Rent a Room in Your House: Follow These 5 Steps for Maximum Protection

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Having a rental property is very different from renting a room out in your house. When you rent out a room, you will be sharing space with this person. Conversely, you do not live with your tenant when you have a rental property.

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Renting out a room in your house requires even more scrutiny of potential roommates because you share a home with them. Many of the same guidelines apply to rental properties and room rentals, yet significant differences exist.

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Before you decide to take in a roommate, you should research how much money you can charge for rent.

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Ask the Right Screening Questions

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Having roommates who live in your house is not easy. Even when you have years of experience, you will always be learning more about human behavior and being a better roommate.

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