Speaking about a country like the United States, it’s an expensive country. Right from buying stuff or even living on rent, you can incur tons of money. Also, there are people who live on rent and are facing tremendous money issues. Thankfully, for each of those people, I have got this article for you. Here, you will know some of the best ways to live rent free, without any issue.
If we speak about the national average cost of rentals, it comes down to be $1,405 of the year 2019. From the previous year, this number has seen a sharp rise of 2.9% which is not a good thing.
In such cases, people who earn daily wages face tremendous sort of issues. Also, every single day, the rates of houses are going up and people are finding it difficult to live on rent.
But, you don’t have to worry for even a second as this article has got everything for you. So, without wasting any time, let’s go ahead and unwrap the best ways to live rent-free.
Table of Contents
Table of Contents
Best Ways to live rent-free
After an immense series of testing, I have got you some proven ways to live rent-free. Let’s unwrap every single way, one by one.
1. Have other people to pay your rent
Yes, among the most simple tip to live rent-free, you can ask other people to pay off your rent. Every other person needs a house to live, relax and if you are living on rent, you can ask the other person to share the space and give you rent.
With this, both of you can pay half the amount where the cost will be reduced to some good extents.
In such a scenario, you are actually helping others by offering them home. Further, you can even extend this thing a bit further and ask them to pay the entire rent.
In response, you can perform all the housework that can create a balance between you and the other person.
2. Get Roommates
Speaking about the yet another way to live rent-free will bring get roommates into the spotlight.
This is one of the best options if you serious to live without paying any or little rent. Also, this is one of the most common ways to live without paying rent. But, if you are thinking to make this way work, you will have to get such roommates who can pay off the rent.
For example, if your room rent is $1,500. In this case, you can get two roommates who can pay $750 each for one room. With this, you can easily live without paying any rent.
Of course, the figures that I have told above will vary on the location where you live. If you live in an area where the cost of living is not high, there can be a chance where you can pay the rent on your own.
On the other hand, if you live in top tier cities, the cost of living will be high and you will have to get roommates.
However, while choosing roommates, you got to understand that choosing the right roommates is important. You will live with such people and in this scenario, choosing good roommates can help you to live a peaceful and better life.
Also, you must make sure that the other person has got the ability to pay the rent. Don’t be afraid to ask for such things with your roommates.
Asking will help you get a much profound answer and you will be able to take the ahead decisions, in a much better way.
3. Rent to a Sublet
This is another brilliant option where you can grab another good chance to live rent free. In this scenario, you can divide or even create another rentable space for other members. With this, you can easily charge higher rates to other tenants that are in need for such places.
From my perspective, I would recommend looking for college students in such a scenario. Also, you can even look for workable professionals who work in the nearby area.
However, you must not be caught by the landlords and in this case, you got to pay extra attention to such things. Make sure to have a keen look at the contract and see that the landlord doesn’t say anything about subletting.
If there is no sort of such thing, then you can easily go ahead and perform the subletting task.
Currently, there are millions of Americans who are doing such work. This allows them to save money and use it on other essential stuff.
‘Also, if you are clever and lucky enough, you can get a landlord that only wants the rents. As long as he is getting rents, you can easily opt for sublets and ask them to pay the rents.
If you can crack this thing to perfection, chances are high that you will end up paying absolutely no rent in any case.
4. Host a Vacation Rental
Even if the above options to live rent free doesn’t suit you, there is no need to worry even for a second. Yes, you can also opt for vacation rentals and choose rental oriented companies.
Personally, I have tested each of the major rental companies such as Airbnb and everything has worked pretty well for me.
In this scenario, if you have an extra room, you can sublet the same on Airbnb. Yes, by doing this, you can actually take the rent of this home and live rent free, without any major issues.
However, by doing this, you must make sure that the other room as got a separate entrance. If the answer is yes, then you can go ahead and rent the same, without an issue.
What’s great about this option?
Well, by renting your room on Airbnb, you can charge higher rental fees than usual. If you don’t mind cleaning the room between guest shifting, you can save good money from this option.
For example, if the average duration is 3 nights, you can get $300 right after one visit. With this, you get $900 for each month which is definitely not a bad thing.
