If you have extra storage space around your home, such as a spare garage, storage shed, or cement to park an RV – You can rent this out for extra cash!
What Kind of Space can you Rent Out for Extra Money?
- A side yard or backyard space large enough to house an RV, boat, etc.
- A detached garage, pool house, or guest house can be used as an artist’s studio or storage space for someone
- An unused shed can be used by someone as an alternative to a public self-storage garage
- You can even rent a large unused parlor or beautiful backyard for parties and events
4 Places Where you can Rent your Extra Space for Extra Cash
You can post your storage space, garage, warehouse, shed, or parking space on multiple websites across the web. Just like any marketplace, fees and rules vary.
1. Neighbor.com
With the ability to post your storage space for rent for free, $1,000,000 in host liability protection, and secure automatic monthly payments taken for you – There is a LOT to love about Neighbor.com!
Whether you have space to house a boat, RV, or someone’s extra home business inventory, Neighbor.com offers protection for the items being store, as well as liability protection for your space!
2. PeerSpace.com
PeerSpace.com is a great place to list your extra space for parties, events, photo shoots, or workshops. Whether you are a business with a spare conference room for meetings or a resident with a beautiful meditation garden – You can rent out this space for photo shoots, baby showers, workshops, etc.
The possibilities are endless with PeerSpace!
3. StoreAtMyHouse.com
With StoreAtMyHouse.com, sign-up is free, and you set all the rules for your home or business storage space rental requirements! You can decide what price, people, and hours work for you!
4. ShareMySpace.com
From their website, “ShareMySpace makes it simple for anyone to search for and book spaces for work, events, arts, sports, parking, storage, and for almost every non-residential use.
ShareMySpace.com is especially great if you live in a large city, where parking, storage, and other space is limited.
5 Ways to Rent your Space for Extra Cash: Synopsis
Whether you have a spare room, basement storage, unused shed, barn, or parking space – You can be making extra cash every month by posting on these websites!
The possibilities are endless in the type of space you’d like to rent out and to whom!
As with everything, know that you are renting your space at your own risk. Be prepared to minimize risk, by checking with your insurance agency if damage incurred to your property while renting is covered, or if you should purchase additional insurance for such cases.
Also, be sure to check with your local HOA (if applicable), or zoning officials in your area to make sure that it is legal for you to rent your space to others.