Renting out your house, apartment, or room has become an increasingly popular way to earn extra income. Platforms like Istedafah make it a breeze for property owners to connect with potential renters and start making money.

What it Means to Rent Out Your Space Through Istedafah

Want to learn how to make money on a rental property? Here’s a quick rundown on how it works:

●     Hosts Create Listings: Property owners, or "hosts," create detailed listings for their spaces, complete with descriptions, photos, and rental terms.

●     Guests Search and Book: Guests search for properties that meet their needs based on location, dates, and other criteria. They can read reviews, view photos, and compare prices before making a booking.

●     Communication: Hosts and guests can communicate through the platform to ask questions, clarify details, and finalize arrangements.

●     Payment: Guests pay you directly through your payment method of choice, and you’ll get paid once they check in.

●     Stays: Guests stay in your space and leave a review to tell other potential guests about their experience.

Have Extra Space? Here’s How to Make Money on a Rental Property in 4 Steps

Have some extra space in your home? Whether it’s a spare room, a basement, or even an entire apartment, you can turn it into a steady stream of income.

Here's a simple, step-by-step guide on how to make money on your rental property:

Step 1: Become a Host

Getting started is easy. Begin by signing up as a host on the rental platform:

1.    Just click on "Become a Host" at the top of the Istedafah’s page.

2.    Then click "List New Property."

Step 2: List Property for Rent

On Istedafah, you can list any type of property. Whether you have a cozy room, a spacious basement, an entire home, or even a grand palace, there’s a place for your listing.

You can choose to list a property for rent under two main rental categories:

1.    Holiday & Vacation Rentals: Rent your space daily, weekly, or monthly. Select "Holiday & Vacation Rental" to list your property for short-term holiday and vacation guests.

2.    Annual Lease Agreement:  Open to long-term rentals? Choose "Annual Lease Agreement" to offer your property for a year or more, and specify whether it will be furnished or unfurnished.

 Step 3: Accept Guests

Once you list a property for rent, guests can easily start their search to find it by location, available dates, and the number of guests. They can contact you before and after making inquiries. After a booking is confirmed, you’ll prepare your property to welcome your guests.

Step 4: Make Money

One of the great features of Istedafah is that all reservation payments are handled directly between you and the guest. You’ll receive the full amount from the guest upon check-in, with no interference from the platform.

Use the "Payment Methods" feature to select your preferred payment method and get paid directly by your guests.

Start Making Money & List Your Property for Rent

What would extra income mean for you? Follow these steps to list your property on Istedafah and start earning. It’s a simple and effective way to make use of your extra space while making money. Don’t wait — turn your property into a profitable rental today and Become a Host.