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Rent a Room to Generate Quick Cash
So, perhaps the idea of having a boarder isn't exactly appealing.
And, you do have to be careful when choosing someone to share your home.
However, if you are able to find a good match then you just might be able to create a win-win situation for the long-term.
This could ease your ongoing financial concerns as well as your immediate urgent money problem.
One good thing about this idea is that in this economy there are lots of people out there trying to find ways to save money.
So, your ability to find someone interested in share space in your home is pretty good these days.
One of the best ways to find someone who wants to rent a room is through word of mouth.
Ask friends and family if they know of anyone who is looking for a temporary or permanent living arrangement.
Chances are pretty good that it won't take long to find several people who are interested in your offer.
Of course, you will need to meet with your prospective roommate to see if you click.
If you get a good feeling about the person then you should discuss the amount of rent, security deposit, and other details such as whether the tenant has kitchen privileges etc.
If you know the person well then you probably won't need to do a check credit or get a security deposit.
But, if you have never met the person before then you will need to do both.
You can find a tenant application online or at your local office supply store.
Make sure to obtain the tenant's signature and an application fee to cover the cost of your credit check.
You shouldn't have any trouble finding a service, online or local, to run a credit check for you.
The security deposit should generally be a modest amount sufficient to cover any damage to the room.
Make sure to research the laws in your state to determine what responsibilities you have in regard to the deposit.
Many states require the landlord to put the funds into a separate bank account.
Here's Hoping Some Quick Cash Comes Your Way!
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