Renting out part of your house to tourists Have you done it? I have an annexe attached to my house in the suburbs of London,UK. It has one bedroom, lounge, kitchen and bathroom. It's suitable for a couple or a small family. What are the pros and cons of renting it out to visitors? Is it more profitable than renting it to regular locals on short contracts? What are the legal hassles? How can I collect the rent? Any advice welcome!