Photo by Ján Jakub Naništa on Unsplash
Sometimes you work from your apartment, and sometimes your apartment works for you. Making money from your apartment can be a way to turn a hobby into a full-time job. Alternatively, you can use it to make supplemental income each month. Let’s take a look at effective ways you can maximize your apartment’s money-making potential.
Rent Out Your Apartment
First and foremost, let’s talk about legality. That is, not all leases allow other people to occupy your apartment, whether it’s just a room or an entire floor. Therefore, make sure you read your lease and talk to your landlord before you go through with any of the money-making maneuvers on this list.
With that said, Airbnb is a great tool for easily renting out your apartment for short periods of time. Therefore, if you live in a big city and have a new upscale apartment, you can easily make money from a spare room or when you’re out of town.
You can also sublet your apartment for an extended period of time. This process would require you to draw up some paperwork. However, if you’re going on vacation for a month, for instance, it makes sense to find a tenant to sublet to. If you find someone you already know or someone recommended by friends or family, it can help smooth things over with the landlord.
Lights, Camera, Action
Have you ever imagined your living room in the opening scene of the next summer thriller or featured in one of your favorite magazines? Magazine and film studios are always looking for a place to stage, and your modern apartment might be the perfect fit. All you need to do is apply your apartment to a few agencies and hope for the best.
Student filmmakers are always looking for locations, too. Allowing them to use your apartment for a few days can be a great income-making opportunity if you live near a college.
Work as a Freelancer
This requires your talents in addition to a dedicated work space within your apartment. Whether you’re looking to work as a freelance writer, computer programmer, or graphic designer, becoming part of the gig economy can pay huge dividends.
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Pet or Babysit
Do you love animals? Does your lease allow them in your apartment? If so, you can start up a dog-walking or pet sitting business in your free time. This can be a messy endeavor, so make sure you’re ready to deal with scratched furniture or pet stains.
Similarly, babysitting can be a lucrative opportunity, and parents are always looking for reliable, safe childcare options. If you’re good with kids, you can babysit a couple of hours each week and charge $100 per child. That’s a cool $800 extra a month for a few hours of your time.
Put Your Apartment to Work for You
Your apartment can be more than just the place where you hang out after work. Put it to work for you, and enjoy some additional income from your apartment.