Living on your own for the first time may seem daunting. For some, going to college and living in the dormitory or housing is a sample of what being truly independent really is. The real test is after college and when you start looking for work. More often than not, fresh graduates’ co share an apartment with others when first finding work since this is more inexpensive than renting one on your own. Still, there are those who see a different angle in this and make it a business to lease out bigger apartments and sub lease them. In doing so, they gain additional income from the rent of others. If you are thinking of doing such a thing, here are some suggestions that may work for you:

- Subletting is good business in big cities. Cities like New York, Tokyo, hongkong have a high population density on a small piece of land. Land is expensive and land developers build vertically to recover their investments. There will always be people looking for apartments and condominiums for rent but may not able to afford it on their own. If you have the spare cash, you can actually rent a bigger apartment or condominium, let’s say a two bedroom and have it sub leased.

- Purchase cheap appliances. Do not bother to get the most expensive washing machine. Find the cheapest washing machine you can find and then buy it. Since you are not the only one who will be using it, if the cheap washing machine breaks down, you can just replace it again. Perhaps your room mate will help in this expense as well, making it cheaper for you again.

- Interview potential roommates. You will be sharing your space with this person for a period of time. Make sure you can get along. Are you willing to be patient with this person’s quirks and habits? Everyone has their own rituals and ceremonies that may not be the same as yours. Living together tests this. It is a compromise on patience for both parties. So make sure that you do gel and to do this, interview thoroughly.

- The profits are in the savings. Don’t think that you will be gaining a lot of money from this. The profits are in the savings incurred. By subletting, you save on your rent, transportation, and security. You should be able to see that living in a good neighborhood gives you peace of mind and some security, which is considered savings if you think about it.