David Deem 714-997-3486 Dave@DeemTeam.com By Bill Gassett If you have a spare room in your home, renting it out can be a way to earn extra to pay the mortgage. There can be problems with this sort of arrangement, however, that could make you wish you hadn't invited a renter into your home, so it's important to be educated about the process as much as possible.   Renting out part of your home  does put you in the position of a landlord with the associated responsibilities. You have to understand what your legal situation is and how to deal with issues that arise in dealing with your tenant.   Let's take a look at the most vital things you have to know when renting a room in your home.   Knowing the Rental Laws Are Vital You have to read up on the laws that will apply to you in your state, as they differ nationwide. There could also be specific rules in your local area; for example, if your homeowner's association has provisions that could prevent your plans. Make sure...