If your cottage is like most, it’s a place for relaxation, traditions, and family memories. Which means “income property” might not be the first phrase that comes to mind when you think about summers at the lake. But there might be no better time than now to change that.
The best part of renting out your cottage is that you can do it on your own terms. You can choose when to rent, whom to rent to, and which spaces and amenities you’ll make available. More importantly, you can set your own price, and you can stop renting it any time you want. And all of this control makes renting your cottage a viable financial opportunity in today’s sharing economy.
That said, it’s normal to be wary of sharing your space. To help alleviate those concerns, we spoke to the short-term vacation rental experts at CanadaStays, who offered the following tips to help you rent out your cottage with confidence...Read More