Do you have multiple properties in or around Liverpool? Are you planning on moving abroad for work for a year or two before returning and do not want to sell your home? If either of these is you, have you considered looking at how you can make a profit from your empty accommodation?
Fortunately, there are numerous ways that you can make a profit from empty accommodation. If you have a vacant Liverpool home, here are a few ways you can make a profit.
Feature On Airbnb
Airbnb has become a popular way for landlords and those with additional housing spaces to make an extra income. It allows them to host guests to stay at their available accommodation for a set amount of time. However, managing an Airbnb can be a time-consuming task. If you don’t have the time to keep your listing updated and relevant, consider seeking support.
If you have an empty Liverpool home, such as an apartment or a house, why not consider utilising an Airbnb management in Liverpool site like GuestReady to help? These sites allow you to host your Airbnb in the city of Liverpool on their site. It will help with organising bookings, cleanings and check-ins and check-outs. Aside from helping with the administration, you might also notice an increase in bookings.
Look At Renting
Another option to consider is renting the property out to a tenant. You might have the additional home as an investment to make a regular income from it. Finding tenants to live in the space and rent it out is a simple and effective way to make that steady income. If you have no plans on moving into the space, renting it out to others is an excellent choice. You can put the house on the market for renters or go through a lettings agent – either way, and it could bring you one step closer to making a profit.
Properties in or around the city centre of Liverpool are highly desirable. The city is growing in population and interest, with more people moving there. If you have the space to rent out, you could make yourself a tidy income each month.
Rent Out Your Driveway
Finding parking can feel sometimes feel like a challenge. Attempting to find parking in a busy city like Liverpool can feel like an impossible task. One of the car parks in the city centre has recently been named one of the most expensive car parks in the UK. Many car parking spaces will have eye-watering fees for short- and long-term stays. Those working in the city and using their car to commute will likely want to find a parking space that will not cost them a significant portion of their monthly income. Some commuters might be fortunate enough that the company they work for has free parking, but even this might be limited to certain employees.
If your vacant home has a driveway and you live around or in the city centre, consider helping out commuters struggling with finding parking. Your empty driveway could allow you to make an extra income from renting it out to others. If you don’t have a driveway but have a parking space, you could also consider making a profit from your unused parking space. Research into how much others in the area are charging for a parking space and select a price that seems reasonable. Even if you do not have a car and are living on your property with a driveway or parking space, you could still make a profit from the vacant place to park.
Register It For Filming
Liverpool has been the home to many household name films and television shows filmed in and around the city. The latest film from the DC franchise ‘The Batman’ and the deeply beloved ‘Peaky Blinders’ was filmed in Liverpool. The city has incredible sites that make the ideal backdrop for many projects being filmed. As such, location scouts are always on the hunt for more properties to film at.
If you have a vacant property that you think could make an excellent backdrop for a TV drama or the ideal space for a photo shoot, look at registering your home as a photo shoot or filming location. You can add photos of your home and send in more if a location scout is interested to see more of your property.
In Summary
There you have it. An empty home does not have to be a vacant space that offers nothing. You can use some of the ways mentioned to help you make an income from your empty Liverpool home. With these alternative and potentially financially rewarding ideas, you can save what you have earned and put it towards something you have been saving for.
