Five reasons to become a host
Ever consider you could be getting more out of your spare bedroom?
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With MondaytoFriday you can rent out your spare bedroom for a few nights each week, keeping the place to yourself at weekends and earn an extra income to help cover the bills and more. You don’t have to declare a penny until you earn over £7,500. No complicated paperwork. No tax-return to worry about. Simple. Just an extra £625 in your bank account each month, which in light of the current cost of living crisis is more than welcome.
- An extra monthly income
MondaytoFridaying with the rent-a-room scheme allows you to rent out an extra room in a property you live in and earn £7,500 tax-free, providing you with a regular and reliable boost to your bank account. With the current cost of living crisis, this is a simple and easy way to cover the bills and give you a little extra to enjoy.
- Company
With many of us now living behind a screen or self-employed, taking in a lodger means an extra presence in the home coming and going, and someone to chat to at the end of the day and physically see outside of the Zoom calls.
- Keep on top of the chores!
It’s all too easy to fall into bad habits when we’re not expecting company, having a MondaytoFriday lodger is a helpful nudge to stay on top of the house maintenance, making the place a more enjoyable space to be in.
- Convenience
Unlike opening your home up for a tenant, by taking in a lodger you can enjoy the full property at your leisure on the weekends, while letting out a room during the busy week. It’s a solution that works for both parties, giving you an extra tax-free income that can fit into your lifestyle, and providing a lodger with the convenience of being close to their office for a few nights each week.
- Help the UK housing problem
With more people than rooms available to rent in cities across the UK, house sharing is a way to solve the housing problem and help people gain easier access to their places of work and city living.
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MondaytoFriday is the UK’s specialist in weekday lets for working individuals. We connect hosts with lodgers who are looking for a room closer to their office to stay a few nights each week, then return home for the weekend. Our MondaytoFridayers are looking for weekday accommodation across the country from Chester to Cardiff to Clapham. If you have a spare room to rent out, it’s simple to create an advert, find the right lodger for you and your home, and start enjoying a little extra.
For more tips, read our guide to hosting or take a look at our overview of MondaytoFridaying to learn more.