Episode 128: Maximizing Property Use and Finding Great Tenants with Cindy Wennerstrom

Here’s What You’ll Learn in our Interview with Cindy:

• How has COVID impacted the rental market
• Working with a tenant that is struggling
• Knowing your 'end goal' for real estate investing
• And much, much more!

As a thriving young individual in her early 20’s, Cindy Wennerstrom was ready to move out of her family home but knew renting wasn’t for her.  Buying was in her blood.  At 24, she had purchased her first investment property and home in Sudbury, ON where she legalized it into a duplex and rented rooms in the largest unit to students while she lived upstairs. Using the income, she paid for her masters degree and became "school-debt-free" within 6 months of graduating! (BA in Law and Justice in 1995 and an MBA in 1998). When a career opportunity relocated her to downtown Toronto a few years later, the game was on for her to begin looking for a rental unit for the first time. However, like most of us, she had trouble finding a decent place that would accept her aging cat.  Eventually she did and within a little over a year she bought again… and then again…. Upgrading from a condo to a real "bricks and mortar”, the second home was a perfect opportunity for a basement tenant allowing her to landlord yet again.  These past rental and landlording experiences set the bar for the eventual inception of Oro Properties. In 2010, after building her own investment portfolio, Cindy formed Oro Properties, a boutique real estate investment firm in the Greater Toronto Area where Cindy offers general consulting to anyone wanting to become a real estate investor or who needs advice renovating to maximize cashflow. Cindy immediately realized her investor clients had a spin-off requirement: finding gold standard, reliable tenants. Oro Properties’ Tenant Find Services Division was born, initially with a focus on Toronto and later expanding to SE Mississauga & downtown Brampton. Fulfilling the promise to herself—and her cat—the company will only represent rentals that are smoke-free, lovingly maintained and for the most part, pet-friendly! After a few years in the business, and with more than 11 investment properties to her name, Wennerstrom could retire but declares that; “when you find what you love to do, you can’t stop.” “It’s not about money; it runs deeper than that. It’s about having a product you’re proud of and purpose you’re passionate about,” says Wennerstrom. Get In Touch With Cindy: Website: https://oroproperties.ca/ Email: [email protected] Phone: 647-261-4676