{"id":508,"date":"2020-02-21T17:45:00","date_gmt":"2020-02-21T17:45:00","guid":{"rendered":"https:\/\/www.homeincomeguides.com\/?p=508"},"modified":"2021-09-06T21:00:25","modified_gmt":"2021-09-06T21:00:25","slug":"earn-by-renting-your-space-for-storage","status":"publish","type":"post","link":"https:\/\/www.homeincomeguides.com\/earn-by-renting-your-space-for-storage\/","title":{"rendered":"How to Make Money Renting Out Unused Space"},"content":{"rendered":"\n<p>Here is how you can earn from renting out your extra space for storage:<\/p>\n\n\n<div class=\"wp-block-intro\" id=\"section--How\">\n\t\t\t<div class=\"wp-block-intro__media\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-sitting-on-floor-in-empty-house-700x700.jpg\" class=\"wp-block-intro__bg-image\" alt=\"woman sitting on floor in empty house\" srcset=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-sitting-on-floor-in-empty-house-700x700.jpg 768w, https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-sitting-on-floor-in-empty-house.jpg 1500w\" sizes=\"(max-width: 769px) 768px,\n            \t\t\t\t\t1500px\" \/><\/div>\n\t\t\t<div class=\"wp-block-intro__content\">\n\t\t\t\t<div class=\"wrap\">\n\t\t\t\t\t\n\n<h2 class=\"wp-block-heading\">How to Rent Out Storage Space<\/h2>\n\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<p>To rent your spare space online, you will need to do the following:<\/p>\n\n\n<ol class=\"wp-block-number-list\">\n\t\t\t\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<p class=\"h3\">Step 1. Register your space online<\/p>\n\n\n\n<p>Measure the area, take pictures, and write a detailed description of the space on a storage app or site (several are listed below).<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<p class=\"h3\">Step 2. When someone requests more information, respond right away<\/p>\n\n\n\n<p>Most people will contact several people at once when inquiring about space. If you wait to get back to them, many will likely have already booked with other renters in the area.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<p class=\"h3\">Step 3. Show the renter the storage space<\/p>\n\n\n\n<p>Set up an appointment with your respective renter to show them the available space. People will want to have a feel for you and the storage space before they ultimately do business with you. If you are concerned about your safety on your first visit with them, invite a friend over to be with you.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<p class=\"h3\">Step 4. Confirm the reservation<\/p>\n\n\n\n<p>If you and the renter come to an agreement about the space, fees, and any rules either of you suggests, confirm the reservation and when they will move their belongings into your space. Try to be there when they arrive in case they have additional questions. You can even offer to help them move.<\/p>\n\n\n\t\t<\/li>\n\n\t\t<\/ol>\n\n<div class=\"wp-block-intro\" id=\"section--what\">\n\t\t\t<div class=\"wp-block-intro__media\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/outdoor-shed-partially-hidden-by-leaves-700x700.jpg\" class=\"wp-block-intro__bg-image\" alt=\"outdoor shed partially hidden by leaves\" srcset=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/outdoor-shed-partially-hidden-by-leaves-700x700.jpg 768w, https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/outdoor-shed-partially-hidden-by-leaves.jpg 1500w\" sizes=\"(max-width: 769px) 768px,\n            \t\t\t\t\t1500px\" \/><\/div>\n\t\t\t<div class=\"wp-block-intro__content\">\n\t\t\t\t<div class=\"wrap\">\n\t\t\t\t\t\n\n<h2 class=\"wp-block-heading\">What Types of Space Can You Rent Out?