When it comes to making an extra bit of money alongside your usual day job, most people will request overtime, take on smaller part-time jobs on weekends, or even consider selling some of their belongings. But what many people don’t realise is that they can actually make a swift bit of cash without having to work longer hours or sell their things. How? Renting out disused space. You may be wondering how exactly this works, but you will be surprised how simple it is and kick yourself for not trying it out sooner. Read on for everything that you could possibly need to know!
Rent Out a Room
The most common form of letting out your disused space is to rent out a room in your property. Wherever you live, it’s likely that there will be some sort of weary traveller out there who will be willing to hand over their hard-earned cash for cosy bed and shelter for the night. Alternatively, you might take on a more permanent lodger, who will be looking for a space to live throughout their studies, while settling into a new job in a new area, or simply working out where they’re heading next on their life path.
Whoever you may find yourself housing, it’s a quick and simple means of generating quick profit. If you are in a more secluded area or are on the outskirts of a major city, you may not get quite as much business. After all, tourists, travellers and people who are studying or looking for work tend to be pulled towards the hustle and bustle of inner city life and opportunities. It’s great to use sites such as Airbnb to advertise and Airbnb Management Services to start building up a positive reputation and five-star reviews.
Rent Out Your Driveway
Live near a sports venue, music arena, or another form of attraction? Do you have a free driveway too? Well, your luck is in. Most entertainment hotspots tend to have limited parking or charge truly extortionate prices. Whether the area has too much demand to cater to or revellers are disgruntled by absurd overpricing, you can cash in and rent out your driveway for a more reasonable rate. It’s as simple as that! Simple put up a sign outside, and passers-by will come flocking. You don’t have to do anything different from usual but will receive cash as they park. Just remember to ensure that they know that their vehicle is not insured or protected while parked on your property unless you have a specialist insurance policy to cover it.
Rent Out Your Garage
If your home as a garage, good news. By simply de-junking the area, you can rent it out! Inner city parking can be a nightmare, and commercial parking spaces are extortionate. Your garage could pose a brilliant alternative for a lucky individual: their vehicle will be sheltered and locked in while they are away.
As you can see, if you have spare space on your hands, making a quick buck or generate a more sustainable extra income doesn’t have to be all that difficult!