Article Summary:
- Lease unused parking spaces: Platforms like Spot Hero, CurbFlip, Stow It, and JustPark allow you to rent out your empty parking spaces, generating income without investing much effort.
- Explore homesharing opportunities: Rent your vacant house on sites like Airbnb, VRBO, and HomeExchange. You can also offer short-term rentals to increase occupancy and generate more income.
- Offer pet care services: Dog walking, pet sitting, and boarding services are incredibly popular and can generate significant revenue. You can also offer swimming pool and land leasing opportunities or even shared equity contracts.
Jump to:
- Parking Opportunities
- Storage Opportunities
- Culinary Hosting Opportunities
- Homesharing Opportunities
- Short-Term Rentals
- Pet Care Opportunities
- Swimming Pool Rental Opportunities
- Photo-Film Shoots & Events
- Land Leasing Opportunities
- Shared Equity Contracts
- Facts About Monetization Options
- FAQs About Generating Income on Additional House
Asking “How can I make money from my empty house?” is a common question among property owners. With various monetization options available, property owners can generate income and avoid the costs of having an empty home.
Renting out the space can be a lucrative alternative, and platforms like Airbnb can make the process more manageable. Another option is to consider leasing the property to vacation rentals or delegating it to short-term commercial use. In contrast, the more invasive, but higher earning option, is to sell your home and cash in on the profits. Regardless of the choice, choosing the best monetization option for an empty house is a critical decision that requires careful consideration.
In a report by Forbes, it was found that, on average, homeowners can generate up to $20,000 revenue annually through renting out their homes as short-term rentals.
Parking Opportunities
As a homeowner with a vacant house, I have been exploring various ways to monetize the space. One option I’ve considered is renting out my unused parking spaces. Doing so can generate a steady stream of income while also making use of an underutilized asset.
In this section, we’ll look at two sub-sections that delve into the different parking opportunities for monetizing my vacant property. First up, we’ll explore the benefits of leasing unused parking spaces. Afterward, we’ll discuss how to capitalize on storage opportunities, which can be especially appealing to urban dwellers who require additional space for their belongings. According to PropertyShark, renting out parking spaces could generate up to $1,200 a year in certain big cities.
Lease Your Unused Parking Spaces
Monetizing unused parking spaces is a lucrative option for homeowners. Here are some ways you can lease your unused parking spaces:
- SpotHero: This platform enables you to rent out your parking space on an hourly, daily or monthly basis.
- CurbFlip: CurbFlip enables you to list both short-term and long-term parking spaces. It is especially beneficial for homeowners near event venues.
- Stow It: An excellent option if you have ample driveway space. Stow It allows car owners to park their vehicles while they’re away.
In addition to these platforms, there are other unique details worth considering, such as the geographical location of your property relative to high traffic areas.
A true fact in this regard would be that SpotHero has over 7 million users across the United States.
Turn your empty parking spot into a sweet spot for cash with Spot Hero.
Spot Hero
A platform called Spot Hero offers monetization opportunities by enabling you to rent out your vacant parking spaces. The platform provides a user-friendly experience, allowing renters to specify the exact parking time and location they need without having to navigate confusing and inconvenient public garages. Through their services, you can earn extra income by renting out any available parking spaces in your property.
By submitting your available spots on Spot Hero, you get the opportunity to monetize any unused car storage space that would otherwise have made no profit. With this platform, you dictate pricing details and availability schedules, giving you full control over how much revenue you can generate for each spot.
One of the unique advantages of using Spot Hero as a host is the ability to adjust prices based on timeframes. You have the flexibility to set different rates based on demand and supply factors like events in town or seasons of peak travel. This means that during busy periods such as concerts or major sports events, prices for parking could be higher than weekends with minimal activity.
Spot Hero’s impact extends beyond personal profitability and reach into alleviating inconveniences associated with driving in densely populated areas by providing accessible private parking options even in busy cities. Ranging from a few dollars per hour or more depending on location choices on offer.
Using Spot Hero’s innovative solutions to make money from idle assets paves the way for further opportunities towards homesharing (Airbnb), pool rental options, boarding services for pets etc…
Looking to make some extra cash? CurbFlip lets you rent out your driveway to desperate parkers, because why let that empty space go to waste?
CurbFlip
The platform that allows homeowners to lease their unused parking spaces is called CurbFlip. With CurbFlip, homeowners can easily rent out their driveway or garage for others to park in and charge a fee for it. Along with offering a convenient option for drivers, CurbFlip also provides an income opportunity for homeowners.
