Ways Your Home Can Make You Money Without A Permanent Lodger

A lot of families are looking for ways to make money in light of the pandemic. If you have space in your home, you could take on a lodger. However, if you don’t want someone to live in your home permanently, there are other ways your home can make you money. This includes the following:

Rent Out Your Car Parking Space

Car space adverts are becoming more and more popular, as car parking spaces are becoming more of a premium You may be wondering if anyone would be interested in renting out your car parking space. Read on to discover about the different types of people that want to rent out car parking spaces. 

There are many different types of people that are looking for private car parking spaces to rent out. Firstly, there are those that work in busy cities. Car parking spaces are often hard to come by in such locations, and those that are available are very, very expensive. This can mean that office workers need to park their cars down random streets where there is little security, and so the fear of vandalism or any other type of damage is very real. Not only this, but some people need to park in one part of a city, and then get on the underground to get to their place of work because of limited parking. You could make their life a lot easier by offering them a private, convenient and secure place to park. 

Aside from this, if you live in an area where large events are often held, you should also consider placing a car parking space advert. At certain times throughout the year, you will be able to make a considerable profit, as there will be a large demand for parking spaces. 

Rent Out Your Garage

When looking at how money is created and the options available to you, renting out your garage may not be the first thing that comes to mind. However, this is a great option for anyone that has a garage that is simply sitting empty. Instead, it could be sitting full and making you some money in the process. It is an easy way to make some cash, but how do you go about it? 

If you are a business owner and you are using your private company as an entity to create a lease, you should be aware that operating leases have to be carefully reported in your accounts so as to comply with the latest Financial Accounting Standards Board (FASB)s standard, ASC 842. This provision is complicated and requires leases to be capitalized and reported on your balance sheet, so do consult your accountant about the ramifications of entering any form of lease.

If you want to rent out your garage, you can go about it in the same way as you would if you were to rent a room out or property out. All you need to do is post a listing on the Internet. If you want to move more quickly, you may want to engage the serices of an inbound closer to help you convert more leads into sales. Make sure you put together your advert well. Location is the most important quality when someone is looking for a car parking space, so this is what you should be advertising first and foremost. Other qualities such as security can also help to make your car parking space stand out. 

You may be wondering whether you should place an advert. Websites such as Gumtree may be appealing, but you can end up with a lot of time wasters on your hands. A lot of people assume that these websites are their only option when it comes to renting out a car parking space or garage, but there are dedicated websites for such spaces. One thing is for sure though, you should not have to spend a fortune to post on one of these websites, nor should you pick a site with promoted adverts. Last but not least, you should still make sure you put a contract together, even though it is only your garage you are renting out.

Renting Out A Space As An Office

Office space is something that a lot of tenants would be interested in. Office space is a sought-after commodity right now, and if you have a space available with a garage, all the better. Don’t let it sit there and gather dust. Instead, make a yearly income off it – it is a no-brainer.

So, if you have an office for rent, how do you go about it? Well, the first thing you need to do is compare prices in your area to get a good idea regarding the different prices that are being charged. You can increase your monthly rental fee by boosting the value of your office space by investing in equipment, for example. 

Another way to add value is to invest in receptionist services. It is touches like this that will make your office space really appealing to potential tenants. When looking for someone that wants to rent a room for business purposes, trust is so important. Take the time to choose a tenant with care. Attracting the right people is key, and this all begins with advertising in the right places. You also need to be honest and upfront regarding what you are looking for in your listing. Once you have found someone you are happy with, it is a good idea to create a letter of agreement between you and those that are going to be renting from you. This gives you an extra layer of protection.