Vacation rentals are Short Term (One Week)
Teska has two projects to choose from:
1) Haliburton Pines
2) Simcoe Woodland
Investors can purchase a unit that must be placed in the Rental Pool. The Pool is managed by
Teska Rentals Inc., who market the units, secure the Vacationers who rent the units by the
week and, at the end of each week, clean, change the linens, etc. Teska Rentals Inc. also
performs general maintenance such as gardening and snow removal, collects the rent, pays the
bills for each unit and remits the balance to the owner.
The fee from the rental company is 25% of the rental income. Rents average about $3,000 per
week for monthly gross revenue of $12,000 per month per unit.
Owners make money from the monthly cash flow, the Renters paying down the mortgage with
their rents and by Capital Gains on the unit when sold. Owners may sell the unit at any time
with the new owners benefiting from the same arrangements.
A truly lucrative and passive investment!
A chart showing revenue, costs and net income are available for each project.
Please contact Mr. Stephen W. Tunks and 613 257 9751 or stephenwtunks@teskadevelopment.com to discuss
details.
Teska Development creates inviting communities where people want to live, work, and play.
Most of our communities are designed to offer long-term leases (one or two-year leases), while some provide delightful short-term accommodations in and around vacation paradises.
Our information packages include project descriptions, floor plans and plate layouts, once a builder is engaged to build a project, investors can reserve a unit with a reservation fee, which can later be converted into an agreement of purchase and sale with the builder.
Investors can earn money through positive cash flow from rent, mortgage pay down by tenants, and capital gains upon selling. Typically, investors double their original investment within five years. Investors own a secure real estate investment that they can sell at any time.
Our planned rental income projects include:
- Nimigon Lakeview
- Cardiff One
- Highlands
- High Street Landing
- St. Patricks 1 / St. Patricks 2 / St. Patricks 3
- Montreal Road
Please see below to navigate to the projects page.
Office:
OTTAWA: Suite 101,110 Didsbury Road, Kanata, ON, K2T
TORONTO OFFICE: SUITE 303-9011 Leslie St. Richmond Hill, ON, L4B 3B6
Call +1 (647)-424-2233
Email:info@teskadevelopment.com
Site: teskadevelopment.com