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If you decided to rent out your home, there are many things you have to take into consideration. One of the first hurdles potential landlords have to face is the idea of having “strangers” live in their home. You will have to decide if you will rent the home out furnished or unfurnished, figure out what the “going” rent is for rentals in your area and then find suitable tenants.
It is a good idea to start looking at other rentals in the area to see what they are renting out and what they are charging for rent. You will want to look at rental properties that offer similar set ups as the home you will be renting. This is the best way to find out what you can get for renting out your home.