How To Rent Out Your Spare Room

Photo: johncooke

Are you interested in paying off the mortgage faster, adding some breathing room to the monthly budget, having some company or even avoiding losing the house? If you're thinking of becoming a live-in landlord by renting out one or more rooms in your home while continuing to occupy the home as your primary residence, you should first learn about the numerous tasks involved and the essential legal procedures you'll need to follow. Read about them in my Financial Edge article for Investopedia, How to Rent Out Your Spare Room.

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