Renting Out a Room (Airbnb): Renting out a spare room on Airbnb is a powerful way to generate passive income from underutilized space. Hosts set their own schedule, pricing, and house rules, offering short-term stays to travelers or long-term guests. Success depends on cleanliness, good photos, and guest communication. Airbnb handles bookings and payments, simplifying management. In high-demand areas, earnings can significantly offset rent or mortgage costs. With proper preparation and hospitality, it becomes a reliable side income. Ideal for homeowners or renters with extra space, it leverages existing assets with minimal daily effort once established.
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