Broker Rhys Wyn Trenhaile of The Vanguard Team at Manor Realty Ltd. recently had a client contact him to help sell three of his income properties.

His client of 15 years was surprised when he was told not to sell them right now. Right now is the wrong time to sell your income properties.

In recent years there has been a mixture of both private development and public development announcements for the Windsor area like we have never seen in the history of the city.

For certain types of investors Windsor condos are the best option, and during this red hot market this fact has been exacerbated by the fact they have become somewhat undervalued compared to single-family homes and small apartment buildings.

Windsorites May Complain About Home Prices, But They Still Have the Most Affordable Housing

So, is it a good time to sell your large income property?

According to Miell, the answer to that question is yes.

Imagine a peaceful night sleep because you are not thinking about your properties on a regular basis before you go to bed.

Notice the title of this article says how do you get great property management, and not how do you get a great property manager.

“When a real estate agent owns an investment property or properties, all of a sudden you also have someone who understands all of the nuances of being a landlord, and also understands all the little potential red flags on a property that another real estate agents simply won’t see.” This can give real estate investors a bit of an edge.

So why does Windsor still have room for growth despite property values year after year currently sitting at a 25-50% increase over the past several years? Sounds crazy to say doesn’t it? Regardless, the fact remains that of all major communities in Canada, Windsor still holds onto the second most affordable housing in the country, and number one in Ontario! But what does this mean?

The tragedy of the temporary real estate investor

A free guide for professionals looking to invest in Windsor-Essex Ontario

“I realize some people see gentrification as a bad word,” says Trenhaile. “But I see nothing wrong with the reinvention and re-emergence of tired and old neighborhoods in cities. Without this cycle we wouldn’t have the thriving cities that we have today.

Student Rentals specialist Steve Jarrouge of The Vanguard Team at Manor Realty Ltd. said student rental properties simply became a good buy right now because a high number of students are studying from home using online learning and video communications.