Get widget

Monday, April 25, 2016

Earning Supplemental Income: A DIY Approach to Renting a Spare Room -- Guest post

With the multitude of monthly expenses that we are responsible for, nothing feels better than earning a few extra dollars on the side. I personally love supplemental income and have been working on highlighting the different ways my readers can build a steady source of income leveraging their home as a money generating asset.

While I recently purchased a rental property to build a new ‘landlording’ business, this post is a DIY approach to a fantastic way anyone can generate a stream of income through the renting of a spare room in the home.

Renting out a spare room is perfect for empty nesters, families with larger homes, or even families looking to earn extra income while hanging out with fun people! The ‘Home-Rental’ sites like to advertise how easy it is to attract renters to your home, and I agree to an extent. The rental sites fail to explain all of the work it takes to set up the home for this project.  Without proper preparation for such an endeavor, you may find yourself or your family at risk. Especially if you are planning on sharing your home with strangers, I suggest you take the time to properly list and prepare to the best of your ability.


Services for Renting Your Home or Spare Room:

·       Short-term Rental sites such as AirBnB and HomeAway work fantastic for those living in a ‘vacation’ area. Most sites have great insurance policies and allow you to exchange messages with the prospective tenants before agreeing to a rental contract.

·       Long-term rentals can be a little more difficult, but all of the major real estate sites, such as Trulia,, and Zillow have some sort of protection for their users. I suggest staying away from Craigslist until you feel very comfortable with the way your rental unit is set up.

·       Alternatively, consider hosting exchange students. Almost all local high schools and universities have exchange programs with foreign institutions. Here is a fantastic resource to read before committing to an exchange program. These programs are a great way to earn a few extra dollars, have your family experience different cultures, and even potentially cultivate life-long friendships. Most programs are also heavily vetted and will provide great insurance policies for the hosting families.  

Cost Effective Landlord Tips:

Regardless of what service you use, I have put together a great DIY list to help prepare for the new renter. Following these tips will not only provide a cost effective way to rent a room, it will also keep everyone safe and cultivate an engaging setting that will culminate in a fantastic rental experience.

1.     Prepare ‘The Space’. Before posting the spare room on any website, work hard to ‘beautify’ the space for both the listing photos and the upcoming renter:
o   Buy soap, towels, laundry detergent, and other supplies in bulk. These amenities look fantastic in photos and can justify a slight increase in rent.
o   Make cleaning easy. Add screens to windows to reduce outside ‘junk’ and purchase easy to use vacuums or brooms that can easily reach under the beds. The less time cleaning in between guests, the more you will prosper from your ‘cleaning fee’.
o   Have a clear theme or ‘look’ to the space. Make sure the furniture matches the decorations; I like to use a throw rug to tie the room together. Sheets and blankets should match the room as well. If you are feeling extra special, you can add new paint to the walls.
o   Use a duvet instead of sheets. A duvet can be easily washed, but a full comforter can get damaged or be expensive to wash. Using a duvet will also result in less laundry and this means less time spent during the ‘cleaning phase’, resulting in more money in your pocket.
o   Set up a space in your kitchen for the guest’s ‘goods’. People like their own spaces and a note in the room description will be an added bonus amenity for your guests.
o   Get coffee in bulk and offer it. This is especially true for short term guests as people love coffee and enjoy that fruitful ‘free stuff’ feeling.

2.     Check Your Renters Out. This is one of the most important steps to take before officially renting the space. Be sure to keep your family safe. There are many services to use, but I personally use this resource from TransUnion as it provides information such as previous evictions that Airbnb or Home Away leave out. To take extra precautions, follow these tips:

o   Ask for references and actually follow-up with them.

o   Lock up expensive belongings in a safe when not at home.

o   Have a lock on all bedroom doors. The privacy of your guest is just as important as your own privacy.

o   Teach your children ‘the rules’ of interacting with strangers. In addition to being a safety precaution, this is a great learning opportunity to teach the difference between ‘friends’ and ‘strangers’ (if they don’t already know). 

3.     Provide Fun Activities. People often rent rooms instead of entire homes because they want interaction while on vacation. Hotels are fun, but they lack interpersonal connections. Your new rental space can be a perfect mixture of fun and privacy! Be sure to offer these activities without pressuring the guests to attend.

o   Offer daily breakfast. I love this perk, but remember to account for the cooking supplies in you rent.

o   If you have more than one room rented out for the long term, offer a potluck dinner once a month. It is always fun to see what people cook up for a shared dinner experience.

o   Create a PDF of local attractions, transportation options, and other pertinent information regarding your neighborhood.

o   Rent out your extra bicycle or car. If you are renting your car, make sure you call your insurance company first!

4.     Review Guests Properly. This is important for the ‘search results’ on the rental website as well as information for future landlords. It is important to ‘pay it forward’ as the phrase goes:

o   Provide accurate in-depth reviews. Don’t just write “My guest was great”. Provide examples of reasons why you enjoyed their presence. If the rental service asks for ways the guest can improve, be honest and avoid rude language.

o   Bad reviews can hurt rental listings! Some services do not offer an ‘explanation’ section if a rental experience goes poorly. I always like to wait until my guest reviews me first and review back accordingly.

o   Offer to become a future reference for your renters. I suggest mentioning this as they give back the keys. It may prompt a great review of your space!