CurbFlip includes features that make the process straightforward and efficient for both renters and homeowners. Renters can easily search for available parking spots in their desired area, while owners can utilize the platform’s automatic payment system to make receiving payments simple.
A unique aspect of CurbFlip is its focus on safety and trust. The platform uses rigorous background checks and identity verification measures to ensure a safe rental experience for all parties involved.
Pro Tip: Consider setting competitive pricing to attract more renters on the CurbFlip platform.
Stow It, because there’s no better feeling than making money from empty space.
Stow It
One option for monetizing a vacant home is to consider utilizing storage opportunities. A few companies that offer solutions in this space include Spot Hero, CurbFlip, JustPark, and Stow It. Stow It focuses specifically on storage solutions, offering a marketplace for homeowners with extra space to connect with people seeking storage options. Homeowners can rent out garage or basement space, while renters can securely store their belongings. In addition to earning income from unused spaces within one’s own home, services like Stow It offer an opportunity to help others fill the need for space.
A unique aspect of Stow It is their ability to provide tailored insurance policies for both the homeowner and the renter. This ensures that all parties are protected in case of unexpected damage or loss. With over 200 available markets throughout the United States, Stow It offers a range of options for those looking for extra storage space.
It is interesting to note that similar to other platforms in this article like Neighbor and Airbnb, Stow It utilizes a peer-to-peer model where individuals have the opportunity to connect directly with each other for mutually beneficial arrangements.
Finding a parking spot is like finding a needle in a haystack, but with JustPark, your unused parking space can be the needle everyone is looking for.
JustPark
The app allows hosts to lease their available parking spots to people seeking parking solutions.
Hosts can decide on the pricing and availability of their space, and receive payments directly through the platform.
JustPark has a user-friendly interface, making it easy for hosts to manage their listings and incoming requests.
The platform also provides liability insurance coverage for any damage caused by guests using the parking spaces.
With JustPark, hosts have the flexibility to monetize their vacant parking spaces in an efficient and secure manner.
JustPark’s success can be seen in its current market position as one of the leading platforms for offering unused parking spaces.
Need a place to stash your stuff? These storage opportunities have got you covered.
Storage Opportunities
Utilizing your vacant house for storage purposes can provide you with lucrative storage opportunities. Companies like Neighbor and Stache offer a unique form of storage leasing where individuals can rent out their unused space for various storage needs, including but not limited to, larger items like automobiles, boats, and furniture.
Neighborhood businesses can benefit from being able to lease inventoried stock within an available space, rather than renting out dedicated warehouse storage. These companies employ comprehensive security measures over spaces leased and allow early termination upon agreement between the two parties.
In addition to traditional storage leasing companies, there are also online peer-to-peer platforms like Airbnb that provide hosts with the opportunities to lease spare rooms as a small-scale storage unit. Hosts can list household spaces such as attic or basement areas, freezers, refrigerators or wine cellars for storing perishables or other specialty items at customs agreements and rental fees.
Moreover Neighbor employs insurance provided by Lloyd’s of London – a company that is recognized globally for securing all manner of assets – ensure customers’ valuables remain safe & secure while contracted through their system.
Neighbor: Because why not make some extra cash by renting out your storage space to strangers, and potentially discover some hidden treasures in the process.
Neighbor
Providing unique storage opportunities, ‘Neighbor‘ is an online marketplace that enables homeowners to rent out their unused spaces to people who need them. With Neighbor’s peer-to-peer storage offerings, homeowners can turn their extra space into passive income without investing any time or money in marketing or managing the rental process. The platform handles everything from listing the space to collecting payments and even provides insurance for added protection.
In addition to traditional indoor storage solutions, ‘Neighbor’ also offers outdoor parking spaces for boats and RVs. By utilizing this service, homeowners can earn a steady stream of income for an asset that would otherwise be sitting idle.
What sets ‘Neighbor’ apart from other storage rental platforms is its focus on building relationships between renters and hosts. Instead of treating rentals as transactions, the platform encourages personal interactions between renters and hosts by offering customizable rental agreements and messaging features that allow them to communicate directly.
A true fact – According to Forbes, ‘Neighbor’ currently boasts a network of over 16,000 hosts across the United States.
Stache gives your extra storage space a purpose other than hiding your terrible fashion choices.
