Income Property Season 3, Episode 6: First Time Parents Seek Extra Income

Three Months Lost Rent

Jeremy and Angie need to renovate their dilapidated basement apartment because they desperately need the income. If they don’t rent it out they will forgo the dream of Angie staying home to raise their young son.

Busy Bakers Income Suite

Henri and Lori need to renovate their outdated income suite, fast, so that they can maintain the income they’ve relied on to help offset their heavy business taxes. Without Scott’s help, they will suffer from significant monthly shortfalls imminently.

Saving A Money Pit

Courtney & Emily need to get their unfinished basement renovated to a high standard apartment ASAP to be able to afford the extra $100,000 mortgage they took on to buy the home. Without the extra income they will burn through their savings trying to keep up with the large payments and eventually have to consider selling the house.

Out of Debt & Down the Aisle

Bonnie & Merv have credit card debt in addition to a big mortgage. Bonnie & Merv need Scott’s help to complete their basement income suite so that they can get out of debt and down the aisle before the end of the year.

Laura and Peter

Laura & Peter need to convert the office space in the basement into an apartment suitable for their cool neighbourhood in order to take control of their spiraling debt and mortgage payments. Without the rent, Laura and Peter will have to face the fact they cannot afford the house and will have to sell.

Staying On Track

During 18 months of unemployment, Crystal came to depend on her improvised, second floor apartment to avoid defaulting on her mortgage while racking up major debts to keep the house running. The tenant is now gone and the debts accumulated will take years to pay off without a consistent income from the half story apartment.

Rushad and Lizzy

S3, Ep 8: Rushad and Lizzy Rushad wants to move out of his parents’ house and into the triplex he bought last fall. Unfortunately, unless he can get the main floor/basement suite renovated and rented, that’s never going to happen. Rushad needs the income from two of the three suites to help cover his costs.

Andrea and Luke

Andrea and Luke have a five-year financial plan based on the second floor apartment being consistently rented. Without the income generated from this apartment their goal of starting a family in a single-family home will be jeopardized.

Law Of Landlording

Tracey fell in love with her home the first day she saw it. In the ensuing months, she has done more destruction than construction and has lost the passion she once felt for her home. Tracey needs to complete the renovations in the upper unit and get it rented in order to finance the renovations for her own apartment and fall in love with her house again.

Kerry

Divorced dad Kerry needs Scott’s help to finish the basement apartment so that he can collect rental income to give his children the life they deserve.

Lisa

Lisa has been waffling over creating an income suite for the last five years and has lost potentially $50,000 in income. If she doesn’t stop procrastinating and install an income suite in her basement, she risks both her own future as well as her mothers.

Lisa & Matt need help to renovate their main floor apartment to allow her disabled brother comfortable visits as well as to generate untapped income.

Lisa and Matt need Scott’s help to renovate their main floor apartment to allow Lisa’s disabled brother comfortable visits as well as appeal to month-to-month executive renters to generate untapped income.

30 min