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4 Easy Ways Your Home Can Make You Money in the GTA !
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How Your Home Can Make You Money

Become a landlord
Rent an apartment in your home. It could be a basement bachelor, a renovated attic, an entire floor or a detached, renovated garage. Renting an apartment can allow you to buy a house you might otherwise not be able to afford. Rents range from a few hundred dollars to more than $1,000 a month.

Parking Not Needed
Rent out your driveway or garage to people who need parking space (usually in major urban centres) or use garages as storage facilities for items that need to be kept indoors over winter, such as boats and motorcycles. But remember maintenance will be on you.

Host a student
Host an international student in your home by providing a separate bedroom and three meals a day. Homestays, as they are called, can last anywhere from a few days to a year, and students can range in age from 10 to 60. The host family is expected to spend quality time with the student, helping him adjust to a new culture and often a new language.
You can earn about $500 to $800 a month per student and can host more than one student.

Run a bed-and-breakfast
Offer one or more rooms in your home to travelers who are visiting your area.
Rates vary widely, from about $50 to $200 a night, depending on how luxurious the accommodations are and where you are located. Hot Spots like Toronto or Niagara always have tourists in need of affordable accommodation.

 

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Posted: Tuesday, December 09, 2014 2:46 PM by Sutton Realty

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