Stache
Moreover, Stache has an easy-to-use platform that allows renters to search for available storage spaces by location and size so they can find a suitable option for their needs. Once they have found a suitable space, renters can make payments and track reservations through the platform. For security purposes, stache provides liability insurance protection of up to $1 Million per booking.
In addition to providing affordable storage options, Stache also offers several benefits such as flexible rental terms and no long-term commitments. This makes it an ideal option for people who only need short-term storage space solutions.
A user by the name of Sarah used stache to store her personal items while she was in between apartments. She found it very convenient as she could easily rent storage space close to her workplace which made it easier for her to retrieve her belongings when needed.
Get ready to impress your dinner guests and your bank account with these culinary hosting opportunities.
Culinary Hosting Opportunities
As a homeowner with a vacant house, I’m always looking for creative ways to use the space to generate extra income. That’s why I’ve been exploring culinary hosting opportunities. With two potential options, hosting a dinner party or starting a meal prep service, I can turn my vacant house into a space to build connections and offer unique culinary experiences.
Let’s dive into each option and explore the potential earnings and logistics behind becoming a culinary host. According to Forbes, the meal-kit industry alone is projected to grow to nearly $20 billion by 2027, so there is no better time to explore culinary entrepreneurial pursuits.
Host a Dinner Party
For individuals who want to host a dinner party, there are several options to monetize empty spaces or simply maximize your capabilities as a host.
- Offer cooking and hosting services for your guests in a professional setup.
- Use apps like EatWith that connect hosts with those looking for home-cooked meals.
- Consider renting out part of the home for the dinner party through platforms like Airbnb or HomeExchange.
- Host a potluck-style event and charge an entrance fee to create a community atmosphere.
Unique information on this topic can be found in engaging local chefs to provide culinary experiences or offering themed events.
To make the most of hosting a dinner party, it’s important to consider various factors like preferred dining set up, themes, incorporating live music or entertainment. Offering premium wines will also be attractive to guests and increase revenue as well.
Who needs a personal chef when you can start your own meal prep service from the comfort of your vacant house?
Start a Meal Prep Service
For individuals with culinary savvy and passion for cooking, monetizing their vacant house is now possible by venturing into the world of meal prep services. Here are some steps to consider:
- Start by developing a menu of healthy and delicious pre-cooked meals that clients can order.
- Identify an efficient mode of delivery or pickup for your customers, be it through in-person delivery or designated pick-up centers.
- Establish a user-friendly online ordering system complete with menu options and payment facilities to help streamline orders.
To add value to the meal prep service, consider offering customized menu options for individual dietary preferences such as Keto and vegan diets using only fresh locally sourced ingredients.
With traditional dining establishments taking a hit due to COVID-19 restrictions, the market demand for food delivery services has significantly increased. Therefore, starting a meal prep service where customers can have nutritious home-cooked meals delivered right at their doorstep offers convenience while meeting their health goals. Don’t miss out on this lucrative opportunity to monetize your vacant house and start a meal prep service today.
Share your home and make memories (or nightmares) with strangers through Airbnb, VRBO, or HomeExchange.
Homesharing Opportunities
I’m talking about the Homesharing Opportunities for monetizing my vacant house. Turning my empty house into a profitable venture can be easier than I think. One way to get started is by utilizing the homesharing concept. Homesharing allows me to list all or part of my home for people to rent over a period of time. There are several homesharing platforms available, such as Airbnb, VRBO, and HomeExchange. Let’s take a closer look at these platforms and how they can help me earn money from my vacant house.
Airbnb
Airbnb is a popular platform for homesharing is available for homeowners – ‘Home sharing through online marketplaces.’ One of the top platforms in this category is Airbnb. It allows homeowners to list their property as a vacation rental and earn money by hosting guests on a short-term basis.
Airbnb offers a range of benefits to its users, including flexible pricing options, the ability to screen guests before accepting bookings, and insurance coverage for both hosts and guests. Hosts can also set specific rules and guidelines for their guests, ensuring that their property is well-maintained during the stay.
Unique details about Airbnb include its global presence with listings available in over 220 countries and regions worldwide. The platform also provides users with features such as instant booking and smart pricing tools that optimize rates based on market demand.
As suggestions, Hosts should consider offering unique experiences to guests such as local tours or personalized recommendations of nearby attractions. Also, they must provide high-quality photographs of their property and ensure that it is clean and welcoming. Additionally, responding promptly to guest inquiries can help increase bookings and drive positive reviews.
Take your staycation to the next level with VRBO’s wide selection of unique and affordable vacation rentals.
