Why New Built Properties Are so Attractive for Investors with Cory Friedman

What shifts are reshaping the real estate landscape in Quebec today? In this episode, I sit down again with Corey Friedman, Vice President of Gestion Lameer Inc., to dive into the booming trend of purpose-built rental properties. With over 3,500 units under his management, Corey shares insights into how immigration, housing shortages, and market shifts are redefining property development.   We explore the challenges developers face when transitioning from condos to rentals, including financing hurdles, tenant selection, and managing turnover rates. Corey highlights the balancing act required to meet owner expectations while building a sustainable property management strategy in this competitive market.   Corey also sheds light on the importance of amenities in attracting tenants and fostering community within rental properties. From design considerations to tenant incentives, this conversation is packed with practical advice for anyone navigating the evolving real estate market.   What you will learn if you listen to the episode:   - How purpose-built rentals are addressing the housing shortage - Impact of immigration on housing demand in Quebec - Challenges developers face in switching to rental properties - Strategies for managing tenant turnover and lease incentives - Importance of property amenities in tenant attraction - Insights into financing and building sustainable rental properties - Trends shaping the future of property management in real estate   SUPPORT US ON PATREON!    patreon.com/realestateeffect and become a part of our real estate family! You'll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!   And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel   Connect with Axel Monsaingeon:   Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/ Website - https://www.realestateeffect.ca/ Facebook - https://www.facebook.com/realestateeffect/ Instagram - https://www.instagram.com/veryrealestateeffect/ Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw   Connect with Corey Friedman:   Email: [email protected] LinkedIn: https://www.linkedin.com/in/cory-friedman-cpa-77462b80/ Website: https://www.kompaspm.com/   Do you have any questions about your real estate journey?   Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I'm here to delve into the topics that matter most to you.    I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.   Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in.