Got a driveway, garage or car space that isn't getting used? It could make you thousands.
But renting in the leafy Sydney suburb of Crows Nest on the lower north shore meant the young couple were pretty strapped for cash by the end of each week, quickly putting holidays and weekends away on the backburner.But after moving into their apartment, Patrick realised there was an asset at their rental that they weren’t using – but was in high demand by other residents in the area.
Both of us were taking public transport to work and realised we didn’t really need a car. Crows Nest is expensive, we didn’t need our parking space so decided to find someone who would rent it from us.” From weekends away in Jervis Bay, Byron Bay, the Blue Mountains and Kangaroo Valley – the pair put their $250 a month towards a rental car which they obtain through peer-to-peer sharing servicefor a weekend and typically find a camping spot to keep costs low. If, however, they didn’t spend their earnings, they’d have at least $3000 saved from an unused space.
A study conducted in the UK suggested homeowners could make upwards of $1900 simply by renting out their driveway to tourists – and it requires no hassle or preparation.
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