<\/h2>\n\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<p>Renting out space for storage is a good alternative for homeowners who can\u2019t (or don\u2019t want to) rent out space to visitors using Airbnb. If you have a room (or two) that you don\u2019t need, you may be able to earn a little passive income from a renter. Here are a few ideas:<\/p>\n\n\n<ul class=\"wp-block-icon-list\">\n\t\t\t\n<li class=\"wp-block-icon-list-item\">\n\t\t\t<div class=\"wp-block-icon-list-item__icon\"><i class=\"icon icon--center\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"37\" height=\"40\" viewBox=\"0 0 37 40\">\n<title>home<\/title>\n<path d=\"M31.429 22.143v10.714c0 0.781-0.647 1.429-1.429 1.429h-8.571v-8.571h-5.714v8.571h-8.571c-0.781 0-1.429-0.647-1.429-1.429v-10.714c0-0.045 0.022-0.089 0.022-0.134l12.835-10.58 12.835 10.58c0.022 0.045 0.022 0.089 0.022 0.134zM36.406 20.603l-1.384 1.652c-0.112 0.134-0.29 0.223-0.469 0.246h-0.067c-0.179 0-0.335-0.045-0.469-0.156l-15.446-12.879-15.446 12.879c-0.156 0.112-0.335 0.179-0.536 0.156-0.179-0.022-0.357-0.112-0.469-0.246l-1.384-1.652c-0.246-0.29-0.201-0.759 0.089-1.004l16.049-13.371c0.938-0.781 2.455-0.781 3.393 0l5.446 4.554v-4.353c0-0.402 0.313-0.714 0.714-0.714h4.286c0.402 0 0.714 0.313 0.714 0.714v9.107l4.888 4.062c0.29 0.246 0.335 0.714 0.089 1.004z\"><\/path>\n<\/svg>\n<\/i><\/div>\n\t\t\t\n\n<p class=\"h3\">outside Shed<\/p>\n\n\n\n<p>An outside shed (or part of a shed) that you are not using You will want to be sure there is a way to securely lock it so that you can worry less about liability.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-icon-list-item\">\n\t\t\t<div class=\"wp-block-icon-list-item__icon\"><i class=\"icon icon--center\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\">\n<title>leaf<\/title>\n<path d=\"M28.571 15.714c0-0.781-0.647-1.429-1.429-1.429-7.902 0-12.991 3.304-18.147 8.996-0.268 0.29-0.424 0.603-0.424 1.004 0 0.781 0.647 1.429 1.429 1.429 0.402 0 0.714-0.156 1.004-0.424 1.094-0.982 2.076-2.054 3.147-3.058 4.040-3.638 7.5-5.089 12.991-5.089 0.781 0 1.429-0.647 1.429-1.429zM40 11.295c0 1.429-0.156 2.879-0.446 4.308-1.429 6.942-5.893 11.451-12.098 14.531-3.013 1.518-6.384 2.411-9.777 2.411-2.143 0-4.353-0.357-6.384-1.049-1.071-0.357-3.214-1.763-4.107-1.763-1.116 0-2.455 4.554-4.397 4.554-1.406 0-1.83-0.692-2.433-1.719-0.201-0.379-0.357-0.513-0.357-0.982 0-2.321 4.42-4.129 4.42-5.424 0-0.201-0.58-1.384-0.67-1.83-0.134-0.759-0.201-1.54-0.201-2.321 0-7.098 5.647-12.165 11.987-14.263 4.576-1.518 14.308 0.246 17.411-2.701 1.228-1.138 1.83-2.188 3.705-2.188 2.522 0 3.348 6.54 3.348 8.438z\"><\/path>\n<\/svg>\n<\/i><\/div>\n\t\t\t\n\n<p class=\"h3\">Greenhouse<\/p>\n\n\n\n<p>A greenhouse, pool house, or she-shed can work perfectly for some people looking to store their belongings.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-icon-list-item\">\n\t\t\t<div class=\"wp-block-icon-list-item__icon\"><i class=\"icon icon--center\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"40\" viewBox=\"0 0 46 40\">\n<title>automobile<\/title>\n<path d=\"M10.714 24.286c0-1.964-1.607-3.571-3.571-3.571s-3.571 1.607-3.571 3.571 1.607 3.571 3.571 3.571 3.571-1.607 3.571-3.571zM11.518 17.143h22.679l-1.987-7.969c-0.067-0.246-0.513-0.603-0.781-0.603h-17.143c-0.268 0-0.714 0.357-0.781 0.603zM42.143 24.286c0-1.964-1.607-3.571-3.571-3.571s-3.571 1.607-3.571 3.571 1.607 3.571 3.571 3.571 3.571-1.607 3.571-3.571zM45.714 22.143v8.571c0 0.402-0.313 0.714-0.714 0.714h-2.143v2.857c0 2.366-1.92 4.286-4.286 4.286s-4.286-1.92-4.286-4.286v-2.857h-22.857v2.857c0 2.366-1.92 4.286-4.286 4.286s-4.286-1.92-4.286-4.286v-2.857h-2.143c-0.402 0-0.714-0.313-0.714-0.714v-8.571c0-2.768 2.232-5 5-5h0.625l2.344-9.353c0.692-2.813 3.415-4.933 6.317-4.933h17.143c2.902 0 5.625 2.121 6.317 4.933l2.344 9.353h0.625c2.768 0 5 2.232 5 5z\"><\/path>\n<\/svg>\n<\/i><\/div>\n\t\t\t\n\n<p class=\"h3\">Garage<\/p>\n\n\n\n<p>Part of your garage, a detached garage, a barn, or other structures on your property may serve well as a rental space.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-icon-list-item\">\n\t\t\t<div class=\"wp-block-icon-list-item__icon\"><i class=\"icon icon--center\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"37\" height=\"40\" viewBox=\"0 0 37 40\">\n<title>bug<\/title>\n<path d=\"M36.429 21.429c0 0.781-0.647 1.429-1.429 1.429h-5c0 2.79-0.603 4.888-1.496 6.473l4.643 4.665c0.558 0.558 0.558 1.451 0 2.009-0.268 0.29-0.647 0.424-1.004 0.424s-0.737-0.134-1.004-0.424l-4.42-4.397s-2.924 2.679-6.719 2.679v-20h-2.857v20c-4.040 0-6.987-2.946-6.987-2.946l-4.085 4.621c-0.29 0.313-0.67 0.469-1.071 0.469-0.335 0-0.67-0.112-0.96-0.357-0.58-0.536-0.625-1.429-0.112-2.031l4.509-5.067c-0.781-1.54-1.295-3.527-1.295-6.116h-5c-0.781 0-1.429-0.647-1.429-1.429s0.647-1.429 1.429-1.429h5v-6.563l-3.862-3.862c-0.558-0.558-0.558-1.451 0-2.009s1.451-0.558 2.009 0l3.862 3.862h18.839l3.862-3.862c0.558-0.558 1.451-0.558 2.009 0s0.558 1.451 0 2.009l-3.862 3.862v6.563h5c0.781 0 1.429 0.647 1.429 1.429zM25.714 8.571h-14.286c0-3.951 3.192-7.143 7.143-7.143s7.143 3.192 7.143 7.143z\"><\/path>\n<\/svg>\n<\/i><\/div>\n\t\t\t\n\n<p class=\"h3\">Backyard<\/p>\n\n\n\n<p>Part of your backyard or driveway may be perfect for someone trying to store their RV.