Whether you have an extra room in your house, a vacant parking spot, or even some storage space, there are opportunities to earn between $100 and $400 per month by renting it out. List only a portion of your space or entire rooms on Neighbor. Whatever space you have, we can help you rent it out.
Make Money Renting Your Space
If you have unused space, there are several ways to monetize it and earn extra income, ranging from $100 to $400 per month or more, depending on the type of space and your location. Here are some ideas:
- Rent Out a Room on Airbnb: If you have a spare bedroom, you can list it on Airbnb and earn money by hosting travelers. The amount you can earn depends on factors like location, amenities, and demand.
- Garage or Storage Space: Rent out your garage or extra storage space to people looking for a place to store their belongings, such as furniture, seasonal items, or vehicles.
- Parking Space: If you have an extra parking spot in a high-demand area, consider renting it out to commuters or event-goers. Apps like SpotHero or JustPark can help you find renters.
- Office Space: If you have a home office or unused office space, you can rent it out to freelancers, remote workers, or small businesses in need of a workspace.
- Backyard or Garden: If you have a spacious backyard, you can rent it out for events like weddings, parties, or even as a gardening space for urban gardeners.
- Storage for RVs/Boats: If you live near a popular recreational area or waterfront, consider renting space for RVs or boats when they’re not in use.
- Basement or Attic: Convert your basement or attic into a livable space, like a studio apartment, and rent it out to tenants or as an Airbnb.
- Laundry Facilities: If you have a washer and dryer in your home, you can offer laundry services to people in your neighborhood for a fee.
- Pet Boarding: If you’re a pet lover and have the space, you can offer pet boarding services to pet owners in your area.
- Storage for Bikes: If you live in a bike-friendly area, you can rent out space for people to store their bicycles securely.
- Tool Rental: If you have a collection of tools or equipment, you can rent them out to neighbors or through online platforms like Fat Llama.
- Art or Hobby Workshop: If you have a well-equipped workshop for hobbies like woodworking, pottery, or painting, consider renting it to artists or hobbyists.
- Event Venue: If you have a spacious living room or backyard, you can rent it out for small events, workshops, or yoga classes.
- Car Storage or Caravan Parking: Rent space for people looking to store their vehicles or caravans when not in use.
- Co-working Space: Transform a part of your home into a co-working space, complete with desks, chairs, and Wi-Fi, for remote workers or entrepreneurs.
Before renting out your space, be sure to check local regulations, obtain any necessary permits, and consider liability issues. Also, thoroughly vet potential renters and create clear rental agreements to protect both parties. With proper planning and marketing, you can turn your unused space into a steady source of extra income.