Renting out a room

OCMan_IHB

New member
If someone's thinking about renting out an extra room in one's house, is it going to be month to month or is lease one of the option? Checking credit, I think, would be automatic but would checking background or empolyment verification be too much for $400 to $450 a month room? Am I an idiot to even ask this qeustion because this kinda of lacking due diligent on bank/lender/investors got us into this mess from the first please?



All sarcasm aside, I would like to get a concurrence from fellow bloggers since my parents are planning to rent out extra bedrooms. Thank you.
 
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