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Thursday, 3 January 2019

Make Money By Your Stuff



Maybe you don’t want to drive around doing chores and deliveries for others.

Maybe you hate driving so much that your car sits in the garage 80% of the time. Why not make extra income by renting it out on Turo for some extra cash?

And while you’re at it, you can also rent out the now vacant parking space using JustPark.

Do you have a spare bike or one you rarely use? Rent it out as well, with Spinlister. These days you can rent out practically everything you own, including the shirt off your back. Don’t stop at the shirt. You can rent out your entire wardrobe, including shoes, handbags, and accessories, using Style Lend.

Once your home is clutter-free, you may even realize you have an entire room that could be rented out. Airbnb allows you to easily rent out a room, or your whole place to short term guests.

Zeona McIntyre first got involved with Airbnb hosting when she was 26. Just three years later, at the age of 29, she was already financially independent and capable of early retirement.

Not only did McIntyre rent out the spare room in her apartment, but she also rented out her room as well, and couch-surfed with friends. Then she acquired more properties and rented those out through Airbnb too. Today, she owns five properties and helps manage 15 more.

To earn extra cash renting out your goods, make sure you take lots of high-quality pictures. These can lead to faster rentals and higher rates. You’ll also need to create detailed and engaging product descriptions. The more info people have, the more likely they are to be interested.

Be sure always to keep an up-to-date schedule of all your rentals. You don’t want to accidentally rent out your car when you were supposed to go on a road trip.

To join the industry projected to hit $59.4 billion by 2022, you can get started with Airbnb.

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