A LITTLE known website could help you earn £1,000s in extra cash by spotting empty properties.
YouSpotProperty allows people to earn money by reporting abandoned and empty homes.
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The website rewards members of the public with a £20 Amazon or M&S voucher when the home reported meets their criteria.
But if the company is able to purchase the home, renovate it and get it back into use again, the person who spotted it will receive a percentage of the purchase price.
YouSpotProperty says on its website that this could be up to £10,000.
Since 2014, it has paid property spotters more than £1,007,538.
If you’ve noticed a distressed property, you can simply go on the YouSpotProperty website and click the orange ‘Report a Property’ button.
The company will then assess the building you’ve spotted, and if it matches their criteria, you’ll be sent a £20 gift voucher.
The business’s expert research team will then try to make contact with the property’s owner in order to try to buy the property reported.
If successful, you’ll receive 1% of the purchase price. So if the property if bought for £300,000, you’ll get £3,000.
Although this cash reward isn’t always guaranteed, YouSpotProperty says its experienced researchers have a good success rate.
They also assure spotters that the length of time it takes to sell the property does not affect the reward, with some purchases taking months to conclude.
The company will also donate £500 to a local charity based in the same borough as the property.
YouSpotProperty also encourages anyone who owns an empty or dilapidated building to contact them by telephone, and their experts can help bring the property back into use.
One user of the website said they had spotted three properties in just six weeks while walking their dog, earning them two M&S vouchers.
They wrote on TrustPilot: “I have only recently started using this company & have submitted three properties within the last 6 weeks.
“I am pleased to report that two of these met the criteria & I have already received the M&S vouchers for spotting them.
“A fantastic bonus for spotting properties whilst walking the dog. Hopefully a sale materialises for a further monetary bonus. An excellent concept & an efficient service.
Other ways to make extra cash
If you’re looking to boost your income amid the ongoing cost of living crisis, there are many other things you can do.
Filling out online surveys is a quick and relatively easy way to get hold of extra cash.
You can get paid up to £6 per survey, and YouGov and Prolific are two of the easiest to navigate.
Mystery shopping is another easy way to earn on the side.
Some brands pay you to shop free of charge, and you can even do it online in some cases.
You could make hundreds as well – we previously spoke to one dad who makes a whopping £1,500 a year from filling out online surveys and mystery shopping.
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