Rent out my room services are becoming more and more popular, as many people are capitalising on the spare room rental boom that is going on in the UK at the moment. If this is something you are thinking about, read on for all of the information you need to know.
More and more people across the UK are take advantage of the rent my room out trend that has taken off over the past couple of years. It is not only homeowners that are feeling the benefits, as tenants can also rent a room out. According to statistics, the spare room rental trend is growing at a rate of 23 per cent per year. Lodger incomes are an average of £506 per month across the UK, with this figure rising to £695 in London. As you can see, there is a lot of money to be made. And, with the many websites that are available for advertising spare rooms and spaces, it has never been easier or cheaper to find a roommate. All you need to do is take some good photographs and write a compelling description, and you can market your spare room online within a matter of minutes. Also, with the Rent a Room scheme, you can make up to £7,500 per annum without needing to pay any tax.
If you have a room that you want to rent out, Bellrooms Ltd, a leading rent out my room website, can assist. We can help you to find the perfect tenant. Simply fill out your details and we post your listing on our website. Our service is free for a limited period, so don’t delay: https://www.bellrooms.com/.