4. Rent Out Your Spare Room
This option you may want to hold off on for the time being, with the current pandemic raging, especially if you live in an area that has been a hotspot for new cases. But renting out your spare room can be a very lucrative way of helping pay your rent every month or even paying off your mortgage.
Airbnb is not the only option for renting out your spare room, though it is the most popular. Many other websites allow for room-sharing, so check and see what may be available in your area. You can also rent it out to one person on a long-term basis. Just make sure that you know all of the legal ramifications because you don’t want your in-home tenant to become a squatter.