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Max discusses renting out a room in your house as a way to earn extra income. He shares his experience of renting for five years, emphasizing the importance of timely payments from tenants. He introduces a lease agreement template and encourages viewers to access resources at maxmymoney.org, linked in the description. These resources include a list of 17 questions he uses for screening potential roommates, a room advertisement he has successfully utilized on Facebook and Craigslist, a detailed roommate agreement outlining house rules, and the lease agreement itself. This collection aims to help viewers find the right tenant effectively.