On the other hand, if you ever think to charge those higher rates, you can offer good facilities. Such facilities include higher speed Wi-Fi, excellent breakfast, hygiene, and other such things.
On the other hand, if you live in a tourist spot, the above things can do wonders for you. From tourist, you can charge much higher rates and can allow them to live in a much better way.
5. Buy a House and Rent it out
Well, another best way to live rent free is to buy a house and rent it out. Indeed, this thing will incur tons of hard work. But, once you have to build your house, you can offer it for rent, live at another place on a rent-free way.
Here, you can give your house on rent to the people whom you think that they can pay off the rent. Of course, there are tons of scams everywhere around us and you will have to find out those persons who can give rent stress-free.
By becoming the house owner, you can also have total control over your home. On the other hand, if you have a good credit rating, you can get a mortgage at much lower rates.
On a more precise note for the first time owners, you can look for FHA loans. Yes, even if you don’t have 20% for the down payment, still you can get a home loan and buy a house.
Also, you can even take this thing a step ahead and look for other bank home loans. You must keep an eye on the interest rates and see which bank is offering home loans at the lowest interest rate.
On the other hand, if you have got funds in your account, then you can give down payment. The rest of the loan, you can offer in monthly instalments.
6. Rent for Work
Currently, there are tons of programs that will not pay you tons of cash. But, it will help you to live in the owners’ property, without paying any rent.
Yes, this is another best option to live rent-free for the people who don’t mind living and working at the same place.
For example, if you live on a farm, you might be given the task of cleaning stalls, milking the cows, harvesting crops, and tons of such things.
Also, most of it will be manual labour and in such a scenario, you got to be prepared to do physical tasks.
On the other hand, you can even get a chance to work in a hotel. This is another better alternative to live rent free where work is not much.
However, one major concern in such scenarios is that it isn’t a full-time job. Here, you will have to look for newer job opportunities.
In the end, it’s all hustle and hard work in this case where you will have to keep looking for newer job opportunities.
In terms of the benefits, you are getting to live without paying any rent. Therefore, if you can adjust and willing to work, this way is certainly one of the most beneficial ones.
7. Work like an Au-Pair
How about working as a foreigner? An au pair may be a fancy word for a live-in nanny, they supply childcare in exchange for a free room. If you’re keen on kids, exploring other countries, then this could be very fun for you.
You get to measure rent-free, even earn a touch pocket money (the average seems to be around $400/month but the terms differ wildly by individual families), while joining an exciting new family. Nanny.org stated that the median hourly rate for a nanny is $18 in 2017.
You get to measure rent-free during a nice, safe, family home. Au pairs are used all across the planet by wealthier families. After all, only affluent families can afford to rent a live-in nanny. The terms each family sets are totally different.
You can set your own terms too. For instance, some au pairs don’t offer cooking services unless it’s specifically for the youngsters.
Sometimes, employers will give benefits and freebies to live-in nannies in order that they can stay longer (especially if their children have bonded with you).
To become a nanny, you don’t always need to search for the workplace, although it might offer you quicker exposure. A choice is creating your own profile on Care.com or AuPair.com. They will connect you to families trying to find reputable nannies.
Confirm that you simply are clear that you are trying to find a live-in situation. Keep your eyes on Craigslist also. You would possibly find someone there that you simply can work for.
8. Be the Building Manager
Yet another good and efficient way to live rent-free is to become a building manager. Being the building manager, you will get a lower apartment to live without paying any rent, in any scenario.
Speaking about the work of the apartment building manager, you will be responsible to take care of the tenants. With this, there is a high chance that you will receive tons of phone calls even during the odd hours.
It’s a part of your job as a building manager that even includes repairing and making sure that the building areas are kept clean.
On the other hand, travelling will be harder for you since you will be on call 24×7. But, what’s the good thing is that you can take up another job being a building manager itself.
Yes, all you need to make sure is that you must fulfil the needs of tenants in the building.
If you are eager to start as a building manager, you can look for such jobs over the internet. Yes, in such a case, you got to filter out jobs as a building manager. Thereafter, once you find one job as a suitable one, then you can easily go ahead, opt for that job and perform it to perfection.
