How to Make Money Renting Your House Out

Thinking of renting your house out to guests? Whether it’s a primary residence and a short-term rental or a secondary home and a long-term rental, renting your house out is a great way to generate passive income. To maximize your rental income potential, make sure you come up with a plan that suits both your needs and the needs of a potential tenant. From hiring a property manager to marketing your place, here are 10 tips for how to make money renting your house out.

How to Make Money Renting Your House Out to Others

Decide whether or not to hire a property manager

Do I have time to deal with finding tenants?
Do I have a rolodex of handymen and other maintenance professionals who can fix things in and around the property when needed?
Am I a handy person who can take care of day-to-day maintenance needs?
Do I live in close proximity to the property?

List with high quality photos

Consider renting your property through Airbnb or VRBO

Find a quality tenant

Be strategic when setting your rates

Get the right insurance

Clean your rental thoroughly

Furnish it with comfortable, yet inexpensive furniture

Be a good landlord

Add special touches

Ready to start renting your house out?

When you’re ready to move, make sure to hire the right moving day pros for the job. To find a trustworthy moving company, check out Moving.com’s extensive network of reputable and reliable movers – all licensed and insured. By choosing a Moving.com mover, you can rest assured that your move will be in good hands.