Benefits to renting your home on LendYourHome.org
Support a good cause. On LendYourHome homeowners give back to their communities by donating a portion of their rental proceeds to a charity of their choice. Homeowners can choose how many weeks at their house to list on LendYourHome and what percentage of the rental they will donate to charity. When you rent your home on LendYourHome you can feel good knowing that you’re doing good in your community.
Access a new market of vacationers. LendYourHome works with participating nonprofits to promote listings to their members, giving your home more visibility and access to a new market of potential renters.
Earn a tax write-off for the amount you donate. When you list your home on LendYourHome you promise to donate a portion of the income from the stay to a charity of your choice. When your home is rented, LendYourHome will facilitate the collection of the money from the vacationer, the donation to the nonprofit, and the transfer of the remainder to you. LendYourHome will then provide you with donation documentation so that you can receive a tax deduction for the full amount permitted by law.
Find renters for open weeks that you might otherwise not have rented. Very few vacation homes are fully booked year-round. This means that many homeowners have an asset that is sitting vacant for part of the year. LendYourHome gives homeowners an easy way to find new renters, earn tax write-offs, and do good–all at the same time!
Receive help promoting your rental home. LendYourHome and the charity you choose can work with you to help promote your home. By tapping into those organizations’ networks of supporters, we can help get the message out about your rental property. You collect a tax write-off while keeping your calendar booked. But just as important, thousands of people learn about your home, see the good that you’ve done through renting it for charity, and may be inspired to rent it directly from you after the donation period expires. This can help you gain a new and wider audience that can drive future rentals to you.
LendYourHome is low-cost way to market your rental property, earn tax breaks, and support causes close to your heart. What’s not to love about that? So go ahead, Lend Your Home and do well by doing good.