Ep 11. Jerry & Amee

Jerry and Amee are looking to create a space for their growing family, but with a limited budget, they're not sure if they can find a home in their dream neighborhood. That's where Scott McGillivray comes in. In this episode of Income Property season 6, Scott helps Jerry and Amee turn their rundown property into a beautiful rental suite that can generate income for their family.

The episode begins with Scott visiting Jerry and Amee in their small and dated home. They explain that they want to upsize to accommodate their growing family, but they can't afford anything in their neighborhood. Scott sees the potential in their current property and suggests that they turn it into a rental suite so they can generate additional income.

Scott sets out to create a beautiful and functional rental suite that will meet the needs of potential tenants. With a budget of $50,000, Scott shows Jerry and Amee how to make the most of their space. He suggests a cost-effective renovation plan that includes installing sound-resistant insulation, adding a private entrance and creating a bedroom that can double as a home office.

The renovation process begins with Scott and his team gutting the outdated space. They rip out the old carpet and replace it with hardwood flooring. The walls get a fresh coat of paint, and the kitchen undergoes a full makeover with new cabinets, countertops, and appliances. Scott also installs a new bathroom, complete with modern fixtures.

As the renovation comes together, Scott shows Jerry and Amee how to choose the right finishes and products to maximize the rental potential of their property. He explains the importance of durable, easy-to-clean materials and suggests cost-saving solutions like using laminate flooring instead of hardwood.

Once the renovation is complete, Scott invites potential tenants to view the new rental suite. They're impressed by the new finishes and love the accessibility of the space. Scott also shows Jerry and Amee how to advertise their new rental suite effectively, so they can attract the right tenants.

With a beautiful and functional rental suite, Jerry and Amee can generate additional income for their growing family. They're thrilled with the transformation of their property and the new opportunities it brings. Scott has once again helped a family get the most out of their property, proving that renos = rentals.

Overall, episode 11 of Income Property season 6, titled Jerry & Amee, showcases the importance of maximizing the potential of a property. Scott McGillivray helps the homeowners turn their cramped and outdated space into a beautiful and functional rental suite, proving that with a little creativity and hard work, any property can become an income property.