REALTOR® in Your Pocket: Ottawa Real Estate and Advice

Creating Rental Income by Adding a Secondary Dwelling Unit

Today I interview Danny Dawson, a colleague of mine with experience in creating secondary dwelling units. For the right homeowners or investors, this can be a great way to add utility and income potential to a single dwelling.  

This episode was recorded near the beginning of the Coronavirus pandemic. Real Estate has been included in the list of essential industries, but it’s clearly not business as usual. As Danny mentioned, Ottawa has a number of advantages that make it a great place to live including a strong job market, diverse economy and room to grow. One feature of the city is a tight rental market, and part of Danny’s business is helping clients create a secondary dwelling unit, a second suite within their home or single income property to increase rental income.

I chose Danny today because as well as being colleagues, he and I are friends at the brokerage and I trust him to be candid and blunt with his experience. Danny doesn’t sugar-coat his experiences and is straightforward with his failures as well as his successes. Renovation and property investment isn’t for everyone, and he sheds some light on the pitfalls as well as the opportunities.

You can reach out directly to Danny at http://dannydawson.ca/

You can send your questions, episode requests or comments to me at nickfundytus.ca.  

Thanks for listening and sharing with someone that can use the advice and insights!

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Today I interview Eli Udell and Noah Potechin! Both are lawyers at Merovitz Potechin LLP in Ottawa, with Eli being one of the firm's partners. 

The Real Estate industry has been deemed essential by the Ontario Government during the Coronavirus Pandemic. We discuss why this may be, and what it means specifically for you if you're buying or selling a home during this time, or are expecting to close on a home. Although the industry is active, it's certainly not "business as usual" and we discuss the steps that we're taking on the legal side to keep clients, ourselves, and the general public safe while still making sure the homes can close successfully. 

Merovitz Potechin LLP is one of the firms that I refer clients to the most often, and in listening to Eli and Noah it's easy to see why. Although they are both with the firm their opinions are their own and not those of their employer, but they are a reflection of this excellent firm.

You can reach out directly to Eli and Noah via their contact pages.

You can send your questions, episode requests or comments to me at nickfundytus.ca. 

Thanks for listening and sharing with someone that can use the advice and insights!