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DownhillGoat · 02-27-2015, 12:09 PM

I know there's a few guys in here that have rental properties so I was hoping to get some collective CP wisdom.

Looking to rent out a room in my place to help out with the mortgage and basically just looking for any tips, advice, things to watch out for etc.

Although a few specific questions:

-Is a single room taxed at the same rate as income? Not sure if it's different if it's just a room instead of the entire property.
-Also tossing around the idea of selling the place all together (doubtful, but a thought). Can the rental agreement be broken if I sell it or would I have to wait until the rental term ends?

Thanks in advance.

02-27-2015, 12:09 PM	#1
DownhillGoat Franchise Player Join Date: Jan 2010 Exp:	Room rental advice I know there's a few guys in here that have rental properties so I was hoping to get some collective CP wisdom. Looking to rent out a room in my place to help out with the mortgage and basically just looking for any tips, advice, things to watch out for etc. Although a few specific questions: -Is a single room taxed at the same rate as income? Not sure if it's different if it's just a room instead of the entire property. -Also tossing around the idea of selling the place all together (doubtful, but a thought). Can the rental agreement be broken if I sell it or would I have to wait until the rental term ends? Thanks in advance.