Looking to rent your home out for a party, but aren’t quite sure how to go about it? At Peerspace, we understand and support your venture-to-be. Your home is a beautiful space, one you deserve to be proud of! After all, we’re willing to bet you’ve put a lot of thought and care into making it a welcoming, comfortable, and beautiful space that you enjoy spending time in every day. For that reason, others might likely feel similarly. If visitors spend a lot of time “ooh”-ing and “aah”-ing over how nice your home is, you might be sitting on a potential goldmine!
One way to take advantage of the possible additional source of income that is your home is to rent it out for a party. As the largest online marketplace for hourly venue rentals, we at Peerspace have quite a bit of knowledge to impart about how to rent your home out for a party. Keep reading to learn how the process works, where you can find possible renters, and how to find inspiration when you want to rent your home out for a party.
Why rent your home out for a party instead of overnight stays?
Your first thought when it comes to monetizing your home as an additional source of income might be to list it on a platform like Airbnb. It allows guests to book overnight or multi-night stays in a home for their vacations.
However, consider that this might mean you’re either welcoming strangers into your home while you’re there, or else you’re having to leave your home for multiple days to allow them to stay there with privacy. Understandably, this makes a lot of homeowners uneasy!
You’re also underutilizing the market when you rent your home out on a homestay website. When you list your space on a platform like Peerspace, however, you can list your home for parties, productions, meetings, and more! That’s a lot more opportunities to make money while helping others secure a neat, private space.
In general, renting your home out for a party that’s only several hours at a time could be a lot easier and more convenient than sharing your home as a vacation rental. Next, we share how to begin the process of renting your home for parties.
Want to keep parts of your home off-limits? That’s not a problem with Peerspace! Read how to rent part of your home next.
How can you rent your home out for a party?
One of the easiest ways to rent your home out for a party is to use Peerspace. As we mentioned, it is the largest online marketplace for hourly venue rentals for personal events, business meetings, and productions. That means individuals in your metro will use the Peerspace platform to discover houses like yours that they can rent for their next event.
Many Peerspace hosts list their homes on the website and make money by allowing people to host parties there. You set the price, the minimum number of hours a renter must book your space for, and the maximum capacity so renters know how many guests they may invite. You also create an honest listing page to attract renters that shares photos, amenities, and a description of your home.
Consider adding your home to the mix and creating a new source of income for yourself with relatively little effort. Next, we’ll share the simple steps to follow to make it happen for you!
How the process of renting your home on Peerspace works
Interested in the possibility of renting your home out for a party using Peerspace? We’ll explain what that looks like in practice in a little more detail.
You’ll start by creating a Peerspace account and then building a listing for your home. Be sure to specify that your home is a listing for events. The other two categories are “offsites” or “productions”, which you may also like as possibilities. In this case, you can make additional listings for these categories as well.
The next step is that the Peerspace team will review your listing submission. If your listing meets the site’s requirements for live listings, the team will approve it, and your space will be searchable on the site. This means that potential renters will have access to the listing and will be able to easily reach out to you in order to rent it or ask you questions.
One of the major benefits of renting your home out through Peerspace is that you will get plenty of eyes on your listings. Plus, the site does a great job of facilitating simple and safe communication between hosts and potential guests.
You will likely get booking requests in no time. And, payments are efficient with Peerspace’s direct deposit payment system. You’ll have a new source of income, likely without having to do a significant amount of additional work beyond making sure your home is a clean, comfortable, and welcoming space for parties!
If you’d like more details about the process of becoming a host on Peerspace, here’s a more detailed guide: “What are the steps to becoming a Peerspace host?”
Examples of homes being rented out for parties on Peerspace
Let’s check out a few concrete examples of homes that are successfully listing as party spaces on Peerspace. It might help you better understand what being a Peerspace host is like. You can also use their listings as inspiration as you create your own.
Take a look and see if you can find some inspiration here.
This super cool retro home in Las Vegas earns the hosts $150 per hour with a minimum rental period of three hours. They rent it out for parties and other events, and it’s easy to see the appeal. First of all, there’s the massive backyard with a saltwater lap pool. And let’s not forget the family room with a sunken seating area with a stone fireplace!
It’s no wonder renters are drawn to this space as a way to take their parties to the next level! But rather than listening to us continue trying to describe it, we’d recommend that you take a look at the photos on the listing. They’ll clearly reveal just how fabulous it is.
To get a better understanding of what Peerspace renters like and dislike about this home and others like it, read its user reviews. Here, Peerspace renters provide an honest reflection of their time in any rental space. Typically, this serves to better guide future renters. But in this case, Peerspace reviews can also help you figure out what renters want, and what they don’t, so then you can tailor your services thusly!
Here’s another home that offers potential renters a lot of bang for their buck. It’s a modern Art Deco-inspired home with space for about 30 guests that lists for $100 per hour with a three-hour minimum. This colorful home features a fully-equipped kitchen, which renters may like whether they want to cook for themselves or invite a catering team along to whip up something tasty for their partygoers. There is also a furnished outdoor patio, which guests are sure to enjoy, especially since it includes a barbecue grill and city views!
This is a great time to mention how to market your home to attract renters. As you can see from the photos in this listing, the host took their time and ensured to highlight the unique features of their space and the amenities guests will have access to, from cooking equipment to board games. We recommend you do the same as you build your listing by taking high-quality photos that feature your home’s unique style and all of its top-notch amenities. It’s a smart way to make renters even more excited about renting your space.
Want to see your home up on the big screen? Peerspace makes that a reality, too! Check out how to rent your home for filming to learn more!
Here’s an interesting one for you to consider. It’s a Berwyn Heights, MD home that only rents out its backyard to partygoers! That is totally an option when you list your home on Peerspace, and it still helps you earn money. For instance, this home lists for $95 and has a four-hour rental minimum.
The host offers renters access to their private 438-square-foot backyard space. Amenities like an outdoor kitchenette (minus the stove), seating for 30 guests, and the use of a bathroom are all included. For additional fees, the host also offers guests the option to rent a gas grill, photo backdrops, and more to enhance their event. And judging by this DC-area home’s reviews from past Peerspace renters, it’s a hit!
Think you and your home must be U.S.-based? No way! When you want to rent your home out for a party, you can do so from just about anywhere when you use Peerspace. And one of our favorite international examples is this Sydney, Australia-area estate. It is a nearly 20,000-square-foot property that boasts a ballroom, a charming outdoor courtyard, a large pool, and so much more.
It’s a home steeped in grandeur, and despite its hefty $350-per-hour rental price, seems to be a popular spot with the locals!
Rent your home out for a party: conclusion
Hopefully, by now, you understand the benefits of listing your home for a party on Peerspace. You can potentially make a lot of money while providing your guests with a safe, stylish, and thoughtful space to gather.
Remember to start by crafting the perfect listing page that perfectly highlights your home’s unique features. And since you set the rules and the price, your guests know what to expect before they even show up at the door. It’s an amazing opportunity to make cash while connecting with locals in a really cool way.