Calling All Homeowners: You Could Be Sitting on a Gold Mine
We’re here to show you how to earn money from your home. You can make those inescapable expenses pay for themselves and earn a heap of cash, often without lifting a finger. From turning spare rooms or your garage into storage space for rent to transforming your house into a film set, we’re here to show you how your home can earn its keep.
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How to Make Easy Money from Home
Who knew your home’s brick and mortar walls were actually disguising a gold mine? You can make easy money from your home with a little entrepreneurial savvy and our tips. Don’t worry, you can use the extra money you earn to buy sunglasses to protect you from the dazzling bling of your own secret gold mine.
Some ways to make money from your home require more effort than others. It all depends on the type of business you want to run, but there are plenty of options for those who want a more hands-off approach.
1) Rent out rooms, garages, and outside buildings for storage
Did you know you can turn your spare rooms into cold, hard cash without anyone ever living in your house? Like we always say, Stashbee is the Airbnb of storage. Whether it’s a loft, a shed, a basement, a garage, or a lock-up, we can find Guests who need a secure place to stash their belongings.People out there are looking for storage space of all sizes to help them while they're in a tight spot. Perhaps they’ve had to move houses quickly or downsize. Maybe they’re moving further afield temporarily. There are so many reasons why someone might need your extra space and, with your gloriously accommodating space for rent, could find yourself as someone’s storage saviour. Now don that halo and watch the extra income mount up.
Listing your space is free, and we can give you guidance on how to best share photos and make your place look great. It’s totally up to you to decide how much you want to charge and exactly what kind of access Guests will have to your property. Stashbee will connect vetted renters to you with just a few clicks. We’ll take care of all the paperwork and online payments too. The best part? Most Guests will continue with a monthly rolling contract – how sweet is that zero-hassle income?
Surprising Passive Income Ideas: Here’s How Much You Can Make from Renting Out Your Garage
2) Rent out your parking space
Do you live in an in-demand part of the city? Your driveway or garage are your keys to more cash. If you live near a train station or airport that’s even better. Commuters are happy to pay for a secure, guaranteed parking space as it saves them money and the stress of looking for public parking. It’s the perfect way of making a decent monthly passive income from your home with minimal contact (perfect in the COVID-conscious era) or responsibilities.
If you don’t live in a city centre or near an airport, you might be wondering, But who’s going to want to rent my parking space? You’d be surprised! It depends on factors such as tourism and events near where you live. There are certain locations or times of the year when parking spaces are in high demand, such as during sports events, conferences, or festivals (remember those?). While these aren’t possible just yet, we’re sure they will be once again in the near future. And with Stashbee set to offer short-term parking soon? Well, you could be on to a very lucrative win.
We anticipate that after the pandemic ends, parking spaces will be in high demand. For those of you trying to figure out how to make money from home without an investment, renting your driveway or garage is the ideal solution. Stashbee lists your space for free, takes care of the contracts, and automates your monthly payments. It’s all online so you can even make money while living in a completely different country.
How Much Should I Rent My Parking Space For?
3) Rent your car out
If you have a car but no extra parking spaces, fear not. During the pandemic, you may have found yourself staring out of your window at your car sitting sadly in your driveway, lonely, empty and unused. Worse, if the insurance, tax, and MOT are all paid for, it probably feels like money wasted. And as you work from home typing away at your laptop, you might ponder if you’ll ever return to the office - leaving your poor car to gather dust in your driveway!
Hark, what’s that? A solution, courtesy of Stashbee! Have you considered making money by hiring out your car? Though not strictly making use of your home, this is a way to make easy cash from the comfort of your sofa.
Car-sharing apps help you rent out your unused car for a few hours, a day, or longer. Drivy, Turo, easyCar Club, and Hiyacar are just some of the online platforms that hook you up with carless motorists. You should be able to set your own rules and prices to place your earning potential in the fast lane. And, if your car will be in use for an extended period of time, you could even rent out your parking space with us to make even more extra income. Talk about a two-for-one deal!
Make sure to let the person renting your car know that the dog is not included.
4) Let out your home to renters
As long as there are spare rooms, there will always be lodgers. Whether you rent your room to a long-term lodger or a guest on a short-term homestay, it’s a great way to make a regular income. Not only does your guest pay rent, but they can also help to decrease your monthly bills. You can earn up to £7,500 a year tax-free by renting out furnished accommodation under the government’s Rent a Room Scheme. This amount of tax-free income is halved if you share the money with someone else.
Medical students and foreign language students are frequently looking for term-time accommodation. If you also offer language tuition, you could make even more extra cash from ESL students. And, for who want a more hands-on money making experience, you could open a bed and breakfast.
Be warned, however: it’s a real commitment and all the health and safety regulations you need to be aware of aren’t for the faint-hearted. If you’ve got a spare room in your house and can’t be bothered with all the red tape, we recommend sticking to renting out that space as storage with Stashbee instead. No fuss, no muss, and you don’t have to deal with strangers raiding your fridge.
5) Rent your house out while you’re on holiday
Renting your home to lodgers and short-term renters is only scratching the surface of your earning potential. If you live in a popular tourist destination or beautiful rural location, you can use any number of accommodation platforms to let out your home to holidaymakers. Rent out your home while you’re away to cover the utility bills and pay for your own holiday.
