Travelling is something that everyone loves to do at heart. Exploring the world, embracing new cultures, sampling new foods and meeting new people can be an exhilarating experience.
But, did you know that it’s possible to actually make a little bit of money from your existing home while you’re away?
(This post may include affiliate links for more information see my disclaimer)
In fact, one of the most unique and feel-good ways to pay for your holiday is to actually rent out your home.
With this in mind, you could probably go on holiday indefinitely by renting out your home for long stretches of time and bouncing from one holiday destination to another.
Of course, it’s usually not that simple, but there are a couple of ways to actually make the process a little easier and to maximise the amount of profit you make.
There are legal hurdles to overcome if you want to rent out your home during a holiday
Of course, it’s not just a simple case of listing your property on a website and handing over the keys to your tenants.
What if they cause trouble for your neighbours? What if they end up destroying your home?
There are plenty of legal considerations to keep in mind, but a guaranteed rent management service may be able to take the stress off your hands especially if you’re leaving for long periods of time.
Some councils won’t allow short-term rent either unless you get permission, so make sure you’re not breaking any laws before you decide to list your property on a website like Airbnb.
While it can seem a little strange letting a stranger live in your home, there are laws to protect you and your property so that you can have peace of mind.
This includes insurance (which may cost you quite a bit depending on your home) and also whatever services your rent management partner offers.
Making your home more attractive for prospective tenants
Once you’ve got the legal considerations out of the way, it’s time to make your home more attractive for prospective tenants.
This means taking some flattering pictures of your place and locking away your personal belongings so that they don’t rummage through them.
Also, making sure that there are plenty of modern amenities that your guests can use.
You should try to get everything in your home fixed up and to pack away any kind of personal belongings so that your home appears more like a hotel than a home.
When taking pictures of your home, try to capture all of the important things such as each room, the place where they’ll be sleeping and the outdoor areas.
Give information on nearby amenities such as supermarkets, travel options and so on.
This will help attract more tenants and give you a higher chance of finding someone to rent out your home while you’re away on holiday.
So, if you’re looking for a unique way to make money while you’re away on holiday, consider renting out your home.
If it sounds like a lot of work, there are several rent management companies that would be more than willing to make the entire process easier for you.
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