Ways to Make Quick Cash: Rent your home or room - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Ways to Make Quick Cash: Rent your home or room

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These days, everyone could use a little more cold hard cash. But how do you boost your income, without selling all your belongings or quitting your day job?

News 8's Marcella Lee has dug up dozens of creative and proven ways you can put more cash in your pocket right now.

In her first report in the series, she explored a popular trend: rent out your home or apartment while you're away to make some quick cash. Even just a few days a year can add up.

You can list your home, or just a room in your home, on the website AirBNB.com for free. There's a rating system for users, kind of like eBay, to help you get to know the people who use the site.

With a popular tourist destination such as San Diego, there's a big demand.  

Some of the prices people in San Diego are getting for their space range anywhere from $195 dollars a night for a cozy family house in Pacific Beach, to $47 a night for a private room in Clairemont Mesa East, just minutes to the beach, SeaWorld and the Zoo.

The key is to take a lot of good photos, showing your home and space. And to be open, friendly, and respond quickly to inquiries to build a network of reliable and positive reviews.

One San Diego couple we found turned their 2 bedroom place into their own B&B of sorts, renting their extra room in University Heights for $75 a night. People who've stayed there give them 5 stars for their excellent hospitality.  One reviewer says, "I stayed in this amazing place for 5 days, honestly it is better than a 5 star hotel. The room is spacious, clean and organized."

Another guest says, "This was just what I needed for a 1 night stop over in transit to Hawaii."
Yet another reviewer stayed the weekend of Comic Con when local hotels are notoriously hard to come by.

The host couple has nearly 50 reviewers.

So let's do the math. If each guest, on average, stayed 3 nights, at $75 a night that adds up to more than $10,000 dollars earned.

So if you like to meet people, have a clean place, and want to make extra cash, this could be a great option for you. Or if you're going on a trip, and want to rent out your entire place while you're gone to help pay for your vacation, check out AirBNB.com.

 

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