WATFORD
Valued Contributor
To make money by renting out your space, you can consider the following options:
Rent out a room in your home: You can rent out a spare room in your home on platforms such as Airbnb.
Rent out your driveway or garage: If you have a driveway or garage that is not in use, you can rent it out to people in need of parking space using platforms like JustPark.
Rent out your storage space: If you have extra storage space, you can rent it out on platforms like Storemates or Spacer.
Rent out your outdoor space: If you have outdoor space, such as a backyard, you can rent it out for events or activities on platforms like Peerspace.
Before renting out your space, be sure to check local laws and regulations, as well as any restrictions or requirements from your home owner's association or landlord.
Some additional points to consider when renting out your space:
Determine the market value: Research the local market to determine the going rate for similar spaces in your area, so you can set a fair price for your rental.
Prepare the space: Make sure the space is clean, safe, and well-maintained before renting it out. This may include making repairs, adding furniture, or providing basic amenities such as bedding or towels.
Set clear rental rules: Establish clear rental rules and expectations, such as quiet hours, use of common spaces, and smoking or pet policies.
Rent out a room in your home: You can rent out a spare room in your home on platforms such as Airbnb.
Rent out your driveway or garage: If you have a driveway or garage that is not in use, you can rent it out to people in need of parking space using platforms like JustPark.
Rent out your storage space: If you have extra storage space, you can rent it out on platforms like Storemates or Spacer.
Rent out your outdoor space: If you have outdoor space, such as a backyard, you can rent it out for events or activities on platforms like Peerspace.
Before renting out your space, be sure to check local laws and regulations, as well as any restrictions or requirements from your home owner's association or landlord.
Some additional points to consider when renting out your space:
Determine the market value: Research the local market to determine the going rate for similar spaces in your area, so you can set a fair price for your rental.
Prepare the space: Make sure the space is clean, safe, and well-maintained before renting it out. This may include making repairs, adding furniture, or providing basic amenities such as bedding or towels.
Set clear rental rules: Establish clear rental rules and expectations, such as quiet hours, use of common spaces, and smoking or pet policies.
