Most people have a room that can be converted into a bedroom in their household. With BunkOut you have the opportunity to bring a passive source of income into your home by renting your room to a vetted international student.
Who is this student and why would she or he want to live with your Manchester-based family? People worldwide recognise the importance of being able to understand and speak the English language. The best place to learn a language is right at its home, in this case, in the United Kingdom. To take a step forward, students are seeking homestays accommodation to practice their knowledge and immerse themselves into the local culture.
Our company is connecting English schools based in Manchester and international student with local families from Manchester who have a spare bedroom and who want to share the British experience with international students. Are you one of these families? Submit our BunkOut form today and we’ll get in touch with you to chat more about this opportunity.
What are the financial advantages for host families?
You can earn up to £7,500 per year Tax-Free for renting out a room. This scheme is available only to owner occupiers or tenants who let out furnished accommodation to a lodger in their main home. You don’t have to be a homeowner to take advantage of this and if you are renting, you can also lease out a room to a lodger, as long as your lease allows you to do so.
Families can take advantage of these Tax-Free payments without having to submit paperwork or doing a tax return if the amount earned from renting out the room is less than £7,500 per year. In this case, your tax exemption is automatic and you don’t need to do anything. If it’s more, we are happy to advise and guide you on how you can fill the paperwork.
Regular payments with £120 earned per week per student. If you choose to host an international student in your own home, you can expect him to pay £120 per week to you. If space allows it, you may want to host two students and double your income. This would be £240 per week or £960 per month in additional income every month for you to spend as you see fit. This is a regular and passive income you will receive by joining the BunkOut network of hosts.
What would you do with £960 every month? Get a new car? Finally go on that exotic holiday you couldn’t afford? The possibilities are endless and we want to help the Manchester people live a better life by integrating our community with the international scene. You have the opportunity to enter our BunkOut homestay programme to earn up to £7,500 per year Tax-Free for renting out your room or up to £1,000 every month.
Fill our BunkOut form today to let us know that you want to join our network of hosts and bring an additional income in your home.
Have you already signed up and waiting to hear from us? You can also read 3 Tips to Get Ready for International Students to get yourself started! If you have any questions, don’t hesitate to get in touch with us via BunkOut social media or our Contact Page.
Here at BunkOut, we connect international students who want to learn English with local hosts. As a host, you will have the chance to immerse a student in the British way of life and help him/her improve their English language skills. If you want to be part of this experience and earn a passive income, please give us a call at 07908 708896 or write an email on firstname.lastname@example.org