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Max suggests that renting out a room in your house can be a good way to earn extra income. He has been doing it for five years and every person has paid him, but not always on time. He shares the lease agreement he uses and walks through it with viewers. Max also provides access to resources on his website for roommate questions, room advertisement, house rules, and lease agreement. This includes 17 questions for screening potential roommates and tips for finding the right person. The link to access these resources is in the video description.