From Empty Space to Extra Cash
Traveling is an incredibly enriching experience that allows us to explore new places, immerse ourselves in different cultures and create lifelong memories. However, leaving your house empty while you're away can sometimes feel wasteful and unproductive. Luckily, there are various ways to turn your empty house into a money-making asset. In this article, we will explore the top three ways of renting out your house while traveling, including listing your home for travelers or as a studio space and renting out a parking space.
1. Listing Your Home for Travelers
One of the most popular and lucrative ways to make money with your empty house is by listing it as a vacation rental. Websites like Airbnb and VRBO make it easy for homeowners to connect with travelers looking for a unique and comfortable place to stay. To get started, create an account on one or more platforms and set up a compelling listing for your property.
Include high-quality photos, a detailed description of your home's amenities and any special features that make it stand out. Setting competitive and flexible pricing can attract more guests. Ensure that your calendar is up-to-date to avoid any conflicts with potential bookings.
Set clear rules and expectations for guests, such as check-in and check-out times, house rules and any restrictions. During your travels, consider hiring a property management service to handle the day-to-day tasks of hosting, such as cleaning, check-ins and maintenance.
2. Listing Your Home as a Studio Space
If your home has an aesthetically pleasing interior or unique architectural features, consider listing it as a studio space for photoshoots or filming. Many photographers, filmmakers and content creators are constantly on the lookout for distinctive locations that add character to their work. By renting out your empty house, you can not only make money but also showcase your interior design skills and potentially get your home featured in various media productions.
Create a listing on platforms like Peerspace, where you can showcase your home's potential as a creative space. Highlight any unique elements such as natural lighting, stylish décor or versatile rooms that can serve various purposes. Consider staging different rooms to showcase their versatility. Specify any restrictions or guidelines for use and set a reasonable rental rate based on the size and appeal of your home.
3. Renting Out a Parking Space
If your property includes a parking space, or extra spaces, renting it out can be a steady source of income, especially if you live in a high-demand area. Platforms like JustPark allow homeowners to list their parking spaces for rent, providing a convenient solution for commuters, event-goers or residents in need of parking.
Create a listing with accurate details about your parking space, including its location, accessibility, and security features. Make sure to check for high-demand events occurring in your area, like concerts and conventions, and set a competitive price. Regularly check the platform for inquiries and ensure that the space is easily accessible for renters. If your space is exposed to the elements, ensure that you have someone who can come and keep the area clear of snow and debris.
Listing Platforms
To successfully implement these money-making strategies, make sure you take advantage of the power of the various online listing platforms. Here are some popular listing sites.
- Airbnb: Airbnb is a global platform that connects hosts with travelers seeking unique accommodations. It allows the host to create a compelling listing, set competitive prices and communicate promptly with potential guests. Airbnb is a great option for making money from your property.
- VRBO: VRBO, which stands for Vacation Rental By Owner, allows homeowners to rent out their properties directly to vacationers. It's known for its user-friendly interface and extensive property listings.
- Peerspace: Peerspace is a platform specifically designed for renting out creative spaces, making it ideal for listing your home as a studio space for photoshoots, filming or events.
- JustPark: JustPark is a platform that connects property owners with individuals needing parking spaces. List your parking space with accurate details and competitive pricing to attract potential renters.
Empty House, Full Pockets
Making money with your empty house while traveling is a smart and practical way to offset some of your travel expenses. By leveraging platforms like Airbnb, VRBO, Peerspace and JustPark, you can unlock the earning potential of your vacant property. Whether you choose to host travelers, creative professionals or provide parking solutions, these methods allow you to turn your unused space into a valuable asset. Start by creating compelling listings, providing accurate details and embracing the opportunities that these platforms offer.
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