How to Make Side Money Fast with Extra Space in Your House
If you're lucky enough to own a home with extra space that you're not using, there are creative options to earn scratch on the side by turning that unused space into a solution for others eager to pay for the use of your property.
In this article, you will find helpful tips for learning how to make side money fast from your property investment.
Evaluate Your Space to Discover How to Make Extra Money Fast
Before making any decisions about a creative way to earn income on the side, start your side hustle, and earn money online from extra space on your property, there are some legal and monetary logistics to consider.
- Additional investment
- HOA rules
- Homeowner's insurance
- Local licenses (depending on how you will use your extra space to make money, there may be additional money that you will need to invest in improvements to make that space useful for others)
Consider your budget and opt for opportunities that will give you the most ROI or do not require improvements at all to work for both you and potential renters and event hosts.
If your property is located in a community that has a Home Owner's Association (HOA), it's very important that you review your covenants for any restrictions on renting or operating a business out of your home.
Your side hustles to make money fast, will also come with some liability to the property of renters. How will you cover damages to the property of your renter should a natural disaster or break-in occur? Have a conversation with your property insurance agent and make any adjustments to your policy to cover losses for renters and event hosts.
Your location will also factor into whether or not you will need special licensing through your state, county, or municipal government. In many areas, renting out portions of your property require small business licenses and possible inspections.
With all that said, let's get to the fun part of looking at extra space you may have that could be a gold mine for reducing your own cost of living and helping out others!
When looking for easy ways to get paid on the side using your property, storage rental offers a low-cost opportunity. If your basement is empty and unfinished, you can make easy money by offering it as a storage unit.
Tap into the needs of fitness enthusiasts that may be relocating and need a place to house large equipment that they can also use for workouts. A basement can be optimal because of the cooling temperatures and private access.
Many freelancers and remote work teams are looking for cheap office space. If your basement includes wifi access and restroom facilities, advertise your space as office-friendly.
Lastly, basement apartments are great for attracting home renters. A basement often offers a private entrance. Consider what you are able to invest in improving the basement apartment for a kitchen, bathroom, and laundry access.
The uppermost area of your home can be a great source of income; however, understand that advertising for a loft rental can mean different things to people depending on where they have lived previously.
A loft can mean an open area that still has access to the main home or a spacious area with an open room concept and private access.
The main attraction for loft rental can be high ceilings that appeal to artists who are looking for space in which large canvases can be painted and stored. If you have the advantage of great natural light and privacy, listing your loft as a serene space for artists may bring you the ideal renter if you too enjoy your privacy and quiet.
An attic area is typically the highest level of a home that is often unfinished and suitable for storage. It usually has a door that can be locked within the home. Collectors looking for a safe location for their treasures may be willing to consider storage in your attic space if safeguards are addressed in your proposal.
A caveat: Always make it clear to storage renters that you will conduct a walkthrough of inventory with the renter. This protects the renter in having a printed sheet of items stored and protects you from possible storage of items that may be illegal.
Extra bedrooms in your home can serve as both long-term or short-term rentals.
Many professions require short travel jaunts in which a private room is more attractive than stays in motels. Listing your spare rooms for traveling professionals is easy and the least costly as far as an investment on your part.
You may also consider the B&B option if you are a social person that also has a talent for cooking. Keep this option in mind if you have a home that has a particular style or fabulous grounds and view.
Oh, to have a garage! Cha-Ching!
If your home is in a city where parking is a premium, congratulations! You have entered the dreamland of long-term side hustles to get paid. As long as you can offer secure storage, your garage can be listed for parking space immediately.
Another very profitable alternative for your garage space is to list it as a rental for car mechanics that are also looking for a side hustle for making money. If you have storage space within the garage for tools that's another side hustle, all the better!
Aside from car stuff, a garage is a very attractive rental for yard sellers and crafters. Think about it. A garage is covered and typically cooler so that shoppers can take their time without feeling the need to leave because of the hot sun. You can make quick cash and get paid by using a yard sales side hustle and letting people use your space. Why donate plasma when you could earn fast cash without doing much of anything.
