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Renting your home

Renting out a room in your home can be a great way to earn extra cash and for travelers, it can provide inexpensive lodging. Whether you are a homeowner or a traveler you need to know how to protect yourself.

To ensure a positive experience traveler editor Peter Greenberg says there are some important questions homeowners should ask potential renters.

"First who are you? where do you come from? Get a CV. Get a history of the person," Greenberg says. "Are they paying by cash or check? They have the responsibility here because it's not just a credit card transaction at a hotel. This is a matter of trust."

Greenberg says even though you and the renter may correspond via-email, it's also a good idea to talk on the phone to make sure you're comfortable with the other person.  He says renters need to find out details about the room and the amenities included before booking.

The most important thing is that the homeowner and the renter get everything in writing.

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