Earn Money By Rent a Room

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Rent a spare room on AirBnB

AirBnB can s a terrific platform for renting out a spare room. You can make some good money, especially if you live in a tourist destination. If you don’t mind the neighbors, then this is definitely an option. You can crash with friends and family and rent out your entire house if you’re really desperate.

Website: AirBnB

Here are 11 things to know if you’re thinking of renting a room, apartment or house to short-term tenants:

  • People expect hotel-like amenities. That means shampoo, irons, ironing boards, hair dryers and coffee makers, to start. Guests will likely make a variety of requests for anything from breakfast to rollaway beds, but setting the limits on what is provided is up to the landlord.
  • Have a plan for emergencies
  • Take good photos and write detailed descriptions.
  • Be prepared to respond quickly to requests
  • Experiment with different services.
  • Have a way to take money and let tenants in and out
  • Find a reliable cleaning service.
  • Weigh the amount of time involved against the money you’ll receive
  • Expect things to be damaged or disappear.
  • Know the laws and rental rules.
  • Expect to pay taxes
     
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