Side Hustles For People With Spare Space – Daily Business

It is widely discussed, both in real life and on social media, that we are living in a hustle culture, but this can be a positive development. It has never been easier to make some extra money on the side of your main income, especially if you have either time or space to spare.

Many people think you need a lot of spare time to take on a side hustle, but that is no longer true, especially with the rise of apps and platforms specifically designed to help you start one. Everyone has the potential to take on a side hustle, and this guide will walk you through the best options to consider, especially if you have spare space and limited time.

Extra space in your home

There are options for renting out whole houses, garages for storage, or even just a single room, either of these options is great if you are looking for ways to make some extra cash from a side hustle. You may be wondering why people would want to rent a single room in a house, but this is a great way to find more affordable accommodation for young professionals and older working professionals, given today’s very high housing costs. It can also be very desirable if your property is in a good location for people looking for this kind of accommodation, being close to the CBD of the city or somewhere that has good transport connections to big cities is a great draw too.

A second way to rent out your home for a side hustle is to host international students or students who have moved away to attend university in their home country. It can be hard to find good value accommodation as a student, so it could be quite a popular endeavour if you manage to advertise the space successfully. You could host undergraduate students seeking more affordable accommodation for a term or two, or a PhD student looking for a place to live while conducting a PhD or on a research trip to your town or city.

Short-term rentals to holiday makers can be an amazing way to make money, while you’re actually on holiday. Many people, these days, put their houses on Airbnb when they will be away for a week or more, so that when they are away, and thus, not using their house anyway, they can profit from renting out the space. Have a look at other similar properties in your area that are a comparable size so that you can come to a realistic decision on the price.

Parking space

Renting out car parking spaces, especially if you live near a city centre or train station, can be a brilliant side hustle because of the price of parking in a lot of places now. The price of parking is not the only issue for drivers these days, but also the scarcity of it and many people are familiar with the stress of pulling into a car park and circling for a space until they are late or almost late.

For the reasons above, it can also be a good idea to rent out a parking space, even if you charge slightly more for the parking space than other car parks, as many people will value the assurance they can still park even if they arrive slightly later than usual.

The key is advertising

The number one way to make these side hustles work for you is to make sure that people know that you’re doing them, similarly to casinos advertising a casino bonus for example. This may sound simple, but often the simplest things are the most important.

Advertising your property on websites like Airbnb is a great way to let people see photographs, prices and the property’s availability, too. You can easily increase or drop prices and update the house’s availability in the app, making it work for you.

The car parking spaces are also easy to advertise; they can be listed on apps like JustPark, along with availability and prices. This means that whilst you are at work or on holiday, you could make the space available, but you are able to change it to suit your life.

Social media groups can be a great way to share your side hustle because lots of people look for new homes, short-term rentals and solutions to other problems on sites like Facebook and Reddit, especially in location-based groups or even groups and forums for specific universities as well.

There are so many opportunities in using your space and making it work for you as a side hustle, even if you didn’t realise that they were there in the first place. The thing that makes these side hustles unique is that they do not require any time-intensive involvement to make them work and to get them to make you money. The parking side hustle is a great way to make money and has a very minimal impact on your life.

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