Pros and Cons of Renting Your HOme

In response to tough times, you may be thinking about renting out your home. There are plenty of positives.

However, if the renter does something illegal in your home, you are held responsible.

Most people who rent out their homes only think about the payments coming in. Suppose your renter pays $600 per month but causes damage that cost you $2,000 to repair.

Before renting, contact at least 3 real estate agents who find renters for homeowners. Find out what their fees are. How do they look into the renters to determine if they are even responsible enough to consider.