Mortgage Helper

Tired of paying rent?   Have enough money saved for a down payment?  Why not buy a house and let someone else pay your mortgage?

Whether you are just starting out, want to pay your mortgage off faster, or would just like some extra cash in your pocket, creating a second apartment within your home is a great option.

The first step is ensuring that you have a proper space to rent out.  Many people spend a little extra money finishing their basements and once it is rented they get that money back quick, add value to the house, and then start to make extra money.

Keep in mind, being a landlord isn’t always as easy as it seems.  Finding the right tenant or tenants is key.  If you have a good tenant, your home will be kept in good shape, your rent cheques will be on time, and other than that you will barely even notice that they are there.  However, if you get a bad tenant, your home could endure severe damage, they could be noisy and annoy your neighbours, and getting your rent could be a hassle.  Sometimes it is hard to tell what type of tenants people are when you meet them.  Therefore it is important that you do your homework, or get a realtor® to do it for you.

Using a realtor® in renting out your home is a great option that keeps it simple for you.  They will market the rental to ensure it will be promptly filled, will prepare a detailed contract that protects you as a homeowner and landlord, and will screen any applicants for you.  Your realtor® will verify employment letters, credit checks, bank statements, references, and talk to their previous landlords to try and find you the best tenant possible.

If you would like to rent out your house or part of your house as a mortgage helper now, please don’t hesitate to contact me and I will be happy to assist you.

Sincerely,

Astra Mulawka
Sales Representative
Better Homes and Gardens
Real Estate Signature Service