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6100 Highway 18 is a move in ready 2 bed 1 bath bungalow I just listed in LaSalle for $485,000. It features beautifully updated interiors, main floor laundry, a large lot and affordability.

Tenants make or break a multifamily. A good tenant will pay their rent on time without complaints or nearly any maintenance calls, potentially for decades.

A bad tenant who knows how to abuse the system may not ever pay their rent, and live in your building for months, breaking things, while you struggle to evict them.

The key is knowing about who the tenant is before they sign the lease and move in. You must have a screening process that you follow, with no exceptions. This is called doing your due diligence.

There are more fixer uppers for sale in Windsor in January 2023 than in the last couple of years. This is especially true of multi family housing such as duplexes and triplexes.

This is a good thing for fix and flippers, or families who could use a little extra leverage with sellers for their first purchase. When a house could use a few repairs and is stylistically out of date it has less interest, making it sell for less. When such an older house struggles to find a buyer for a month or more, you may even be able to buy it for below asking price!

It’s been years in Windsor since these kinds of potential deals have been widely available. For all the local people who have felt financially pushed out of the housing market, this is a big move for the better.

In the past, sellers who held offers on a certain date could have gotten almost 30% over the asking price. In November 2022 that premium on residential real estate has shrunk to only 2% over the asking price, the lowest since about 2018.