Whether you’re heading off on a long sabbatical or a retirement trip, planning an extended adventure can be exciting —but what happens to your house while you’re away?
For many travelers, renting out their property feels like a good option. It can fund your travels, keep your property well looked after, and even provide peace of mind knowing your home isn’t sitting empty.
However, it’s not without its challenges. Here’s a guide to help you decide whether renting out your home while traveling is right for you.
The Benefits of Renting Out Your Home
Offset Travel Costs
Renting out your home can generate a great income. Whether it’s a short weekend trip or a year-long adventure, the money you earn could cover your rent or mortgage and even help you pay off some of your travel expenses.
Avoid Leaving Your Property Vacant
An empty house can become a target for burglars. Renting it out means someone is at the house, keeping it secure and well-looked after.
Guests are also more likely to notice and tell you about issues like leaks or appliance failures, which can help prevent expensive damage.
Flexibility to Return
Unlike selling your home or ending a lease, renting lets you return to a familiar space whenever you’re back. This is particularly good for those taking shorter trips or planning a series of adventures.
Legals and Admin
Before listing your home, make sure you’re legally allowed to rent it out.
Homeowners may need approval from their mortgage lenders, and tenants will need permission to sublet. Additionally, either get to know local short-term rental regulations to avoid fines or penalties or work with a professional property manager to help you overcome them.
Emotional Concerns
Sharing your personal space with strangers can feel a bit strange. If the thought of someone sleeping in your bed or using your things makes you uncomfortable, renting might not be the right choice for you.
Potential for Damage or Disputes
While most guests are respectful, there’s always a risk of minor damages.
To avoid this, platforms like Airbnb offer insurance, and you can vet guests through reviews and communication before accepting them into your home.
Preparing Your Home for Rental
Setting up your home as a short-term rental involves more than just handing over the keys.
Here are some things you’ll need to go before:
Declutter
Remove personal items, including family photos, clothing, and valuable possessions. Guests prefer a neutral, hotel-like environment.
Lock private items in a secure room or drawer, or consider off-site storage.
Invest in Guest Comfort
Provide fresh bedding, towels, and toiletries exclusively for guests. Small touches like a welcome basket, local coffee, or fresh flowers can make the guest experience better and lead to glowing reviews.
Set Clear Rules
Set house rules in a guest manual, including guidelines for noise, parking, and using any appliances.
Install Security
Install smart locks or keyless entry systems to allow them to check in or enter the home easily. Make sure all smoke detectors, fire extinguishers, and first-aid kits are accessible and up-to-date.
Where to Store Your Items While Away
One of the biggest element of renting out your home is deciding what to do with your personal items. Here are a few options:
Self-Storage Units
Renting a storage unit is an excellent way to keep your items safe and out of the way.
Companies like The Box Co. allow you to store items by the box, so you only pay for the space you need. Storage units are especially useful for bulky furniture or sentimental items you don’t want guests to use.
On-Site Storage If you have extra space, lock personal items in a garage, basement, or closet. Magnetic locks are a good option for drawers and cabinets. Be sure to clearly label locked areas to avoid accidental damage.
Friends or Family Consider asking a friend or relative to store anything important. This option is cost-effective and adds a layer of security for valuable possessions.
Sell or Donate Unnecessary Items Use this opportunity to declutter. Selling or donating unused furniture, clothing, and decor can simplify your setup while generating extra cash.
If renting out your home feels overwhelming, consider these alternatives:
House Sitters or Swaps: House sitters can keep your property well-maintained in exchange for free lodging, while house swaps let you trade homes with another traveler.
Long-Term Rentals: Leasing your home to a single tenant requires less management but typically offers lower income.
Leaving It Vacant: If none of the above options appeal, you can leave your property empty but still deck it out with items like motion-sensor lights, mail holds, and monitored alarms.
Renting Your Home While Traveling
Renting out your home while on a big trip can be a rewarding way to fund your adventures, and keep your property safe.
However, it requires careful planning, clear communication, and a willingness to share your space. By thinking through the logistical and emotional aspects upfront, you can turn your home into a source of income and peace of mind—making your dream trip that much closer to reality.
