Here’s How To Rent Your Home For Business Meetings

Wondering if it’s possible to rent your home for business meetings? We at Peerspace are happy to tell you that it absolutely is! There’s a lot you can do to earn extra income using your comfortable, well-decorated home. In fact, you may even earn back some of the money you put into it to make it the gorgeous space it is today. If you notice that both you and your guests seem to feel especially at ease in your space, it’s safe to assume that others (and that’s including strangers!) will as well. Take advantage of the wonderful sanctuary that you’ve created by renting your home for business meetings. Doing so by the hour can make you a good chunk of cash in the process.

Wondering how it works to rent your home for business meetings? Don’t worry! It’s relatively easy to do, and if you keep reading we’ll advise you on all the steps involved in the process. That way, the end result will be lots of pleased clients and a healthier bank account on your end. We’ll also showcase a few examples of homes that are successfully rented out for business meetings to provide you with the inspiration you need to prepare your own home for the same purpose.

The major reason to rent your home for business meetings

A lot of people’s go-to for making extra money off of their home might be Airbnb. It lets you list your home for rental for at least one night, typically for people who are traveling. But even though that’s a pretty reasonable option, there’s a major downside to this arrangement. If you’re renting out the home you live in (which most readers will likely be considering), you’ll either have to share your home with people you’ve never met – a potentially uncomfortable and even risky proposition – or else leave your home and find somewhere else to stay so the guests can have it to themselves. So this can be majorly stressful and inconvenient. 

By contrast, if you rent your home for business meetings, you’re not typically going to be having them stay overnight. You may have to vacate your home (or just part of your home) for a few hours, and then you’ll have it to yourself once again, plus a few extra hundred or even thousands of dollars. The short-term rental option is a lot simpler and more straightforward to deal with.

What’s the right platform for renting out your home by the hour?

Peerspace is the internet’s most extensive marketplace for hourly venue rentals, including but certainly not limited to renting out homes for business meetings. The site is easy and intuitive to navigate for both hosts and renters. Peerspace connects you with countless potential renters and makes it possible to turn your home into another source of income with a relatively low investment of effort. 

Rather than worrying about advertising your space on a bunch of different venues, all you really have to do is make a Peerspace listing for your home. And if you keep reading, we’ll explain just how to do that!

How to use Peerspace to rent your home for business meetings

If Peerspace has piqued your interest, we’ll elaborate on how the site works from the host’s end of things:

• First, make a Peerspace account. 
• Then, make your home’s listing, being sure to specify that it’s intended to host offsites (as opposed to productions or events, the two other main categories for types of rentals).
• Wait for Peerspace to review the listing you’ve created based on their requirements for live listings. 
• Wait for potential guests to reach out and start raking in the rentals, after which point you’ll soon receive payment via the site’s direct deposit payment system. 
• After this initial (relatively minimal) effort to create a listing, all you have to do is maintain your home and keep in consistent contact with potential renters, which entails a pretty small amount of work for a major payoff.

Still have more questions about what steps are involved in becoming a Peerspace host? This guide on the Peerspace website is a great start, so be sure to take a look.

Examples: homes that are successfully rented out for business meetings

Here are a couple of examples of homes rented out for business meetings to help you get a better sense of what it might look like to rent your own home out for the same purposes:

Meeting Retreat – Industrial-Chic by Definition Loft in Detroit, Michigan

Formerly a pharmaceutical factory, this industrial-chic loft is a cool and luxurious meeting retreat that’s available for an affordable $75 per hour. Take a quick look at the photos of this space and it’s no wonder the space has literally hundreds of positive reviews.

As one renter who booked a business meeting here commented, “This space was perfect for our meeting. Quiet, spacious, well-appointed and a great change of scenery. Easy parking, too. Instructions were very clear and response time was very fast. I will definitely keep this place in mind if we need a meeting space in Detroit again!” It’s so beautiful that many renters have even used this loft location not just for meetings but also for photoshoots, and your meeting can only benefit from taking place in such an attractive location. 

One-of-a-Kind Modern Farmhouse in East Austin, Texas

For starters, this lovely modern farmhouse built in 2014 has been featured in the popular magazine Dwell as well as the Austin Modern Homes Tour, Curbed, and more. It’s a truly awesome destination for a business meeting, and earns its host a handsome $200 an hour with a minimum rental period of four hours. This higher price tag doesn’t appear to be much of a deterrent, however, because there are plenty of glowing reviews of this space to be found on its Peerspace listing.

For instance, a past renter described their experience with the space as follows: “Couldn’t have asked for a better experience! The space was beautiful, comfortable, and flexible for a video shoot. Alex was helpful, responsive, and pleasant to work with. I would definitely recommend booking to anyone considering this space.”

List your home for business meetings on Peerspace