![]() Rates vary depending on your location and the size of the room or cabin you’re renting out, but you could earn anywhere from a few thousand to $10,000 or more each year.ĭo you have a picturesque barn on your property? If so, you might be able to earn a healthy side income renting it out for special events like weddings, family reunions, classes, or even corporate dinners or team-building events. ![]() Make sure you research your state’s laws for short-term rental properties and talk to your home insurer to find out what kind of policy you need for this venture. For example, you’ll likely need to change your home insurance policy to protect against liability issues. ![]() There are some legal considerations to keep in mind before you rent out your house or cabin. To some, these are novelty experiences, not “farm chores.” These people are ready and willing to help you milk a cow, weed a garden, build a fence, or harvest some vegetables. “More and more people are looking to experiment with this rural, small-footprint, homesteading lifestyle,” said Stephanie Smith, who rents out a few cabins in rural California, in an interview in The New York Times. Some simply want peace and quiet, while others want to help out on the farm and get a taste for what it might be like to homestead themselves. Some people choose to forgo expensive, hectic vacations in high-tourist areas in favor of slower, more relaxing vacations on a homestead or farm out in the country. Together, these two trends can help homesteaders earn some extra money off their land. If you have a spare room in your home, an accessory dwelling unit (ADU), or a cabin somewhere on your property, you can earn money renting it out to vacationers using websites like Vrbo, Airbnb, Hipcamp, or FlipKey. The popularity of green, sustainable travel is growing, and so is the slow living movement. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. Motley Fool Stock Advisor recommendations have an average return of 397%. Create a trickle here and a trickle there, and before you know it, you’ll have multiple streams of income that, together, combine to make a river. Keep in mind that all of these ideas, even the small ones, can help you build a trickle of income. Some of these ideas only require sweat equity, while others require a financial investment. Whatever your goals, there are plenty of ways to earn some extra cash from your current or future land. You might have a full-time job in the city, you might be working from home, or you might be dreaming of the day you can transform your homestead into a business that earns you a full-time income. There are plenty of opportunities to earn a side income – or even a full-time income – using your farm or homestead. It can be a challenge finding income-earning opportunities when you live in a rural area, but you can find ways to earn some extra money using the assets you already have. There are also barns to repair, gardens to dig, and rusty equipment that constantly needs fixing. Whether you dream of escaping city life or you’re already living that dream out on a homestead, you still have bills to pay and kids to feed.
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