If you have extra rooms in your house or apartment, you can make extra money by renting out rooms to travelers on either a nightly basis or for loner periods. In high demand areas like New York and South Florida this is becoming more common, but it can work anywhere.

With sites like Airbnb.com It’s now also very easy and you have immediate access to tons of potential users. This site is getting all the buzz in this space and you can read much more about it on publications like Forbes and Fortune. It’s very easy to post rooms or places to rent and it’s equally easy to find what you’re looking for. The site is also loaded with photos and users are ranked with feedback so you have some idea of the kind of person you’re dealing with.

It’s becoming very popular among younger people and business travelers as it can be much better than renting a hotel. This can be perfect for empty nesters as well who have extra space.

Check out the site, read the articles and consider whether this might be a good option for you.