All Forum Posts by: Akil Nasser

@Frank D.

Thanks for your input. The house is clean and very liveable. The only thing that I’ve been toying with updating is the kitchen; that’s something I may do this month. White shaker cabinets, flooring, backsplash and stainless steel. Both my agent and my prop mgr tell me to leave the kitchen as is—that’s it’s completely fine.

@Marcin Nurek

Thanks for your input.

What Ive heard from my prop mgr is that — Hamilton is full of folks on welfare and EI so we get a lot of leads but many of them are filtered out immediately. The rent and the house are nice, it’s just a matter of time for a qualified tenant to swing by.

We did have a qualified and approved tenant 4 weeks ago, but they ended up choosing another rental. That’s when I lowered the price by $100/mo to be much more competitive.

Has anyone else that has invested in Hamilton Ontario can chime in?

Thanks!

Hi! I’ve recently purchased a 3/1 single family home in the Crown Point East area of Hamilton Ontario. This is my first rental house purchase. It’s taking a little longer to rent out, which is making me wonder whether something wrong with it or whether I need to keep waiting for the right applicant to come along.

A little about the home. It’s very clean but not updated. I’ve been told it’s on a slightly busy street but not that busy. It’s next to a local mini mart, but it’s not in your face, busy or loud. I’ve been told by agent and property manager that it is well priced. Through a local property manager, its received 11 applications over 6 weeks, and it’s listed on kijiji, FB, Zumper and Padmapper. Only one application passed, but that person chose a different house in the end.

An agent that’s part of the brokerage I used to purchase this house stated he observed houses take 4-6 weeks to rent out but were in week 7 now.

Is this timeline and # of applications “normal” for lower city Hamilton?