If you own property, it’s likely you’ve at least considered renting out some or all of your space as a source of income (especially if that property is a second home, for example, and sits empty for much of the year). But did you know that you can make money from renting out more than just your home?
If you think about it, there are plenty of things you can rent out for extra income and you may not even realize it. Not only could we all probably use the additional cash, but it’s also easy to do the below—i.e., you can probably start doing some of these this very moment.
1. Rent Out Your Car
We all know about Airbnb, wherein you can rent out a room in your house—or the whole house—and make some side money. But with companies like Turo, formerly RelayRides, you rent out your car. Some of the perks with Turo include reviewing potential renters’ requests (or enabling people to instant book, just like with Airbnb), 24/7 roadside assistance and being insured by their $1,000,000 liability policy. How much can you make? You’ll earn 65-85 percent of the trip price, Turo states on their website. Not bad, right?! And it’s easy to sign up. Think of it as a dating profile—for your car. Simple!
2. Rent Out Your Parking Spot
Speaking of cars, in many cities, like Los Angeles and Chicago, friends of mine rent out their parking spots (including their driveways!). They either have a spare space or choose to park on the street themselves so they can make some extra money. Some make a couple hundred dollars per month this way!
Yes, you can use Craigslist to do this. However, the safer route to rent out a parking spot is probably through a company that specializes in this service, such as JustPark. You can rent your spot for set hours per day, all day, weekly, monthly or whatever suits you. Listing your spot is free, and the money you make then goes straight into your bank account or PayPal. As for how much you make, JustPark adds 25 percent to whatever your rate is (which you set), so you don’t pay them a commission. A definite win-win! And if you need help setting a rate, JustPark will help.
3. Rent Out Your Baby Items
As we wrote about in our story about mobile apps that’ll you make extra money, you can rent out your baby items, like strollers and car seats, via apps like goBaby. They call themselves “the Airbnb for Baby-Gear-on-the-Go,” and we can see why. Not only is this a great way to start a baby fund bank account, but you can also charge more if you deliver the item to the user. Currently, it’s available in New York City, and will soon be in other big cities, including Boston and Chicago.
4. Rent Out Your Camera
Even though a lot of people use their phones as cameras, many people still use good “old-fashioned” cameras, too. With KitSplit, you can rent out your camera to those people and earn a profit. Same goes for your video camera. Simple, huh? You set a daily rate and then watch the money come in. Plus, quick aside, there are also a number of other ways you can use your photography skills to earn extra income.
5. Rent Out Your Bathroom
Yes, this one threw us for a loop, too, but it makes sense when you think about it. The app Airpnp was started during Mardi Gras in New Orleans in 2014, due to the lack of bathrooms and non-lack of people.
“During Mardi Gras they routinely experienced the pain point of having no place to legally urinate,” states the Airpnp website. But you don’t have to be in New Orleans to use the app. You can list and rent out your bathroom with airpnp, too. A clean bathroom to use when out and about, especially when out of town?! Yes, please!
There you have it—ways to make money you may not have thought about before, via things you can rent out for extra income. Plus, they will help you keep your 2017 money resolutions! Now excuse us while we go work on the above.