Buying a home and getting extra space for a room to rent

Buying a home in Miami Florida and getting extra space for a room to rent in may help homeowners to pay their mortgages. They are converting their garages, basements and even the attics into very styled rental rooms. However, there are a few important things for you to know about before becoming a landlord. Your first call should be to the zoning department to not violate any law. Some people tend to not take into account single-family zoning rules because they rent rooms to foreign students for a period of six months. In this particular case, students may be required to pay a very large deposit along with the six month rent payment. So, it would be quite impossible for a homeowner/landlord to get into trouble with it. 
If you are allowed to restore your house to make a new rental unit, you must get your mortgage lender's consent before starting. Otherwise, if you choose to refinance or take a home equity loan later, you possibly will have a problem. An appraiser will verify the home and find out the rental unit. The lender could raise the rates on your active loan and needing you to get a modification of the certificate of occupancy which is a document that confirms the house is free of zoning.