Advice on renting out my place?
I'm moving in with my girlfriend shortly but would like to keep my place and rent it out. It's a 2 bedroom older townhome condo with an unfinished basement in Glamorgan (SW Calgary near Westhills).
Can anyone share any opinions/advice on the following:
1) Getting help drafting a rental agreement?
2) Is there a way to get around foregoing the principal residence exemption from capital gains tax?
3) General tips on the accounting/financials involved with renting out.
4) How do I find out how much I can get for my place?
5) I would leave in it an entertainment centre unit, 4 person dining room table set, washer & dryer, stove/oven, fridge, microwave, dishwasher...how much value does this add?
6) perhaps most important - general renting tips from the CP wealth of knowledge???
Cheers all!
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