Income Property Season 9 Episode 6 Big City, Big Prices

Income Property is a popular reality TV show that's in its ninth season. The show is all about creating rental suites for homeowners and helping them generate income by renting it out. The host, Scott McGillivray, is a professional contractor and real estate expert, who helps homeowners renovate their properties. In episode 6, titled "Big City, Big Prices," he helps a couple transform their unfinished basement into a rental suite.

The episode starts with Scott meeting with Ben and Rachel in downtown Toronto. They own a charming home, but they are struggling with the high cost of living in the city. They need to make extra income to continue living in the area they love. With a baby on the way, they are looking for ways to create a rental suite in their basement, which has been sitting unfinished for years.

Scott is excited to take on the challenge, knowing that Toronto's real estate market is costly and that rental income can be a massive help. However, he is aware of the city's strict regulations for rental properties. He is ready to help the couple navigate through the legalities, find the plan that's right for them, and help them transform their basement into a comfortable, safe, and legal rental suite.

The first thing Scott does is to assess the space. He needs to ensure that the basement has all the requirements for a legal rental suite. He suggests that they need a separate entrance, enough headroom, a sound barrier, ventilation, and lighting. He also needs to ensure that the layout and design of the suite are functional and attractive for potential renters.

Scott works with the couple to create a plan that maximizes the space while staying within their budget. He suggests cutting corners by repurposing some of the existing features of the basement, such as the stairs, framing, and plumbing. This would help them save money without compromising the quality of the suite. With the plan in place, Scott brings in his professional team to start the renovation.

The second part of the episode chronicles the renovation process. Scott brings in some of his trusted workers to help with the transformation. They work tirelessly to make sure that every detail is perfect. They run into a few unexpected issues, but with Scott's experience, they manage to resolve them without delay. Scott is hands-on throughout the process, and he makes sure that everything is up to code and standard.

Finally, the episode wraps up with a big reveal. Scott shows Ben and Rachel their new rental suite, a space that was once an unfinished basement, and now a fully functional beautiful rental suite. The couple is delighted with the result and is excited to start renting it out. Scott also helps them set up their tenant screening process and offers tips on how to manage the rental suite successfully.

In conclusion, "Big City, Big Prices" is an uplifting episode that shows how a little creativity and hard work can transform an unused space into a fantastic rental suite. With Scott's expertise, Ben and Rachel saw firsthand how a legal rental suite can help them supplement their income and enable them to continue living in the city they love. It's a testament to Income Property's mission of helping homeowners turn their property into an investment that they can be proud of.