Seaside real estate is always in demand, much more so than Paris, Ontario real estate. People will jump at the chance to live in such a property, even if it's only for a few weeks or months. If you're going to be away from your seaside home for a length of time and you want to make some extra money, leasing out your property can be an excellent option. Before you do so, however, make sure you do your research on the subject. You can start by reading our tips on leasing out your home.
Use an intermediary
If you're going to be leasing your property out to strangers, it can be difficult to tell whether they're trustworthy enough to be left with the care of your home, even if it's only a small flat in UWO off campus housing. The best way to find trustworthy tenants is to list your home with an intermediary, like a rental agency. This will cost you in fees but the reward will be peace of mind, as the company will be empowered to do better and more thorough checks into the tenants and have the clout to prosecute if anything goes wrong.
Get to know your tenants
Especially if you're renting your home out without the assistance of an intermediary, it's important that you have a working relationship with your new tenants. Make sure to meet them in person and to ask them enough questions for you to make out their character. Perhaps even visit their home in Islington Village to make sure they really do live there. In some cases it's preferable to rent out to people you already trust - friends, family, co-workers. In lieu of that, aim for people recommended to you by people you trust.
Clear out valuables
Regardless of who you're leasing your home out to, whether it's family or a stranger, you should clear your important personal belongings out of the house. Anything you couldn't stand to lose or can't be replaced, as well as anything that might be a tempting target for less scrupulous tenants, such as family photos, heirlooms, jewelry, and small electronics, should be removed from your Liberty Village condos and placed in storage or in safe deposit. Obviously some items, such as televisions and DVD players, are appliances and should be left in place for the tenant's use.
Insurance
Check with your insurance company to make sure your policy covers leasing the property out to others. You don't want to be stuck paying for repairs caused by tenants or replacing your own stolen items. You might end up putting the home on the Windsor, Ontario real estate listings since you can no longer afford it.
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