Mortgage News
Tips for first-time landlords
Taking on a renter is a great option for those who want to pay their mortgage off faster. However, it is a great responsibility requiring a lot of research.
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Acquiring a tenant can be a terrific way to pay your mortgage off faster, or give you some extra room in your budget. Becoming a landlord is a full-time responsibility, and requires a great deal of research and preparation. This blogpost references an article from the Globe and Mail, giving a good basis for anyone looking to rent out their basement.
From finding the right tenant and pricing your rent properly, to knowing the legal and tax implications of having a rental suite, this article is a comprehensive guide for anyone starting the process.