For nearly seven years, as founder, CEO and editor Side roomI spend a lot of time researching and reviewing platforms designed to help people make extra money. A question I’m often asked is: “How can I turn something I already have into sideline?
For example, if you find yourself home-rich but cash-poor, there are actually several ways to use your home to Make some passive income — and you don’t need a roommate to do it.
After sifting through more than 500 online platforms, I found that some of them allow you to monetize the space you live in by renting out part of it for a specific purpose, such as storage space.
On top of that, the hustle and bustle of these housing is low maintenance side hustle This doesn’t require a lot of time or effort on your part. If you want to turn your home into potential, this is my best advice A profitable side hustle.
Don’t miss: The Ultimate Guide to Earning Passive Income Online
1. Rent storage space
Some websites include Neighbor and Stachallowing people with spare space to rent out storage. This can be a Attics or basements, empty cubicles in garages, rooms, closets—even the space under your bed.
All you need to do is measure the dimensions of your vacant space, snap a few photos, and come up with a reasonable rental price. Most peer-to-peer storage rental websites will provide a guide to average rates in your community. The price you charge is ultimately your decision.
You can set limits. Most storage companies, including these platforms, prohibit weapons or any dangerous items, as well as any valuable items such as art, cash, securities, and jewelry. You can also limit how often customers can get items and ask them to call ahead.
2. Turn your yard into a dog park
A website called sniffing point connect people with fences code Pet owners who want a quiet place to play.
Homeowners set their own rates, which usually range from $10 to $25 per hour per animal. They decide whether to provide amenities such as tennis balls and benches for pet owners to sit.
All you have to do is post a profile, set your rates, and keep the door unlocked. The site offers landlords $1 million in liability protection and limited damages.
3. Market your pool
Is there a pool? It can also be rented by the hour through a website called Swipley.
All you have to do is post a profile, set your prices, take photos, and tell potential visitors what they can use besides the pool and deck. For example, is there a restroom or changing area they can use? Are there barbecue facilities available for guests to use in the pool area?
Although these extras are not required to list your pool, you may get more bookings for these extras.
It’s worth noting that Swimply also automatically offers liability and some damages to protect the host.
4. Invite photography crew and photographer
Several websites – including jigste, Wow and peer space — Specialized in finding unique locations for filming, photo shoots and events You are encouraged to list your rental property by the hour. A house that costs $100 a night to rent on Airbnb can be rented here for $100 an hour.
Guests are expected to leave the property in the same condition as when they checked in, so cleaning fees are usually not required. However, you can add additional costs (such as on-site representation or cleaning fees) if you wish.
You decide what type of event you are willing to host, whether renters can use the entire home or just part of it, and the maximum number of people allowed.
You can also set your own rates and determine terms, such as whether renters need to purchase event insurance to host parties at your place, which I highly recommend.
You can also set a minimum rental time, such as four hours. That way you’ll know that whenever you get a booking, you’ll earn enough to make your efforts worth it.
Kathy Christopher Yes founder SideHusl.comthe most comprehensive directory of side hustle platforms on the Internet.
Want to make some extra money outside of your day job? Sign up for CNBC’s online course How to make passive income online Learn about common passive income streams, tips for getting started, and real-life success stories.
