How to Rent Out Storage Space Post-Lockdown
Think about all those people who have put off moving until restrictions ease. Can you say cha ching? (We can!)
You might be wondering how to rent out garages, spare rooms, and car park spaces to make extra cash. Good question! We’re here to help you rent space and parking spaces out in the safest, most COVID-proof way.
How to Rent Out Storage Space Once Lockdown Lifts
So you have unused space at home to rent out. That’s great! But as we’re still in the middle of a pandemic, there are some precautions you should take before and during renting out your storage space. You’ll attract more renters by keeping your property safe and hygienic - and these processes will still be effective in the post-lockdown landscape. So get ready, get set, get distanced, go!
1. Deep clean
We know you’re a very clean person, but a pandemic requires extreme cleanliness. Pay special attention to keeping your space spotless before and after bookings. Not only will you get more Guests if your property scrubs up well, but you’ll also create a super-hygienic storage space. Disinfectants and gloves are your friends! And make sure you get into all the corners because superficial cleaning just won’t cut it.
2. Arrange a virtual viewing
People love visuals to help them decide on a storage space. While photos are good for shortlisting options, most people prefer to view a space for themselves before making a final decision - but government restrictions are making in-person viewings difficult for the foreseeable future. Of course, you’ll still need a way to show off your spare rooms, closets, lofts, garages, outhouses, and other spaces. Since everyone is used to video calls now, it looks like virtual viewings are the future.
3. Create a video of the storage space
Improve your listing with high-quality photos with good lighting. Or you can make it even easier for Guests by sending a video to potential renters. A video with a walkthrough will give them a much better feel for the space than a photo can. Plus, there’s less chance you’ll have to do a virtual viewing – the perfect solution for Hosts with Zoom fatigue.
A pre-filmed walkthrough video will significantly reduce the changes of this happening to you.
4. Keep a safe distance
Eventually you’ll be able to physically attend viewings again. But you’ll still have to be careful, wear a mask, and keep a two-metre distance from people outside of your household. (And it goes without saying you should always check the NHS website for the most up-to-date guidelines.) We know that by this point, social distancing rules are annoyingly familiar to you, so at least they should be easy enough to follow.
5. Remain flexible
It’s been an unpredictable year. As restrictions ease, there’s one thing we can expect – lots more changes at a moment’s notice. Thank goodness Stashbee loves flexibility! Guests can cancel or change booking dates on our platform, even at the last minute if necessary. Hosts can also cancel up until 11:59pm the day before the start date of a booking. However, it’s important to note that once your Guest is on a rolling contract, you need to give two months notice that their booking will end. Long story short, open communication is vital, so be responsive to any questions and try to build rapport.
Tin can telephones are great for social distancing too.
6. Check your obligations
Before you become a Host, check that you won’t be breaking your mortgage or tenancy agreement. It’s also a good idea to check that your insurer is okay with you listing your space. You might have to pay tax if you earn over a certain amount (or you could be able to make up to £1000 tax free). Some rules are meant to be broken, but breaking these ones will just land you in hot water.
What About Renting Out Your Parking Space or Garage Space?
Did you know you can also rent out your parking space? When lockdown ends, more people may be driving to work rather than risking crowds on public transportation. Parking spaces are a luxury in busy cities, so your unoccupied driveway or garage is an untapped resource. If you’re thinking Can I really rent my parking space?, the answer is an emphatic YES! People will pay to park in your drive!
As for your spare garage space? We’ve already seen a huge shift to remote working. Many businesses have decided to continue with this set-up permanently after the pandemic ends. There might be a sudden demand for garage space to store office furniture and other things. Now’s the time to get ahead of the competition.
Coronavirus has permanently changed the way we live. Fortunately, the post-lockdown world will still provide many opportunities for budding entrepreneurs to make extra cash. Are you in?
4th Feb 2021