An Easy Way to Earn Extra Cash
Looking for a side hustle to boost your income? Why not rent out your spare space and make money from it? Ashish Jain, a business consultant, has made over £2,300 by renting out his garage as storage space. And the best part? It's easy money for anyone with a spare room, shed, or cupboard.
Quick and Simple Setup
Ashish set up his profile on Stashbee, a website where you can rent out empty spaces, in just minutes. Within days, he received his first booking. It's that quick and easy to get started. Plus, you can rent out spaces of any size, from empty wardrobes to basements and sheds.
Flexible Options for Renters
Whether you choose Stashbee, Storemates, or platforms like Gumtree or Facebook Marketplace, you have flexible options for renting out your space. Stashbee and Storemates take care of payments and billing, while Gumtree allows you to set up your own arrangements. Just remember to factor in any fees when calculating your earnings.
How Much Can You Make?
The amount you can earn depends on factors like the size of your space, the demand in your area, and the going rate. Larger cities may have higher rates due to limited space, while rural areas may have more demand. Check similar listings in your area to set a competitive price.
Considerations and Risks
Before renting out your space, check with your mortgage lender or landlord to ensure you're in compliance with any restrictions. Additionally, review the terms and conditions of the platform you choose for any protection or guarantees offered. Remember to check with your home insurance provider and consider the tax implications of your earnings.
With a spare room, shed, or cupboard, you have the opportunity to make easy money. So why not unlock the earning potential of your unused space today?
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