The sharing economy has introduced the possibility that anything you own can be shared and monetized, including your home. Hospitality apps like Airbnb, coachsurfing.com, and other home-sharing apps are commonplace. But, for those who are not quite ready to open up their home to strangers, there are ways to monetize your space without sacrificing your privacy or compromising your investments.
Parent Company
A parent company can monetize its property by leasing or selling real estate assets to subsidiaries or external parties. It can also develop properties for rental income, generate revenue from property management services, or use the property as collateral to secure loans for other ventures.
Drive-Through
Adding a drive-through to your property can help monetize it by attracting businesses like fast-food restaurants, coffee shops, or pharmacies that benefit from drive-through services. These businesses may be willing to pay higher rents or purchase the property outright, providing a steady stream of income or a profitable sale opportunity.
Capturing Sunshine
“Capturing Sunshine” refers to installing solar panels on your property to harness solar energy. By generating renewable energy, you can sell excess electricity back to the grid, reducing your utility bills and potentially earning revenue through feed-in tariffs or net metering programs. This can be a lucrative way to monetize your property while promoting sustainability.
City Gardens
City gardens are a creative way to monetize your property by converting unused outdoor spaces into urban green spaces. You can lease or rent these gardens to individuals or businesses for various purposes like urban farming, events, or recreational activities. This can generate additional income and add value to your property.
Simplicity
Simplicity in property monetization refers to finding straightforward and uncomplicated ways to generate income from your property. By streamlining rental or lease processes, minimizing overhead costs, and offering easily accessible amenities, you can attract tenants or businesses, increase occupancy rates, and ultimately boost your property’s cash flow and profitability.
