Make Money Renting Out Your Belongings: 10 Sites to Try

Are you looking to make some extra cash? Renting out your belongings is a great way to do just that.

Renting out your belongings can be a great way to make extra money because it allows you to make use of things you own that would otherwise go unused.

By renting them out, you can earn income without having to actively sell or dispose of the item. This is especially true if you own high-value or specialty items, such as camera equipment or sports gear, that may be in high demand but only used occasionally.

Additionally, the rise of peer-to-peer rental platforms and sharing economies has made it easier for people to connect with renters and monetize their assets. There are dozens of amazing apps out there to help you get started renting your stuff. 

Let’s take a look at what it takes to rent out your possessions and turn them into passive income.

Tips on How to Get Started When Renting out Your Belongings

Before you get started with renting out your belongings, there are a few things you should do.

• Set clear rental terms and conditions: Make sure to clearly outline the rental period, the price, any restrictions, and the process for returning the item. Doing so helps to avoid misunderstandings and disputes.
• Price your items appropriately: Research the market to determine a fair rental price for your item. Consider the cost of the item, its age, and its condition when setting the price.
• Create a rental agreement: This document should include all the terms and conditions of the rental, as well as the contact information for both you and the renter. Have both parties sign the agreement to make it legally binding.
• Screen potential renters: Before renting out your item, check the background and references of the person who wants to rent it. This helps to ensure that they are trustworthy and will take good care of your property.
• Protect your property: Consider purchasing insurance to protect your item against damage, theft, or loss during the rental period. Insurance will give you peace of mind and ensure that you are covered in any unexpected incidents.  

10 Sites for Renting Out Your Belongings

1) Spinlister

Spinlister is a peer-to-peer (P2P) bike rental service. It allows individuals to rent out their bikes to others in their community, similar to car sharing or vacation rental.

To make money using Spinlister, you can list your bikes on the platform for rent. The platform handles the rental transactions, including payment processing, customer support, and insurance coverage. 

Renters can search for bikes in their area, select the bike they want to rent, and pay for it through the Spinlister website or app. 

You will receive payment for your bike rental minus a commission taken by Spinlister for their services.

2) KitSplit 

KitSplit is an online platform that helps photographers, filmmakers, and creators rent their equipment to others. Even if you’re not a professional, you can still make money renting out your camera gear.

To make money with KitSplit, you just need to list your photography equipment on the platform and set a rental price. Then, wait for potential renters to reach out and get paid when they book your equipment.

3) Boatsetter 

Boatsetter is a boat rental company that provides customers with boat rental services and experiences. Users can search and book boats online and have access to a wide variety of boats and activities, such as fishing trips, sunset cruises, snorkeling expeditions, and more. 

Boatsetter provides a platform for boat owners to rent out their boats and for boat renters to find a boat for their desired experience.

To list your boat for rent, simply create an account, list the type of boat it is, and include descriptions, pictures, and all necessary information. Payments are received through Boatsetter’s secure payment system upon completion of the rental agreement.

4) Fluid Market

Fluid Market is a peer-to-peer rental platform that connects people who need to rent a truck or van with owners of trucks and vans who are willing to rent out their vehicles. Renters can use the platform to search for vehicles in their area, compare prices, and book a rental online.

To make money renting out your truck or van on Fluid Market, you will need to sign up for an account, list your vehicle with details such as make, model, year, and photos, and set your rental price. 

Once you have a renter interested in your vehicle, you’ll be able to communicate with them through the platform to arrange the rental details. Once the rental is complete, you’ll receive payment minus a fee that Fluid Market takes as a commission.

5) Style Lend

Style Lend is a peer-to-peer fashion rental platform allowing users to rent clothing items to other members. 

You can make money by lending out your gently used clothing items, accessories, and shoes to others who are interested in wearing them for a fraction of the cost of buying new ones. 

To start making money, you can sign up as a lender on the platform, list your items, and set your own rental prices. When someone rents your item, Style Lend handles the transaction, shipping, and returns, taking a commission for their services. 

6) Sparetoolz

Do you have a garage or shed full of tools? If so, you can make extra money by renting them out on the Sparetoolz app.

All you have to do is list your tools, wait for someone to send you a request, and get paid when they come to pick the tool up. It’s an easy way to make extra income without extra effort. 

7) Outdoorsy 

Outdoorsy is a peer-to-peer RV rental platform allowing individuals to rent their RVs to others. 

To make money using Outdoorsy, you can list your RV on their platform and set the rental price. When someone rents your RV, Outdoorsy will handle the transaction and take a commission fee. 

You can earn money by renting out your RV when you’re not using it. Just keep in mind that you may need to consider expenses such as insurance and maintenance when calculating your earnings.

8) Rentah

Rentah is a platform that connects people who need things with owners who are willing to rent out their items. 

To make extra money using Rentah, you can list items to rent on the platform, decide how much you want to charge per day or hour for your item, then wait for someone to reserve it. You’ll receive an email notification when someone books your item and get paid through the platform once the rental period ends.

Rentah allows you to rent out almost anything, from extra space in your garage to a prom dress.

9) Getaround

Getaround is a car-sharing platform that allows individuals to rent out their personal vehicles to others in their community. 

To make money with Getaround, you can sign up and list your personal vehicles on the platform. You can set your own rental rates and availability, and you’ll earn money each time your vehicle is rented out. The amount of money earned will depend on various factors, such as the rental rate, the length of the rental period, and the demand for the vehicle.

Getaround handles the booking and payment process and provides insurance coverage.

10) Loanables

Loanables is a peer-to-peer platform that connects people with items to loan to those in need. 

Loanables can be used to make some extra money by renting out items you own and no longer use. For example, if you have camping gear that you no longer use, you could list it on Loanables and rent out the items to campers or adventurers who need the gear for a short period of time. You set the terms of each rental agreement, so you’re in control of how much money you make.

With Loanables, you can rent out your cameras, tools, event spaces, or anything else you aren’t using.

Final Thoughts

Renting out your things is a great way to make extra money, whether it’s fashion items, tools, RVs, cars, or anything else. Not only does it provide you with an additional income stream, but it also means you can put something to good use that would otherwise be gathering dust or costing you storage fees.