A rental income suite can be defined as a separate residence located within a detached, semi-detached or row house with its own living, sleeping, kitchen and bathroom facilities. While many suites are created through the development or conversion of a basement, other alternatives can include garage and garden suites.
What’s more, rental income suites — or secondary suites — are becoming increasingly popular among Edmonton homeowners and buyers looking to generate additional income and get started in the real estate investment business.
Here are the top 6 advantages of investing in a rental income suite:
Pay Down Your Mortgage Faster
One of the most significant benefits of owning a secondary suite is the ability to offset your monthly…
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