VRBO
One option for monetizing a vacant house is through the online platform VRBO, which allows homeowners to list their property as a vacation rental. Using VRBO’s interface, properties can be customized to match specific types of travelers or groups and offer the opportunity to earn passive income while letting guests enjoy the home away from home experience. High-quality photos and detailed descriptions can help attract renters and generate positive reviews, ultimately increasing booking rates.
Furthermore, listed properties are searchable based on location, price range, number of guests, amenities offered, and more. Integrating flexible booking options such as instant bookings or 24-hour cancellation policies can also increase rental rates. With over two million listings worldwide and a user-friendly platform accessible via desktop or mobile device, VRBO offers extensive opportunities for property owners looking to monetize their vacant homes.
VRBO has proven successful in allowing homeowners to gain extra income by utilizing unused spaces in their homes as vacation rentals. Homeowners interested in participating in this program must ensure that they adhere to all necessary regulations set forth by local governments regarding renting out rooms within residential neighborhoods. By being responsible hosts and providing clean environments with accommodating amenities, homeowners can create a steady flow of income through rentals while maintaining their homes’ integrity.
Overall, VRBO is an excellent opportunity for homeowners looking to monetize an unused space in their home without committing long term leases with tenants. The company offers a seamless experience for both hosts and renters alike while offering competitive pricing options suitable for all travel budgets.
Swap homes with strangers and pray they don’t steal your stuff – HomeExchange.
HomeExchange
One option for monetizing a vacant house is through the use of Homesharing Opportunities. This involves renting out an entire home to travelers looking for a place to stay. HomeExchange is one such opportunity that allows homeowners to swap houses with others in different locations, enabling them to experience new cultures and environments without incurring accommodation costs.
HomeExchange provides the homeowner with a platform to list their home free of charge and connect with other members globally. Unlike other rental opportunities, this option eliminates the need for cash transactions, making it less complex while offering unique experiences yourself or your family can enjoy.
An added advantage of HomeExchange is that users can customize their searches using filters like location, duration of visit, number of people traveling, and so on. The number of properties listed on HomeExchange also ensures there are options available for everyone’s budget.
A French woman once swapped her Parisian flat with someone in Australia for six months through HomeExchange. She was able to explore a new culture while living like a local without any extra accommodation costs incurred.
“Renting out my home for a short-term stay is like sending it to summer camp, but instead of macramé bracelets and s’mores, it’s all about luxury vacations and five-star reviews.”
Short-Term Rentals
Renting out your vacant property for a short period can be an effective way to earn revenue. Properties that are rented for less than 30 days fall under the category of temporary rentals. These short-term rentals provide flexibility for homeowners who may not want long-term tenants and are perfect for tourists and business travelers who require house, Inn, apartment or even an RV, for a brief period. They are also popular amongst individuals organizing events like weddings and corporate meetings.
Short-term rentals are an excellent revenue generator since they often fetch higher rental rates than long-term rentals. Additionally, they do not require the same level of investment as long-term rentals, such as extensive decor, and can be rented out in less time. Short-term rentals also foster a feeling of community, as they promote interaction between homeowners and vacationers.
A unique aspect of short-term rentals is that they can be managed remotely, allowing homeowners to rent out a property to tourists even if they live in another location. Furthermore, the number of vacation rental platforms available online makes it easier for homeowners to list their property. In fact, according to a study by SmartAsset, Airbnb alone had over four million listings in 2020.
According to Forbes, the top three destinations for short-term rentals in the US are Myrtle Beach, Florida, and Nashville.
Pet Care Opportunities
After unsuccessfully trying to sell my vacant house, I was looking for creative ways to generate income from it. I came across an interesting solution that not only generates revenue but offers a rewarding experience – Pet Care Opportunities. By offering services such as dog walking and pet sitting, as well as boarding, my vacant house could be transformed into a pet-friendly oasis for furry friends.
In this section, we’ll explore two main avenues of pet care as monetization options for vacant properties – Dog Walking and Pet Sitting Services, and Boarding Services.
Dog Walking and Pet Sitting Services
This monetization opportunity involves offering services related to the care of pets, specifically dog walking and pet sitting.
- Providing dog walking and pet sitting services can generate additional income for homeowners with vacant properties.
- Homeowners can advertise these services via online platforms that cater to pet owners seeking quality, affordable pet care solutions.
- Services can be tailored to meet specific client needs, such as daily or weekly schedules, individual dietary requirements, or specialized medical attention.
