It is not an easy task to rent out a room of your house. It takes much effort in finding out a right tenant. If you will not pay attention in the process of selecting the right person you can be fooled easily. You should be smart and clever enough to do this task efficiently. As we know that "Precaution is better than cure" so before renting out a room to any stranger you should take some precautions. In today's world, everybody wants to earn as much as he or she can so renting out a spare room is just a way to make some extra money easily.

We have tried to list out some points which you can follow while putting your house or room for rent.

1. Prepare Your Home.- First thing you need to decide which room or rooms you’ll rent. Tenants are more choosy at such times, because of the increased availability of rental homes, their expectations are much higher. Prepare for the new tenant by thoroughly cleaning your room which you want to give on rent and making sure all electric switches, lights, fans are working and are in good condition. If you have decided to rent out just a room or an area within your house, make sure that you can secure that area from the rest of your home.

2. Rent - After prepare your room, now the next and one of the main task is to figure out what to charge from the lodger. The rent should be reasonable. Don't charge high or less. Charge, according to your locality price. You can also consult nearby property dealers and neighbours in figuring out the correct and reasonable rent amount you can charge from your tenant. Reasonable rent always attracts customers. The amount of increase in rent and from which date should also be made clear. The mode of payment, whether in cheque or cash, plus the date of payment, is also important. Any interest to be paid in case of delayed payment should also be stated clearly.

3. Advertise Your Room - After figuring out the rent, your next step is to advertise your room so that you can attain lodger's attention. You can do this by taking the help of advertisement through your local newspaper, local magazines and lots more. Your family or friends can also help you in finding out a right tenant for you. Advertise digitally like you can create ad posting on various website where you post your rooms pictures also.

4. Check Background - After finding a tenant try to check out their background. You have to collect some basic information about the them, like where he works, from where he belongs to, a little about their family, where he is staying right now, is they pay rent on time on not, some things like this and if any other Information required, you can check out their original documents , identify card for more accuracy.

5. Time Period - Decide for how much time you want to let your room to be rented. In your written agreement you have to mention for how much time you want to give your room on rent like for 6 months or for a year as per your convenience.

6. Decide Some Basic Rules - Decide some basic rules which your tenant has to follow so that there would not be any quarrel or tension in future between tenant and landlord. It would be useful to put down in writing what your expectations are right from the start, but expect to have to compromise a little too. You should let them know your preferences in advance to avoid disputes. If you don't want them to play loud music, come late at night , have pets or something like that, you should clear these things before renting your room.

7. Income Check - It seems to be a tedious and challenging task, but it is crucial to check lodger's income. You should request for documents that show the proof of lodger's actual income. It sounds weird but it is as important as other things are in the process of renting out your room to a right and trustable person.

8. Rent Agreement - It's a vital legal document that should be completed prior to landlord renting property to a tenant. In a rent agreement conditions like time span, rent amount are mentioned under the acceptance of both landlord and the tenant. Always indicate in the agreement that how much percent of amount tenant has to pay for water, electricity and maintenance charge as well.

The essential tool in making this agreement a happy, supportive one for all concerned is communication. Keep up a discussion with your tenant, so you have a relationship with him/her. This creates an atmosphere of openness where mutual respect and consideration can grow
Finding a wrong tenant means living with a wrong person and putting yourself into trouble. Take precautions and be safe. We hope this information will be helpful.