Basement Suite Pricing

G1GY · #1 06-26-2006, 07:39 PM

Probably in the $700-$900 range.

Depends on if utilities and cable are included.

Keep in mind that it's worth a little less in your pocket now to get the right people in there. If you price it on the high side, you'll have a high tenant turnover rate and end up with a dirtbag at some point.

A good tenant is worth spending a little bit on to keep him/her there.

Getting refferances and following up on them would be worth the time involved. It's easy to let someone just move in, but if things turn to $hat it can be very difficult to get a renter out. (Up to 3 or 4 months in unpaid rent in some cases.

)

Being a landlord isn't much fun at times, but in todays market can turn a good profit.

Good luck.

Cap'n · #2 06-26-2006, 09:30 PM

All utilities included except cable and phone.

Definitely ready to accept lower pricing for the right people. We had arranged to have my wife's youngest sister and fiance move in, but he got cold feet and we are still dealing with the drama. Really disappointing, we were looking forward to the free babysitting, and we lost money on the deal.

Looks like we were in the right range, maybe a bit on the low side.

Know any good tenants?

Thanks,
Tim

SJSobczyk · #3 06-26-2006, 09:54 PM

People are dying for a place to live in this city. Pick some good advertising (Herald) and you will have people there within the hour.

Good Luck

Steve

Canadbis · #4 06-26-2006, 11:06 PM

I have to agree with the refence part. Make sure to call thier work also, they may seem fine on the outside, but if they cant hold a job for very long then they aren't worth the hassle. Once you get a dirtbag in your hooped.
Take the time to find the right person

OCDP · #5 06-26-2006, 11:26 PM

haha, friggin' people are going to live in camp grounds for the summer because it's so damn hard and expensive to find a place here now. I can't imagine it will take long at all before someone swoops this deal up. Too bad I'm not looking for a place quite yet!

Puff · #6 06-26-2006, 11:51 PM

im just glad my parents spend most of the year out of town. so i get to "house sit" a lot. and dont have to get a seperate place, because its basically my house that they visit once in a while.lol. but it wont be for much longer.

when i stayed in residence at college in calgary (1 bedroom apartment, ftw!) i realized how good i was at keeping my place tidy and smelling fresh...you walk by other ppls places and they're filthy, smelly, and generally disgusting.

made me feel better, as i always thought i was a bit of a slob, but in reality i guess im not that bad.hahaha.