The everyday hustling and bustling are enough to wear anybody out. As a student, expenses are piling up day after day. You would realize that after a bill is paid, automatically another one pops up waiting to be attended to.
Aside from the bills that the school demands, there could also be personal bills that need to be taken care of. It could be clothes, room maintenance, electricity bills, transportation fee, and a lot more.
With all these bills staring at you, there should be a means where you can make some extra cash so that the everyday responsibility doesn’t wear you out. In this article, you’ll learn the easy process of making money as a temporary landlord.
Is It Possible To Be A Temporary Landlord?
There are many ways to earn money in this modern generation, but among the many ways, being a temporary landlord gives you the liberty to earn while you cross your leg.
Yes, it is possible to be a temporary landlord and make some extra cash for yourself. The beauty of this is that you don’t even need to “own” the property, room or apartment to earn.
Not naïve about the fact that to be a landlord will require you own an apartment and you lease it out through an agent or you simply get someone yourself to occupy the room for a minimum of 6 months or more.
This is true, but with the help of hostel.ng, you can be a student and still get a chance to lease out your room or apartment for a lesser time, maybe a few days or more depending on its availability.
How Does the Temporary Landlord Model Work?
As stated earlier, you don’t need to “own” the apartment to be able to lease it out. As long as it is yours for a time frame, you can lease it out on hostel.ng to make it available for anyone for a few days. In case you are still confused about the whole thing, permit me to paint you a quick picture.
Imagine Mr. A stays in a nice apartment in school, and he pays the landlord/caretaker a certain amount of money annually. Let’s assume he pays 150,000 naira annually, which is either less or more, but the figure doesn’t matter right now.
Let’s now assume, Mr. A will be away from school for a month, a few weeks or a few days to attend to one or two things at home, or probably when the school is on holiday or observing a strike. Mr. A thinks to himself “What will happen to my room while I’m gone? It will be empty with nobody using it but yet the house rent is running”. Then Mr. A came across hostel.ng where he can lease out his nice apartment while he is away to anyone who might need a temporary stay.
You might be wondering how possible is this, why should I lease out my room, what about the things I have in the room, and how do I prevent my personal belongings from strangers?
To answer the question of “who will want to rent my hostel apartment temporarily”
- Businessmen in town on an assignment who need a place to stay for a day or two, but will prefer more affordable lodgings than a hotel.
- Students who come around for entry exams
- Rooms can be used for shooting video podcast if it looks like what a guest wants
- Rooms can be used for temporary mini-events, and so on…
Hostel.ng connects your room to anyone who might need a quick place to stay.
What Do I Need To Be A Temporary Landlord?
To be a temporary landlord with your room hosted on hostel.ng, there are a few things that need to be checked, they include.
1. The room is neat and good looking :
Sadly, we don’t accept every room. This is because every guest needs to feel at home when they choose to crash somewhere quickly for a day or a few more days. So, if you have a nice apartment and you want to make some extra cash, your room needs to be in proper shape.
2. You need to have an account to lease your room on hostel.ng
Creating an account on hostel.ng is as easy as spinning a bottle. Simply visit www.hostel.ng use the button “Become a host”, fill out the necessary details, and voila you’re in.
3. Take quality images of the room:
As stated earlier, you don’t want to get things looking all dark and unattractive. After you’ve ticked the room to be neat and attractive, you definitely also want to take a better image of it so when you upload it on hostel.ng it isn’t declined.
It is better you use a mobile with a high-resolution camera or simply get a digital camera to take the images.
4. Provide details about the room :
After you have taken nice pictures that are “attractive” and uploaded them, you should also provide details of the amenities/facilities that come with the room. Things like beds, tables, fridges, refrigerators, toilets, TV, and others. This is to ensure we know if anything is damaged or not when an inspection is done. Feel relaxed, this is for insurance purposes.
5. Provide your account details
Lastly, you will also need to provide your account details so that when the guest checks out of your apartment, you can get paid automatically after 24 hours.
With these few things, you are set to become a temporary landlord and start earning in hostel.ng
Conclusion
Being a temporary landlord feels like a good deal, don’t you think? As a student who needs a side hustle that pays and that doesn’t require much effort to pull through, this is a good deal for you. Simply visit www.hostel.ng and become a temporary landlord today.
