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Rent Out A Small Space

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With the meteoric rise of websites like Air BnB, it’s no surprise that many people are trying to hop on this gold rush. Anyone can make an account, set up some basic information, and begin renting something as small as a single room. However, there are a few things that you need to do before you just rent out a room or a smaller space. Let Stop and Store Victoria show you how to rent out a small space.

Rent A Small Space

These general rules also apply to larger spaces, even entire homes. The process might be longer, but it’s the same idea.

Appearance Is Everything

Sure, you could just take any old photos and throw them up on a rental site, but your chances of renting seriously decline. The price you demand is also going to take a hit, as no one will pay top dollar for a place that seems unkempt or from an owner that couldn’t be bothered to take some nice photos. So get to it, clean and scrub that place until its perfect. If you don’t have a good camera, hit craigslist and hire a photographer, they don’t have to be expensive.

Fix The Broken Things

Grab your toolbox and fix everything that’s broken or may need repair in the near future. It takes only a few bad reviews to make sure no one else rents your place out again. If you can’t fix it on your own, hire a handyman and put him to work asap. Think of these expenses as an investment. The better your space is, the more will rent and the more money you will make.

Choose Your Market

It’s your space after all so now you need to decide what types of people you want to rent to. The good thing behind rental sites like Air BnB is that you, the owner, has the power to accept or decline renters. When someone requests a booking, you see their history, age, and a photo. You can even request to speak with them beforehand. If you live in a party area of town, and a group of 21 years old’s request to book, you can expect some partying, so decide beforehand whether you want to cater to this market. Renting a smaller space out isn’t hard, it’s easier than a big one and it’s a great way to make some extra cash. If you have space, why not?

 

If you decide to rent out space, you can store some of the more valuable items with us at our secure self storage facility in Victoria, BC.

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