Build Up Your Nest Egg Through Becoming a Boarder

The idea of people living in your house for months at a time might not sound very appealing, but in the age of the Internet, you have many options to fix that. For starters, who said anything about having people stay in your house for several months at a time? You could go on holiday and have your stay partially or even fully covered by people living in your home while you’re away. The premise here is that since it’s a short term vacation rental, they’re going to pay a lot more than someone paying a traditional landlord. You will give them full reign of the room or house while you’re away. They usually have to pay a deposit that they will get back once they have cleaned up after themselves and left things in good condition.

short-term-rental

But how do you find the demand? In the past before the Internet really got to this point, word of mouth was how people got these rooms filled. They’re not traditional hotels, so they can’t afford to pay for the heavy advertising runs that often pop up. But through online communities, rooms are able to be shared quickly and easily.

If you want to get a vacation rental, they’re cheaper than ever because the amount of inventory has increased. This means that great deals are waiting for you online, as long as you’re willing to check them out.

There are some do’s and don’ts when it comes to pulling this off that you’ll want to be aware of. A few tips for you are listed below. [Continue Reading…]