The Option to Pick the Tenant

You first have the option to pick the tenant you want. If you think that person is inappropriate or do not reach your standard, you can reject his application.

But do not be too strict on picking or you will never find the person to rent from you. When you choose to let a tenant into your place, you can enter a contract that protects both you and the tenant. Then the tenant will also review your contract agreements and see if it is to his liking before signing it.

Then by collecting rental money from the tenant, you would get extra income from him. The amount of rental money you get also varies depending on the area you are renting out for your flatshare. The more popular the district is, and then you can charge higher rental fees.

Then if there are extra utilities located around your place like a bus station or mini mart, that will further increase your rental value and able to charge higher rental fees. If you include extra service like parking spots or meals included, then you can charge for that as well. The utility bills like electricity and water might increase but it will be split between you and the tenant.

If you want to rent out your empty house, you can do so. You do not have to worry about buying furniture as the tenant can purchase his own to make his living more comfortable.  Then when the contract ends, the tenant may choose to either move out with all the furniture he bought or you can purchase the furniture as second hand. Then when you rent out your house again, you can now advertise it as fully or partially furnished house. That will increase your rental value for flatshare even more.