If you’re having trouble making your mortgage payment or if you could just use some extra cash, you might want to think about renting out a room in your home. You’ll want to make sure that you do things right if you do rent out a room so that the process will be that much smoother and pleasant for everyone involved.
Take a good look at the rooms in your home to see which will be good to rent out. Basement apartments and private bathrooms will more than likely go faster than any other kind of arrangement. You might also want to think about moving out of the master suite if you’re in dire financial straits.
Get a good idea of what the rent is like where you live. Consider amenities, upgrades, location and square footage of your space when deciding whether or not you should charge more or less than the current local rent.
While you can always take the old fashioned route and place your ad in the local newspaper, you’ll probably have better luck positing your ad online. Be sure to include clear and recent pictures, what the tenant will have access to in terms of parking, kitchen and bathroom and any rules that you have.
When interviewing possible tenants, always go with your gut and run a thorough credit and background check. Be sure to call their references and ask about their employment situation. You should also write up a rental agreement isting the house rules.
Once you’ve finally found a tenant, the Jacksonville movers of All My Sons are here to help them get settled in.