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How To Rent Out Your Car, Pool and More for Extra Income – GOBankingRates

Money / Financial Planning

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Money / Financial Planning

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Is your closet a collection of designer items collecting dust on their hangers? Or perhaps your pool or tennis court isn’t getting as much use now that your children have moved out of the house? You can turn these valuable items and areas in your home into an additional stream of income by renting them out to others.

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Start earning an effortless income by taking a look at these rental ventures that will allow you to transform your vacant space and unused stuff into a business opportunity.

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Swimply: Share Your Pool With Strangers

You can rent out your private pool by the hour on Swimply. This website is user-friendly and allows you to upload photos of your pool and pick an hourly rate based on your pool’s offerings. Then, you will be prompted to let guests know of any pool rules you want renters to be aware of.

Be sure to stay on top of bookings and check out the requests you receive to discover the local water lovers interested in booking with you. Using Swimply will provide secure payments to your bank account 24 hours after a booking has been completed.

Turo: Loan Your Car With Ease

Booking a car through a car rental company can be a hassle. If there’s one thing drivers can appreciate, it’s a simple and trustworthy car rental process. On Turo, you can be a part of that mission while making some extra money by loaning out your underutilized vehicle.

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Turo offers travelers insurance to all car owners offering coverage of $750,000 with a variety of protection plans to cater to every host’s preference. According to Turo, the average annual income from renting out a single car through the site is $10,516. While the car-sharing company does take 15% to 40% of the rental cost, that percentage goes towards advertising and insurance for your vehicle, thus, bringing you more customers.

Furniture Finder: Rent Out Your Empty Bedroom to Travel Nurses

On Furniture Finder you can rent out your spare bedroom to healthcare travelers looking for a temporary stay. Typically, these travelers are looking for housing for at least 30 days while on assignment. You …….

Source: https://www.gobankingrates.com/money/financial-planning/how-to-rent-out-your-car-pool-more-for-extra-income/

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