Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
How to make money from home without being a freelancer: rent out a space.
Moneymagpie Team
9th Jun 2025
In times of inflation and rising prices, many are seeking new ways to earn an income without taking on a second job or dealing with the paperwork involved in being self-employed. If you have a spare room, a separate studio, or a second home that you don’t use on a full-time basis, let me tell you that you have an untapped source of income.
Medium-term rentals are an increasingly popular and stable alternative, allowing you to rent out a space for periods ranging from one to six months. This option combines the stability of a permanent tenant with the flexibility of avoiding a long-term commitment. The best thing about this type of rental? You can manage it from home without having to be a real estate professional or deal with the tax implications of being self-employed.
- What is a medium-stay rental?
- Why rent a space for months?
- What types of spaces are ideal?
- What should you take into account?
- Extra income that fits your lifestyle
What is a medium-stay rental?
Unlike traditional or holiday rentals, medium-stay rentals are designed for individuals who require a temporary home, but not just for a few days. From professionals relocating for work, international students, or people renovating their homes to those moving to a new city and wanting to try it out before committing to the long term.
This model is thriving in cities such as London, Manchester, Birmingham, and Edinburgh, where demand for flexible housing is increasing. Today, many platforms have simplified the process of offering your property, allowing you to easily list it, manage bookings, and guarantee secure payments, all remotely from your home.
Why rent a space for months?
The benefits of medium-stay rentals extend beyond financial considerations. Here are some reasons why you might consider this alternative:
Generate income without compromising your time.
Suppose you have an empty room after your child has moved out or a second home that you don’t live in permanently; that space can be transformed into a source of passive income. Unlike a side job, it doesn’t require you to work extra hours: once the space is set up and advertised, most of the work is done on its own.
Total flexibility
Are you planning to move temporarily with your partner? Are you going to travel for work or study for a few months? You can put your flat up for rent while you’re away and easily deactivate it when you return. This type of rental does not involve rigid contracts or long-term commitments.
Lower tenant turnover
Unlike holiday rentals, where you have to change guests every few days, medium-term rentals offer stability: tenants stay for one or more months, which reduces wear and tear on the property and the need for frequent cleaning or key handover.
You don’t need to be a professional in the rental industry
Thanks to today’s advanced platforms, you don’t have to be an expert in rentals or worry about complicated paperwork. You decide the price, availability, and conditions without having to be physically present.
What types of spaces are ideal?
Some of the most in-demand spaces include:
- Single or double rooms in shared flats
- Studios with separate entrances
- Entire flats in urban or well-located areas
- Homes temporarily available due to relocation or travel
You don’t need a mansion. Even if your space isn’t luxurious, it can be attractive to those seeking something functional, well-located, and with some privacy. Generally, what is most valued is an internet connection, a comfortable bed, a fully equipped kitchen, and a good location.
What should you take into account?
Before jumping into the world of medium-stay rentals, consider the following:
Legality and local regulations
In most cases, renting a room or a home for a few months does not involve any legal issues, but be sure to check local regulations or the terms of your mortgage or lease if you are a tenant yourself. In some cities, there are specific rules for this type of rental.
Taxes
Although you do not need to register as self-employed, income from renting may be subject to tax. The government’s ‘Rent a Room’ scheme allows you to earn up to £7,500 per year tax-free if you rent out a room in your home. For other situations, consult a tax advisor.
Security and insurance
Check that your home insurance covers temporary rentals. Many policies allow extensions to cover potential damage or liability. Additionally, most platforms verify tenant profiles before confirming a booking.
Extra income that fits your lifestyle
In short, renting out a space every month can be a simple and effective way to make money from home without becoming self-employed. No previous experience is necessary, and you can manage the entire process flexibly and securely thanks to dedicated platforms that facilitate every step of the medium-stay rental process.
If you’re looking to diversify your income without compromising your time or changing careers, consider turning a spare room into a financial opportunity.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.
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