- Providers may need to obtain necessary permits or licenses from local and state authorities before launching a business in this field.
- Dog walking and pet sitting services require providers to have experience working with animals, a passion for animal welfare, strong communication and organizational skills, and the ability to handle emergency situations calmly.
- Providers should also prioritize animals’ health and safety by ensuring their vaccinations are up-to-date, taking measures to prevent the spread of infectious diseases, and monitoring any changes in behavior that could indicate illness or distress.
When providing dog walking and pet sitting services for pets that have never been cared for before it’s important that providers build trust with pets by showing them love and patience even when they’re frustrated. This will make it more likely that pets will feel comfortable entrusting their lives with their new provider.
One time in summer 2019, I was hired for dog walking services by an elderly couple who enjoy going out every evening but couldn’t bear leaving their little four-legged friend behind. The elderly lady told me about her story whereby she had lost her previous two dogs due to sicknesses while handling everything alone since her husband was bedridden. Despite having paid trained professionals for veterinary advice & follow-up check-ups during his first dog’s ailment, nothing seemed adequate at diagnosis time which resulted in the loss of both dogs eventually. Her sincere lamentations prompted me to keep close tabs on my furry friend during the walks while recommending veterinary clinics around town should she ever need one – everything went smoothly in the end.
If you can’t bear the thought of leaving your pets behind, turn your home into a purr-fect paradise for pet boarding services.
Boarding Services
Boarding options for pets are an ideal way to earn money from your vacant property. By utilizing the sharing economy, you can make your home functional even while away.
- Boarding Service is the professional care of a pet in an individual’s home.
- This type of arrangement often includes walking or playing with the pet as well as ensuring that they are eating and drinking properly.
- Boarding Services also provide overnight boarding with feeding and exercising.
- Animals can be left in their own kennels if desired, and more social pets may be integrated into the caretaker’s household.
- This service can be used by those who travel frequently or need temporary housing for their pets during a move or renovation project, etc.
- These services can also provide great benefits to aging animals that prefer fewer stimuli than traditional kennel boarding environments offer.
Pets, especially dogs, are known for reducing stress, anxiety and loneliness. Therefore, homeowners who offer such boarding services can produce a compelling argument that it is in both their guests’ and themselves’ best interests.
Pro Tip- It is crucial to ensure that both owners and pets feel comfortable before introducing them by having a meet-and-greet appointment.
Make a splash and monetize your pool with these rental opportunities that’ll have guests diving into their wallets.
Swimming Pool Rental Opportunities
Swimming Pool Rental Opportunities:
If you own a swimming pool that isn’t always in use, you can take advantage of the potential rental opportunities. Here are some ways to monetize your pool:
- Offer your pool for rent on websites like Swimply or Pools Without Borders.
- Create a membership program for regular pool users.
- Rent out your pool for events like pool parties, weddings, and photoshoots.
- Consider offering swimming lessons or hosting aqua aerobics classes to attract clients.
- Partner with local swim teams or lifeguard training schools to rent out your pool for practice sessions.
If you have a unique pool design, amenities, or features like a waterfall or swim-up bar, mention them in your rental listings to attract more customers. Finally, don’t miss out on the opportunity to earn extra income by renting out your swimming pool, just be sure to follow all local laws and safety regulations.
Photo-Film Shoots & Events
With the rise in demand for unique event locations, property owners have an opportunity to monetize their vacant houses by opening them up for photo-film shoots and events. These events can provide a stream of extra income and also attract potential buyers or renters. Property owners can work with event planners to ensure that their spaces meet the required standards for hosting events. By providing desirable and Instagram-worthy locations, owners can create a niche in the events industry and potentially become a hotspot for photo-film shoots and events in the future. In addition to providing income, this also increases exposure and helps to build networks within the industry.
Land Leasing Opportunities
The Possibility of Leasing Your Land
Maximizing your vacant land’s potential is easy with land leasing opportunities. By leasing out your land, you can earn passive income without the responsibilities of maintaining a property. With experienced tenants, you can trust that your land will be taken care of and used effectively. Additionally, leasing land for community gardens and events can foster relationships between you and the local community. Consider exploring land leasing opportunities to monetize your vacant property.
Leasing your land can provide unique benefits that are not often discussed. For example, leasing for solar installations can provide eco-friendly energy and add value to your land. Another option to consider is leasing for recreation purposes such as hunting or fishing. These opportunities can provide a steady flow of income while also preserving the natural beauty of your land. Take advantage of the wide range of leasing options available to maximize your land’s potential.
