When you are unemployed, it may seem like all of your time is wrapped up in trying to find a job and trying to find more money to take care of your monthly expenses until you secure new employment. One of the most overlooked options for obtaining more money is renting out some of the things you own to people who would like to rent them. This option is generally overlooked because people do not know about the multitude of services available that can help them connect with people that would like to rent their stuff. Here are some of the things that you can rent to get some extra cash in your pocket.
Rent Out Your Storage Space
Do you have a spare room, an attic, or some space in an unused garage? If so, you may want to consider renting out your storage space to someone that needs it. You can allow other people to store their things in your home for as long as you want using services as Store At My House and ShareMyStorage. The storage fees are collected by the company that matches you up with someone in your area that need someplace to store something and you receive a portion of the fees, minus the company’s commission, as your payment.
Rent Out Your Car
There are a number of peer-to-peer car rental companies that focus on matching those with a car to rent with those who want to rent a car. If you know that you intend on staying home for a few days or if you have a car that you can spare, you can use websites such as Getaround, JustShareIt, and Turo to rent out your car on the days that you do not need it. Many of these companies offers theft or damage insurance coverage for those that rent out their cars and provide a liability insurance policy of up to $1 million as well. With many services, you list your car for free and are given a portion of the rental fees once the rental has been completed.
Rent Out Tools, Sports Gear, And Other Stuff
You can rent nearly anything to anyone online through one of the various websites that focus on bringing together owners and renters. If you have something that you are not using, one of these sites may help you turn that item into additional cash in a relatively short period of time. There is a large market for renting power tools and sports equipment that someone may use one or two times for a specific occasion and then never use again. You can rent out musical instruments, boats, lawnmowers, and even video games. Make sure you read the terms and conditions of the website you are using carefully to ensure that your items will be insured by the company for loss, theft, or damage before deciding where to list the items for rent.
Want some more great money making ideas? Check out this post for 29 more!