I make £8,000 a year by renting out my spare room and driveway to strangers

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'I make £8,000 a year by renting out my spare room and driveway to strangers'

The 39-year-old lecturer from Market Harborough, Leicestershire uses the money for home improvements and adds any leftover cash to her retirement pot.Lily CanterShe rents out a spare room in her house as well as two private parking spaces.

A few months after the Japanese visit, the family were contacted again to see if they would be interested in hosting a 17-year-old lad from Ethiopia.Lily also rents out her spare room to students and she says it doesn't add much to her bills at allThe student has his own room and his parents pay Lily £130 a week for food and board.

"He uses our Netflix account and we have unlimited broadband so apart from a bit of extra washing and use of the shower there really is no additional cost to us," says Lily. There is room for two cars which makes Lily around £10 per day, depending on the length of the hire. The scheme is tax free for earnings up to £1,000.

“We are hoping to make around £1,500 this year from parking and have been getting lots of bookings so far."Lily says the students who have moved into her spare room in the past have kept to themselves

 

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HMRC take note!

While the rent is tax free i bet she is still claiming benefits without declaring it.......

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