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n\t\t<\/ul>\n\n<div class=\"wp-block-intro\" id=\"section--advertise\">\n\t\t\t<div class=\"wp-block-intro__media\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-on-laptop-with-orange-harddrive-700x700.jpg\" class=\"wp-block-intro__bg-image\" alt=\"woman on laptop with orange harddrive\" srcset=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-on-laptop-with-orange-harddrive-700x700.jpg 768w, https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/woman-on-laptop-with-orange-harddrive-1860x1200.jpg 1500w\" sizes=\"(max-width: 769px) 768px,\n            \t\t\t\t\t1500px\" \/><\/div>\n\t\t\t<div class=\"wp-block-intro__content\">\n\t\t\t\t<div class=\"wrap\">\n\t\t\t\t\t\n\n<h2 class=\"wp-block-heading\">Where Can You Advertise Your Extra Space<\/h2>\n\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<p>There are a few sites or apps where you can showcase your extra space:<\/p>\n\n\n<ol class=\"wp-block-number-list\">\n\t\t\t\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<h3 class=\"wp-block-heading\">1. Store at My House App<\/h3>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/www.storeatmyhouse.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Store at My House<\/a>&nbsp;App is known as the \u201cAirbnb\u201d of self-storage. With this app, you can make money off of your unused space. With this premier marketplace, renters can often save up to 50% of what they would pay at a traditional storage facility.&nbsp;<\/p>\n\n\n\n<p>With Store at My House, both parties will work together on the rules of the agreement so that both are comfortable. Everyone is different and will have different levels of comfort surrounding who they rent to or from.<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<h3 class=\"wp-block-heading\">2. Djeepo<\/h3>\n\n\n\n<p>Like other online storage agencies,&nbsp;<a href=\"https:\/\/www.djeepo.com\/?l=en\" target=\"_blank\" rel=\"noreferrer noopener\">Djeepo<\/a>&nbsp;takes security and c safety very seriously. In order to sign up for their platform, you must provide a valid driver\u2019s license and phone number. The platform also frequently visits storage places to ensure quality.<\/p>\n\n\n\n<p>Both the space owner and the renter will be able to leave a rating on the other to let others know what it was like to do business with each other. This ensures that everyone will have a good experience.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<h3 class=\"wp-block-heading\">3. Neighbor<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.neighbor.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Neighbor<\/a>\u2019s mission is to match people\u2019s belongings with people who have extra space around their home. People can list the amount of space they have available and the price they want for that space on a monthly basis. You can list your space for free.&nbsp;<\/p>\n\n\n\n<p>The platform even has a calculator to help you determine how much you could make on a yearly basis if you cleaned out space in your home to let people store stuff.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n<li class=\"wp-block-number-list-item\">\n\t\t\t\n\n<h3 class=\"wp-block-heading\">4. Stashii<\/h3>\n\n\n\n<p>If you live in Canada,&nbsp;<a href=\"https:\/\/stashii.com\/en\" target=\"_blank\" rel=\"noreferrer noopener\">Stashii<\/a>&nbsp;is a good place to list your spare storage space. The company currently serves Calgary, Vancouver, Edmonton, Toronto, and Montreal.&nbsp;<\/p>\n\n\n\n<p>You can post details and information about your space and even upload pictures to help potential renters determine if your room will meet their needs.