Making an extra $3,000 per month can give your finances a big boost.
The key is finding ways to make money that fit your skills, interests, and schedule. With a little creativity, you can make $3,000 or more per month without going to an office every day.
Below are 9 realistic ways to make an extra $3,000 each month at home. I’ll provide actionable tips to get started with each one.
Renting out a room on Airbnb can easily bring in $1,000 or more per month. All you need is a furnished room to host guests.
Getting started:
- Make sure your city allows short-term rentals. Get permits if required.
- Create a listing with photos, amenities, house rules, and pricing. Highlight what makes your space appealing.
- Set a competitive nightly rate based on comparable listings in your area.
- Require guests to book and pay through Airbnb for safety and convenience.
- Block off dates when the room is unavailable. Respond to booking inquiries promptly.
- Provide clean linens, toiletries, hangers, wi-fi, and anything else guests need.
- Leave guides on local restaurants and attractions. Be available as needed during stays.
With good reviews, you can easily net $1,500 or more per month after Airbnb’s fees. The income is fairly passive other than cleaning and maintenance between guests.
In cities, parking spots can be rented for $100 or more per month. Listing your unused driveway, garage or designated spot can make for easy passive income.
Getting started:
- Check city regulations on renting out parking spots. Get proper permits if needed.
- Determine a fair monthly rental rate based on location and demand. Sites like JustPark and ParqEx can provide estimates.
- List the parking spot on platforms like ParqEx and Craigslist with photos and details.
