If you have an empty property then you will know how important it is for you to make money from it. After all, the longer the property is left empty for, the more money you will lose on it and this can cause you to get into a lot of debt for no reason at all. Empty houses may not seem like a big deal but you have to remember that you are still paying for the mortgage, the council tax, the heating and more. You may even be paying for the insurance on the house as well but if your property is left empty for extended periods of time then you may not even be insured at all.
If you have an empty house then it may be possible for you to offer it to a location agency. TV crews and filmmakers are always looking for empty properties to work in and it is much cheaper for them to rent a property than it is to try and construct a real one on a set. The problem is that these can be hard to arrange and most of the time your home will need to be in fantastic condition but you never know and there is no reason why your home can’t be an option. Another bonus is that the film crew will cover the payments and the legal side of things as well so you won’t have to worry about a thing.
Short Term Rentals
Short term rentals are ideal if you want to rent out your property for a few weeks or even a few days. If you have a home that is close to the city then consider sites such as AirBNB. The idea behind this is very simple and all you have to do is advertise your property to say that it is open to guests. When you have done this, guests will then make the payment and you can make money without doing anything at all. You can get way more money by renting out your property on a weekly basis when compared to renting it out full-time and it also gives you a lot of flexibility regarding the property as well. This can make it very easy for you to sell when you need and if your home becomes a hit, there could be a lot of money to be made.
If you are not willing to let go of your property then why not look into equity release? If you want to find out “what is equity release?” then you can find plenty of information on the internet. Of course, when you do this you will be entering a contract and when the time does come for you to sell your home you will have to pay it back, but it is a great way for you to get regular payments or even a one-off payment for your property. This can help you to make some money from your empty property while you figure out what to do with it.