If you have enough parking near your garage, there are the possibilities of business rentals. Beauty parlors, clothing stores, equipment rentals, and even daycare centers are often willing to invest in improvements that make your ideal location worth entering a contract for long-term rental.
Do you have space above the garage? If your garage has a side entrance, you can also use this space for home rental or as a storage unit.
Let's not forget about the good ole' garage band. Musicians are always on the lookout for practice space in which they can also store their equipment. If your garage is detached and you don't mind spending a few dollars in soundproofing, you could end up with a cash-making deal that also affords some entertainment.
Think about turning part of your garage into a kennel for pet sitting services, or using it as an office and become a virtual assistant, write a blog, or become a survey junkie. People are willing to pay people around the world for focus groups and surveys and while you won't get rich quick it is a good way to make money online and put cash in your pocket.
Many people have additional storage spaces, aside from a garage, which are called outbuildings. This type of storage structure could come in the form of a shed, barn, or commercial structures.
If the only thing you're storing in your shed is a small lawnmower, you may want to relocate it under a deck wrapped in a tarp and take advantage of the usable space in the shed. Early spring months are ideal for short-term rentals to gardeners looking for an ideal space to start seedlings and store pots or bins for a transition to their personal gardens.
You bought this great house but have no use for a barn?
Look beyond livestock and greet the rustic charm of a barn. A well-maintained barn can be an event planner's dream. Think weddings, concerts, dances, auctions, flea markets, private parties, and even as a showroom for vehicles or farm equipment.
Let's continue the focus on a barn for a moment. You may not be a farmer or cattle rustler, but many people in your area may be looking for additional space. Advertise your barn for local stable usage or storage for farm equipment.
Lastly, if you happen to be an animal lover, a barn is ideal for setting up a kennel for people to house their animals while away on vacation. You don't have to limit this space to just dogs, but keep in mind that kenneling also requires care of the animals. Keep this possibility limited to those animals you feel competent in caring for and engaging with.
Your Land is Valuable
Whether you have a large property of land or a small city plot, the grounds of your home can offer easy fast cash on the side.
If you're looking for a serious strategy to make side money fast and get paid from your property, event hosting may be your answer.
Do you have a picturesque setting or open land that gives event hosts a blank canvas? Think weddings, birthday parties, promotional advertiser spots, photoshoots, music videos, or even movie production.
Large plots of land lend themselves to easy strategy to make money on the side if you are willing to designate them for agricultural use.
Think "pick your own" plots in which you rent out the land to growers in the area looking for extra space. Your knowledge and investment are minimal when renting to experienced planters who are looking for reasonable leasing opportunities.
When thinking of agriculture, also consider the possibility of renting out land to growers who would like to use your space for greenhouses. If your parcel of land is relatively flat and free of trees, you will have zero investment in making improvements.
Are you open to having large equipment placed on your unused land?
Commercial trucking companies and car dealerships with excess inventory are often looking for cheaper rental options. If you are able to offer security monitoring and a gated area, large equipment storage can be a fast way to make money off your large lots.
Is your home located in a historical community that fosters tourism?
Your home doesn't need to be recorded on the historical register to be of interest to history buffs. Your property may not have been the site of a great battle or part of a legendary story, but well-preserved grounds and homes of a particular era have a fan base.
Consider giving home tours that focus on the architecture and surrounding landscape of your home.
Look into geocaching in which you come to an agreement with searchers about the commission you expect to receive on their finds. If you are an enthusiast, you may also want to expand this idea into investing in your own metal detectors that can be rented.
Continue to look beyond the home itself when considering a strategy to make money on the side from your historical property.
Blessed with some very old trees and rare flowers of a particular time period? Local garden clubs may be interested in leasing your property for fundraisers and regular meetings.
How do you feel about camping?
