Where Should I Invest? Real Estate Investing in Canada Property Management Horror Stories, Lessons and Tips
Eric Blenkarn is a Property Manager and Real Estate Investor. A serial entrepreneur from his early teens, after an initial career in construction, it was following his own frustration with a property management company who was looking after one of his properties, that he knew how he wanted to run his own management company.
Guest: Eric Blenkarn, Real Estate Investor
Eric Blenkarn is a Property Manager and Real Estate Investor. A serial entrepreneur from his early teens, after an initial career in construction, it was following his own frustration with a property management company who was looking after one of his properties, that he knew how he wanted to run his own management company.
Although he recalls many horror stories (including finding a cat in a freezer!) and refers to property management as a ‘thankless and tough job’ he has positioned his own company Eco Property Management as a stand out provider in the space.
He is still able to take time for vacations and follow other business interests by leveraging technology to run his business from anywhere. His clients and tenants can request service via an app all connected to his service teams and providers. He also recruited a former social worker contact to come work for him as a property manager who keeps a presence on the ground when he is travelling.
His first property was a house he bought for his impending marriage but had some time to rent it out for a while, planning to move in once married. However, he ended up living in a different city and kept it as an investment property.
His own portfolio now consists of around 14 properties which tend to be in constant flux, usually selling to make more investments, e.g. sell one buy two, focused in Hamilton and Brantford. Most are buy and hold or BRRR properties. Although unusually he does have a women’s shelter as one property where he works with not-for-profits as his clients who look to place short-term tenants and they also maintain the property.
You will learn about:
– Property Management horror stories
– How to deal with property and tenant issues
– Property manager insider tips on screening tenants
– What to look for when hiring property managers
Get in touch with Eric:
Mat’s Website:https://www.ecopropertymanagement.ca
E-Mail:info@ecoproperties.ca
Book Featured:
More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investingby Julie Broad
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