Talon Thompson

A Realtor FIT for you

Blogging About Real Estate

Have you considered renting a suite in Victoria, BC to help increase cashflow and the overall value of your home? Victoria is one of the most beautiful placed on earth to rent out a suite and increase your investment at the same time.  With its picturesque landscape, relaxed lifestyle, and low crime rate, Victoria is a fantastic place to call home. However, as the costs of living increase and Victoria real estate prices rise, many people are looking at ways to supplement their income passively. Income suites are a fantastic way to do that. Provided you keep in mind a few details, you can legally rent part of your single-family home. Depending on where you live, this can result in $1,000 or more per month. It’s a win-win for both buyers and sellers. If you are buying in Victoria, BC, the ability to rent part of the house helps pay the mortgage. If you’re selling in Victoria, BC, homes with suites to rent fetch more money. When it comes to rental income suites, here are three...

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