&nbsp;<\/p>\n\n\n\n<p>The company does offer a $50,000 insurance policy to renters, but not to homeowners. They do help manage resolutions between you and the person storing their items if there is any dispute.&nbsp;<\/p>\n\n\n\t\t<\/li>\n\n\t\t<\/ol>\n\n<div class=\"wp-block-intro\" id=\"section--renting\">\n\t\t\t<div class=\"wp-block-intro__media\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/apartment-space-with-blue-couch-white-chair-and-tv-700x700.jpg\" class=\"wp-block-intro__bg-image\" alt=\"apartment space with blue couch, white chair and tv\" srcset=\"https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/apartment-space-with-blue-couch-white-chair-and-tv-700x700.jpg 768w, https:\/\/www.homeincomeguides.com\/wp-content\/uploads\/2021\/06\/apartment-space-with-blue-couch-white-chair-and-tv.jpg 1500w\" sizes=\"(max-width: 769px) 768px,\n            \t\t\t\t\t1500px\" \/><\/div>\n\t\t\t<div class=\"wp-block-intro__content\">\n\t\t\t\t<div class=\"wrap\">\n\t\t\t\t\t\n\n<h2 class=\"wp-block-heading\">Renting Out Storage if You Are Renting Your Home<\/h2>\n\n\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<p>Bear in mind that if you are renting your apartment or home, you may not be able to rent out extra space without previously speaking with your landlord. Many rental agreements include a clause that doesn\u2019t let you sublet to other people. Make sure to look over your paperwork and speak to the true owner before listing your space.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Often Do Storage Renters \u201cVisit\u201d Their Stuff?<\/h3>\n\n\n\n<p>Most storage renters will only visit their items 4-6 times per year (every 2-3 months), though some will visit more often and others will visit less. If you are concerned about how often someone will be visiting your space, talk to prospective renters about what their plans will be. Most will be willing to give you a heads up before they arrive or will agree to certain \u201chours of operation.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Don\u2019t Rent to Someone Who Makes You Feel Uncomfortable<\/h3>\n\n\n\n<p>Trust your gut. If someone makes you feel uncomfortable, walk away from the deal and explain your reasoning to the listing site. It is always better to be safe than to put yourself into a position where you feel compromised.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have unused space that is safe and secure, you can rent it out for passive income that can help cover extra bills or pay for luxury. You can also use the money to help pay your rent or mortgage without having to live with a full-time roommate. <\/p>\n","protected":false},"author":3,"featured_media":509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[19],"tags":[],"income_potential":[],"personal_growth":[],"time_investment":[],"market_size":[],"personality":[],"skills":[],"_links":{"self":[{"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/posts\/508"}],"collection":[{"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/comments?post=508"}],"version-history":[{"count":0,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/posts\/508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/media\/509"}],"wp:attachment":[{"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/media?parent=508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/categories?post=508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/tags?post=508"},{"taxonomy":"income_potential","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/income_potential?post=508"},{"taxonomy":"personal_growth","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/personal_growth?post=508"},{"taxonomy":"time_investment","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/time_investment?post=508"},{"taxonomy":"market_size","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/market_size?post=508"},{"taxonomy":"personality","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/personality?post=508"},{"taxonomy":"skills","embeddable":true,"href":"https:\/\/www.homeincomeguides.com\/wp-json\/wp\/v2\/skills?post=508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}