Miss Thrifty

Thanks to Miss Thrifty reader Meg, over at the funkyncheap blog, who got in touch after reading the recent post about ways to make money from your house.

She writes:

One thing I wanted to mention – and am encouraging those who live in and around London to do – is to get the house sorted and be ready to rent rooms out for the 2012 Olympics. Kids can double up for a couple weeks – or if you are really frugal, get everyone to camp in one room and rent out the others.

I figure you can rent a double room for £150 a night. You could provide a breakfast: fresh fruit, muffins, juice, tea, coffee, or homemade granola. It wouldn’t break the bank! Think about it: if you have three rooms that you can rent, that amounts to £6,300 for two weeks. That is what some make in a year! It would take some arranging, such as a posted shower timetable. I would also charge extra to do laundry – say £5 a load… Maybe it would cost you £500 for water, electricity etc. – but heck, that is still £5,800 profit! Slap that down on your mortgage and watch the principle tumble.

Bah! I live 250 miles out of London. But it’s certainly an idea for the super-organised amongst us…

Update: This post was selected for the 185th Carnival of Debt Reduction.

Image credit: Meagan.