/Weekday lodging services the new way for landlords to make cash and keep their weekends

Weekday lodging services the new way for landlords to make cash and keep their weekends

Air BnB - how to make money by renting out part of your home

A new weekday lodging service is giving homeowners with a spare room like this the chance to rent it out during the week, providing them with extra money while still having their freedom on weekends. Picture: Campbell Brodie.

IT’S the answer for landlords looking for lodgers and a lifeline for commuters tired of travelling hours every day to work.

A new weekday lodging service is giving homeowners with a spare room the chance to rent it out during the week, providing them with extra money while still having their freedom on weekends.

Already a popular concept in the United Kingdom within heavily populated cities like London, WeekDay Space co-creator Jessica Lai said it would allow greater flexibility for both parties.

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Ms Lai established the business with Rani Cohen, who at the time was commuting between Brisbane and the Sunshine Coast and was looking for an alternative.

Weekday lodging story

Jessica Lai is the co-founder of lodging platform, WeekDay Space.

Increasing interstate migration to Queensland and the southeast corner’s growing population is forcing many people to live further from Brisbane’s CBD, making services like WeekDay Space more attractive.

The idea works by tapping into the notion of the share economy — something that many Australians have been embracing.

Interest has been strongest in Brisbane and Sydney, with most empty- nesters and older Australians keen to take advantage of the money, and company.

Lodgers are able to list their own preferences and landlords are able to create their own listings.

They sort out the arrangements among themselves, with safety tips to consider available on the site.

The landlord has a place with a spare room, and the lodger is someone who is keen on renting a room for just a few nights each week closer to their workplace.

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Traffic in Brisbane is getting worse as a result of the city’s growing population. Picture: AAP/David Clark.

The lodger pays for the nights they want to stay each week, for example, an agreement to stay Tuesday through to Thursday each week, meaning the apartment is free for the landlord on the weekends.

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Brisbane’s Lisa Nagl is using Weekday Space to advertise for a lodger for her studio apartment in Fortitude Valley for $400 a week.

The 31-year-old lives in the nearby suburb of Herston, where she works as a scientist for the Royal Brisbane and Womens Hospital, but occasionally stays in the Valley apartment on weekends.

Ms Nagl had previously lived in the apartment herself, rented it to friends, had long term tenants in it and rented it out through Airbnb, but said she was tired of dealing with “incompetent rental agencies”.

She said an added bonus was that the apartment building was pet friendly, so the lodger could apply to bring their fur baby with them.