Extra Income: This Person Made £ 12,000 By Renting Available Space – Exclusive Sneak Peek | Personal Finances | Finance

0

Receiving extra income is welcome at the best of times, but finding it now will likely make the difference between financial hardship and survival. There are many methods available to find a secondary income or a cash generator, but much of it relies on work or trading.

Finding income this way will be difficult at this time as businesses and sole proprietorships are tightening budgets or simply shutting down.

Fortunately, it is possible to earn money by using the available “space”.

Stashbee is an online platform that allows people with unused free space to connect with businesses who want to use it.

This free space can be rented out to people for a fixed monthly price and while obvious examples can be used such as warehouses and containers, it is also possible to list other niche options such as lofts, outbuildings. and parking spaces.

READ MORE: ISA warning: New data shows many haven’t registered at all

“It was by doing a simple Google search that I discovered that I could rent the free space in my house, not to other members of the public who could maybe play loud music in the middle of the house. night or be a nuisance because of a million for other reasons, but rather to people who only needed a little space to store their extra belongings and would not need to access it only on an ad hoc basis.

At first glance, this type of setup may seem very niche.

Some people may think that there are just not enough people who want to use free space in this way, but Hassan’s experience proves that there is a lot of demand available.

As he continued, “I couldn’t believe how many storage guests I gained in my first 6 months of signing up to Stashbee!

“Since then I have seen former clients relocate and with Stashbee’s reach across London and the surrounding counties, I have never run out of guests.

“Fortunately for me, I had quite a few new guests to replace the older ones.”

It appears that London, which is densely populated, has a high demand for available space.

This could also be the case for other big cities in the UK like Liverpool or Manchester.

Large cities like this also have a noticeably high cost of living that could be offset by this service.

Rents in particular can be particularly difficult, a fact Hassan was well aware of.

When asked what he was using the extra income for, he detailed: “I use the extra income to help pay my rental costs and it definitely alleviates the financial burden that comes with renting in London.”

Renters in the UK may suffer right now as rental costs are generally higher than mortgages.

Fortunately, the government has introduced new legislation that suspends evictions from rented social or private housing during this troubling time.


Source link

Leave A Reply

Your email address will not be published.