The risk is more than just no compensation. If your mortgage company finds you have no insurance, they will likely call the loan. If your insurance is cancelled, you may be refused by other companies who deem you a high risk. It is better to play by the rules rather than risk the problems...

If you advertise for tenants, they may see the ad and cancel your insurance (which would be VERY bad!!). It’s better to insure with someone who allows you to have renters. Sent from my iPad using myREINspace

@jay1214u In Ontario, you are not allowed to demand a security deposit. You are permitted to demand first month and last month’s rent before giving the new tenant the keys (which is what we recommend strongly). After the tenant is in the unit, you can’t force them to provide last month’s rent...

Hi Angie. You asked a great question that many beginning investors ask (or should ask). The type or types of real estate that you should hold in your portfolio will be very specific to your circumstances, and may change over time. It will depend on your resources (mostly time and money, as...