Ep 5. Finally Finished

Income Property is a popular Canadian television show that follows Scott McGillivray, a real estate investor and contractor, as he helps aspiring homeowners transform their homes into income-producing rental properties. The show's fourth season features episode 5, titled "Finally Finished," in which Scott helps homeowners complete a major renovation on a duplex property.

The episode begins with Scott meeting with homeowners Kim and Marlon, who purchased a duplex property with dreams of turning the run-down property into a lucrative rental. However, the renovation process has been fraught with setbacks and the couple is now running out of money and patience. Scott reassures the homeowners that with his help, they can transform their property into a profitable investment.

The episode then follows Scott as he tours the property, assessing the work that still needs to be done. The property is large but in serious disrepair, with outdated fixtures and appliances, old wiring and plumbing, and worn-out flooring. Scott notes that the property needs a complete overhaul, from the basement up, in order to attract high-quality tenants and generate income for the owners.

Scott's first task is to re-design the layout of the property, which currently consists of two separate units with a shared entrance. After consulting with his team of contractors, Scott decides to convert the property into a three-unit rental, with a separate entrance for each unit. This will not only increase the earning potential of the property but will also allow the owners to live in one of the units while renting out the other two.

Once the layout is finalized, Scott and his team get to work, tearing down walls, updating electrical and plumbing systems, and installing new flooring, windows, and appliances. The process is challenging, with unexpected problems cropping up at every turn, but Scott remains focused and determined to get the job done.

As the renovation progresses, tensions between Kim and Marlon begin to rise. The couple is feeling the strain of living in a construction zone and managing the renovation budget. Scott steps in to mediate, helping the couple to prioritize their spending and manage the stress of the renovation process.

Finally, after months of hard work and countless setbacks, the renovation is complete. The property is now a modern, stylish three-unit rental with high-end finishes and state-of-the-art appliances. Scott gives Kim and Marlon a tour of the property, showing off the features and amenities that will attract quality tenants and generate consistent rental income.

The episode ends with Kim and Marlon expressing their gratitude to Scott and his team, who helped them to turn their dream of owning an income property into a reality. Scott reminds them that the hard work isn't over yet, as owning a rental property requires ongoing maintenance and management. However, with the help of Income Property, Kim and Marlon are well on their way to building a successful rental business that will provide them with financial security and freedom for years to come.

Overall, "Finally Finished" is a compelling episode of Income Property that showcases Scott McGillivray's skills as a real estate investor and contractor, as well as his ability to navigate the challenges of renovating and managing rental properties. Viewers will be inspired by Kim and Marlon's determination to turn their dream into a reality, and impressed by the stunning transformation of their duplex property into a profitable three-unit rental.