How to Make Extra Money from your Property.

In our line of work, we get to meet some awesome people and see some awesome ideas plus at the same time, one question we are asked is ideas to maximise the income potential on client’s investment properties.  Apart from renovation and sprucing up your property or properties which is another Blog post for another day, these few ideas provided may assist you to make some extra money from your property by maximising their potential.

For all our clients who have asked this question you know who you are and for all our clients that may want to know what the possibilities are available for your property or properties these details may spark, some ideas and we hope that these ideas add value to generate some additional income.

Now, from not desiring the responsibility to own or rent a home as for a German college student who lives on a moving train I don’t think I’d like the idea of washing my hair in the public bathroom, (read more to understand this idea by following this link) to traveling the world Couchsurfing for Free, however, there are others that want to own as many properties as financially possible and therefore we list a number of income generating ideas for your properties to take advantage of these available opportunities.

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Homecamp

 

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Do you have a patch of space in your back yard, driveway, or treehouse to rent out?

Homecamp is the brainchild of a French guy, David Alitbol came up with this great idea to rent out a patch of space for travellers to use.  The website enables you to list, advertise your patch of space to travellers to pitch a tent or park a van, and stay for a few days or longer with the added value you are paid.

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You get to accept the type of camper, being a tent, motorhome, or caravan you can accommodate and the number of people allowed to stay per time.

A cost effective way to get started with no real capital outlays.

Before you get to excited and jump all over this idea, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Additionally, we recommend checking with your local council first just in case you break any local laws.

Airbnb

 

airbnb

Most people by now would have heard of Airbnb.  As indication in their about us webpage, Airbnb provides world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetise their extra space and showcase it to an audience of millions.

That’s the secret ingredient right there, SHOWCASE your property to millions and make money.

I myself shared a room in a number of home share experience with my trip to Brazil for the 2014 world cup soccer, which we rented a room at some wonderful family homes and experienced their kind hospitality.

Airbnb have their own insurance cover however, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Creative Spaces

Creative Spaces website is more popular in our southern state clients however, it is a FREE website to LIST or FIND a Commercial or Residential rentable space to create back yard theatre productions, develop a new NASA robot, exhibit your grand masterpieces, or display your creative talents.

If you have the available space, you may as well put it to good use.

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The website allows you to list your space which you can generated income by the hour, day or per week.

Again, before you get to excited and jump all over this idea, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Parkhound

Make money out of your spare car park space.  Parkhound is a website that helps you list your spare car park space.

Parkhound is free to list your car space.

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For property owners close to the city, stadiums, entertainment centres, you could rent out that spare car space to earn some extra income.

Again, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Additionally, we recommend checking with your local council first just in case you break any local parking laws.

Find a Car Park

Find a Car Park is another website to list your car space to rent out.  Property homeowners and business owners who have an available place can earn extra income by advertising their spare spaces for either Rent or Sale.

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Again, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Additionally, we recommend checking with your local council first just in case you break any local parking laws.

Spacer

Spacer is a website that connects Hosts (people WITH space) to Renters (people who NEED space) in their neighbourhood.  The website enables you to rent out your space for self-storage, which acts as a link between Hosts with empty rooms and the Renter who needs storage space.  Within your property, you could have a spare room, garage, sheds, basements, room in your attic or even your backyard to rent out.

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Again, check with your insurance provider about Public Liability Insurance or for our clients who are with Allianz call 1300 484 586 or enquire here for a quote.

Additionally, we recommend checking with your local council first just in case you break any local laws by having large boats, trucks parked on your property.

The Granny Flat Boom

For those property owners with a large grassy back yard that you just wish you didn’t have to mow every weekend then this income idea maybe your properties redeeming feature.

Go build a Granny Flat or Second Dwelling as they are officially called!

More to follow next week on Granny Flat or Second Dwelling and How to make money from your property.

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