• we cover more than 1,000 news per day, in 2 languages, and 83,000 stocks
Light Dark
it
italian it
english en

Side hustle expert: 4 great, easy, ‘low-maintenance' ways to make money from your house

www.nbcsandiego.com 14-12-2024 04:15 4 Minutes reading
For nearly seven years, as the founder, CEO and editor of SideHusl, I’ve devoted my time to researching and reviewing platforms that aim to help people make some extra money. A common question I’m asked is, “How can I turn what I already own into a side hustle?”If you find that you are house rich but cash poor, for example, there are actually a number of ways that you can use your home to make some passive income — and you don’t need a roommate to do it. Having sifted through over 500 online platforms, I’ve found that several allow you to monetize the space you live in by renting out pieces of it for a specific purpose, like storage. Best of all, these housing hustles are low-maintenance side gigs that don’t require a ton of time or effort on your part. Here is my best advice if you want to turn your home into a potentially lucrative side hustle. DON’T MISS: The ultimate guide to earning passive income online1. Rent storage spaceSome sites, including Neighbor and Stache, allow people with empty space to rent it out for storage. This can be part of an attic or basement, an empty bay in your garage, a room, a closet — even the space under your bed.All you need to do is measure the dimensions of your empty space, snap a few photos and come up with a fair price for renting it. Most peer-to-peer storage rental sites will provide guidance on average rates in your neighborhood. The price you charge is ultimately up to you.You can set restrictions. Most storage companies, including these platforms, bar weapons or anything hazardous, as well as any items of great worth such as artwork, cash, securities and jewelry, for example. And you can limit how often customers can access their goods and require that they call ahead.2. Make the yard a dog parkA site called Sniffspot connects people with fenced-off yards with pet owners who want a quiet place to play.Homeowners set their own rates, which typically range between $10 and $25 per hour, per animal. They determine whether to offer amenities, such as tennis balls and benches for pet-owners to sit down.All you have to do is post a profile, set your rates, and leave the gate unlocked. The site offers $1 million in liability protection for hosts, as well as limited damage coverage.3. Peddle your poolGot a swimming pool? It, too, can be rented by the hour through a site called Swimply.You simply need to publish a profile, set rates, snap photos and tell potential visitors what they get access to besides the pool and deck. For instance, is there a restroom or changing area they can use? Does the pool area have a barbecue that’s available for guests?Although these additional amenities are not a requirement for listing your pool, you’re likely to get more bookings with that type of extra amenity. Notably, Swimply also automatically provides liability and some damage coverage to protect hosts.4. Invite in film crews and photographersSeveral sites — including Giggster, Avvay and Peerspace — that specialize in finding unique venues for filming, photo shoots and events encourage you to list your house for rent by the hour. A house that might rent for $100 a night on Airbnb can rent for $100 an hour here.Renters are expected to leave the property in the same condition as they found it, so there generally isn’t a need to add a cleaning fee. However, you are allowed to add additional fees (like for a site representative or a cleaning fee), if you want to.You get to decide what kinds of events you’re willing to host, whether renters get access to the entire house or just parts of it, and the maximum number of people allowed. You also set your own rates and determine terms, like whether the renter needs to buy event insurance to host a party at your place, which I would highly recommend.You can also set minimum rental times of, say, four hours. That way you’ll know that whenever you get a booking, you’ll earn enough to make it worth your while.Kathy Kristof is founder of SideHusl.com, the web’s most comprehensive directory of side hustle platforms.Want to make extra money outside of your day job? Sign up for CNBC’s online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Info

Related news
4 ways I treat myself during the holidays—they all...
21.12.24 06:15
by nbcsandiego.com

4 ways I treat myself during the holidays—they all cost $0

I’ll admit it: I buy $7 oat milk cappuccinos and chocolate croissants before I run errands on Saturdays. When my friends indulge themselves in yoga classes and an afternoon of shopping, they call it “a Meg Day.”December Meg is different. Like the vast majority of Americans, I can’t avoid feeling stressed around the holidays. I have to tighten my budget to make sure I can afford cranberry-flavored cocktails at holiday parties and the $80 Skims bodysuit on my sister’s wish list — or risk credit card debt.But when it’s cold, it’s dark and the airports are packed with people who act like they’ve never been through a TSA line before, I need extra energy to meet my end-of-year deadlines. So, I’ve come up with a happy medium. I’m continuing my usual borderline-indulgent self-care routine, but I’m substituting activities that cost $0.Here are four ways I’m making a little extra time for myself this holiday season that aren’t chores, and don’t cost a dime.Free attractionsEvery city I’ve lived in, big or small, is full of twinkling lights and free or low-cost community events around the holidays.In New York, where I currently live, museums often have designated free or discounted timeslots. You can find other free events here — like tango lessons, silent discos or stargazing on The High Line — fairly easily on social media.DON’T MISS: The ultimate guide to earning passive income onlineWhen I lived In Adrian, Michigan, I checked local college, government and news websites — plus Eventbrite pages and Facebook groups — to find those events, from holiday concerts to tree lighting ceremonies.This year, I’m attending a lights show and going to a downtown Christmas market with my family back in Grand Rapids, Michigan. My sister promises that she’ll help me refrain from buying hot chocolate in a boot-shaped mug.Window shoppingDreaming about next year’s wardrobe instead of buying it is a fairly obvious way to save cash, if you have enough self-control. But window shopping is tricky for me. I’ll never be able to resist a discounted pair of Miista boots.Instead, I take different routes home so I can see as many holiday-decorated streets as possible — a different form of window shopping with fewer financial consequences. Sometimes, someone will leave their living room lights on, and I’ll catch glimpses of evergreen trees adorned in lights, gigantic reflective red bulbs, and paper angels.Some of my co-workers pursue similar activities that activate their senses, like trying on fragrances, shopping for candles or patrolling grocery store aisle for free samples. It’s a smart suggestion: Activating your five senses is a easy way to relieve anxiety, studies find.Turn my living room into a café — or my bathroom into a spaI have two hobbies I’m actually good at — ice skating and writing — and at least 12 I’ve tried once and never picked back up again. I’d like more time to master all of them.My editor had a good idea: Grab a cozy blanket, put on your favorite playlist, make yourself a fancy hot drink and practice...

Sentiment
0.12
Bearish/Bullish
50