The site that helps you earn £1000’s renting your home during the Olympics – Money tip #170

2 min Read Published: 12 Mar 2012

london 2012

An independent report estimates the number of daily visitors to London during the 2012 Games will be around 5.5. million. Of those around 450,000 will stay overnight. That's a lot of people trying to squeeze into a very limited number of overpriced hotels.

But many UK home-owners have spotted an opportunity to make money by renting out their homes. Perhaps this is not surprising, especially in London where many residents of SW19 make thousands of pounds every year renting out their posh pads to fans and players during the Wimbledon tennis tournament.

The website that lets you rent out your property during the Olympics

www.rentduringthegames.com is a website that helps you rent out your property during this summer's Olympics. The website works like a dating agency – it just puts the tenant and landlord in touch with each other. Obviously there are no guarantees you’re going to get on but put in a little leg work and you could earn some extra cash, and perhaps leave the Olympic bedlam behind and go on holiday.

How much could you earn?

Telegraph reporter Leah Wild posted her four-bedroom semi-detached at Elephant and Castle, which is not particularly close to the Olympic site, for a cost of £25. Within a week of advertising she had let her house for £2,995 a week. for all 3 weeks of the Olympics. That's almost £9,000 for an initial outlay of £25! Her full article can be found here.

So if you want to earn some serious money while the Olympics are on your doorstep then it couldn't be easier.

 

 

Looking for a financial adviser near you?

Do you need financial advice? An independent financial adviser can show you how to make the most
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Alternatively, Hargreaves Lansdown, one of the UK’s largest firms providing restricted financial advice, is offering a £200 John Lewis voucher* to new clients.