Income Property — Season 1, Episode 13: Steve

Episode synopsis

When Steve was searching for his first home, he knew exactly what he wanted: a triplex that would bring in double the rental income. For the past four years Steve has successfully rented out two units, but now his mortgage is up for renewal and in this credit crunched economy, it is estimated that tax values will increase on average by 20%. On top of this, Steve is renting out his basement unit well below the market value. Steve needs Scott’s help to update his basement suite to help offset his increasing mortgage and be able to charge top dollar for the apartment.

About Income Property

Income Property is a home-improvement show which airs on HGTV. The host, Scott McGillivray, is a home contractor and renovation specialist who helps homeowners make their mortgage payments by adding a rental unit to their house. The series premiered on HGTV on January 1, 2009. New episodes air Tuesdays at 9pm ET on HGTV US and Thursday at 9pm ET on HGTV Canada. The program was a half-hour long until 2013, when it became an hour-long show.

More episodes from Season 1

• E1More Than a Coat of Paint
• E2Do It Right the First Time
• E3Attracting the Right Tenant
• E4Procrastinating Peter
• E5Bursting at the Seams
• E6Upgrading a Basement Rental Unit
• E7Green Solutions for a Rental Unit Renovation
• E8Low-Cost Solutions for Sprucing Up a Rental Unit
• E9The Pressure's On to Renovate A Basement Apartment
• E10Earning Money to Help a New Couple Get Started
• E11A Rental Unit for a Couple Expecting Their First Child
• E12Staying Competitive in a Home With Two Rental Units