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How To Make Extra Income By Renting Your Space On Try It Tiny

Renting your tiny house, RV, high wall tent, yurt, or even available land, on Try It Tiny is a great way to earn extra or passive income. There are some things you need to know first. 

WHAT IS TRY IT TINY?

Try It Tiny connects people to give them the opportunity to rent a tiny house or share their land with tiny house enthusiasts nationwide. Become part of a growing community by renting a tiny house or parking your tiny house on hosts’ properties. On the site, you can rent a night (or more!) anything from a log cabin in Minnesota to one of the 10 tiniest houses in Boston.

HOW DO I LIST MY TINY HOUSE?

It’s free to list your property on the site and the process is pretty straightforward and doesn’t take long at all.

Signing Up

Becoming a host on Try It Tiny is as easy as filling in a few form fields. By going to https://www.tryittiny.com/signup you can sign up using your email address or by syncing with your Facebook account. You are asked for your First Name, Last Name, Email Address, and a created password. 

Your Listing

The next step in generating income through Try It Tiny is to create your listing. Whether you have acreage, a backyard, a front yard or a driveway, you can become part of a unique community by becoming a host! In fact, you don’t even have to have a whole house! You can rent out a bedroom or a shared room, a converted garage, or even a legal spot in your backyard.

Of course, travelers/renters will search for certain amenities such as a full kitchen, Wifi, proximity to public transport (or designated parking), etc., so the more detailed your listing, the better your results. Think about what you are interested in when you rent and replicate that.

Photos

Having high-quality images can perhaps be the most important thing for your listing. Try It Tiny recommends at least 4 images for land-based listings and 6 images for tiny house-based listings. The photos are best if they are taken at different angles and represent the property well, free of indoor clutter, outdoor vehicles, or anything else that may distract a renter from the beauty of the listing. The best dimensions are 1440px by 550px at 72dpi. 

Pricing

The secret, if you will, of our revenue schedule is that you set the price for your listing. You can set a nightly and a monthly fee. You will want to do some research on this so as to stay competitive with other listings. 

You can also set stay restrictions: minimum of nights / maximum of nights and you can block specific dates. 

CHOOSING GUESTS

No matter what, it does take some conditioning to become comfortable with letting perfect strangers stay in your home or even near your home.

Set Criteria

When creating your listing, create a set of renter criteria. Do you want the air conditioning to stay above 72º and be left on 76º at checkout? Put it in the renter's criteria. Maybe your home isn't safe for infants. Make it part of the criteria. 

Verify and Book

Once you have your criteria, you can view guest profiles and reviews of them from other homeowners. Once a booking of your listing has been made you are given the option to accept or reject the rental. You can also message the renter on the Try It Tiny platform.

PREPARING FOR GUESTS

You've received your first booking. Here is what to do to make the most of the experience for the renter and yourself. 

Clean And Stock

Not everyone has the highest cleaning standards. It is also possible to know the listing so thoroughly that you overlook certain areas. Perhaps have a spouse or a friend check through the property to make sure you didn't miss anything. You may also want to invest in a cleaning service so they can clean up after your guests leave so there is no rush for the next gues. Cleaning up after your own family is one thing but fishing out drainage clogs from strangers is a totally different task! To help offset the expense of this premier service you can opt-in a service charge to your listing (FIND OUT MORE). 

You may also want to consider a Guest Basket. Anything you would reasonably expect to have available in a hotel, you should make available to your guests such as soap, towels, toilet paper, etc. You may even want to provide some extras like coffee, olive oil, salt and pepper, etc. 

If you want good reviews and more bookings, include some special things too. Perhaps add a bottle of locally bottled wine or a few regional food items. These things won’t cost you a lot but can go a long way in your return on investment.

WHAT IF THERE IS A PROBLEM?

No matter how careful you are, there could still be problems during or after a guest’s stay.

Contacting Try It Tiny

If you experience a problem with a renter you can email info@tryittiny.com and we will return to you within 48 hours. We will then do our best to mitigate the situation. 

LEGALITY

This is a grey area in many locations be your listing a tiny house or an ADU so do your due diligence before renting your tiny house.

PAYMENT

There are no transactions handled directly between guest and owner. All payments are handled by Try It Tiny through Stripe.

Getting Paid

Payment is sent within 30 days of the booking start date. The amount of time it takes to process payment depends on your payment preferences. 

Taxes

This can be tricky depending on what state your listing is in but you simply cannot avoid it. To read more about tax season and your listing visit this post

CAN YOU MAKE MONEY WITH TRY IT TINY?

The short answer is yes. That said, how much and how frequently is dependent on several factors, most specifically the ones outlined above. Visit Try It Tiny to get more detailed information to help create your listing or contact Andrew Odom, Host Advocate.

 

Are you ready to list your tiny house? Have you ever listed a short-term property before? Share your success with us. We'd love to hear more about it!

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