Passive Income Ideas That Actually Work

Rent out a Room in Your House

Have a large house with extra rooms rarely put to use? Or going on vacation and don’t want to leave the house empty? You can turn it into a short-term rental for those that don’t like staying at a hotel. Post your rooms on Airbnb and get maid service so you don’t spend much time cleaning. Some people earn as much as $1,000 a month, which means the returns are pretty amazing. Worried about someone stealing or breaking something? No need to. AirBNB’s host coverage insures for up to $1,000,000 in damage or loss. Keep in mind that incidents of theft or damage are uncommon. With that said, it’s advisable to only accept bookings from guests with positive reviews.