Ep 4. An Existing Rental Suite Mess Becomes a Green Clean Income Machine
- October 28, 2009
In Income Property season 2 episode 4, titled "An Existing Rental Suite Mess Becomes a Green Clean Income Machine," host Scott McGillivray takes on the challenge of renovating an existing rental suite that is in a state of disrepair.
The episode kicks off with McGillivray meeting with the homeowners, a couple who have recently purchased a duplex with an existing rental suite. The rental suite is in need of a major overhaul, but the couple doesn't have the funds to get the renovation done themselves.
McGillivray steps in to help, and he immediately assesses the damage. The rental suite is in rough shape, with old carpet and flooring that needs to be replaced. The walls are in need of a fresh coat of paint, and the kitchen and bathroom require a complete overhaul.
McGillivray recognizes the potential in the space, however, and decides to transform it into a "green clean" income machine. He plans to use eco-friendly materials and appliances to make the rental suite not only appealing to renters but also sustainable and cost-effective for the homeowners.
The renovation process begins, with McGillivray first tearing out the old carpet and flooring. He replaces it with eco-friendly materials, such as bamboo flooring and low-VOC paint. He then moves on to the kitchen and bathroom, installing energy-efficient appliances and water-saving fixtures.
Throughout the renovation process, McGillivray encounters a number of challenges, including leaks and electrical issues. But with his expertise and experience, he is able to overcome them and move forward with the project.
As the renovation comes to a close, McGillivray is excited to reveal the finished product to the homeowners. The rental suite is completely transformed, with modern finishes and eco-friendly features. The homeowners are thrilled with the result and confident that the rental suite will attract high-quality tenants.
Overall, "An Existing Rental Suite Mess Becomes a Green Clean Income Machine" is an inspiring episode that showcases the power of eco-friendly renovations. McGillivray demonstrates that with a little creativity and dedication, any space can be transformed into a sustainable and profitable income property.
