The price of rent is only one of many costs you need to factor into your budget when choosing a property to rent. Here is a list of additional expenses to think about before you decide to move in.
Before you can lease out your basement to tenants, it must pass certain legal specifications to be deemed habitable, including fire and electrical safety, zoning by-laws, building codes and other municipal requirements.
Location means everything in real estate. To make sure you are investing your money wisely, look for homes in a good neighborhood with access to public transport and low crime rate.
Much like any arrangement that mixes business and personal life, renting to family or friends has the potential to cause disputes if you do not set rules and expectations from the beginning.