Renting Out Your Vacation Property?
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Chances are, most Canadians won’t be flying south this winter for a sun-soaked holiday so they may be looking for domestic vacation rental properties. If you own a cottage and are considering renting it out for the holiday season or the entire ski season, this is a great time to do so, says HGTV’s Income Property and cottage rental expert Scott McGillivray.
“Right now, more than ever, with international travel at a standstill, domestic vacation properties are at a premium,” says McGillivray. “It’s hard to ignore the size of the opportunity and the rental rates you can generate.”
However, if you’ve never played landlord before, you’ve got some homework to do first. We asked McGillivray for his best advice on how to protect your home, your stuff…
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