The Inside Scoop on Scott McGillivray’s Rental Properties

First off, we were dying to know: where does our favourite real estate investor find his rental properties? So we went straight to the source and asked Scott himself.

Scott told us that he manages a two-country empire. “I have vacation rentals in Canada and the United States,” he shares.

Now, how does he choose where to invest? Scott’s vacation properties follow a simple must-have list: “Typically I look for destination areas, close to beaches,” he explains.

But, they also must be “within an hour and a half to two hours from major urban centres,” he adds, as a rule of thumb.

Considering the number of guests is also extremely important. Generally, “my properties have medium to high occupancy,” says Scott.

That means “at least four bedrooms,” according to Scott. Are you taking notes yet?

That’s not all that’s mandatory for Scott. “[My vacation rentals] also are in areas that have at least two high seasons,” he dishes. This is crucial, so renters can enjoy winter sports…

…and summer sports (like Scott)!

And there you have it, everything Scott looks for in a prime vacation property.

Don’t miss Income Property: On Vacation, Wednesday nights at 10e/p!