Got a spare room you could rent out to a lodger? Then you can make some serious money.
Thanks to the government’s Rent-A-Room scheme, you don’t pay any tax on the first £4,250 you earn each year through renting out a room. You can advertise your room online at sites like Easyroomate.
If you don't fancy taking in a lodger, there are other ways you can make money.
For instance, if you’ve had a clear out and sold a lot of your old stuff online (see point 3 above), you may well find yourself with a bit of extra space – so why not rent out that space for money?
Storemates brings together people who have spare space with people who need it. It’s up to you how much you charge for storing their stuff, but if you charge less than commercial storage companies you should get a steady stream of money coming in for practically no effort (£10 a week seems to be the going rate).
Or if you live near a popular city, airport, train station or attraction, you can rent out your driveway or parking space to other motorists for as much as £500 a month through sites such as Just Park
You can even make money by renting out your garden to campers through the site Campinmygarden. com.
