If you have a house or apartment, you have a way to make money. Every year, millions of people look for a temporary places to stay while traveling, and new services pop up all the time to let you rent your home (or rooms in it) to travelers.
The average host on these services makes approximately $1000 a month, but actual earnings can range from $200 as high as six figures, depending on how much property you have to sublet.
Check out one of these services to rent your home (or just a room in it) and make side cash. Be sure your insurance covers you before you do it though.
Also feel free to check out these top travel websites for when you decide to take your own vacation.
AirBnB is the most popular marketplace for peer-to-peer rentals. You can rent your whole place or just a room, hosting an experience for curious travelers. Just be weary of the AirBnB horror stories.
VRBO stands for “Vacation Rentals by Owner,” and it’s a go-to destination to rent your house out. Founded in 1995 by David and Lynn Clouse, it’s now part of the HomeAway family of websites.
You can make money by listing your property on Booking.com too. It’s not just for hotels and resorts run by corporations anymore. Booking.com understands roomsharing and homesharing are legitimate markets, and they cater to it in their popular marketplace. Listing here will get you exposure you can’t get on other sites.
HomeAway is Expedia’s answer to AirBnB, and you can list your vacation properties here to find short-term and long-term renters. You’ll also benefit from the connection to Expedia’s network of travel websites.
Owner Direct Vacation Rentals (not to be confused with Expedia’s Owner’s Direct, HomeAway’s sister site in the U.K.) has been helping homeowners rent their houses since 1995. The GUI is straight out of 1995 too, but it’s still an active marketplace worth listing on.
Flipkey is TripAdvisor’s peer-to-peer lodging marketplace. Listing your property here exposes you to the traffic pulled in by TripAdvisor’s large network of travel websites.
This London-based rental home marketplace was founded in 2009 and lets you list luxury properties for high-end rentals. If you have a premium house, you can make premium money.
You don’t need to rent your whole house – let people crash on your couch at Couchsurfing. Get to know people and show them around your town in a hostel environment.
HomeStay is an independent P2P marketplace created in 2011. It’s a smaller website with less traffic, but you make more per listing, so it’s worth looking into.
Nico and Elkie Nicholas founded RentalsCombined to provide another option for short- and long-term rentals. When you list your property here, you’ll also get a professional rental company that takes care of all the work for you (for a fee, of course).
And if you want to double down on your space, take a staycation at home while hosting other guests. There are plenty of ways to save money by keeping your mind occupied.