1. Quiz
  2. Your result
  3. Your plan
  4. Your guide

Module 1 · Is this right for you?

How renting out a backyard room works

  • Lesson 1 of 23
  • 5 min read
  • Free lesson

You rent a room, flatlet or backyard unit on your property to a tenant for monthly rent.

How it works

  1. Get the room ready, safe and legal.
  2. Set a fair rent by comparing listings near you.
  3. Advertise and check tenants carefully.
  4. Sign a lease, take the deposit and do a joint inspection.
  5. Collect rent monthly and keep records.

Who rents: workers, students and young families who want an affordable room near transport and work.

A good sign: a signed lease and first rent paid within a month of advertising.

Do it now

Tick it off when it is done. Your ticks are saved on this device.

Quick check

Pick an answer to see how you did.

In a typical case, how long until the first money comes in?

Your challenge

Check it before you spend

Check three listings near you for rent and features.

You are done when:

  • You wrote down what you found
  • You know whether to carry on or adjust

You report this yourself. Nobody checks, so it only counts if you really did it.

This is the free lesson. Get the guide to unlock every lesson and save your progress across devices.

Get the full guide
Sources and links (3)

See all 23 lessons