Some of you in very expensive parts of the country should definitely consider getting a roommate and/or renting a room in your house—or maybe even your basement, depending on your circumstances. You might say, "I don't have a house, I live in an apartment."
If you rent, you obviously first want to check your renter's agreement and find out if your contract forbids you from having a roommate. You don't want to create a nasty situation with your landlord by breaking the rules. But if your landlord is fine with it, then having an extra person in your house means having another individual to shoulder the cost of rent and utilities.
If you own your home, the decision is yours to make. You can figure out which room might be best to rent out, or see if a basement or attic could be readily converted into an acceptable (read: up to code!) living space. Taking on a tenant would provide you with a steady stream of cash month after month. In high-rent sections of the United States, this could be an especially attractive option because other people who want to be on their own may not be able to afford a whole apartment, but could swing paying for a room in your house.
If taking on a tenant full-time seems like too big a task, perhaps you could consider renting out your place on a temporary basis. For instance, you might rent out your place if you're away for the summer. You could lease your residence during the holidays or during a busy travel season. Many travelers from foreign countries often go through vacation exchange networks online to find people willing to rent out their homes or apartments. So if you're in an area of high demand, like Florida, New York, or California, take some time to investigate this option.
Believe it or not, many foreign visitors—because they have kids perhaps—would refer to be in a more residential neighborhood as opposed to staying in a hotel in a busy commercial district.
Article Title : Get a Tenant
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