As the economy is preventing more buyers from owning their own home during these unprecedented times, many are turning to rentals for a place to live. Despite facing their own challenges, landlords in Calgary, Alberta are hoping to capture this market.
Being a landlord is a fantastic side-business to have, because it allows you to make the most out of the property (or properties) that you own. Renting out space to a tenant is an excellent way to pay off your mortgage, make extra money for other endeavors, and keep your property occupied and, hopefully, well looked after. There are downsides to being a landlord too, but here are three tips for renting out your home:
- First you need to make sure that the space you want to rent is habitable. There