A decision to rent your own place doesn't mean you can just put it for a rent and your job is done. In order for it to be successful and to really earn your money, first, you need to make sure that your place is livable and attractive to potential tenants.
In the recent years, homeownership is in decline, as the millennials are becoming the leading generation on the housing market, and the vast majority of them do not plan to change their rental property for a home anytime soon.