Got a granny flat...

... Or space to put one? 

Or a spot to park a trailer for a few months?

Instead of renting your granny flat, or storing a trailer, what about 'selling' the space to someone?

No renting. Selling. 

Some very quick and rough numbers:

  • Buy a $450,000 house.
  • Add a $50,000 self-contained unit.
  • "Sell" half the unit to someone.
  • Ask for $350 per week for a three-year tenancy.
  • At the end of the three years (roughly), they get a 5% share of the property.
  • If they're great to live with, do it again!

Sure, this is probably less profitable that charging them $250 per week in rent. But how many weeks of rent do you need to miss before the margin narrows to negligible?

Instead of money you might get:

  • Help with home maintenance
  • Free babysitting
  • New friends
  • Invited to a wedding
  • Someone to look after the dog when you're away on holiday

And also. Those of us in the position to own a house at the moment are in a position of privilege. So lets be careful before saying its our right to make money of our assets. 

Breaking the system might be less profitable, but its much more fun.