Turning Your Extra Room Into a Rental

In this age of the gig economy, a lot of people are traveling the world. The main contributing factor for all this is online work. Although not everyone can make money staying on their laptops all day, one can make money facilitating this.

Rise of Couch Surfing

The rise of couch surfing as an alternative to hotel room booking has made it easier to travel the world. Do you live in an area that is frequently visited by tourists? Then this might be your chance to make some money from renting the extra room in your home. Talking to established companies like Sun West Mortgage, you get to understand the extent to which this is changing the real estate market.

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What Is Needed

All you need to do is refurbish that room that is not in use. Connect your home with stable internet and list it on any of the coach surfing apps that are available online. For some people, they have decided to grow this from just one room to an entire house. Firms like Sun West Mortgage provide loans that can be used to buy homes and rent them out.

Investing in real estate does not have to be that trivial. You can start by renting a room in your house. Over time you can grow this business as well as your real estate portfolio.