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21 tips for turning your house into a rental property

Cheapism Logo By Fred Topel of Cheapism | Slide 1 of 22: Thinking of moving? Before planting a "for sale" sign in your yard, consider this: You may be able to make money with your current home by turning it into a rental. There is a process to that, but it can be done in a smart, efficient way. And done right, you can easily attract the types of people who would rather rent than own their own home. We spoke to a realtor and a property manager to find out some of the important steps to turn the home you own into a lucrative rental, and some of the money pits to avoid.

Room for Rent

Thinking of moving? Before planting a "for sale" sign in your yard, consider this: You may be able to make money with your current home by turning it into a rental. There is a process to that, but it can be done in a smart, efficient way. And done right, you can easily attract the types of people who would rather rent than own their own home. We spoke to a realtor and a property manager to find out some of the important steps to turn the home you own into a lucrative rental, and some of the money pits to avoid. Click or swipe through to see them all!
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