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BLOG Rent out a room in your home

Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through online community. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.

Many people, when considering renting their property, believe that permanent lettings will ensure the best rental return and a hassle free investment. However renting a holiday property can be a highly profitable endeavour. 

Depending on the location of your property, it may be possible to charge the regular (permanent) monthly rent for just a one week holiday stay. Leasing your property for only 12 weeks a year as a holiday rental would then generate the same investment return as a permanent tenant. Any additional weeks simply increases your return and the property is still available for you to enjoy for your own holidays. 

If you would like more information, simply contact using the contact us page.

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