Whether you have a spare bedroom, garage, or live on a lot of vacant property there are many ways that you can make passive income from your extra space. This article will go into a few different options that you can explore to gain extra income from your unused space.
Rent Out Your Home
There are many different types of companies that you can rent out your home with if you take vacations, or have multiple properties, there are event options to rent your home out for hourly events. Here are some companies that you can use to rent out your space with and what they do:
Airbnb is the best-known hosting service where individuals rent out their properties to those on vacations, weekend getaways, or any other reason you may need a place to stay. You can list your space on their website and put the dates that you are able to rent. They have spaces all around the world and have a good number of hosts in the Atlanta area that you could join.
VRBO stands for Vacation Rentals by Owner and is a competitor with Airbnb, offering the same type of service. It is just another platform in which you can look into renting your space out for those on vacation.
Peerspace is a little different from traditional home rental companies, you are able to rent your extra space out for different occasions such as meetings, creative studios, or celebrations. This can be useful for those with more commercial spaces, or with areas in their house that are perfect for different types of events.
Rent out your Barn
If you have a barn that you are no longer using, you can rent it out for different purposes. There are some individuals who are looking for a barn to work out of or to store their vehicles in. The average barn can rent between $80 to $140 depending on the size of the vehicle that is being stored. You can rent out your barn for vehicle storage through STOW IT. You can learn more about renting out your barn for storage through STOW IT here.
Rent out your Garage
A lot of people have extra space in their garage or do not use their garage at all. You can rent out your garage to those looking for vehicle storage in your area. You can make $100 to $200 per vehicle depending on where you are located and what you can store. STOW IT is a great platform to rent out your garage and provides all the necessary resources to do so. You can learn more about renting out your garage here.
Becoming a Host on STOW IT
Any business or individual with extra space can become a host on STOW IT. The company features many different types of hosts with different types of spaces including:
Commercial Storage
- Airport parking facilities
- Storage facilities
- Parking garages
- Parking lots
Individually Owned Storage
- Barns
- Garages
- Residential land
STOW IT Host Benefits
Being a host on STOW IT is super convenient because they offer the following to make renting out your space simple:
- Reservation booking
- Payment processing
- Guaranteed payments: you will always get paid on time, even if your renter is late on their payment
- Hands-on support from their experienced customer service team
How to Become a Host
Listing your space on STOW IT is very easy. Within ten minutes you can have your space listed on STOW IT and automatically marketed to the 15,000 plus individuals who visit their site each month. You control every aspect of renting your space out, how much you make, and what items you can store.
If you have extra space and you are looking to make passive income from it, you can sign up to become a host here.