Rent Houses/Rooms
Earn Money by Renting Out Your House or Room
There are numerous platforms to help you rent houses or rooms and make good money. The right site for you will depend on the type of rental you’re considering. Whether you want to rent out a single room, an entire house, or even just your kitchen, there’s a platform that fits your needs.
Types of Rentals & What to Consider
Before you dive in, it’s helpful to consider the benefits and drawbacks of each rental option. Once you decide which approach suits you best, you can click through to find the best sites to list your rental.
1. Rent a Whole House to Tourists
If you have an entire house available, renting it to tourists can provide a steady stream of income. The potential downside is property damage, but this can be mitigated with insurance coverage and a security deposit. Typically, you can charge slightly less than a hotel room, and you can also require a cleaning fee.
Click here to find the best options to rent your whole house overnight.
2. Rent a Room to Tourists
If you have a spare room but not an entire house, renting it to tourists is an option. The downside is that you might encounter guests who aren’t ideal to share your space with. However, the income could outweigh the inconvenience. It’s important to set clear house rules and screen potential renters carefully.
Click here to find the best sites to rent a room to tourists.
3. Rent to a Long-Term Tenant
Renting a room to a long-term tenant can provide regular income and even the opportunity for companionship. However, if you end up with an undesirable tenant, eviction can be both costly and time-consuming. To avoid this, it’s crucial to screen potential roommates thoroughly. Run a credit check, call references, and conduct both phone and in-person interviews. Pay attention to your instincts—if something feels off, trust it.
Click here to find the best sites to rent a room to a long-term tenant.
4. Rent Your House by the Hour for Events
Renting your house by the hour for events or film shoots can be lucrative, but it comes with higher risk. These rentals often involve parties or film crews, both of which can cause wear and tear on your property. Parties may bring in alcohol and rented furniture, while film crews often bring heavy equipment. To minimize risk, consider event insurance, and remove any valuable items from the premises before renting.
These types of rentals often pay 5 to 10 times more than renting to tourists for a night, making it a high-reward option.
Click here to find the best sites to rent your house by the hour for events or film shoots.
5. Rent Your Kitchen and Dining Room
Renting out your kitchen and dining area is another way to make money. Like renting for events, you’ll have people in your home, but they’ll typically be there for a short time. In return, you’ll be compensated well. Make sure to consult with your insurance agent to mitigate any potential risks.
Click here to find the best sites to rent your kitchen by the hour.