There are many ways to rent out your home. You may want to consider hiring a real estate attorney to help you draft a rental contract that fits your needs. Other services such as property management companies can help you set rent, find tenants, and acquire landlord insurance.
If you choose not to hire outside help, you will have to conduct tenant screenings, verify credit and pay stubs, and investigate rental history. This can take a significant amount of time and effort but will ultimately result in a stream of income from your rental home or property.