The Wall Street Journal has revealed that Americans are spending $1.2 trillion on non-essential goods, Business Insider has shown that 47% of US households save nothing.
If you’re looking to stretch your budget this year, it may be worth considering the amount of money you could unlock by renting out the things you own.
The data below shows which household items are most worth listing for rental this summer for extra cash. Some of these were really surprising!
We often rent cars, houses, and other items, so why don't we rent other things we may rarely use, such as tents, wedding dresses, or sports equipment?
A 4 person tent worth $67 rents for $4 per day
A BMX bike worth $390 rents for $23 per day
3. Musical Instruments
A Yahama acoustic guitar worth $160 rents for $10 per day
4. Bluetooth Speakers
A Waterproof UE Boom 2 Bluetooth Speaker worth $95 rents for $12 per day
A Fujifilm Instax Mini 8 polaroid camera worth $78 rents for $20 per day
A GoPro Hero 5 worth $293 rents for $20 per day
An eBay for rentals?
The concept of earning extra cash from online marketplaces is nothing new.
Since 1995, eBay has helped people make money from their unwanted possessions.
However, in 2018, a new type of marketplace is now expanding rapidly across the US which lets you unlock even more cash by renting the things lying around your house.
Fat Lama is a rental and lending website that pays lenders to rent out their items. Renters can save hundreds or thousands of dollars by renting out items that they only need once or twice a year.
If you're ready to list your item or start renting from others click here and get $25 toward your first rental.
On Fat Lama, you can rent or lend items like:
- Recording Equipment
- Photography Studios
- Virtual Reality
- Vintage Cars
Lenders can earn up to $10k per month
Fat Llama is a rental marketplace which lets you rent out your unused possessions, fully insured, to other people nearby.
You really can rent almost anything, too – from high-end DJ decks to rowing boats.
Unlike the one-off income generated on eBay, a rental marketplace means lenders can make a steady income by renting out the same items again and again.
Some users are earning up to $10,000 per month.
If you're ready to list your item or start renting from others, check out Fat Lama. You even get $25 for signing up through my link here!
Lenders also have insurance built it through Fat Lama, so you have nothing to worry about when you lend out your stuff. Every item is covered under insurance up to $30,000 and they also have 24/7 customer service to help you out with anything you need.
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Have you ever rented anything? What was it?
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