How to rent a room in your home? It’s pretty simple if you have the benefit of knowing how to rent a room in your house. Use these 10 guidelines to assist you to rent a room in your home: Check your local landlord-tenant codes. There might be local regulations about renting rooms in your house like the rules that govern renting a home to short-term rentals like vacationers. Check the building codes for sanitary standards and fire safety measures in your area.
Look into the facilities that are available at your home. Consider renting a room that has air conditioning or a fan in it. These can help make the temperature in the room more even. When it’s warm, you can comfortably stay in the summer months with the help of air conditioning. The same applies to a rented room in the winter when the heating system is set on low.
Be conscious of how many people will be using your rental space. If your house is big enough, you can have an extra bedroom that is used by family members or friends when they come for visits. If there are kids in the house, you can have them share the bedroom when they come to visit you. This way, you don’t have to look for extra sleeping space when you’re not using it.
Write a lease agreement. Before signing a lease agreement, be sure that you and your tenant both understand the terms of the rent. It is advisable to get the help of a lawyer to look into the details especially if there is a question of what legal liabilities or benefits the tenant might enjoy when renting the house. A lease agreement should also spell out the due dates for utilities such as water, electricity, heaters and the like.
Know how to furnish the room. Depending on the size of the tenant’s room, he might ask you to provide him with certain personal belongings that he can keep in his private bathroom. Inform the tenant of the right things to keep in his private bathroom so that he does not end up having to rent a separate room just for his bathroom stuffs. For instance, if you are providing a private bathroom but the tenant insists on using it only for taking baths, you may have to rent a bathtub or shower room separately from the other areas in the house. Be cautious of the type of furniture you choose for the room as well since it will determine the type of utilities the tenant can use.
Know how to calculate your monthly rent payments. Calculating how much you should pay on a monthly basis depends on a lot of factors such as the size of the rent received, the number of people staying in the house, the location of the property, the average rent per month, and the vacancy rate of the property. Be sure to calculate accurately the amount of money you need to pay on a monthly basis for your tenant. You can also add a few dollars on top of your monthly rent to make it slightly more affordable to the tenant.
Give proper notice before letting the tenant move in. Most rental agreements allow for at least three months’ notice before you would be forced to let the tenant move out. Some properties require at least one month’s notice. It is best to get this kind of notice before you even think of letting the tenant move in. This will give you enough time to prepare and organize all the necessary paperwork and other details regarding the lease agreement and the new living space of your tenant. If there are any damages to the property caused by the tenant, this will also need to be taken care of before the next tenant moves in.
Use the right temperature for your tenant. A room rental agreement should specify if you can set a specific room temperature or not. If you want to be flexible, you can mention this in the contract to let the tenant know that you can afford a certain temperature during the day and that you would appreciate it if they would set the room temperature to accommodate yours. If you are thinking of using automatic heat removers, it is best to consult with the manufacturer on this matter.