Instead of buying things that will end up costing you, more and more millennials are choosing to rent and not own.
Why buy when you can rent?
Essentially, renting is easier, cheaper and more eco-friendly.
No, I’m not asking you to become a minimalist, though I intend to dig deeper into the topic. But not today.
ANYWAY…
I’d like to draw your attention to the opportunities presented by the change in buying habits, the way we live with the environment in mind.
That’s you can now turn the things you already own into extra cash.
Have something that you hardly use? Why not rent it out to someone who really needs it.
Buy less, waste less and share more.
Also, it’s a great way to make some extra cash on the side.
Are you ready to rent out stuff for cash?
Here’re 9 things you can rent- and the best websites that make it simple, easy and safe for you to rent out items for cash.
9 Things You Can Rent Out to Make Money
1. Rent out anything you own
One of the great websites that can help you to do just that is FriendWithA.
FriendWithA is a peer to peer rental marketplace. Kind of like AirBnB, but for stuff.
Instead of letting your extra books or drones collecting dust, put it in FriendWithA to list for rent in a few clicks.
Also, their Lender Damage Guarantee program protects your stuff through the entire rental period. This is extremely important- giving you peace of mind by ensuring your item is protected while it’s rented out to some strangers.
Here’s how it works:
- Sign up for a free FriendWithA account. Verify your email and phone.
- List your item for rental in FriendWithA. Fill out the details of your listing, add a title and few photos.
- FriendWithA will find renters for your gear.
- Next, confirm bookings with a single click and arrange a convenient pickup location.
That’s it. With FriendWithA, you can start earning money by renting out your stuff. As soon as you get your first $5, you can withdraw funds to your bank account.
2. Rent your Bikes, Surfboard or Snowboard
Make money from your underutilized bikes.
Spinlister is a bike rental and sharing service that connect bike owners with active people looking to rent or borrow around the world.
Besides that, you can also lend your ski and snowboards, surfboard & stand up paddleboards to travelers and enthusiasts, effortlessly.
- List your bike including descriptive details and photos.
- Renters will search for a bike, send you a request to rent it at a specific date and time.
- You can approve the booking, then they will book and pay through Spinlister.
- They pick up the ride.
- You’ll get paid through the app once then rental is complete.
Plus, Splinlister also protects your bikes against theft, damage, or loss.
3. Rent out your Cars, Vans or Trucks
You can easily earn money by offering rides using Uber or Lyft. But it requires both your car and your time.
If you don’t have time for that, you’re still able to make extra income by renting out your car.
GetAround is a peer-to-peer car-sharing service that allows you to earn cash by sharing your cars, trucks and vans.
You can choose to rent it out by the hour, or the day. Plus, there’s a $1M insurance policy and 24/7 roadside assistance included for every trip.
It’s easy: list your car in minutes with descriptions and photos. Set your car’s availability.
Since your vehicle will be enabled with keyless entry and enhanced security, you don’t have to meet the renters! Simply send a code via the Getaround app for the confirmed renter to unlock the car.
You’ll get paid every month.
Turo is another popular car sharing marketplace. Similar to GetAround, it offers a convenient way to rent or share vehicles- search, book and unlock cars right from the Turo app.
4. Rent out your Room or Home
Renting out extra space in your home is a widely popular way to earn extra cash.
Whether you have a whole apartment, house, an extra room or even just a couch, you can quickly monetize it using site like Airbnb.
Not everyone like to stay in a hotel. Budget travelers, backpackers and those who love meeting local people, would go for this option.
- Airbnb: The top #1 online marketplace for vacation rental. You can rent out your private room, entire home or shared living room for travelers from around the world. It’s free to sign-up, and they charge a flat fee of 3% per reservation, among the lowest in the industry.
- VRBO: acronym for Vacation Rental by Owner. Unlike Airbnb, VRBO only lists larger spaces-whole houses, apartments and cabins.
- Flip Key: A vacation rental marketplace with more than 300,000 rental around the world. It lets you earn money by renting out your home or room on Tripadvisor.
- Homestay: Make extra money renting out your spare room to tourists, students and professionals, for short and long term stays.
- HouseTrip
5. Rent your Podcast Studio
I know, this option is not available for everyone.
However, if you have a professional podcast studio, you can rent it out for some extra income.
Not only that, it’s a great way to meet, network and connect with other podcasters.
To get started, simply create a free account and share your podcast studio for rental.
6. Rent your Backyard
If you’re not ready to host overnight guests in your house, you can rent out your backyard for special events. For example as a private campground, wedding and party venue and for movie set.
Gamping: allows you to rent out your yard to campers.
Giggster: a fun way to make money from your property. You can rent your backyard, house or car to movie producers and photographers.
Venuelust: rent out your backyard or property for parties, weddings, TV and filming etc.
Rent the Backyard: Rent the Backyard builds a studio apartment in your backyard & rents it out — splitting the profits with you. They pay for the apartment + handle its construction & management. You can make $10-20k/year in rental income and don’t give up any of your privacy.
7. Rent out your Driveway, Parking Space or Garage
If you have an empty parking space, you can make an additional income stream by renting it out. Whether it’s a garage, your driveway, parking space or curbside, you can list your space for rent on an hourly, daily, weekly or monthly basis.
If you’re in UK, check out Park on My Drive. For US residents, use Spot and SpotPog.
8. Rent out your Camera Gear
If you’re a photographer, you can put your gear to work while you’re not using it.
Site like ShareGrid makes it easy for you to rent out your gear with peace of mind, as your equipment is protected by ShareGrid’s proprietary verification system.
You set the price, choose your own schedule, free to deny rental requests and maintain 100% control over who rents your gear.
KitSplit is another online rental marketplace for cameras, drones, tripods and other related gear.
Conclusion
With the rise of sharing economy, it has never been easier to earn some passive income by renting out your stuff.
Before you start listing your things for rent, it’s a good practice to always know what you’re getting into, understand the coverage, fees and rules.
Don’t let your stuff own you. Put your stuff to work for you, instead.
Would you rent your stuff out for extra cash? Why and why not?
Do you have any related experience to share with us? Feel free to comment below.
I’ve handpicked a few articles for you to read next:
- 6 best apps to sell smartphone photos and make money online
- 10 Best Work from Home Jobs that take little or no experience.
- 10 Best Websites that pay you Well to Write
- How to make passive income by selling information products
If you want to find a location independent job and start making money online, this article may be helpful to you 49 Best Freelance Websites To Find Online Jobs and Start Working from Home Today!
And lastly, if you liked this post, don’t forget to share it on Facebook, Pinterest and Twitter.
