Not everybody gets burnt by the stove my friend.

First of all, I never mentioned that needed to turn my condo in a profitable rental property. I was simply exploring the solutions ahead of me for what to do with my property. I'm not going to go back there anymore if I do end up renting my condo which is one of the biggest reasons why I do need...

There are 2 buildings, and they were built 4 years ago. It also has nice features, underground parking lot, gym and a "get together room" that you can rent out. The condo I have is 709sq-ft, 1 bedroom. Perfect size for a couple. With washer / dryer / dish washer. Here is a link where you can...

I don't believe I will be losing money, If I was to sell the place, I would be losing $40000 right now. What could possibly justify such a loss? The biggest thing is that my building still has brand new units for sale, hence why the resell price is so low at the moment. Once the complex is full...

Completely agree here. I was looking at all the solutions very closely and figured that I can rent the place through a property management company for roughly $1300/monthly which would cover the cost of my mortgage, condo fees and the property management fees. I may not make a profit but at...

I think I'm going to rent it. I talked to 3 property management companies that have 100% success rate renting. I could probably even make a profit renting the place.

All right, so here is my situation. I am currently employed full time, I make very decent money and I'm single. Over 100k/year. At the moment I work in Lac La Biche, Ab and rent a condo here and I also own a condo that I had purchased 4 years back in Grande-prairie for $180 000. I only go back...