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Max discusses renting out a room in your house as a way to earn extra income, sharing his personal experience of five years with on-time payments from tenants. He presents a lease agreement and guides viewers through determining its suitability for their needs. For resources, Max directs viewers to his website, maxmymoney.org, where they can access various materials, including roommate screening questions (17 essential inquiries), a room advertisement template used on platforms like Facebook and Craigslist, a roommate agreement outlining house rules, and the lease agreement itself. Links to these resources are available in the video description.