This is a great article by Toronto area lawyer, Mark Weisleder about some good practises to help avoid problems when renting your investment property. One of the most costly problems a landlord can face is becoming involved with a professional tenant.
Over the years in real estate I’ve heard countless stories from both landlords and tenants about how the system can be unfair, and how they were taken advantage of. In his article Mark points out that for every one of these stories there are a dozen stories of how great an arrangement was. To learn more about how to ensure you as a landlord end up with a model tenant check out his article. While nothing is 100% certainly following his advice will improve the likelihood of everyone walking away happy.
Photo courtesy of Moneyville.ca