!
Craig and Amber offer their 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 Craig and Amber.
For more information about Craig and Amber and their investment program, please call 403-466-5227. or visit craigandamber.com