Friday, 9 January 2009

Making most of your spare room - homestay

instead of letting a spare room out through normal letting which you will get £180-£250/ room and you have to let it all time of the year.

If you either let through B&B or become a host family for international students, you can charge £100-£170/week and only have to let when you want to in short term. That is potentially £600/month / room. That money is equivalent to 25 hours/ week in part time job.

Have you considered this? Maybe pass it onto someone who can benefit from this idea.

If you own the house, it seems to be very easy to sign up and become a host family when you want to, short stay as 1 day to 14 days. Sometime 3 months.

http://www.homestayweb.com/search.cgi?F13=GB&F21f=0&F21t=999999&F14=ALL
http://www.homestays.co.uk/
http://www.englishinthenorth.org/members/the-sheffield-college_p14.html
http://www.amberaccommodation.com/
http://www.homestaybooking.com/guests-for-uk


there are also sites, where there is a community where you can let like B&B style just for Japanese, Chinese or Korean people.

I thought, if you own an house with 4 bed and rent 3 out like this way, the cashflow is huge even it's not let all through the year!

Multiple Income = Large Income

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