How to Rent A Room In Your House to Make Extra Money in 2023

The population of the United States continues to grow every year as more individuals flock to the U.S.

The demand for rental housing increases with this growth. If you own a home and want to make some extra money every month, here is a guide on how to rent a room in your house.

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.

Renting a Room vs. Renting Out a House

Renting out a room in your house requires even more scrutiny of potential roommates because you share a home with them.

Price Your Room Competitively

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

1

Be Specific in Your Room Advertisement

A roommate ad should support your desire to find the perfect roommate and spell out the specific characteristics and attractive traits you want in a roommate.

2

Ask the Right Screening Questions

Prepare several questions to ask them to get a sense of who they are and if they would be a good fit for you.

3

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