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Research Details

Should I Rent My Condo? Assessing Risks of a Property Investment

Abstract

In early 2018, Diana Mulhall was undertaking a career change that would eliminate the need for frequent business trips to Toronto. As a result, she wondered whether she should sell her condo in the heart of the Canadian city or keep it as a rental property to generate income for herself. The housing market in Toronto was booming, so Mulhall believed that the condo would fetch top dollar as a sale. She also thought it would be easy to attract tenants if she kept it as a rental. She had invested in rental property before but never outside of her hometown of Chicago, so Mulhall needed to identify the key risks associated with being a landlord in Toronto.

Type

Case

Author(s)

Craig Furfine

Date Published

02/20/2020

Discipline

Real Estate

Key Concepts

Real estate, risk management, financial analysis, investment management, statistical methods, valuation

Citations

Furfine, Craig. Should I Rent My Condo? Assessing Risks of a Property Investment. Case 5-318-504 (KE1115).

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