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Max discusses renting out a room in your house as a way to earn extra income. He shares that he has been successfully renting for five years, with tenants generally paying on time. He presents a lease agreement to help viewers determine if it suits their needs. Max provides resources, including access to various tools at maxmymoney.org, linked in the video description. These resources include 17 screening questions for potential roommates, a room advertisement template used on Facebook and Craigslist, a roommate agreement outlining house rules, and the lease agreement itself for reference.