In our society, it’s not uncommon that we find ourselves wishing we had extra cash. However, most of us work full-time jobs and rarely have the energy for a second one.
Plus do we really want to spend 60 hours or more a week working two jobs? How would we even enjoy the extra money we earn if we’re always at work?
We have a solution. It’s a solution nearly anyone could take advantage of. Rent out your stuff for cash.
Yes, you read that right. Surely you have something lying around you hardly use that somebody might appreciate. However, this idea extends further than just personal possessions.
Interested? Keep reading to find out more!
Items Anyone Can Rent Out for Cash
Roughly 80% of Americans live paycheck to paycheck and it’s the same all over the world. Half of the population in Australia lives paycheck to paycheck and 85% admit to living beyond their means.
This isn’t to take a dig at our way of life, it’s to highlight how everyone can use some extra cash!
Take a look at all of the things you can rent out to keep your pockets fuller!
1. Sports/Active Equipment
How much stowed away sports equipment do you have in your garage, shed, or storage unit. If you’re not using your snowboard, waterskis, or bicycle, why not let someone else – for a small price.
Alternatively, you may have spare golf clubs, tennis rackets, cornhole setups, volleyball nets, etc.
Tons of people would love to try recreational activities but don’t have the means or desire to buy the necessary equipment. If you have it and rarely use it, it’s a perfect item to rent out for cash!
You can charge by the day, week, month, season, etc.
2. Storage Space
Do you have extra storage space in your house? What about in your garage, storage shed, or rented storage space?
You could easily rent out your garage for some to store a car, boat, or jet skis during the winter. You could also rent out some space in the rest of your garage or home for people who need to clear out parts of their home, are moving, or need to downsize.
Either way, it’s a solid source of revenue that comes with its own collateral.
3. Inflatable Structures
Do you own any inflatable structures such as bouncy castles, obstacle courses, or slides? If so, you may be in a prime position to rent out your equipment for some easy cash. You could rent out for public events, birthday parties, summer camps, etc.
If you don’t have any inflatable structures, it may be beneficial to look into it. If you want to find out more, it could be a really wise investment.
4. A Spare Room
Finding a place to rent can be difficult depending on where you live. Even if you live in a place with a lot of options, cheap options may be hard to come by.
If you need a little extra cash and are willing to rent out a small part of your home, it could be a solid source of monthly revenue. Clean out an extra bedroom or office space and put it up online for rent.
You’ll want to be careful with the screening process as you will be sharing your home with the potential renter. However, because they’ll have access to your bathroom and kitchen, you can easily as for at least $300 a month.
5. Rent Out Skills/Expertise
Perhaps you have a certain set of skill or expertise that would be valuable to people. For example, if you’re a talented artist, you could rent out your services as a face painter at birthday parties and other events.
Choosing to rent out your time could also include every-day chores such as getting groceries, washing cars, mowing lawns, cleaning homes, etc.
6. Recreational Vehicles/Boats
Many people would absolutely love to go boating on the weekend or take an RV out for a couple of weeks on the open road. However, those things cost a good bit of money.
If you happen to have a recreational vehicle such as an RV, boat, four-wheeler, etc., you may have a perfect source of revenue right in your garage. You would need to formulate a contract for renters to sign to protect your stuff against damages, but it could be a really good way to bring in spare cash.
7. An Extra Car
Do you have an extra car? If so, why not rent it out for people to use? Once again, you’ll have to come up with a signed contract and make copies of the driver’s license before handing off the keys.
However, if you don’t feel comfortable handing your car off to strangers, you could see if any friends or family members want to rent it.
Finally, you could opt to participate in driving services, such as Uber and Lyft. This, however, would require you putting in time behind the wheel.
Whether you have extra land elsewhere, next to your home, or in your backyard, it may be an easy thing to rent out for money. People could use it to store an RV.
Alternatively, you could rent it to glampers who are traveling in your area. RV owners can often have a hard time finding a safe and inexpensive place to stay for the night. Offer up some of your land and amenities such as water and power for an extra charge.
9. Fashion Items
Finally, if you are a person who likes nice things, you may have a whole wardrobe of opportunity in your room. Rent out designer clothes to people who like to look nice, but can’t necessarily afford to buy them.
There is some risk involved here but there are ways to go about ensuring you don’t get robbed. Make sure there’s a firm “you ruin it, you buy it” policy in place.
Want More Great Advice?
Are you ready to make some money and rent out your stuff? Use this list as your go-to list and figure out what hidden opportunities may be hiding in your home. Good luck and happy entrepreneur-ing!
For more great advice on entrepreneurship, finances, and personal growth, check out the rest of our articles!