Alternatively, if you have an outhouse or extension on your land, it could be converted into a separate self-contained all-year holiday home. It’s sure to bring in big bucks during peak seasons or if any festivals take place close to your neighbourhood.
Again, if you don’t want to deal with people living in your home - especially while you’re not there! - but you still want to make money while on holiday, we can help! Rent out any unused storage or parking space with Stashbee while you’re away for some ‘pounds coming in, tenants staying out’ peace of mind.
Lucrative Passive Income Ideas Other Than Renting Your Property to Tenants
6) Transform your home into a film or photoshoot set
Is your house ready for its close-up? Maybe it’s time to whip out the duster and give it some A-list appeal so you can let it out as a TV or film set. Production companies are always looking for houses for shows, adverts, music videos, and fashion magazine shoots. And it’s not just glamorous properties that are in demand: quirky and retro interiors also have that essential star appeal.
If you live within easy reach of the M25, you’ll probably have more luck because that’s where the majority of production companies are based. Contact agencies such as SHOOTFACTORY, Lavish Locations, and Amazing Space to put your home on the map. Lights, camera, action!
While you can earn as much as £1,500 a day, it’s important to note that having a film crew in your house can be intrusive and disruptive. If you’d like to avoid all of that hustle and bustle inside your home but still want to make some passive income, Stashbee’s services may be a better shout for your lifestyle.
7) Start a business with home as your headquarters
The pandemic has turned us into a nation of remote workers. Since many of us have already experienced working from home and love it, why not take it a step further and become your own boss? Whether it's a full-time initiative or a side gig, it’s easier than ever to set up a business from home.
You can choose any type of business, including freelance writing, web designing, accountancy, creating art and crafts, dog walking, and e-commerce. You could even start a YouTube channel and share your skills with the world from your humble abode!
Besides ditching your commute, running a business from home has many benefits, such as lowering overhead costs and being at home with your kids. All you need is a reliable internet connection, a good business plan, and an unlimited supply of caffeine.
8) Rent out space for events
Different types of homes suit a range of events. For example, if you have a small farm, you can set up seasonal activities such as pumpkin patches, mazes, tractor rides, and farm tours.
Many people want outdoor weddings in scenic, rural locations. And others may find your home ideal for fetes, charity events, barbeques, or wine tastings. Of course, you should always check what commercial activities are allowed on your land before renting out your space like this. Some activities might need special permits.
You’re basically a matchmaker if you host a wedding - we won’t tell anyone if you take all the credit for facilitating the happy couple’s marriage!
9) Turn your extra space into a co-working office
Do you have extra space, desks, chairs, and WiFi? Great! You can rent out parts of your home as office space. Some people might not be as lucky as you and could find themselves sharing their house or flat with noisy housemates, meaning they’re stuck working in their bedroom. Alternatively, they may live in a tiny studio and want the feeling of going to work and meeting other creatives or entrepreneurs. We predict co-working spaces are going to continue to be big post-pandemic, so it’s good to get ahead of the curve.
If you have a larger unoccupied space, you could rent it out by the day, week, or month to remote workers and freelancers. You can make £1,000 a year tax-free (hey, that’s something you can do with Stashbee too!), but check with your local authorities to make sure you don’t have to pay extra council tax.
Co-working: making friends and money.
10) Rent out almost anything you have
How do you earn money from home fast with zero investment? Look around, take stock, and consider all of the things you can rent out. You’d be surprised! These days you can rent out almost anything vaguely useful. Bikes, surfboards, skis, camera equipment, baby gear, clothes... the list goes on (and on and on and on). If you’ve got it, there’s an app for renting it out. Let’s face it, items like snowboards and surfboards are usually sitting in your spare room, shed, or garage unused for most of the year. You might as well make money off them in the meantime.
Most platforms just need a listing and a description with some photos. You’re in control of the rates you set and can change them at any time. If you can’t find a specialist app to rent a specific item, try Fat Llama. Its categories include sewing machines, musical instruments, drones, and electric scooters, among many others. And with all that extra room freed up, you can double your income by finding a Stashbee Guest who wants to use the space for storage - could it get any better than that? Happy renting!
Everything must go! (And then come back.)
Things to Consider Before Making Money from Your Home
Making money from home is easier than ever - but before you get too excited, we recommend you check that you won’t be breaking your mortgage or tenancy agreement. You also need to consider insurance - what’s already covered and what you might need to spend on extra cover.
As mentioned earlier, you might have to pay tax if you earn over a certain amount. Each situation is different, so make sure you research tax, insurance, and regulations for your specific circumstances.
And, of course, while COVID continues, you should adhere to the government guidelines at all times for the safety of you, your family and your Guests.
It couldn’t be easier to make money from home. Owning a house is expensive, so it makes sense to get it to work for you by transforming it into your very own gold mine. There’s a perfect money-making solution for every type of situation and personality. It’s as simple as just having a space to rent out for storage or parking, or an amazing idea for a business.
If you want a hassle-free extra income, we can help you make money renting your spare room, garage, or driveway. If you’re interested in becoming a Host, find out how much you can earn with Stashbee or get in touch with our team.
Become a Host
Join thousands of Stashbee Hosts, start earning nowBecome a Host
29th Apr 2021
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