rental passive income

Do you have a spare room in your home? If so, what are your plans for it? If the room is just sitting there existing with no purpose, you are missing out on a trick. There is no reason why that spare room can’t start making you some extra income - and I’m going to give you a few ideas about what you can do right now. Let’s get started. Get a lodger Students and professionals that travel are always in need of accommodation, so why not open up your home to them and take on a lodger? You can offer them cheaper rates than they would have to pay for renting a house or apartment but still take in a significant extra sum each month. It’s a win-win situation for both of you, and as long as you don’t charge more than £7,500 each year, it’s all tax-free (as of 2016). The boutique hotel … [Read more...] about Boost Your Income By Renting Out Your Spare Room