Ways to make money in London 1
Sign up to Airbnb
Founded in 2007 as a kitchen table start-up, Airbnb is the global internet phenomenon that enables hosts to upload pictures of their guest rooms, set a price and wait for the bookings to come in.
The website now features more than two million homes in 190 countries, of which 81,000 are in the UK, and it’s showing no sign of letting up. In the UK alone, listings growth increased by a whopping 86 per cent last year.
Best way to make money from your home..
Uncluttered homes work best. Try to give the client a blank canvas and you will need to be very tidy.However, the extreme opposite can sometimes also apply.
Very cluttered homes with lots of quirky pieces are on trend, particularly those with a vintage feel.
Feature walls that are distressed or with paneling are also popular.
Make sure you have family space upstairs so you can get out of the way.
If you can’t be on hand during the shoot, make sure to be on the end of the phone in case of any problems.
Don’t rely on this as a main income stream. In most cases it supplements another wage.
A kitchen with a large island and the hobs behind it, are in high demand for cookery programmes.
Be open with the client about your schedule, for example, what time the kids come home.
Talk to your neighbours. An open dialogue about your hosting activity may help them feel more at ease.
Short-term rentals in London are subject to restrictions. If you are planning to rent out a room for more than 90 days you will need permission to change the use of your home.
The money you make is an income and is subject to tax. However, you may be entitled to “rent a room” relief.
Make sure there is no clause in your mortgage preventing you from renting out your property or room.