Income Property Season 2 Episode 11 A Rental Income Delivers a Renovation Opportunity to a Smart Student Owner.

In the season 2 episode 11 of Income Property, titled "A Rental Income Delivers a Renovation Opportunity to a Smart Student Owner," host and real estate expert Scott McGillivray meets with a young woman named Amanda who has recently purchased her first home. Amanda is a smart student with a limited budget, and she's hoping to turn her house into a profitable rental property.

Scott begins the episode by touring Amanda's home and assessing its potential as a rental property. He notes that the house has a lot of potential, but that it will require some strategic updates and renovations to attract renters and increase its value.

The first step in Amanda's renovation journey is to create an open-concept living space on the first floor of the home. Scott and his team remove walls and reconfigure the layout of the space to create a large, functional living room and kitchen area. This new space will be perfect for entertaining guests and hosting potential renters.

Next, Amanda and Scott turn their attention to the basement of the home. Scott notes that the basement is currently unfinished and not suitable for use as a rental space. To transform the basement into a functional living area, Scott and his team install drywall, flooring, and lighting fixtures. They also add a bathroom and laundry area, making the basement apartment self-contained and desirable for renters.

One of the biggest challenges in this renovation project is the limited budget. Amanda is still a student and doesn't have a lot of money to spend on renovations, so Scott and his team need to be strategic in their choices. They opt for affordable materials and finishes that will still look great and add value to the property.

Throughout the renovation process, Scott and Amanda discuss the importance of creating a space that is both functional and stylish. Amanda is a young professional, and she wants her new rental property to be attractive to other young professionals who are looking for a comfortable and modern living space.

In the end, Amanda's renovation project is a huge success. Scott and his team have transformed her dated and cramped home into a spacious and stylish rental property that is sure to attract tenants. Amanda is thrilled with the results and excited to start earning income from her investment.

Overall, "A Rental Income Delivers a Renovation Opportunity to a Smart Student Owner" is an informative and inspiring episode of Income Property. Scott McGillivray and his team show viewers that even with limited funds and some creative thinking, it's possible to turn an average property into a profitable rental investment.