Home sharing at first can sound daunting, however when you break it down, it doesn't need to be as scary and overwhelming as it sounds.
Once you're comfortable with it, it can open up a world of possibilities and opportunties not only for you and your family, but those who rent your house.
Imagine going on holidays knowing that the cost of your holiday, or at least a portion of it is covered.
While you're away, you've rented out the house to a lovely young family who are taking their first holiday as a family. Not only do you have some extra spending money, you have a warm and fuzzy feeling that your home is creating part of a special, long lasting memory for this family.
You see, renting out your home doesn't need to be the scary unknown. It's about much more than just money. It's about these experiences, and connecting with others.
If you can prepare your home, so that any time you're planning a holiday you can rent it out that's pretty power thing.
You may be a family saving for your first home, a musician dreaming of recording for your first album or a single parent trying to keep on top of your mortage. Renting out your home or spare room can be a great way to help save for these goals.
Don't have a spare room you can rent out?
We've heard a ton of creative ways people are using platforms like AirBNB to meet their financial goals. Anything from renting out their couch, to staying at their parents house anytime their place has been rented out for the weekend. Even housesitting is an option!
The platforms are there available to you, it's just a matter of getting creative and finding the opportunities in your life.
"I love this video from AirBNB, as it really captures the emotional side of renting out your home. Watch it and you'll begin to see that it's about much more than just earning money. It's really about the people and their dreams!"
Insurance varies slightly platform to platform, however generally speaking most platforms have some kind of Host Protection Insurance. For example AirBNB, at time of writing this (Dec 2015) offer a USD $1 million coverage.
It is really important that you do your own due diligence to ensure that you are covered. This may mean having your own insurance company cover you for certain aspects as well.
If you're not sure where to start, there are a few consulting companies out there who can help you with these kind of things. Feel free to get in contact with us, and we can point you in the right direction.
There are a few elements here that may sound daughnting, but once you've done your research, setup your essentials and prepared your home, the pay off can be huge.
It may mean you get to take more holidays, get that record deal or peace of mind knowing your mortgage is covered.
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Hear some of the amazing stories and experiences that come from Car Sharing!