Semi-Passive Income From Things You Already Own

Are you looking for ways to make some extra cash without putting in too much effort? You’re in luck!  By this point in our lives, most of us Baby Boomers have accumulated a good number of possessions.  Renting out these possessions can be a great way to earn some income with minimal effort. You can leverage the assets you already have and turn them into income-generating machines. Whether it’s your car, parking spot, storage space, camera gear, or even your backyard pool, there are many platforms that allow you to rent out your stuff and make some extra money. Let’s take a look at some of the things that you can rent out to make money, and the platforms that are available to help you out.

Renting Out Your Home or Space

There are several platforms that allow you to rent out your house, or part of it. The more prominent of these are:

1. Airbnb: This platform lets you rent out your entire home or just a room to others. You can list your space for free, set your own rates, and Airbnb will handle the booking process and payments.
2. Homestay: This platform allows you to rent out a room in your home to travelers. You can list your space for free, set your own rates, and Homestay will handle the booking process and payments .
3. UnderTheDoormat: This platform lets you rent out your home while you’re away. You can list your space for free, set your own rates, and UnderTheDoormat will handle the booking process and payments .
4. VRBO: This platform allows you to rent out your vacation home or second home to others. You can list your space for free, set your own rates, and VRBO will handle the booking process and payments.
5. FlipKey: This platform lets you rent out your vacation home or second home to others. You can list your space for free, set your own rates, and FlipKey will handle the booking process and payments.
6. Onefinestay: This platform allows you to rent out your luxury home or apartment to others. You can list your space for free, set your own rates, and Onefinestay will handle the booking process and payments.
7. Neighbor: This platform allows you to rent out your storage space to others. You can list your space for free, set your own rates, and Neighbor will handle the booking process and payments.
8. SpotHero: This platform lets you rent out your parking spot or driveway to others. You can set your own rates, and SpotHero will handle the booking process and payments.
9. Swimply: This platform lets you rent out your backyard pool by the hour across all 50 states in the US. You can list your pool for free, set your own rates, and Swimply will handle the booking process and payments.  And just recently, Swimply added rental of backyard courts, like tennis and pickleball, to the platform.
10. Sniffspot. This platform lets you rent out your backyard or private lot to dog parents wanting a private space for their pup. You can list your space for free, set your own rates, and Sniffspot will handle the booking process and payments.

Renting Out Your Vehicles

There are several platforms that allow you to rent out your various vehicles. Here are some of those:

1. Turo: This platform allows you to rent out your car to other people. You can list your car for free and provide a description and photos of it. Turo will handle the booking process and provide insurance.
2. Outdoorsy: This platform allows you to rent out RVs, campervans, and trailers to others. You can list your vehicle for free, set your own rates, and Outdoorsy will handle the booking process and payments.
3. Boatsetter: This platform lets you rent out boats to others. You can list your boat for free, set your own rates, and Boatsetter will handle the booking process and payments.
4. RVshare: This platform allows you to rent out RVs to others. You can list your vehicle for free, set your own rates, and RVshare will handle the booking process and payments.
5. Cruise America: This platform lets you rent out RVs to others. You can choose from a variety of RV models, set your own rates, and Cruise America will handle the booking process and payments.

Renting Out Other Possessions

There are several platforms that allow you to rent out many different possessions.

1. Spinlister: This platform lets you rent out your outdoor gear such as bikes, skis, and surfboards to others. You can list your gear for free, set your own rates, and Spinlister will handle the booking process and payments.
2. BabyQuip: This platform allows you to rent out baby gear such as strollers, cribs, and car seats to others. You can list your gear for free, set your own rates, and BabyQuip will handle the booking process and payments.
3. Style Lend: This platform lets you rent out designer clothes to others. You can list your clothes for free, set your own rates, and Style Lend will handle the booking process and payments 1.
4. KitSplit: This platform allows you to rent out camera gear such as cameras, lenses, and lighting equipment to others. You can list your gear for free, set your own rates, and KitSplit will handle the booking process and payments.
5. Fat Llama: This platform lets you rent out almost anything such as musical instruments, electronics, tools, etc., to others. You can list your items for free, set your own rates, and Fat Llama will handle the booking process and payments.

This is not an exhaustive list.  There are many other platforms that allow you to rent out your possessions, and the market changes rapidly.

For your own protection, carefully read all the terms from any platform you use.  Pay extra attention to any insurance that is provided.  Make sure that any gaps can be covered by a personal or business policy.

So, are you ready for some low-effort income?