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How to screen a tenant in Canada | find the best tenants!
Selecting a tenant can be an intimidating prospect for new real estate investors. After all, these are the people that will be responsible for the daily care of your property, and will be the people that you depend on for the success of your investment. If you happen to own a duplex or larger, your decision will also impact your other tenants that will have to share a wall with them. It is an important decision, and one that is critical to get right.
Is renting out your basement right for you? (what no one tells you!)
A basement apartment can be an incredible source of secondary income, but how do you know what it will really be like to be a landlord inside of your own home? You will have to consider privacy and noise, hidden expenses, and the mental shift from being a part of your family home to a business that you now run.