Advice on renting out rooms in the house
Hey guys, long time lurker here. I bought a 3 bed/ 2.5bath detached house in Kitchener Waterloo region recently, and I am looking forward on renting out two of my rooms for some added cashflow until I can complete my basement, after which my plan is to move into the basement apartment myself and rent out the top portion.
This is my first home and this would be the first time I would be house hacking, so I was just looking for some general advice you guys with experience might have for me. Like things to ask for to weed out the bad apples. Or just general stuff to keep in mind
I know as I would be sharing the common space and kitchen with the roommates, so they would not be protected by the residency act, so evicting a bad or troublesome roommate would be pretty easy. Also I plan to finish the basement within the next 6 months fingers crossed, so I guess a 6 month term would more ideal?
Also what would be a good source for writing up a good tenant/ roommate agreement?
Thanks in advance for the help!
This is my first home and this would be the first time I would be house hacking, so I was just looking for some general advice you guys with experience might have for me. Like things to ask for to weed out the bad apples. Or just general stuff to keep in mind
I know as I would be sharing the common space and kitchen with the roommates, so they would not be protected by the residency act, so evicting a bad or troublesome roommate would be pretty easy. Also I plan to finish the basement within the next 6 months fingers crossed, so I guess a 6 month term would more ideal?
Also what would be a good source for writing up a good tenant/ roommate agreement?
Thanks in advance for the help!