Do you have a garage you never use? How about a spare bedroom? Do you travel frequently while your apartment sits vacant?
If you answered yes to any of the above questions then keep reading to find out how you can turn that empty space into a fuller wallet!
- Get a Roommate
A common source of extra income can come in the form of roommates. If you have an empty room in your house, think about renting it out! Although there are some roommate horror stories out there, many people find that renting can actually be a very positive experience. You get to decrease your mortgage cost while knowing you’re helping somebody out with a place to live.
- Rent On AirBNB
Maybe you don’t want a full-time roomie, no worries! Consider renting your spare room on AirBNB. It’s likely the room will be vacant sometimes and filled other times. This will help you net some extra cash without dealing with long-term leases.
- Rent Your Whole Place
If you travel a lot and want to make some extra cash then you have the option of renting out your entire house or apartment while you’re gone. Whether you travel for pleasure or work, take advantage of that empty space and make some cash while you’re gone by listing your place on AirBNB.
- Rent Storage Space
Storage sheds are an extremely common way to store things, however, in this day and age with technology things can be stored nearly anywhere! An ideal place to rent for storage would be something like a shed that has its own entrance, however, spots like spare rooms, attics, and garages can also be places for people to store their stuff in. Try renting your extra space out on sites like neighbor.com.
- Rent a Parking Space
If you live near a heavily trafficked area, odds are parking is tight. If you’re not taking advantage of your driveway or garage to its fullest extent, consider renting out parking to people. They will be paying a fraction of the cost of traditional parking garages and you will be making some extra income. It’s a win-win!
These are just a few ideas to get you started thinking how to use your unoccupied space to make you money. Do you have any more ideas? Let us know your best ones in the comments!