My experience has been that renting space on your own property to others, whether to live on long term, or stay a short time, is one of the most difficult businesses that a person can get into. I have been doing rentals for 17 years, and I have been in chat groups and communities with others who have many years in this business, and I have written articles on it, and I caution everyone that it is HARD and it's a business that requires many more skills than one might expect, in particular as regards how to decide to whom to rent. Eg skills at screening and recognizing "red flags." As well, you need to know the law in your area about the kinds of rentals you're doing, so that you don't get scammers who use the law against you and create some of the worst problems you may ever have.This is a difficult post. I've come in from the cold and back to a stick-built brick rancher. I wanted to stay in touch with the Mobile Community so i've been offering a cheap campground alternative for small RV's or vans, camping on my property with electric and water. At a price less than a third of Virginia campground prices. The problem is people now...are...just...nasty. In general. Not just this community. You risk real problems when you interact with strangers. Drugs, addictions, withdrawals, meltdowns, mental illness, criminals, thieves, abusive violent personalities. I have failed 3 straight times with people camping on my property. I'm in a gorgeous part of southern virginia, Virginia Lake Country, 50,000 acre John Kerr Reservoir, fishing, boating, kayaking, state park, waterfront parks, dam...gorgeous. But how do you all navigate the meeting of new unknown people??? Tired about people lying, saying they have no drama, no baggage, then dump a truckload on you. This community is just a cross-section of everybody, but how do you all avoid bad outcomes with strange people. I'm giving up trying to provide a safe affordable spot after 3 strikes. What are you guys finding out there?
People so often get into this business with no idea about how difficult it is to adequately screen renters, and you DO have to screen them. Beginners think you can just ask questions and expect people to reply honestly -- such as asking about baggage or drama. You can't ask questions like that and expect meaningful responses. People who have baggage and drama will quite likely never be able to realize this, or if they do, certainly are not likely to be honest about it if they know that you are looking to screen them out on that basis.
There are a whole lot of nuanced skills that need to be developed, that pertain to communication, and how to get a sense of what someone is really like without asking them questions while hinting to them what answer you are looking for.
As well, I will mention that offering "cheap" rentals, invariably creates problems. The cheaper the rental, sadly, the more problems you're likely to encounter. This is truly sad because I know you are motivated to do this to help people, and there are many good people who would truly appreciate your help. And people do need cheap rentals!! I would say you have 2 choices: (1) either put in a good amount of work learning fairly nuanced skills about what kinds of questions to ask, what to look for in people, how to recognize "red flags", how to assess people's character in a variety of ways, or (2) plan to get out of this business and/or simply rent space to those you've gotten to know well over time, and know well enough to trust. I predict that if you go ahead without learning about how much you don't know, and start trying to learn a lot about the property rental business, you're likely to just experience more and more problems.