South Africans still invest property – here’s what to do with excess items
South Africans are fast catching on and are renting out their spare rooms, converting their outside staff quarters and garages into accommodation for student accommodation, travellers and short-term and longer-term stays for people from all walks of life. Applying for a bond is often unsuccessful which makes renting a room, cottage or space in someone’s home a rather attractive option.
For travellers, Airbnb is usually a cheaper possibility instead of the more expensive hotel room options; besides, Airbnb is a home away from home, with visitors often returning to the home comforts offered by generous hosts time and again.
Spaces used for Airbnb are usually furnished with comfortable beds, TVs, free Wi Fi, crockery, cutlery, laundry facilities, kettles, fridges and all the trimmings that go hand-in-glove with those awesome home comforts. But what if you decide – even on a temporary basis – to rent out your space more long-term and the tenant wants to bring his or her own furnishings on a longer-term basis? The chances are that you won’t want to rid your entire cottage of furniture and other small items – this is where self-storage will come in handy.
Replacing everything from scratch is not only terribly inconvenient – it could prove to be very expensive.
Property investors need a back-up plan whether their premises are being rented out furnished or unfurnished. Renting out rooms and spare space is a good way of earning extra income – think smart by getting your property to work for you and not the other way around.
Good tenants are like gold – their circumstances might change and when they do, self-storage is the best solution to temporary living arrangements and the best way to store all those items that are going to come in handy sometime in the near future.