Hi
We have a spare room and need some extra cash so we are thinking of letting the room.
We have three DCs aged 5 months to 7 years and its a lively and noisy household.
The room is very pleasant - double loft room with seperate shower/bathroom and overlooks a peacful back garden etc.
We are thinking about students as I think a young person would feel more comfortable with living in a family with young children. We are thinking of doing the rentaroom scheme to avoid paying tax, so would charge £350 per month, though the market rate here for this type of room is about £400.
Does anyone have any advice or top tips for someone who hasn't done this before: about having a lodger, contracts, the rentaroom scheme etc?
Also - I am a bit worried about what "groundrules" to set, particularly around things like use of phone, use of my computer/internet, and the times I will need to use the kitchen to cook the DCs meals.
Any tips?
Thanks