Many OFWs are not only separated from their family, but also from their home or condominium unit. They are unable to maintain their home or condo unit while working overseas. As a result, there is a chance that the property may become vacant.
The monthly amortization and payment charges will grow if the property is left vacant. The OFW is responsible for paying for the empty property. The expenditures incurred would rise in tandem with the payment increase. Over time, a loss of money could occur due to expenses without no returns.
For them, this condition has is a major issue. The OFW will lose their capacity to enjoy their house and property if this situation continues, but the vacant house or condo may be utilized in different ways. The OFW might make use of the available area or space in unoccupied houses and condos.
The real estate business has experienced a surge in recent years. Many individuals are buying houses or condominiums to rent out for a short period of time. This is a fantastic method to provide an extra income and it is legal in many countries and cities.
Online platforms like Airbnb and Booking.com transformed the short-term rental sector. These websites have made it more simple than ever to travel and find a place to call home, by allowing property owners to market their homes and connect with visitors searching for a place to stay.
The thought of renting out your house to commercial producers may seem strange, yet it is a growing trend in Europe and the US. According to a recent report by the American Institute of Certified Public Accountants, the average consumer spends roughly 10% of their monthly income on rent, so why not make a little money while you sleep? It is passive income, and the money might be a great addition to your regular income.
Allowing someone else to make use of part of your property, frees you up to work on other initiatives that will help you generate more money, such as starting a business.
Renting a traditional self-storage space can be expensive. For that reason, some budget-minded renters are looking to save money, by finding alternative storage for their extra stuff.
The good news is, you can rent out your empty or under utilised space as storage. By signing up as a Keeper at leeveit, you can start earning from your unoccupied house, condo, or empty room. Any space that is not fully in use can be listed; you can start earning as soon as you are verified and validated!
leeveit is a platform that matches storage seekers with Keepers who have available space and can utilise their empty space for extra earnings. We offer effortless bookings and seamless transactions through easy-to-use dashboards that help keep the leeveit experience clear and simple.
Our rigorous ID and safety checks help establish a community of trust and our insurance policy gives our users the complimentary reassurance that their belongings are in good hands.
If you want to know more about the role of a keeper within leeveit, click here!
We hope that this was useful to you!