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Would you?

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Midgie
Midgie Posts: 104 Forumite
edited 4 February 2014 at 12:40PM in Debt-free wannabe
Opinions please!

Would you rent out your house for a couple of weeks?

I might have the opportunity to rent my house out to a visiting family for a decent amount of money. I'm not convinced but it would help pay off debts.

Would you do it?


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  • frugalmacdugal
    frugalmacdugal Posts: 10,077 Forumite
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    Hi,

    well if you're close to any big sporting event, like golf, some folk do it for the time of the tournament, and they hit the sun, aye go for it, though, I think there might be tax implications.
  • Midgie
    Midgie Posts: 104 Forumite
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    Thanks for replying.

    Yeah - its for the Commonwealth Games.

    I'll have to check the ins and outs of it but I'm very tempted! Every penny helps!
    Moving to financial freedom!
  • Madchickenlady
    Madchickenlady Posts: 94 Forumite
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    I would if I could be sure they wouldn't trash the place
    Always have too much month for my money
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  • Tixy
    Tixy Posts: 31,455 Forumite
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    I personally wouldn't. I think its a great idea in principle and I have a friend who does, but I couldn't, I am too private a person and a bit of a hoarder.

    If I had a minimalist life and a very clean tidy organised house I suppose I might think differently.
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  • Midgie
    Midgie Posts: 104 Forumite
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    That's definitely a concern.
    Moving to financial freedom!
  • good_advice
    good_advice Posts: 2,653 Forumite
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    I think your house would had to be free of all clutter and personal objects.
    Rental insurance?
    The secret to success is making very small, yet constant changes.:)
  • Midgie
    Midgie Posts: 104 Forumite
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    I'm quite a private person but I'm hoping to move house when I pay off my debts so I think I'm becoming detached from the place.

    I think it would be a bit weird BUT it would make a big difference towards paying of debt and that might make it worth it?
    Moving to financial freedom!
  • frugalmacdugal
    frugalmacdugal Posts: 10,077 Forumite
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    Hi,

    remembered an old thread on same topic some time ago, might get some tips here.
  • beanielou
    beanielou Posts: 90,937 Ambassador
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    I think it is a good idea :)
    I would do it to help reduce debt if I could do it for a worthwhile amount.
    It would only be during the games for you which is only a couple of weeks?
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  • arbroath_lass
    arbroath_lass Posts: 1,607 Forumite
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    Where would you live? If you have somewhere to go then, yes, I'd do it.
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