5 things to know before renting out your home

5 things to know before renting out your home

Becoming a landlord is a big responsibility. But with today's interest rate environment, renting out part of your home can be well worth the time and maintenance.

A rental property can be a lucrative investment opportunity. With interest rates on the rise, your mortgage payments may be increasing. To help alleviate some of that added financial pressure, renting out part of or all of your home might make sense.

About the author

Inspiring travel writers at Western University, Melanie also cycles the globe looking for her own adventures to write about. Cycling across Japan and completing a nine-day mountain bike stage race in South Africa are a few stories she's written for Canadian Cycling Magazine. Read her work at www.melaniechambers.ca, and check out her podcast at www.outtherepodcast.com.

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H.G. Watson is a writer based in Toronto. Her work has appeared in Chatelaine, Vice, Flare, Maisonneuve, The Walrus and more. You can find her at @hg_watson on Twitter.

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