Why I am selling my condo after kicking out the tenant…

I was looking at selling my rental condo as I am tired of the negative cashflow.

translation: i couldn't arbitrarily jack up rent prices

turns out investors aren’t interested in buying a property where they have to honour the older lease as it’s lower than market

translation: other land leeches don't want to buy a property unless they can jack up the rent prices

This fetched me a lot more offers and an additional $70k in sale price.

translation: i kicked someone out of their home for $70k

the narrative is too one sided

translation: people hate parasitic real estate investors like me so heres a post attempting to rid me of the guilt of being a parasitic real estate investor

/r/PersonalFinanceCanada Thread