3 Ways Your House Can Make Money for You


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Illustration by Lynne Carty/Barron’s; Dreamstime (2)

Financial Planner Milo Benningfield says he has a client who did something she never expected to do: rent out a room in her San Francisco house.

The extra income of $15,000 to $20,000 a year, combined with a part-time job, allowed the woman to avoid drawing from her retirement savings, Benningfield says. And she ended up liking having the company of a boarder.