It’s a story we come across surprisingly often: someone has a fully-paid up flat, condo, or perhaps even a $6 million bungalow (you can read about a real-life story here). However, they lack sufficient income as retirees or are facing retrenchment. You can even see two further cases, in a recent BT piece on asset rich but cash poor owners. “Just sell the house” may seem like common sense advice, but it’s not always feasible – especially for older folks who’d struggle to move in their senior years. Here’s a look at some possible alternatives: Let’s start with the topic of renting out your home This is the most obvious apparent answer, so let’s get it out of the way first. Renting out a home is arguably one of the best ways to monetise your property; but it’s not always feasible. For HDB flats, you do need to have at least a 3-room flat to be able to rent out a room;...