Renting out spare rooms or even garages and outbuildings to raise cash for Christmas
In this method I want to share and talk about, it involves you renting out a spare room in your home or even a garage or some other out building to a temporary lodger. I'm not talking about renting full time to someone, but rather temporarily during the Christmas season.
During the Christmas holidays and leading up to New Years Eve, a lot of people like to visit their folks or stay with some friends to celebrate them with. But they might not be able to get somewhere to stay for whatever reason.
And if you have a spare room going, or some other place that's habitable by someone for a while. Whether it's a summer house or an old converted garage or something. You could potentially rent that out for the Christmas holidays to a temporary lodger.
The way to do this is to use Airbnb. Using Airbnb you can list up your room for rent on the site and put all the details about it like its location, some pictures of the actual room. What terms or rules you might have. Such as no parties or pets whatever. Then people can bid on that room using the Airbnb site.
How Much Can You Earn in Rent with Airbnb?
It really depends on your area where you live and how much demand there is to live in that area. If you just want to find out first before you sign up and become a host. You can pop your area into the checker and it will tell you roughly how much in rent you can charge per week. You'll have to choose whether it's the entire building, just a private room or even a shared room and it will give you an average price to charge.
Visit the host price checker tool: https://www.airbnb.co.uk/host/homes
To get an estimated, average price that you can charge. You'll have to register on the site if you want to be an actual host and create your listing. But you will probably get bids by people who need a place to stay for a few days or even longer.
If you're happy to do that, and I do believe it's quite safe with Airbnb, then you could well be quids in by doing this and it could help you raise some extra cash for Christmas.
And who knows, you might even meet some new people and make some new friends.
Have you ever rented out your room to people to make money before?
Or have you / do you use Airbnb and have any reviews or feedback on it?