You may be faced with a wide variety of different scenarios where you need to get rid of your home. For example, moving to a smaller place or living in a summer house. Instead of getting rid of your house, you should consider subletting it.

Subletting allows you to own multiple properties and benefit from each one. If you’re taking this as a serious consideration, you might want to keep a few things in mind.

Before you start any of this, you must first register with the local council. This council will control the activities of its owner and approve the tenants. If you do not complete this vital step, you may end up facing criminal charges.

Once this step is complete, you should start your journey by looking at what other landlords are charging people for rent within the area. Offering services like laundry or providing meals can significantly increase the amount you can earn, so it’s a good idea to explore these options.

When you have a tenant, be sure to keep excellent records of all the rent that is paid. You can use a rental book or a bank statement to do this, and always give tenants receipts. If you keep track of all of these things, you’ll no doubt have evidence if you and your tenant ever have a dispute.

You must be very aware of all your responsibilities as a landlord. Maintenance and repairs are expected of you. Always make sure they are done safely and efficiently.

To achieve rental success, you must maintain a constant flow of contact with your tenant. Give them details on how they can best contact you and always give them a clear explanation of when they need to pay.

Finally, always be respectful of your tenant. You should not enter your tenant’s property without proper communication. You may own the property, but remember that your tenant is paying for the right to use it.