A bit of extra money that you can earn from renting your unused apartment or things you don’t have a need for currently can go a long way. It can mean a difference between going on a vacation this year and settling for a staycation – which is going to be a tough sell if you have kids, trust me.
But what can you do if you don’t have that much room to spare? What if all you’ve got is an unused, semi-cluttered garage full of junk you need to get rid of anyway?
Well, if you’re not planning on buying a car to park in that garage anytime soon, how about renting it as storage space!
Although slowly, we’re moving towards a sharing economy and you can be a part of it in any shape or form you like.
An empty garage or a spare room that you can turn into storage space will do just fine – you’ll start earning a bit of cash on the side for your other projects and your neighbors will have a place where they can drop off their skiing equipment, winter tires, or excess wardrobe at great prices.
Who Can Rent Storage Space at Their House?
Well, the operative two words here are ‘your house’. While you can probably sublet space in the apartment or a house you’re renting yourself, somehow I don’t think your landlord would appreciate that.
Also, make sure you look into any state or federal laws that govern renting your space to others. Most states have this sorted out but since you won’t be taking on a tenant and because you will mostly be using online platforms to rent out your space, things can get a bit muddy. The best thing you can do is consult with your local landlord and tenant advisory board or a lawyer who specializes in that area.
Why Should You Rent Out Storage Space at Your House?
Renting out storage space is a great way to make money fast if you have extra room but don’t want to take on a tenant. Stored things don’t move about and you don’t have to share communal space with them– you will have your peace and quiet while making a buck in a secure way!
Most of the things that are stored in your space will be there for a while – winter tires and ski equipment for the duration of summer, seasonal clothes until someone needs it again, and things like that. You won’t be bothered by your clients on an everyday basis and you’ll be in contact with them only when they need to pick up or drop off something.
To reiterate – renting storage space is an easy way to:
- Make some extra money safely
- Help out people in need
- Meet cool new friends
What Spaces Can You Rent Out?
Whatever space you decide to rent out you need to make sure that things can be stored there safely and securely. This means that there are no damp or mold issues that might ruin someone’s belongings.
- Spare rooms
Where to Start
Renting storage space in your house is easy – you simply list your space online and you will be contacted by the platform you’re listing on once there’s an interested party.
- STEP 1 – Inspect your space
- STEP 2 – Clear and clean the space
- STEP 3 – Take representative photos
- STEP 4 – Find several online platforms where you can list your space
- STEP 5 – Choose a platform, list your space, and decide on pricing
- STEP 6 – Set rules – duration, undesirable items, and more
- STEP 7 – Store items
- STEP 8 – Get paid
1. Where to List Your Storage Space
That empty attic doesn’t have to stay empty forever nor does your empty garage have to serve as your indoor basketball court. Renting storage space in your house is an easy and safe way to make money without having those pesky tenants milling around all the time!
Renting Storage Space