The Truth About Real Estate Investing... For Canadians

Hello wealth hacker nation! As our regulars know, I converted one of my single family homes from being rented to students to AirBnb after an awful experience with one tenant and then dealing with the pro tenant, Landlord Tenant Board Tribunal. Good friends of mine who have much experience with short term rentals told me how great the tenant profile is vs. long term tenants.  Guests of short term rentals or STR’s for short are happy because they have vacation, they have budget otherwise they wouldn’t be taking vacation. My property is inspected more frequently as my cleaners are there every week to inspect of maintenance and damage plus damages are paid for by the guest via their damage deposit vs. a long term rental landlord has to collect themselves, come out of pocket, possibly go to small claims court, put the tenant into collections, possibly not get paid, etc… So is the grass greener on the other side? We will see but so far in less than 72 hours we have $3500 expected revenue for the month of June. Note