9 Ways To Earn Passive Income From Your Home – News21USA

You might be surprised at how much money you could make from your property.

Between mortgage costs and the hidden costs of home ownership, we spend a lot of money on our homes.

But what if your home could give back a little? It is possible to put your home to work for you, generating additional income and offsetting some costs associated with it.

Below are several examples of ways you can make money from your home:

1. Store other people’s things

Now that you’ve sorted out your own clutter, use the extra space to store things that belong to other people.

That’s right, others may be willing to pay you to store their stuff in their attic, basement, or storage shed. The collaborative economy makes it possible. Visit websites like Neighbor.com, which connects you with people willing to pay to store their belongings in your extra space.

2. Rent parking space

Do you have space to park other people’s cars? If you live in a place where parking is hard to find, you can make money by renting out your unused parking space. Neighbor.com isn’t just for storage, it also lets you list your space so it can be found by people desperate for parking spaces.

Another option: If you live near an event location, consider offering parking in your driveway (or on your patio) to attendees. You may be able to make decent money in one night or over the course of a few days.

3. Rent a room to travelers

Make a room in your house available to those who pass through your area.

Listing an empty room on a site like Vrbo or Airbnb can earn you extra money. Plus, you have flexibility: you can decide what dates to open your home to other people.

A reputable site like Airbnb vets its travelers and offers insurance to help protect you.

4. Rent a “granny pod”

Don’t you feel comfortable with a stranger inside your house? Add a granny pod to your property and rent it out. A granny pod is a small house, usually prefabricated, that can be placed in a corner of your backyard.

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Another version of this is the tiny house. As long as you comply with local regulations, you can rent these homes to a permanent tenant or even use one as an Airbnb rental.

5. Rent your land

If you don’t want to pay the initial cost of a tiny home to put on your property, consider leasing your land for someone else’s tiny house.

List your available space online and you could earn a little extra money when someone parks their tiny house in your yard.

6. Rent your fenced garden to dog parents

It would be a shame to let an entire backyard go to waste, especially if it could generate income at the same time.

A site like Sniffspot allows you to turn the space outside your home into a private dog park. “You don’t have to be there or supervise,” especially when the company provides $2 million in liability insurance to hosts. And it all happens on your schedule: no dog will get hold of you to prevent your next barbecue.

7. Rent your pool

You can also take a dip and make some money by renting out your pool during the summer or, in some parts of the country, all year round.

CNBC reports that when COVID-19 shut down public pools, backyard pools became the new hot spot for those looking for a dip on a hot summer day.

A pool owner who rented his pool, Ned Gilardino of Aurora, Colorado, made $50,000 in the summer of 2020.

Intrigued? Check out Swimply, which connects pool renters with pool owners.

8. Sell your clutter

Sometimes it’s all about cleaning up the clutter and your property can help with this too.

Use your property to hold a garage sale so you can make money selling things you no longer want. For tips, check out “15 Tips for a Super Profitable Garage Sale.”

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Another option? Sell your unwanted stuff online. In “6 Websites That Will Sell Your Clutter for You,” we tell you how to do it without having to risk meeting the buyer in person, like you would when selling on Craigslist or OfferUp.

9. Pet Sit

Interested in making some furry friends? Use your home as a doggie daycare or even dog boarding.

Many pet owners don’t like to leave their pets alone on the weekend, or even during the day while they are at work.

If you have a flexible schedule and can accept four-legged family members into your home, look into Rover, a site that can connect you with people who need a pet sitter where you live.

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