The Internet has changed many aspects of our lives. We now have very easy access to a lot of information that was never really available before. We can now communicate and advertise almost anything which has led to the birth and growth of the sharing economy.
Now if there is an item that you would like to use for a short period of time, you can rent it rather than having to buy it and own it forever or sell it after you are done using it.
This is great news not only for the people who are in search of an item for a few days use but also for people who are looking to make a few extra bucks buy joining in a the market with items that they would like to rent to others. All you need to do is look around your home and decide what can I rent out and how much will I rent it for?
Do You Have An Extra Room?
You might be surprised to learn how many people don’t really like staying in a motel or hotel when they travel. Some travelers are trying to stay within a tight budget while others just prefer to stay in a home.
But whatever the reason, there is a great market for renting out an extra room in your home to someone for a single night or even a longer stay. There are many sites online that you can list with and each one does take a portion of the money in fees but it is a great way to make some money without really spending anything yourself. The room is there and it is just a great little side income for you. In some cases, you can make extra money by adding other services to your guests such as meals or even laundry service if they will be staying for more than just one night.
You might be surprised to learn how many people don’t really like staying in a motel or hotel when they travel. Some travelers are trying to stay within a tight budget while others just prefer to stay in a home. But whatever the reason, there is a great market for renting out an extra room in your home to someone for a single night or even a longer stay.
There are many sites online that you can list with and each one does take a portion of the money in fees but it is a great way to make some money without really spending anything yourself.
The room is there and it is just a great little side income for you. In some cases, you can make extra money by adding other services to your guests such as meals or even laundry service if they will be staying for more than just one night.
Renting Your Car
There are also travelers who will need a car during their stay. Again you can list your car on several different websites and schedule it for rentals when you won’t be using it. This can also be a great additional service to offer to a guest who is renting a room from you.
You have the added benefit of getting to know the person who will be driving your car a bit better and it is an added convenience for the guest. If you are not comfortable having someone else driving your car then you can also make money working for a private car service such as UBER or Lyft.
Other Modes of Transportation
Do you own a bike, motorcycle or scooter that you are not using all the time? If so then you could rent these items out to locals who just want to get around town for a day or to tourists who need affordable or fun transportation. These items are easier to rent because unlike cars, there are not too many
Share Your Sports Equipment
Sports equipment is also a great item to rent for extra income. If you live in an area near a beach, then tourists would be glad to be able to enjoy your kayaks, surf board or boogie board when they are spending a day at the beach.
Not only are these items that most visitors don’t own but they are also items that are difficult to travel with. It is much easier to rent a surf board than to try to ship yours with your luggage. If you are near the mountains then chances are you have skis and snowboards of your own.
Consider renting them to the tourists when you are not using them to earn some extra cash. There are many sites where you can list your gear for rent and some even offer an insurance coverage for your items.
Need Office Space?
Many people have jobs that require them to travel often for work. But these same people don’t always have an office to go to or a space to work when they are not meeting clients. If you have extra space in your office, then you might want to list it on one of the websites that helps you rent workspace.
Many times the renter will just need a quiet space to work or some very basic equipment such as a printer. Some services rent by the hours but others rent for a day or even a week. If you have a home office that you are not currently using, you might also want to consider renting that work space.
Household Items
There are party rental stores and tool rental stores available in larger cities but not every town offers these services. You can rent items such as a gas barbeque grill, an outdoor projector, and even kitchen appliances.
You just need to put up an ad and be willing to live without the item for a few days while it is being rented out. If you are not using a formal service website, then you will want to write up an agreement and request a deposit but other than that it is an easy process to earn a little extra cash.
Are You a DIY’er?
If you enjoy do it yourself projects, then you probably have a large supply of tools. But there are a lot of people out there who don’t use tools very often and would rather rent what they need for a short term project. You can list your tools on one of several tool rental websites that serves your area.
The website takes care of the deposit and the screening so all you need to do is sign up and wait for the call or email. This is a great way to get some extra money and to help you to fund your next do it yourself project. Entering the new rental and sharing community is as simple as looking around and asking yourself, what can I rent today?
Are you also wondering, what is a title loan? Check out some resources.
These are all excellent ideas to make extra money, especially if you need a title loan without a job or starting a business with little money.