Ep 9. Attracting the Right Tenant

Income Property is a captivating home improvement and renovation series that helps homeowners transform their properties into profitable rental units. In season 1, episode 9, titled "Attracting the Right Tenant," host Scott McGillivray works his magic on a property to create an appealing and functional space that will attract the ideal tenants.

The episode begins with Scott meeting the homeowners, Lisa and Mike, who are in desperate need of assistance in maximizing their rental potential. Lisa and Mike have a partially finished basement that they want to convert into a self-contained apartment. They are overwhelmed with the task and unsure of where to start, leading them to seek Scott's expertise.

As Scott explores the space, he identifies areas that need improvement to increase its overall appeal and functionality. He notices that the basement lacks natural light, has an awkward layout, and is in need of significant updates. With these challenges in mind, Scott puts together a comprehensive plan to transform the space into a desirable rental unit.

First, Scott focuses on the basement's layout. He realizes that by reconfiguring the existing rooms, he can create a more open and inviting living space. Scott shares his ideas with Lisa and Mike, who are impressed by his vision and eager to see their basement undergo a dramatic transformation.

Next, Scott addresses the issue of limited natural light. To brighten up the area, he proposes the installation of larger windows and the addition of strategic lighting fixtures. By bringing in more natural light and incorporating effective artificial lighting, the basement will become a much more inviting and comfortable living space.

Throughout the renovation, Scott emphasizes the importance of selecting durable and low-maintenance materials. He introduces Lisa and Mike to various flooring options, explaining their benefits and drawbacks. Together, they decide on a resilient and visually appealing flooring choice that will withstand the wear and tear of future tenants.

In addition to layout and lighting, Scott pays attention to creating a functional kitchen and bathroom. He discusses various design options, including cabinetry, countertops, and fixtures, taking into account Lisa and Mike's budget. Scott's expertise guides them in making informed decisions that strike a balance between aesthetics, functionality, and affordability.

As the renovation progresses, Scott encounters a few unexpected challenges. He encounters some plumbing issues that need to be addressed promptly to ensure the project stays on track. With his skill and expertise, Scott handles these setbacks efficiently, keeping the homeowners informed every step of the way.

Throughout the episode, Scott stresses the importance of maximizing every inch of space to increase the apartment's rental potential. He introduces Lisa and Mike to innovative storage solutions, such as built-in shelving and versatile furniture, that will make the apartment both practical and visually appealing.

Finally, as the construction nears completion, Scott adds the finishing touches that will help Lisa and Mike attract the right tenant. He furnishes the apartment with stylish and functional items, creating an inviting and contemporary living space. Through his guidance, Scott ensures that the rental unit is ready to impress potential tenants and create a steady source of income for Lisa and Mike.

"Income Property" season 1, episode 9 - "Attracting the Right Tenant" engrosses viewers with Scott McGillivray's ability to transform a lackluster space into a profitable rental unit. This episode showcases the challenges he faces during the renovation process and offers useful insights for homeowners looking to optimize their rental investment. With Scott's expert guidance, Lisa and Mike can finally attract the right tenants and enjoy the financial benefits of their newly improved income property.