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More and more people today are finding themselves in a situation they didn’t plan for — suddenly owning a second property.

Maybe you inherited a home from your parents. Maybe you’re moving and considering keeping your current place as a rental for extra income.

If you've found yourself in this situation where a House has Dropped in Your Lap… What do you do next?!

In this episode of Real Estate in Edmonton, we break down what to do.
We walk through:
• The first steps you should take before making any decisions
• Whether it makes sense to keep the property as a rental or sell it
• How to determine if the numbers actually work
• The real costs of owning a rental property (including the ones most people miss)
• How much work is actually involved in becoming a landlord and we also talk about why inheriting a home — while it comes with decisions — can be a great opportunity to build long-term wealth when approached the right way.

This is something we’re seeing more often today, especially as families navigate through a time where more people are transitioning into seniors living and passing properties down to the next generation than ever before.

Whether you’re dealing with an inherited property, thinking about becoming a landlord, or just exploring your options — this episode will help you make a smarter, more informed decision.

Real Estate in Edmonton — where we talk real estate and real life.
Hosted by:
Devin Gray – Realtor with EXP Realty & Mogul Realty Group
Tracie Gray – Professional Broadcaster, Event Emcee & Real Estate Investor

Thinking about selling, renting, or investing in Real Estate?
Reach out anytime — we’re happy to help you navigate your options.

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🎙️ ABOUT THE HOSTS

🏡Devin Gray is a professional REALTOR® with eXp Realty and Mogul Realty Group in Edmonton, Alberta. Born and raised in Edmonton, Devin specializes in helping families, homeowners, and real estate investors make smart real estate decisions. He is also a real estate investor, speaker, and host of the monthly Mogul Mastermind investor networking event.

💃Tracie Gray is an award-winning broadcaster, emcee, actress, producer, and on-air personality. With decades of experience in radio, television, live events, and media production, Tracie brings her unique perspective, storytelling ability, and passion for Edmonton to every episode.

Together, Devin and Tracie host Real Estate in Edmonton — where we talk real estate and real life. Each week, they explore Edmonton's housing market, local businesses, community events, investment opportunities, and the stories that make Edmonton one of Canada's most exciting places to live, work, and invest.

📍 Thinking of buying, selling, investing, or relocating to Edmonton?

Connect with Devin Gray:
devingrayyeg@gmail.com

🎧 Subscribe for weekly episodes covering:
• Edmonton real estate market updates
• Investment strategies and opportunities
• Local business spotlights
• Community events and developments
• Lifestyle and neighbourhood insights

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