Posted by Dave (CA) on December 07, 1998 at 10:21:00:
Treat this the same way you would if you were renting out a house. Collect a deposit, check references, have them sign a rental agreement, and most important, make sure this person is someone you can live with. (Are you going to live there as well?) Once you have one tenant, you should also let them help you evaluate future tenants. No sense in having one move in just so one will move out. I would also set clear expectations about the use of common areas and set up a cleaning schedule for the kitchen. Let me know if you have any specific questions. I did this for several years with little trouble, although I lived there as well. Also, I only rented out 3 rooms. I assume the more you rent the more trouble you will have.