Earning extra income via homestay

WHEN it comes to creating income from property, one of the most common ideas is to rent out a house or room and collect the monthly payment. But there are more ways owners can generate revenue, according to Living Spaces co-founder Ikhram Merican.

“Besides renting out on a long-term basis, owners can consider turning their properties into homestays, student accommodation and even confinement homes. There are many options today for property investors,” he said.