Finally, if renting out rooms is not an option, there is another way to leverage your home. I love the following idea:

1.     Leverage the Backyard into a ‘Community Garden’. 

In my experience, almost everyone loves to garden. However not everyone has the physical space for such a stress reducing activity. After you build a few raised garden beds you can rent them out to aspiring gardeners. Consider these tips to get started:

o   Reach out to local garden communities and post a listing for a private garden space.
o   Supply the dirt, water, and tools for a nominal fee.

o   Keep the price low to start and as you build a reputation the rent can increase.

o   You can even start a website about your new garden community, write articles, gain sponsors, and earn supplemental income this way.

Now you should have all of the tools needed to rent out an extra room in your house and start earning some much deserved supplemental income. If you need help writing a great rental advertisement, check out this resource. I want to give a big shout out to Parentwin for the guest blogging opportunity!

Author Bio: Hank is an aspiring DIY and Home industry blogger. He loves everything about the home and garden and enjoys the smell of fresh cut grass. Check him out on Twitter and see what he is up to next! @homebyhank


  1. Hi, i would like to comment on Doctor Osemu Okpamen and his dealing with my need. I contacted him in desperation over my girlfriend of a year that broke up with me and went back to her EX-boyfriend. Consequently the break up has been devastating so much so that I've considered and still consider suicide as my only option to relieve the pain and agony in me. I felt heart broken and it affected me that i couldn't concentrate properly at my place of work for i very much loved her and need to get her back and my last chance was getting a love spell. I entered on the website and made contact with the Doctor for i read that he has a lot of positive feedback with his spells. I’m not disappointed because my lover came back to me within 24 hours after getting a love spell from the Doctor called Osemu Okpamen. We are happy couples now and if you need any kind of help, Email him on ( or whats-app +2348135254384 ). Michael Snapp, +1 (305) 647-6660 USA.

    1. Be warned most of these so called hackers are imposters, I have been ripped off twice already, thankfully my friend gave me a reliable contact, they work with discretion and deliver, they do all sort of hacking, (unrestricted and unnoticeable access to your partner/spouse phone and PC). i will prefer to let their services speak for itself. you can contact them through their mail account ( they will also help you to hack and change university grades. that easy.

  2. if your spouse cheats contact he helped mee hack my husband's phone and I caught him sexting and hooking up with other women,,,the evidence

    came in very handy in the divorce .you can mention that Lara referred you for a quick response and you might probably get a discount

  3. Thanks a lot for sharing such useful information here. Well, I just purchased an apartment in Luxury Real Estate Dove mountain. The apartment is so beautiful and spacious. I am also thinking to rent out apartment so this post would be quite helpful for me.

  4. i was lost with no hope for my husband was
    cheating and had always got away with it because i did not know how or always too scared to pin anything on him.
    with the help a friend who recommended me to cyberappshacker who help hack his phone,all his social applications, email, chat, sms and expose her for a cheater his is.
    I just want to say a big thank you to
    he understands how i felt and guided me every step. tell him from sara

  5. I must appreciate the way you have expressed your feelingsthrough your blog!..
    run 3 | Click jogos

  6. Because life only once, so from now on I will do what I like, playing the game yourself enthusiasts and go places you like. I do not want to later on when they get old, I have not regretted youth dared to do what I want.
    geometry dash l baixar musicas l retrica photo l b612 app l l run 2 l baixar snapchat

  7. I read deeply your article, the points you have mentioned in this article are useful. I am always pleased with what you bring to it very interesting and useful.
    Hostgator Promo Codes

  8. This is a great article. It gave me a lot of useful information. thank you very much. Can you play more games at :
    run 2 | supermechs | |run 2 game | wingsio | super mechs

  9. Hello everyone,my name is Kate Johnson.I was able to hack my husband's phone remotely and gained access to all His texts and calls with the help of, he is reliable and if you require his services tell him I referred you.

  10. Daughter, complex, thought many, was that the majority was very sensitive. So they are always disturbed with his happiness, always consider how data should live, how to work, how is a new true love.
    facebook entrar

  11. Home heating oil prices : High quality heating oil at the cheapest oil prices possible. As heating oil suppliers we pride ourselves on fast delivery and customer satisfaction

  12. Hello friends U Need Any Help on hacking for the following try i have used him so many times and he never fails me he is the best hacker i have ever employed . Thank me later.*Cheating Spouse *University grades changing *Bank accounts hack *Twitters hack *email accounts hack *Grade Changes hack *Website crashed hack *server crashed hack *Retrieval of lost file/documents *Erase criminal records hack *Databases hack *Sales of Dumps cards of all kinds *Untraceable Ip *Individual computers hack *Websites hack *Facebook hack *Control devices remotely hack *Burner Numbers hack *Verified Paypal Accounts hack *Any social media account hack *Android & iPhone Hack *Word Press Blogs hack *Text message interception hack *email interception hack contact: contact:+16066579237

  13. Life becomes more interesting and wonderful when you share your memorable moments with friends and family through unique photographs. You can create your own unique style impressed with image editing software. And after hours of work stress you can also

    dream league soccer
    subway surfer
    clash royale
    go launcher
    banana kong

  14. Winter has returned. I do not like because I can not stand the cold. But wearing loud clothes also quite interesting. I look like a cute bear
    whatsapp baixar
    Square Quick
    Geometry Dash
    Baixar Musicas

  15. I have learned how to work most effectively in a day, do you want me to just text me. I like sharing my knowledge with others.
    nội tiết tố nữ

  16. Spy app is your choice to solve family problems. For example, you have communication problems with your teenager son you can receive the access to phone’s data. Just click highster mobile app right now.



Related Posts Plugin for WordPress, Blogger...