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SANTA CLARA, Calif., Sept. 23, 2021/ PRNewswire/-- In today's sharing economy, current property buyers are extremely open up to using their home as a way to create income and offset expenses. discovered that while many owners are utilizing traditional techniques such as taking on a roommate, some are likewise employing more innovative strategies when it concerns generating income from their house, such as leasing their outdoor area or parking spot.

"For individuals looking to take benefit of the sharing economy, in addition to traditional approaches it may be worthwhile to explore creative solutions, such as listing your house as a vacation rental when you leave town, or renting your outside area or swimming pool. Even  Read This  of income every month can multiply over a year or more and can develop into larger returns.

Thirty-two percent of customers have currently leased a room, space or outdoor function of their property, the majority of commonly handling a long-term roomie (10%) or leasing a room on a short-term basis such as on Airbnb (8%). Imaginative rental services that customers have utilized include: Leasing outside spaces such as a parking spot (7%), or a yard/pool (6%).

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Customers said that the biggest reason to lease part or all of their home was: Extra income to conserve (53%), extra pocket money (37%), to lessen the burden of general regular monthly expenditures (35%), to balance out major house expenditures such as the home mortgage (29%), and to cover a household trip (16%).

A surprising 16% of individuals would rent a space to anyone if they really needed the cash. Current purchasers were less choosy about vetting, with 32% saying they would lease to someone they know and 23% being open to anyone. Among all participants, long-term tenants (24%) were preferred to medium-term (21%) or short-term tenants (18%)."It is very important to bear in mind that while today's sharing economy may make it sound simple to make rental income off of your house, there are many factors to think about prior to taking the leap.