If you’re looking to make some extra cash this year, renting out some of your things for profit might interest you. This means that you allow people to use something you own in exchange for cash. It’s a great way to make money without paying anything.
This blog post is all about the best things that you can rent out for quick and easy cash. From unused space to vehicles to furniture, there are many things that you can rent out to generate an income passively.
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The Most Profitable Things to Rent out for Money
Now, here’s a list of some easy things to rent out and make money.
1. House or apartment
Houses and apartments are among the most profitable things to rent out. The reason is that there’s quite the demand for them from people that want to stay at a place just for a specific period.
It can be travelers or people going to an event nearby, among others. Most of these people will be looking for affordability, safety, privacy, and other qualities in their search for temporary housing options.
Here are some online platforms to easily rent out your place:
Just make sure that your place is ready and compliant with the website’s requirements. In most cases, you can set or adjust your rates. But your earnings will depend on factors like the value of the property, the location, and the time a renter stays in it.
2. Storage space
If you have an extra space in your house that isn’t being used, you can rent it out too. Many people need to store things but don’t have the space. It can be something like a vehicle or other personal belongings.
There’s a wide variety of storage spaces to rent out for money. Some examples are storage sheds, garages, parking spaces, and even rooms in your house.
One of the best ways to find people that need storage is by going to online storage marketplaces. A few good ones to use are:
- Store At My House
You’re always free to confirm what someone wants to store before entering an agreement. You can charge for storage based on factors like the type, size, and location of your storage space.
3. Place for pets
Pet owners can get busy with work, travel, and other day-to-day activities. Most of them choose to have someone take care of their pet while away.
A pet sitting job may require you to check on the pets at their home. But in some cases, the owner may want to bring the pet to you. You can host pets at your place such that the owners can come for them at a later time.
These online platforms are great for finding pet owners in need of a place for their pets to stay:
- Rover: Host dogs or cats and get paid after completing the service. You can choose the type of pets and your available time. Rover also has jobs involving checking in on pets at their home or house sitting.
- Sniffspot: Offer your land as a private dog park.
4. Place for events
There are lots of events that occur on a daily basis worldwide. Some examples are parties or other formal events like meetings. In fact, movie and music companies can hire your place if it’s appropriate for shooting their film or music videos.
If you have a decent place where an event can happen, people may want to rent it. It can be your home or just another suitable space.
Use these options went it comes to renting out your home or space for events:
- Peerspace: List your place or space as a meeting room, photoshoot location, filming location, and more.
- LocationsHub: Put your home, shop, or property, in front of the eyes of movie and TV companies.
- Set Scouter: Host a music video, commercial, or branded content production and earn money.
Maybe you have an office space that someone can use for work, meetings, and other activities. Whether it’s a part of your home or some other space elsewhere, you can monetize it by renting it out.
Small teams, startups, and even individuals require more office space to grow. That’s what they’re willing to pay for it every month.
When it comes to renting out office spaces, the following places come in handy:
It’s possible to even share a portion of the office if only a few desks are available. Plus, you’re the one to decide how long you can share the space with others.
6. Land for gardening or farming
If you have a land, garden, or farm that’s not in use, the best way to ensure it still generates profits is by renting it out to gardeners or farmers. It’s a great opportunity to make decent money. And you won’t have to worry about planting, irrigating, harvesting, and other farming operations.
Some things to note when renting out land are its value and condition. You can use social media or sites like Craigslist to advertise your land for gardening or farming.
It helps if you vet farmers that want to rent your land well. Filling out the necessary legal paperwork is also essential.
If you have a car, it can be really profitable to rent out. You can rent your car by the hour, day, or week. You’ll find that there are people who need to make trips and need a car to make it happen.
You can find potential car renters for short-term rentals in a variety of ways. For example, you can post on social media, go to events, or even put up flyers around town. The Internet also has numerous online platforms to list your car for rent.
