Best Apps for Earning Money by Renting Out Your Stuff | Topictre
In today’s world of the sharing economy and we think and Uber for everything, converting your unused items into money makers is as simple. Modern life is full of the constant development of the gig economy and the large use of mobile technology offers a lot of applications to rent out your belongings and make money.
It’s a truly unique approach, and today, no matter if you have a spare room, tools, or even a camera, there’s an app that can help you turn your possessions into a source of rather generous income. At Topictre, we have come up with a list of the most useful applications for the creation of additional income with the possible rental of things. Check these out and begin making money from the things you already own!
1. Airbnb
Airbnb is the platform to use if you are to rent out spare rooms, entire homes, or any other property. It brings hosts to travelers in need of a place to sleep for a night or two.
How It Works: Post your property, decide your rate, and provide details of the services to be offered. After this, other guests can schedule for the space that you have listed. Payments are controlled by the hosting company, while transactions and deals are safe and secure.
Why It’s Great: The company operates an online platform that connects hosts and travelers and has a large community of users. It has many facilities to order bookings and allocate guests and you can make good money depending on your area and home.
2. Turo
Turo is a car-sharing marketplace through which you can provide your car for rent when you do not need for it. It is, therefore, a good way of earning an income out of a car that could otherwise be a mere ornament.
How It Works:
Create an account at Turo and provide information on your car including its current condition, availability for rent, and the amount you will be charging for its rental. You can put the vehicle for rent and people will hire it for their use. Turo does the trade and offers insurance for your car when you have rented it out.
Why It’s Great:
Turo also provides an opportunity to earn money on your car, and both – the owner and the one who rents, are protected by insurance. It’s ideal for such a person who owns a car that he or she uses occasionally.
3. Neighbor
Neighbor is an app that brings users who have space that they are willing to rent out to those who are in need of the space. It is perfect for renting out of a garage, attic, basement, or even a spare closet.
How It Works:
Register for free, post your space, and determine your rent. People in search of storage can view the ads and get in touch to hire your store. Most transactions go through the app and the rental timings are something that can be easily kept track of.
Why It’s Great:
The neighborhood is also an easy solution for making money out of the extra space that one may have at his or her disposal. Some of the benefits of using this room are that it’s suitable for homeowners with a spare room who wish to earn some income without much hustle.
4. Fat Llama
Fat Llama is highly generalized and you could rent practically anything ranging from cameras and drones to power tools and musical instruments. It is intended for sharing personal property with other people in your community, mostly for a fee.
How It Works:
Register on Fat Llama and describe the item for sale specifying the photos to be used. Tenants can easily go through the listings you have posted and arrange to hire the items they require. The app also deals with payments and helps to safeguard customers from any form of scams.
Why It’s Great:
Fat Llama is a marketplace that avails almost anything that you can put for rent and people will pay for it; items that you may not frequently use but have great value if hired. The platform is local and it assists you in reaching out to renters.
5. Spinlister
Another app is only dedicated to bicycle rental, and other similar equipment, such as surfboards and snowboards – Spinlister. It is ideal for those who might have equipment and other things that they occasionally use outdoors.
How It Works:
Make a list of your gear, its specifications, and the hire charges. Users have been able to book equipment via the application and obtain them from different parts of their geographical region. Payments are handled by Spinlister while the rental services come with insurance during the rental period.
Why It’s Great:
Spinlister focuses solely on outdoor gear, which gives it a specialty and a target market that is very much into it. It is suitable for those who have sports equipment they wish to let out in this kind of setup.
6. GetMyBoat
GetMyBoat is the biggest boat-sharing and water activities platform in the world today. This opportunity lets you or your fleet monetize your boat or other watercraft when it is not being utilized.
How It Works:
As a boat owner, register to list your boat together with features and rental charges as well as the availability of the boat to renters. You can post your boat and the list of its features and services and people who seek a house for rent will find your boat and rent it for their water activities. Payments are done via the site, and insurance of your boat during the hiring is also covered by GetMyBoat.
Why It’s Great:
Getting My Boat is dedicated solely to the advertising and renting of boats and other watercraft, which means that the site will be exposed to a group of persons interested in water activities. Essentially, it is ideal, especially for those who own boats and wish to make a profit out of it.
7. RentNotBuy
A social rental business that is docketed as RentNotBuy deals in different personal products as well as equipment. This app can be categorized under electronics as well as home appliances, tools, and anything else you imagine.
Advertise your stuff for rental in the best descriptions and post as many pictures as possible. Users can search and make bookings about the needs they have about the items that you offer for rent. The payments are handled by the app and there is an easily navigable user interface for rentals for both sides, renters, and owners.
Why It’s Great:
Some of the types of items that are easily rented out through RentNotBuy include a wide range of categories thereby allowing almost every item to be rented out. It aims to offer a relevant facility to individuals seeking to rent in order to get to those willing to offer their property.
8. RentMyItems
RentMyItems is a marketplace for renting small household appliances, tools, sports equipment, and other similar equipment. It’s a great way through which people can make some money from items that they may have in their possession but rarely use.
How It Works:
Register your items in RentMyItems and describe the condition of the items and the amount of money you would like to charge per use. Lessees can search for, and make arrangements for hiring, the required goods. The app also deals with payments and gives a secure means to carry out rentals.
Why It’s Great:
They made business very easy for people who like to rent out different items at home and recreational items through RentMyItems. It can be used to make money from items that can otherwise be idle.
9. LendingClub
Overview: Lending Club focuses mainly on the P2P lending business but has an opportunity to rent many different items. It is one of the strategies which can be adopted by individuals to expand on rental-based income.
How It Works:
Listing of the items available for rent, their features, and the respective costs to hire them. The inventory of available items is available for viewing and booking, and payments and transactions take place within the application.
Why It’s Great:
Another source for making money comes through renting out articles through LendingClub. This reason also makes it solid in the financial domain as it has credibility and reliability to be reckoned with.
10. RentMyBike
Overview: This app however is for a special niche that is renting bicycles only known as RentMyBike. If you have bikes and they are not in regular use then this app provides a separate market for renting out those bikes.
How It Works:
Register your bike on RentMyBike with specifications, and its condition that is either available for rent or not. You can rent out your bicycle for short-term or long-term use and the application handles the payments as well.
Why It’s Great:
RentMyBike is solely based on bicycles so it is perfect for bicycle owners who are looking for a place to advertise. The fact that it is categorized makes it possible for you to be communicating to people who are interested in renting bicycles.
Conclusion
Sharing your items through these apps is a great way to make an additional earning while also clearing up some space in your dwelling. Whether it is renting out a spare kitchenette on Airbnb or a bike on RentMyBike, such markets are convenient and safe options to monetize idle assets. Through these apps, you get to sell products from the comfort of your home, making a lot of money from things you initially did not know much value.
Try these apps and analyze which one is most suitable for your items and your way of life. With the correct choice of a platform, you will be able to earn money as a seller of rented items and enjoy the opportunities constructed by the principles of the sharing economy.
