Investing: Long-term rentals
Long-term rentals in Calgary
A rental that’s ready to lease from day one, with steady monthly rent coming in.
Spotlight
Location does the heavy lifting
With a turnkey rental you’re not adding value through renovations, so where you buy matters most. I look for good areas with strong rental demand and less competing supply.
Good schools and safe streets
What long-term tenants look for first.
Close to transit, work and amenities
Homes that are easy to rent and easy to keep rented.
Less competing rental supply
Fewer similar rentals nearby means less vacancy.
Ready to lease
No major renovations needed before your first tenant.
How a buy-and-hold works
You buy a home that’s ready to rent, lease it to a good tenant and hold it for the long run.
Your return comes from three places: monthly cash flow, your tenant paying down the mortgage, and the property’s value over time.
Turnkey means less work up front than a BRRRR, but less room to add value, so the price and the rent need to make sense from day one. Want to add value instead? See Flips and BRRRRs.
A good fit if
- You want steady monthly income
- You’d rather skip major renovations
- You’re investing for the long term
Think twice if
- You want more significant cash flow right away
- You’re counting on quick price growth
- You don’t want to deal with tenants or hire a property manager
The process
How I help
Strategy and numbers
We set your budget and goals, and what the numbers need to look like.
Hand-selected rentals
Homes in areas with strong rental demand.
Offer and conditions
Including inspection and a close look at the rent the home can get.
Closing
I stay on it through possession.
Leasing and management
Introductions to property managers if you’d rather not self-manage.
Do long-term rentals still cash flow in Calgary?
Some do, but it depends a lot on the property, the price and the area. Book a call and we’ll run the numbers together.
Condo, townhouse or house?
It depends on your budget and goals. Right now I’m more careful with condos and townhomes as long-term rentals, and I lean toward houses in good areas with less rental supply.
Should I hire a property manager?
If you don’t live nearby or don’t want to deal with tenants, it’s usually worth it. I can introduce you to property managers I trust.
Can I buy a rental from out of province?
Yes. Many of my clients do. I walk you through the property in detail on Zoom or FaceTime and point out any issues I see before you write an offer.
Services
More ways I can help
Let’s talk
Looking for a rental? Let’s find one that works.
Happy to jump on a call or a Zoom.
Book a call
Not financial, legal or tax advice.