Hello entrepreneur! I hope you are doing well. If you are looking for a business idea, then let me enlighten you about renting business idea.
Many a time we have a spare room in our houses. It is either due to any of the family member moved out or some of us intentionally keep a spare room for guests. But how often those rooms are utilized. It is mostly left as an extra space in the house which requires regular cleaning and maintenance. There are many elderly couples who are living alone after their children settled far away. They mostly have such space in their house.
If you happen to have extra room in your house, make a lucrative use of that. Rent it out for someone who might need a warm homely place to live in in a new city. This business does not demand any qualification, skill or knowledge but extra room in your place. Apart from monetary benefit, for elderly couples like I mentioned, having someone’s company in the house is very comforting.
When and how
If you have the extra room, you are good to go. Talking about how to proceed with the renting business idea, it is very simple. Spread the word by making use of fliers or social media. In case, it doesn’t come out fruitful, you can register yourself with AIR BNB and keep getting tenants as and when you require.