Months come in and go by, and you only manage squeaking on the mortgage payment. Even after that you are in anxiety that next month will be there within no time. There is, however, something that can be done. Instead of risking your apartment to the foreclosure, you can think about choosing to rent a room out to someone as this can be helpful for you to make your ends meet. Though, it may apparently look drastic, it used to be a common practice years ago. Taking the boarders can prove to be helpful in paying your bills as well as ensuring the survival of your family. If you are living in one of the best apartments in Keller TX and want to rent out one of the rooms in the apartment, you can do this easily while ensuring that your family’s safety and your silverware stays intact. Here are some things that you can do to ensure that you remain comfortable with this boarder situation.
Before anything else, you should first identify your room/rooms that you are going to give on rent. Rooms that have access to a separately attached bathroom will be able to earn you more rent compared to congested smaller bedrooms. In case if the cash is needed, you can even think about moving to some smaller room within your apartment and giving your private bedroom on rent.
If you don’t have any exact idea on how much the other apartments or rooms are getting in terms of rent in your area then you can search it through the online resources and this will give you an exact idea on what could be a reasonable amount for rent in your area.
Get the services of the local newspaper for posting an ad about your vacant room, however, an even better option would be Craigslist. When the ad is being created, make sure to specify the room and if you can add some pictures to your ad then it will prove to be helpful for you in getting more response from the potential tenants. You also need to be clear about the sort of access you’ll be offering your tenant to the kitchen, backyard, and the bathroom.
Make a proper set of rules and a lease agreement that will have to be signed by the tenant before he moves in. This will make everything clear between you and your tenant and there won’t be any issues in the end. Before renting out your room, make sure that you meet the potential tenants personally and do a background check for them. This will allow you to make sure that you are renting your apartment’s room to some credible person who will pay the rent in time and will also not create any issues for you.