Renting out a room in your apartment is a great way to make some extra income. If this is the first time you are renting out any type of room or space, you may be feeling a bit overwhelmed regarding the whole thing. But, there is no need to fret, as we have put together a simple step-by-step guide.
The first thing you need to do is advertise your room on the Internet. There are numerous websites that enable you to do this, some of which allow you do so free of charge, at least for a limited time. Once you have done this, you should hopefully get numerous people who are interested in renting out the room. You then need to vet your potential tenants. Conduct the necessary checks to ensure they can afford the rent and to make sure they haven’t had any bad rental experiences in the past. Before renting out a room, you also need to write an inventory of everything that is in the room and any existing damage. Make sure the tenant agrees to this. Next, set some ground rules. Make clear what you expect from your tenant from the outset. You may think it’s common sense that you don’t want them coming in at 4 am every Saturday morning, but unless you say so, they may assume otherwise. Aside from this, you need to request a deposit, inform your insurance supplier, and check your council tax. You are entitled to a 25 per cent reduction on your council tax if you live alone, and so you will no longer be entitled to this when you rent a room out.
The only thing you need to do now is head to Bellrooms Ltd, https://www.bellrooms.com/, where you can start the process of renting out a room in your apartment. Simply enter the details about the room, and then the listing will be posted on-site.