If you have a room or two sitting vacant in your home right now, there could be a few ways you could make money in as little as 24 hours. How much you make will depend on the size, where you’re located as well as the amenities available.
In today’s guide, I wanted to show you how to make money with an empty room in your house. No matter what the size may be, there’s money to be made. You just need to know where to look.
As in all of my guides, I’m 100% honest, only recommending reputable options.
How to Make Money With an Empty Room
Consider a Roommate
I’m going to list every option imaginable, and I feel this is one that many people won’t like. That’s okay.
If you’re comfortable renting out your room to a stranger, then it could be a decent way to make hundreds a month, depending on where you live. Of course, you now have to share your house, but to some, it’s worth it.
To find a decent roommate, consider screening for some on the Nextdoor app or even local Facebook groups. I used to promote Craigslist, but I feel the site isn’t nearly as relevant as it was years ago.
Rent out the Room Like a Hotel Room
This one is a bit different, as you can rent it out on your own time, similar to that of a hotel room.
Again, depending on where you live, you could make upwards of $100+ per day, maybe much more during a busy tourist season, etc.
What I recommend is taking a look at the websites mentioned prior and seeing what others are posting their rooms for. This can give you an indication as to what you could make in your area. Your results will vary.
Consider it as a Film Location
Yes, some movie/TV show producers/photographers may want your empty space or even your house for that matter as a studio for the day.
If you’re interested in renting out the room for the day, or again, your entire house, then consider posting what you have to offer on marketplaces such as Peerspace.com.
An empty room isn’t always in demand but it doesn’t hurt to at least list it to see if you can get any bites.
Host a Foreign Exchange Student
This one is similar to that of a roommate, only that the biggest difference is that you’re helping someone overseas with their education.
The great thing about hosting a foreign exchange student is that almost all placement services will pay you a stipend of sorts, usually close enough to pay your mortgage payment. Do keep in mind that if you go this route, you will have to commit for the entire school year, about nine months, on average.
If you’re interested, there are so many organizations to look into, such as AFS and EF, to name a few. Search “host an exchange student” to see the many organizations that can help you connect to a foreign exchange student in your area.
Turn it into a Storage Unit
People are always looking for storage units, and this is where you can come into the picture and undercut the competition nearby. Again, depending on your room size, this could fetch you up to $100 per month just for storing someone’s belongings.
Now, of course, they will have to visit every so often to retrieve their goods and you will be responsible for what’s there, but it is a way to make some cash without a person being there.
The nice thing about having an open room is that you could dedicate it to pets if you were to pet sit them at your home.
As long as you’re comfortable with pets, primarily dogs, it’s a great way to make more than $30 to $50 per night watching other pets. At night, or whenever you are away, you can simply confine the dogs to the empty room you turned into a pet boarding room of sorts.
If you have an empty room in your house, I hope one of these ideas can make you some money. As you can see, there’s something for everyone.
That’s going to wrap it up for now.
As always, if you want to add to the list or comment on what I have written, you’re more than welcome to do so in the comments below.
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