What happens to my home

[Superbia]

Tried doing a search on this but didn't come up with anything specific. I just had a question on housing. If I own my own home at the time of being offered a job what will happen? Do I have to sell my home? I paid my grandfather for it and it's a great house on a lake lot so I'd rather not lose it. If I apply for infantry what happens to my house?

 

[JorgSlice]

Consider this, you go on vacation, do you have to sell your house just because you won't be sleeping in it for more than a week or two?

There's no requirement to sell your house or any property, but just be aware you'll be paying whatever bills and taxes on it on top of Rations and Quarters while at Basic Training. Then depending on where you will be posted, you may end up at the opposite end of Canada from where your house is located.

 

[Superbia]

I'm not paying aortage on it and I might rent it out to help pay the taxes on it I guess. Thanks

 

[JM2345]

If you have any family or good friends around the area where it is, I would recommend checking with them to rent it first. I don't know your situation, but keep in mind it is pretty hard to be a proper landlord while in the military. You might need to hire a property manager to take care of all the little things that come up. They aren't too expensive so you will still come out ahead, and you don't want to leave the house empty in case a pipe bursts or something, it is better to have people living in it so it doesn't get ruined and nobody notices for months.

 

[Superbia]

Yea, I've gots lots of family to rent and look after it. Thanks for the replies.

 

[Gunshark]

I was wondering about the same thing. Does anyone here rent their property out while being far away? I'd probably be looking to rent out my Toronto condo but I don't think I'd be able to look after the property myself, so I'd need to hire someone to do that for me. Has anyone done it and knows how easy/expensive it is? Thanks.

 

[mariomike]

I'd probably be looking to rent out my Toronto condo but I don't think I'd be able to look after the property myself, so I'd need to hire someone to do that for me.

What's to do? Your monthly maintenance pays the Property Manager and staff to look after the common elements. ( Snow and grass etc. )
As long as you can trust the people you rent it to not to cause damage or disturbance.

I've never done it myself, but you might try contacting these people:
http://www.delrentals.com/en/

You can look under FAQ / Owners for more information.

 

[JM2345]

I was wondering about the same thing. Does anyone here rent their property out while being far away? I'd probably be looking to rent out my Toronto condo but I don't think I'd be able to look after the property myself, so I'd need to hire someone to do that for me. Has anyone done it and knows how easy/expensive it is? Thanks.

Depending how many units are in your building, the best/easiest thing to do might be to put a flyer up in the lobby of the building looking to discuss it with someone. They can do monthly/semi-monthly inspections, respond to "emergencies" etc. Someone in your building might do that, or they might know someone who can do that. The other option is getting a friend or family member to do it. Condos are a lot easier because like mariomike says the main "scary" things are taken care of, and tenants are less likely to get stupid in your house because the neighbors will call the cops if they are having parties and whatever.

It's just about having someone local with a convenient cell phone number who can be reached in case something happens, and to do a walk through every 1-3 months to make sure things are ok. I have lived in my current apartment for over a year now and never needed to contact my landlord, but my last apartment I was contacting my landlord every few months for things like leaks and water problems. I can't imagine it is expensive to hire someone if you don't have a family member around to do it.

You don't need the family member to fix the sink or something by themselves if it gets super clogged, so they don't need to be a handyman/woman, but they will be the ones to hire a plumber and pay the plumber if needed. They will be the point of contact for the building manager. Things like that.

 

[Gunshark]

Thanks for the advice guys, appreciate it.