Quote:
Originally Posted by RawAlex
As a bonus, the Regie will allow you to pass many of those expenses on as rent increases in the next year, which again helps you make your property work..
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The rental Board in Quebec will only allow to increase the rent by 4.2% of the cost of the work done on the property. For example, if you spend $10,000 to renovate the building and you have 10 tenants, you can only increase each tenant's monthly rent by $3.50. While a bank will charge you 6%+ interest on that $10,000 loan you borrowed to do the work on the building. Thus, you'll never be able to recover this amount from the tenants
