Discussions

Im going away for temporarily ( anywhere from 4-6 months)and was thinking about renting my house. Obviously on a temp basis. Wondering if it is a simple and easy process. I am going to talk to my home insurance broker regarding changes to policy if there is a tenant living in. Any other things I should be investigating?

This company should be able to help with things:  
 
www.homegrownhomecare.yolasite.com  
 
 
 
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Edited by IMO, 2015-08-05 23:07:48

I have to say, that site looks like a killer deal. I'm not sure how long they would stay in business with rates like that and would strongly recommend upping them.

CRP said "I have to say, that site looks like a killer deal. I'm not sure how long they would stay in business with rates like that and would strongly recommend upping them. "

Would sure need a large number of clients, that live close together, to make that profitable.

I would suggest having someone available to do property management on your behalf. You'll need to ensure that rent is being paid and that someone is available to tend to concerns that your tenant may have or deal with minor repairs or other unforeseen issues such as a lock out, etc. I've recently seen an ad on eBrandon for a local contracting company that is now going to consider doing some property management. The company is JMB Tile and Renovations. I have used their services for home improvements and if they are as good with property management as they are with renovations, they'd be a safe bet! Good luck to you

:) said "I would suggest having someone available to do property management on your behalf. You'll need to ensure that rent is being paid and that someone is available to tend to concerns that your tenant may have or deal with minor repairs or other unforeseen issues such as a lock out, etc. I've recently seen an ad on eBrandon for a local contracting company that is now going to consider doing some property management. The company is JMB Tile and Renovations. I have used their services for home improvements and if they are as good with property management as they are with renovations, they'd be a safe bet! Good luck to you "

I wouldn't recommend renting your house, there are some real issues involved here. You may get a great tenant, or you may have someone completely ruin your home, or even burn it down & liability only goes so far in compensating you for your out of pocket, plus you may have to upgrade to meet building codes, access issues,other decisions like whether you allow pets,parties,co-leasing,parking issues,who covers utilities etc., your area may not be zoned for this, your neighbours may not love the idea & your insurance company may charge you a bigger premium for third party issues.  
A friend in Yorkton,kept his house when he moved,got a tenant on a life lease & has a friend do a video inspection of the house every month or so.(so it can work but be very cautious)

I am not sure how you would go about it, but there are people that housesit. They would likely have experience with references. Depending on your insurance carrier, there may or may not need to be changes to your policy. How about a family member that could maybe come and stay on weekends and maybe a trusting neighbor to look out for your place during the week. Just a couple thoughts.