In E281 of the Andrew Hines Real Estate Investing Podcast, Andrew welcomes Bridgette Clarke, who shares her innovative rental strategy. Bridgette transformed a single-family four-bedroom house in Whitby into a high-income property by renting out individual rooms, achieving significantly higher rental income compared to traditional methods. Instead of the typical $2800 rent for the whole house, she now earns $5000 monthly by renting each room separately. This approach is not only boosting her cash flow but also mitigating the impacts of rising mortgage rates.
They discuss the concept of “pad splitting,” a model akin to Airbnb but for mid-term room rentals, which has proved successful in the U.S. Bridgette provides insights into how she manages to keep the property profitable even with added services like cleaning and landscaping. Her tenants enjoy a hassle-free living experience, making this model attractive for both landlords and renters.
The conversation also explores the philosophical and practical implications of the future of housing in Canada. They touch upon the challenges posed by the housing crisis, increased immigration, and the need for innovative rental solutions. Bridgette’s experience showcases how real estate investors can adapt to these market challenges and maximize rental income.
Additionally, the episode delves into the importance of community and faith in building a sustainable and supportive living environment. Bridgette emphasizes how her approach aligns with creating high-trust communities, which can provide stability and security for both landlords and tenants.
This episode is a must-listen for real estate investors looking to explore creative rental strategies and understand the broader implications of the housing market in Canada. It highlights practical steps for increasing rental income, adapting to economic changes, and fostering a positive community atmosphere.
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Connect with Bridgette Clarke:
Instagram: https://www.instagram.com/bbridgetlee/
Email: Info.casabria@gmail.com
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Listen on Apple Podcasts: https://itunes.apple.com/ca/podcast/the-andrew-hines-real-estate-investing-podcast/id1453461753
Listen on Spotify: https://open.spotify.com/show/2ND7vIkJhmIEEk73aCwKhE
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