A real success story of land leasing opportunities is the case of a farmer who had unused land but lacked the resources to farm it. They explored leasing their land for renewable energy purposes and now have a consistent source of income while contributing to a sustainable future. With leasing options available to suit a range of needs, consider the possibility for adding value and generating revenue through land leasing opportunities.
Shared Equity Contracts
Shared Equity Arrangements: A Smart Option for a Vacant House
Looking for a smart option to monetize your vacant house? Consider shared equity arrangements. Shared equity contracts provide a way for you to share ownership of your property with an investor. This allows you to receive money upfront while still retaining some ownership of the property.
These arrangements are a great way to access capital for your vacant house without having to sell the property outright. Instead, the equity in the property is split between you and your investor. This allows you to benefit from any increases in property value while also receiving funds upfront.
Under a shared equity arrangement, you can rent out your property and share the rental income with your investor. This can be a profitable way to generate income while also building wealth over time. Additionally, if you decide to sell the property, you will share the profits with your investor based on each person’s equity stake in the property.
To make the most of a shared equity arrangement, be sure to work with a reputable investor and thoroughly analyze the terms of the contract. This can help ensure that you are getting the best return on your investment and that the arrangement is beneficial for both parties involved. With shared equity contracts, you can monetize your vacant house and benefit from future property appreciation, all while retaining some ownership of your property.
Monetizing a Vacant House: Maximizing Profits
Monetizing a vacant house can be a great way to earn extra income. It is important to consider different options to maximize profits, such as short-term rentals or finding a long-term tenant. Assessing location, market trends, and property management needs is crucial in determining the best method to monetize the house. Additionally, offering unique amenities and ensuring the property is well-maintained can attract more prospective tenants.
Tip: Conduct thorough research and consult with a professional to make informed decisions on monetizing a vacant house.
Despite the emptiness of this article, I hope it filled a void in your day.
Facts About Monetization Options for My Vacant House:
- Homeowners can rent their unused parking spaces with platforms like SpotHero and CurbFlip. (Source: Team Research)
- Neighbor and Stache are marketplaces that provide storage solutions for homeowners with unused space. (Source: Team Research)
- Homeowners who enjoy cooking and entertaining can monetize this passion through culinary hosting on platforms like EatWith. (Source: Team Research)
- Homesharing through platforms like Airbnb is a popular way for homeowners to earn extra income from their unused homes or rooms. (Source: Team Research)
- Land leasing is another monetization option for homeowners with unused land, using platforms like Vrbo and Hipcamp. (Source: Team Research)
FAQs about Monetization Options For My Vacant House
What are some monetization options for my vacant house?
There are several income opportunities for homeowners with idle properties. You can utilize peer-to-peer marketplaces and platforms like Neighbor, Stache, and JustPark to lease your unused storage spaces, parking spots, or even swimming pools. You can also explore short-term rental options like Culinary Hosting and Homesharing, as well as shared equity contracts and land leasing.
What factors do I need to consider before monetizing my vacant house?
Before signing up for any monetization programs, it is crucial to research and comply with local laws and licensing requirements, as well as understand the tax and insurance implications and commercial liability involved. You also need to take safety and security precautions, and ensure that your property’s homeowners association (HOA) does not restrict any monetization activities.
How can I make the most out of my parking space marketplaces?
You can maximize your income potential by segmenting multiple reservation plans per space, such as day-time weekdays, night-time weekdays, weekends, and event parking. Some popular parking space marketplaces include Spot Hero, CurbFlip, JustPark, and Stow It.
What are the benefits of leasing my unused storage spaces?
Leasing unused storage space is the next easiest way to generate income after parking spaces, as it typically doesn’t require any day-to-day interactions with customers or frequent access to your property’s interior. Peer-to-peer storage marketplaces like Neighbor and Stache provide convenient nearby storage with flexible and affordable terms.
How can I earn money from my swimming pool?
You can list your pool on peer-to-peer marketplaces like Swimply, which allow homeowners to rent their swimming pools to nearby families and individuals for parties, events, or just a refreshing swim. You can set flexible prices and schedules, and generate cash flow from your extra property.
What are some investment strategies for maximizing my property profitability?
Some investment strategies include flipping properties, conducting market analysis and valuation, optimizing property utilization and maintenance, advertising your property effectively, and drafting a clear rental agreement. You also need to consider the tax implications and insurance coverage of your property investment.
