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Chapter 1 PREPARING FOR A NEW TENANCY

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In this chapter, you will learn to:

• Assess your space before attempting to rent it out; have friends or family provide a second opinion.

• Make sure your property is ready before you advertise it for rent: clean, everything in working order, and all safety issues addressed.

• Renovate your rental property periodically to receive the maximum possible rent, but be careful not to go overboard because not all renovations are worth the money.

• Always bring in professionals to do any work on the property.

• Screen your tradespeople: Anyone you hire should be licensed, bonded, and have liability insurance.

Landlording in Canada

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