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AMANDA KNIGHT: Rent cap a vice-like trap for landlords in Nova Scotia

Amanda Knight lives in Pictou County and continues to own rental properties in Colchester and Pictou counties, having recently sold her building in Colchester County. She is a member of the board of directors of the Investment Property Owners Association of Nova Scotia.

Earlier this year, I decided to sell one of my multi-unit properties, as I can no longer afford to cover housing costs for my tenants.

Over the last few years, I have enjoyed buying older properties in Colchester and Pictou counties. I put a lot of time and energy into them — starting my days around 5 a.m. and ending them around 8 p.m.

Fixing up run-down and abandoned homes to provide safe, clean housing options for people in rural Nova Scotia gives me a great deal of personal satisfaction.

When I chose to get into housing, my business plan was based on making enough money to cover my costs and set money aside for repairs and ongoing maintenance. …[Read More]