You might already rent out a spare room, or even a whole place, on Airbnb, but that’s just scratching the surface of what you can lend to others online. Dig a little deeper and you’ll find you can turn even more of your property and possessions into cold, hard cash.
The apps and sites that will help you do this are simple to use, straightforward in their terms and conditions, and will connect you to interested renters in minutes. They’ll handle communications and payments in-house, too.
Turo: for your car
If your car isn’t in constant use, you can rent it to other people using Turo. Classic and luxury cars will be in demand for special occasions, while renters will seek out standard cars for everyday excursions. You’ll get some spare cash, and the renter will get a car at cheaper-than-normal rates.
Listing your car is free—you’ll just need to provide a description and some photos, as if you were selling something online. You’ll also need to fill out a calendar of availability. After that, the Turo platform will handle every step of the booking process, and provide insurance, too.
While Turo does not expect your personal car insurance to cover anything that happens while you’re sharing your car, it says it has worked closely with members of the car insurance industry to ensure there is no gap in your coverage. Still, you should check with your insurer and any lease or financing arrangements linked to your car before you start lending it out.
How much you earn will depend on the make, model, and age of your car, and how in-demand it is—check out the Turo Carculator to get an estimate. You’ll pocket between 65-85 percent of the trip price, depending on the level of insurance you want.
SpotHero: for your parking spot
From cars to parking spaces: You can also earn money renting out your driveway or designated parking spot for cash. Of course, this works best if you live in an in-demand part of town, where people are going to want to leave their vehicles.
The SpotHero app will take you, step-by-step, through the process of creating your listing. Once it’s done, a SpotHero team member will check the details you’ve provided, then tell you if you can make money from your space and how much you might be able to charge. Your rates are ultimately up to you, but SpotHero will give you advice on current market rates.
Every month, any money you’ve earned will be deposited straight into your bank account or arrive as a check in the mail. The Seller Control Panel inside the app and on the web lets you block out times when your spot won’t be available and see reservations that are currently booked. You can sell your spot hour by hour, an entire month at time, or somewhere in between.
Neighbor: for your storage space
Spare storage space is often in demand, and if you’ve got some to offer, Neighbor might be able to help you make money from it. It’s easy to get started, and easy to manage your space.
You simply say how much room you’ve got to give, and when it’s available, and Neighbor will match you up with suitable renters. There’s a $2 million “host guarantee” to protect you in case renters or their possessions damage your space, and you can choose to meet with a potential renter or ask for government-issued identification before sealing any deal.
Creating a listing is free, and once someone reserves your space, Neighbor will claim 4.9 percent of the total cost of each reservation as a fee, plus 30 cents per transaction. How much you charge is up to you, though Neighbor will make a recommendation—a basement in New York City could earn you $3,000 a year, for example.
Spinlister: for your outdoor gear
If you’ve got a bike, surfboard, skis, or snowboard that you’re not using much, you can let other people enjoy them (and pocket the cash) through Spinlister. The service is particularly handy for surfboards, skis, and snowboards, as you’re unlikely to be using them all the time unless you live right by the beach or mountains.
All you’ll need for your listing is a description and some photos. You can set your own rates and change them at any time. Cheaper rates mean more business, obviously, but you can easily adjust how much you charge once you’ve got a feeling for the market.
Spinlister takes a 17.5 percent cut in return for connecting you to each renter, and will cover your goods with insurance for $5,000 (bikes), $2,000 (surfboards), or $1,000 (skis and snowboards). You can set the availability of your items, too, and block out certain times when they can’t be rented.
BabyQuip: for your baby gear
Those of you with an abundance of baby gear might want to give BabyQuip a look. It connects you with people who want to rent items such as cribs, usually because they’re traveling and don’t want to lug everything with them.
It’s a bit more of a commitment than some of the other opportunities here, though. You’re responsible for delivering the equipment to wherever it needs to go in your local area, and you’ll need to pay a $100 fee to get started.
At the same time, there’s a bit more potential to grow. You can advertise your rentable stuff on sites other than BabyQuip as well, meaning BabyQuip customers may just be some of your clients. No matter where you advertise, BabyQuip will insure your gear and will take 20 percent of the rental and delivery fees you charge.
BabyQuip is only available on the web
Style Lend: for your clothes
Your wardrobe may be full of rental possibilities, especially if you’ve got high-end clothes. People don’t necessarily want to spend thousands of dollars on a dress they’re only going to wear once, but they’ll likely be willing to rent one for a fraction of that amount.
That’s where you come in: Submit your items to Style Lend, and once they’ve been approved and listed, you’ll be connected with potential renters. You’ll have 24 hours to greenlight requests, and Style Lend will take care of insuring the clothing for you.
The more upmarket the clothes you’re lending are, the better—you’ll field more requests and make more money. In return for its services, Style Lend will take a 20 percent cut, and you’ll get the rest through PayPal or Venmo.
KitSplit: for your camera gear
KitSplit is the place to go to if you’ve got high-end camera gear to rent out. The amount you can make depends on what you’ve got, but renting out a $1,000 camera for half the year could net you $2,550 or so in fees, the site says.
It’s all very straightforward: You tell KitSplit what you’ve got, add some photos and a description, and the site will connect you with people who want to rent your gear. It’s up to you how much you charge, but a quick browse on the KitSplit portal will show you various market rates.
In return for connecting you with renters, KitSplit will take 6 percent of whatever you’re charging. For that fee, you’ll also get insurance coverage up to $20,000 for every rental, should your gear be damaged or stolen.
KitSplit is available on the web
Fat Llama: for everything else
You won’t find a rental market for everything in your home, but if you have gear you think people might be interested in borrowing—from drones to projectors—get it listed on Fat Llama.
The service is very much an open marketplace, so you’ll be able to list just about anything you like at rates you like and see how much interest you get. You’ll be responsible for your listings, and Fat Llama will connect you with people in your area while insuring everything you rent for a maximum of $30,000.
Think eBay, but for renting, with user feedback and verification that’s meant to keep people honest on the site and in the app. In return for its services, Fat Llama will collect a 15 percent cut of whatever rental fees you’ve agreed on.