Some of the most popular car rental platforms are:
You’re free to list as many cars as you wish and boost your earnings from car renting. These car rental sites have insurance coverage and vehicle protection for their users. So, you won’t have to worry about losing your car or paying for damages yourself.
Trucks are also things that you can rent out and make a profit from. Many businesses need trucks to transport things from one place to another. So, there’s always going to be a demand for truck rentals.
You can use the same websites as renting out cars to list your truck. In addition, you could go to business events to market your truck rental services.
Some things to consider when coming up with a price for renting your truck are the rental duration, distance, and truck size. You’ll also need to factor in things like gas and maintenance.
Renting out your RV is another great way to earn extra income on the side. The reason is that there’s significant demand for RVs.
Because RVs can be quite costly to own, some people just opt to rent one for a specific period. You can even out the cost of owning an RV by having people pay to use it for a specific period. These include travelers, campers, and people attending events.
The following online platforms are perfect for renting out an RV:
Such RV marketplaces come with various benefits to RV owners. You get to enjoy insurance coverage, renter verification, roadside assistance, and more.
10. Advertising space on your vehicle
Did you know that it’s possible to advertise on your vehicle and get paid? If having wraps or stickers on your vehicle is fine with you, this idea suits you.
Companies that need to boost their brand awareness can pay you if you let them advertise on your car. You just need to drive as usual. It doesn’t matter if you’re going to work, visiting someone, or driving somewhere else.
These websites allow you to sell advertising space on your vehicle:
Remember, wrapping your vehicle isn’t permanent. You’ll just need to keep the advert on your car for a specified period. You may also need to be able to drive a particular number of miles per day, week, or month.
Another profitable thing to rent out for money is a boat. Even if you live near a waterway or coastal area, it’s likely that you only use your boat at certain times.
When not in the waters, you could let others use your boat and make extra cash. Some people that can hire your boat are water adventurers and those that occasionally do fishing. Hiring a captain to manage your boat is an option if it’s not a small one.
Some online platforms for boat rentals are:
If you have some extra furniture lying around, you can rent it out as well. There are many people that need furniture but don’t want to buy it. They may only need it for a short period or not have the budget for purchasing it.
You can list your furniture on online rental platforms or even social media sites. Make sure to take pictures and write descriptions of your furniture to make it easier for potential renters to find what they’re looking for.
When setting a price, make sure to consider things like the type of furniture, how long it will be rented for, and the condition of the piece. You don’t want to charge too much or too little for your furniture.
13. Musical Instruments
Maybe you’re a musician or have some musical instruments you don’t use a lot. It could be a guitar, violin, piano, or another electrical or non-electric musical instrument. You can make money by renting them out too.
Some people want to play a musical instrument but can’t afford to buy one. So, they may be willing to rent one for a specified period.
Check out the sites below if you have any music equipment to list:
- Fat Llama
14. DJ equipment
DJ equipment is among the most profitable things to rent out. It’s another way to make money from events besides renting out the venue space.
As you know, DJs make parties and other events come to life. You may find that someone has been hired for a deejaying gig but doesn’t have the equipment. Or, an event planner may be the one looking for decent DJ equipment to rent.
You can list your DJ equipment on places like:
- Fat Llama
15. Clothing and costumes
You might be surprised by the number of people that need to borrow your clothing for a short time. Maybe they do so because they won’t really need to wear it after the function they’re going to or the outfit is expensive.
It can be an interview and they need formal attire for it. Or, someone may need specific clothing for a photo shoot or video shoot. Costume parties also happen from time to time and a guest might need to dress up in a costume without buying it.
Here are some places to list your clothes and costumes:
- Fat Llama
- Rent My Wardrobe
These are some of the easy things you can rent out for profit today. If you have any of these things or property lying around, don’t sit on the extra cash any longer. List them online for willing renters to see and create a new source of income for yourself.
What other things do you think people would be willing to rent? Put it in the comments below!