Lifestyle

Have a Spare Bedroom? You Could Earn $1,000 in This Texas City to Rent It Out

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Are you looking to make some extra money in 2018? Did you know that you could be earning money from the very space you call home? Houston was recently named by The Penny Hoarder as one of 15 U.S. cities where homeowners can earn $1,000 or more a month for renting out their spaces. According to The Penny Hoarder, by becoming an Airbnb host in Houston, you could rent out a private room for upwards to $1,793 or an entire home for $2,655 per month.

A Few Things to Consider Before Proceeding

rent

Photo: Unsplash/Annie Spratt

Before you embark on this type of money-making endeavor, make sure that it’s allowed. The Penny Hoarder recommends that you check the rules and regulations of home rentals as they vary by city. Make sure that you understand the laws where you live. Airbnb says it’s working with local governments to clarify these laws and make it easier for you to host. In the meantime, look into your city’s zoning and tax laws to make sure you’re good to go. If you rent, check your lease and talk to your landlord to get a thumbs up.

Is It Safe to Rent to a Stranger?

Renting to stranger
Photo: Unsplash/Jaelynn Castillo

Another question to ask is how safe is it to rent out a room in your home to a stranger? According to The Penny Hoarder, Airbnb works hard to build trust between hosts and guests. Here are a few ways that they do this. Airbnb has profile verifications in the app that help ensure users are telling the truth about who they are. You can also require guests to provide Airbnb with an ID to further verify their identity. And, hosts and guests review each other and flag suspicious profiles, so you’ll know whether a prospective guest has made trouble in the past.

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