Home Set as Homepage Add to Favorite Contact Submit  
             20 October, 2014
 
search for
 
 
 

Categories
Arts & Culture »
Automotive »
Business »
Career »
Communications »
Computers »
Entertainment »
Family Concerns »
Fashion »
Finances »
Food & Drinks »
Health & Fitness »
Hobbies & Crafts »
Home & Garden »
Home Based Business »
Home Management »
Internet »
Kids & Teens »
Legal »
Marketing »
Marriage & Wedding »
Parenting »
Politics & Government »
Real Estate »
Recreation & Sports »
Reference & Education »
Relationships »
Religion & Faith »
Science »
Self Improvement »
Shopping »
Society »
Travel & Leisure »
Womens Interest »
Writing & Speaking »
    
Category:  Articles » Real Estate » Apartments and Rental

 

Tips To Get Most From Renting A Room

Popularity:
         Views: 940
2007-08-20 11:57:59     
Article by Sumit Bhatnagar

Renting your spare room out to a lodger is a good option to help pay for your mortgage.

Following are certain tips that can help you to get most from renting a room:

• It is advisable to meet the person before renting a room. A short introductory meeting with the person can help you in deciding whether or not you would get on with the person.

• This introductory meeting offers you an opportunity to ask relevant questions such as those regarding their spouse, family, job profile, working hours, other habits, etc.

If you do not meet the person before renting a room, you might have to regret later. If you find difficult to get on with that person at a later stage, it might get difficult and embarrassing for you to get rid of him at that time.

• Clear ground rules should be set right from the start. For instance, if you do not want the lodger to allow people for an overnight stay in his room, state the same at the outset. If you want the lodger to refrain from smoking or taking alcohol inside the house, make your point clear in the very beginning to avoid issues later on.

• However, it is advisable to be patient and tolerant of small things. You are being paid by the lodger and constantly enforcing small rules can make it less harmonious to live with a new person.

Bear in mind that the income from renting can help you pay your mortgage and therefore, you cannot afford to let the current lodger leave. Searching for a new lodger who would hopefully abide by the rules and regulations set by you, will lead to wastage of time and money.

• It is good to have a written agreement signed. A sample contract agreement can be obtained online. Do not rely on verbal agreements. They are legally invalid. The written agreement should include a statement about stipulation of monthly income, and how much notice is required to break the agreement on either side.

• Advertising plays a major role while renting a house. Advertise in the best selling newspapers, best places as well as online.

• Finalize a fair market value after carefully analyzing the market rent. Do not be greedy, or else, it will become difficult to find a lodger. If you fail to get a tenant, you will lose the rent money.

• On the other hand, if you manage to find a good tenant, you will not only get then rent money but also an opportunity to make a new friend.

To conclude, as the people you live with greatly influence the quality of life, it is always advisable to wait patiently till you get a suitable lodger to move in.

Leasing and Renting versus Buying - Answers From a Las Vegas Buyer Agent - leasing and renting

Specialized in: High - Rise - Realtors - Vegas
URL: http://www.onlineloanofficers.com
Print article      Bookmark this page
Related Articles 
Negotiation Commercial Lease Terms (Popularity: ): Nearly all businesses must go through many of the same things to get started. The decisions that the business owner makes at the beginning can often make or break the success of the company. One task that must be done before any business can be done is leasing a space. While this may seem elementary, it is in fact an important part of the process. If you just take the ...
Pet-Friendly Apartment Living (Popularity: ): Check the Rules FirstBefore you move into your apartment with your pet, always check with your landlord and your city department first to see if there are any rules and regulations you have to follow. Some cities and municipalities have specific by-laws that may require you to leash your pet at all times or limit the number of animals you can have in one residence.In addition, some landlords have their ...
Protect Yourself Against Unprofessional Landlords (Popularity: ): Bad landlords are an unfortunate part of many renters' lives, but there are ways to protect yourself from their poor manners, lack of ethics, rudeness and lame excuses. A nasty or difficult landlord makes you really appreciate finding a better place to live, with highly professional rental staff. It pays to be careful when you find an apartment that you like. Interview the landlord and see if this person is ...
When are Executive Suites not Expensive? (Popularity: ): The answer is simple. Executive suites are not expensive when they are not executive suites. Does that sound confusing? It is to a lot of business people. But you need to understand what the terms 'executive suites' or 'executive office space' really mean. This is particularly true if you are: Looking for temporary office space that has the prestigious look of traditional executive office space without the price tag. You want ...
Long and Short Term Leasing (Popularity: ): Letting Options - Which is better, short-term or long-term?Having made the big leap and bought your buy to let property, one of the first questions you will have to consider is whether you are going to let it on a short-term or long-term basis. So what exactly are the pros and cons of these options?The decision about whether to let on a long-term or short-term basis is entirely a strategy ...


Related Business 
Interior Designing Tips (Popularity: ): Go for interior designing tips while deciding room interior designs, room designs such as kid’s room design, bedroom designs and living room designs. This site is an effort to provide helpful advice to enhance your space. Most of these tips are recommended for Indian living requirements, although they also find universal application across the world.
Renting Made Simple (Popularity: ): Rental industry experts share tips for renting including help for tenants, rights and screening, renters insurance, apartment living, how to rent, return of security deposits and pet issues. Our focus is creating a simple, step-by-step renter information hub for before you rent, while you rent and at move out.
Ventajas Renting (Popularity: ): At this stage it is safe bet and not risk too much and that resources are conspicuous by their absence. Renting is an excellent option to combat this lack of security in the purchase of fleet management for the company.
Home Decorating Room By Room (Popularity: ): Home decorating guide for kitchen, living room, bedrooms and more. Includes info on window treatments, home organizing and color tips. To Develop Creative Home Decorating Skills, follow this step by step home decorating course using the free online home decorating workbook.
FurnitureShoppers.com (Popularity: ): Furniture for every room of the house including dining room, living room, family room, bedroom and office.
Truck Renting and Leasing Association (Popularity: ): A national trade association for the truck renting and leasing industry fostering a positive legislative and regulatory climate within the USA.
MCX Tips | Commodity Tips | NCDEX Tips | Intraday Tips | Bullion Tips | Gold Tips | Silver Tips | MMF Solutions (Popularity: ): At MMF Solutions, we are offering 99% assured mcx tips, commodity tips, Intraday tips, gold tips, silver tips, bullion tips, ncdex tips,daily profit tips, commodity trading tips, crude oil tips, basemetals tips, zinc tips, lead tips, Intraday as well as delivery calls in Stock cash and F&O in NSE & BSE
RoomsByUs.Com (Popularity: ): Furniture and accessories for the bedroom, dining room, living room, home office, kids room, home bar and game room.
Basics Room Design Tips (Popularity: ): Learn the basics of designing in your room including disability and décor. If you're like me, you already know what you like - one of my favourite pastimes is paging through various magazines featuring decorated interiors - and then mentally redoing my home in the styles I find appealing. I feel that when you can already identify what pleases your eye then a professional qualification isn’t going to tell you ...
Wet Room Supplies (Popularity: ): Browse firstclasswetrooms.co.uk for the best wet room; shower cubicles, bathroom products etc at low price! We guarantee you'll see something you'll love it. First Class Wet Rooms. For all your wet room supply needs, you can buy online or contact us for advice from one of our wet room experts. We would be happy to advise you on the best wet room to suit your family needs.


 
 
Home | Top | Set as Homepage | Bookmark this Page | Privacy | Banners | Contact | Submit Article
© 2003-2010 ABC Directory. All Rights Reserved