“Kensington was a place where you could do whatever you wanted as long as you didn’t poke your neighbour,” Scriver said. Their friends were predominantly children of Chinese and Vietnamese immigrants who worked and lived in the same neighbourhood. Scriver and her siblings spent most of their time playing with their neighbours in Bellevue Square Park. She and her siblings lived upstairs from Courage My Love, a funky space that kept Torontonians outfitted in the latest counterculture styles.
In this video, real estate investor Dan Kohan, discusses the differences between short-term and long-term rentals.In the 1970s, while most of Toronto’s hippies were still firmly ensconced in Yorkville, Cece Scriver’s family opened a vintage store in Kensington Market. Tenants living in cities, for example, might want to ensure they have living quarters for a long period of time to avoid moving around a lot. College students, too, might be on short-term leases depending on the amount of semesters they stay for school.įor long-term leases, tenants who want to secure their rental for a year (or even two!) can be just about anyone. For example, if your rental is located close to a hospital, you might consider furnishing it and renting it out to traveling nurses.
Whichever you decide to choose will depend greatly on your house type, location, and investing strategy. Longer-term renting experiences might be year or two-year-long leases that secure a tenant for a longer period of time.
Are you unsure what type of rental property to invest in? There are short-term and long-term rentals, but it can be difficult to determine which type of rental will suit your real estate investing strategy.Įxamples of short-term rentals include AirBnBs, traveling nurses, and even college students.
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