In the end, one of the best things about being a building manager is that you don’t have to pay for anything as rent. You can live for free and can save your money for other additional work.
9. Perform House or even Pet Sit
Sometimes, homeowners want to travel on an extended vacation or got to travel tons for work. Our family has hired a house + critter sitter combo before. We have a dog and each December we’ve to require every week off away to ascertain family.
Having someone house sit and pet sit for you may be a huge lifesaver. Needless to mention, it’s employment that comes with a high level of trust. We’re talking a few very expensive assets and a member of your family!
This job will allow you to measure rent-free but it might also mean you can be going from one house to a different so always have a back-up place to measure just in case an assignment falls through – like crashing with an in-depth friend or loved one (even staying short term at an Airbnb.)
There is long-term house sitting options like taking care of turnovers for Airbnbs/vacation homes. You look out of the holiday home and host guests for them while the important homeowners are away.
Essentially, house sitting and care jobs are quite flexible. You can even find owners trying to find houseboat sitters.
Admittedly, this is often not as common because of the other work-related options on this list.
But it’s an option that you simply can keep an eye fixed out for. Once we stayed at an Airbnb in Portland, we met a young live-in Airbnb host who lived rent-free and her job was to wash up and manage the owner’s Airbnb properties.
10. Living with Parents
This might sound embarrassing for a few adults but if you would like to measure rent-free, this is often one of your best options. This is often actually great for those that just got out of school and are paying off their student loans. It’ll also assist you to save money for your own place someday.
Of course, you don’t want to be a free hoarder. You can buy something else – just like the bill or the grocery bills. That way, nobody, especially your folks, will desire you’re taking advantage of them. Just confirm to wash up after yourself.
And undergo the principles of the house – albeit you’re already an adult.
If your folks have a garage or a basement, you can ask to possess it renovated so you’ve got your privacy.
There’s no got to withdraw to your old room. Having your own place and entrance will assist you to desire a responsible adult – while living rent-free in your parent’s home.
11. Live with a Relative
Do you have an older relative who needs help around the house? You can look out of them and that they can allow you to live there rent-free.
You can mow the lawn; tend to the house, etc. Sometimes, a relative may want to measure with someone they know. Maybe they don’t want to be alone.
So offer yourself to assist thereupon might be an excellent win-win. Remember that this is often great as a short-lived arrangement until you get into a stronger financial situation.
Additional Tips: Live Rent Free
Surfing through some of the best tips to live rent free, here are some more additional ones for you:
The first thing you must note is that rentable income is known as taxable income. In this scenario, you can leave 25% of your rental income for different sorts of taxes. In such a scenario, you must give taxes, every single time that can help keep your money right in the white list.
Secondly, you must always read the contract in a careful way. There will be tons of rent free options but not each of those ones will be a good one. Therefore, if you are not understanding any of the things, you must consult a professional in this scenario.
Yes, I know that the contracts are boring but you got to read each and every point before signing the contract.
Another thing you must keep in mind is that you must have rental insurance. In such a scenario, renter insurance will help you cover the loss of any such properties.
Also, renter’s insurance isn’t that expensive and in case of an accident, insurance cover can help you tons.
Further, you must not be too greedy in charging for the rent. With this, the turnover rate will not be that high.
Moving ahead to live rent free, you must not take advantage of any person in any case. Yes, this is one of the most basic things you must understand which will establish stronger relations.
You must also respect every individual life and know the basics to keep them happy even as a renter.
Google is definitely your best friend when it comes to searching for the best places which can help you to live rent free. Hence, in such a scenario, you can effectively perform Google Search and search for good ways to live rent free.
Final Word of Mouth: How to Live Rent Free
We have come to the concluding part of the article and you must have got the best ways to live rent free. Without a doubt, each of the above ways is proven one and you will find no issue to address each way.
However, before choosing anyway, you must note down the benefits along with the effects of every single way. Once you have fully addressed those things, then you are up and ready with a free mind.
Then, you can easily go ahead and choose your wishful way. Thereafter, use certain strategies and live rent free in the best possible way.
Founder of twomillionways.com
MBA – London
I am here to share my ideas and experience on how to make real money.