How to Rent Your Closet Space for Cash
When it comes to making extra money I’m a huge fan of squeezing cash out of things you already do or already own. One of the most underutilized resources many of us have is our home.
Our house doesn’t have to just be a place we live, but it can also be a cash generator.
Of course many people will offer the advice to become a landlord and rent part of your home to a tenant.
That’s a great way to bring in extra money, but if you aren’t comfortable adding a permanent roommate, there are a few other options.
I’ve previously written about the growing trend of “Renting Your Backyard to Campers,” but other homeowners are finding it lucrative to simply rent out their closets, attics and basements as temporary storage units.
There is even a website called StoreAtMyHouse.com that helps owners and prospective renters find each other.
50 Effortless Methods to Boost Your Income This Week
If you needed extra money, like, yesterday, you’ve come to the right spot.
Our team has compiled a list of creative ways you can fatten your bank account this week.
This is a long list, so don’t get overwhelmed. Go ahead and start now, but be sure to bookmark this post so you can easily return later. We’ll keep it updated as offers changes or expire.
If you are interested in renting a closet or another part of your home, here are a few things you will need to know about the Store at My House website:
- No fee to post your space
- You set the price for your space and control the length of the rental
- Free sample contracts that you can modify for your own use
- Adding pictures can help sell your “space”
Once you find a renter be sure to establish some guidelines in your contract. How often will they be allowed access their space? What will they be allowed to store in their storage space? Will you be legally liable for their stuff?
I’m not sure if something like this would work for my already cramped apartment, but for those of you with some extra space, this might be a fun way to make some cash.
Tell me Penny Hoarders…
Would you consider renting out part of your home as a storage unit?
The 8 Best Ways to Earn a Passive Income in 2024
You’ve probably heard the term passive income. It sounds appealing right?
According to the definition of passive, it would mean you’re earning income without participating or having to do anything at all. Free money? Sign me up!
If you’re interested in establishing a flow of passive income, here’s a guide to understanding the term and getting started.