Private camping sites with reasonable rates and a safe environment are in demand for those looking for long-term and vacation rentals. If you want to keep it very simple with little investment on your part, limit camping to tents only. This way, you do not need to look into installing septic systems or utilities such as water and electricity.
Want to invest some money in septic systems and water sources to operate your own RV park?
If you have a large plot of land and some business operating interest, you could advertise for RV rental sites or save some investment and only offer RV storage. Be mindful that most RV storage sites offer gated security.
Find Additional Resources to Learn to Make Money Fast
This guide offered strategy and tactics on ways to earn money on the side from your home.
Remember to consider whether or not you will be able to invest capital in making additional improvements, call your homeowner's insurance company, and always check with your HOA and local regulations for any necessary licensing.
Take full advantage of the resources that are available to learn the best ways to make money fast on the side from your own home. You could be sitting on thousands of dollars of untapped income each month!
How to Make Quick Cash Using Your Garage and Storage Shed
Did you know that roughly 57 million people run a side business that isn't the primary source of income? One survey found that, no matter how old the business owner was, nearly two-thirds said they started the business for financial reasons and not out of a passion.
There are a lot of reasons why you might want to make extra money. But do you really want to be using your precious free time to drive for a ride-share company or doing some other kind of gig economy work?
What if you could make side money on the side using space you already have, namely your garage or storage shed?
Let's take a look at some of the best ways to make money on the side with the extra space you have on your property.
Rent Out Your Garage as a Parking Space
If you aren't currently using your garage to store your own car, you can make money on the side by renting it out to someone else. Someone who commutes to your area might want to rent your garage as a long-term parking space. You also might consider renting it out as a short-term rental, which could be lucrative if you live near an event venue, a sports stadium, or a city center.
Whether or not this is one of the best ways to make money on the side with your garage will depend on your location. Someone might also be interested in renting the space for long-term vehicle storage if they are traveling abroad or otherwise need to put their car away for a while.
Rent Out Your Garage or Shed as a Storage Space
One of the easy ways to make money on the side with your garage or storage shed is to rent the space out for storage. You can increase your cash flow by allowing others to store their belongings in your extra space.
Sites like stache.com make the process simple and easy. You simply list your space (which is free), set your price, keep an eye on requests you receive, and then sit back and relax while you are in extra money.
Turn It Into a Workshop For Yourself or Others
Another way you can make money on the side is by turning your garage or storage shed into a workshop. This could either be a place where you make items that you sell online or at local shops or you could rent out the space to a local tradesperson, artist, or repairman.
Use It as a Craft Studio
Have you always considered trying to earn some extra income by selling the crafts that you make? One of the issues that come up with this idea is the fact that you really need space to keep your materials organized and practice your craft. Additionally, no matter the craft, you run into a problem where you simply don't need any more sweaters, pieces of pottery, or beaded necklaces for yourself or for gifts.
What's the solution? Starting to sell the products of your hard work and making some extra cash! Use a rewards program with your local crafts store to get deals on tools and materials. In your spare time make cute things and sell them on a website or social. List your products online and get paid for your spare time hobby.
Whether you make jewelry, knit sweaters, or produce any other kind of handmade object, turning your garage into a craft studio can help you make extra money on the side. You might consider selling your products online by having a website are using existing sites like Etsy. You could also attend local craft shows and farmers' markets to hawk your wares. You can get paid via PayPal or direct to your bank account.
There are countless different types of crafts that you could make in your garage and sell for extra money. Perhaps you want to start designing t-shirts from your garage, making candles, or soap. Your strategy could be to sell your paintings and also offer custom framing services.
You can even list your art on a website that turns your artwork into products for you. This strategy lets you focus on creating and not on inventory and management. You create the art, list it on the website, and the money from orders goes directly into your bank account.
The sky is legitimately the limit when it comes to using your garage space to produce objects of value for customers.
You'll want to come up with a business plan before you embark on this endeavor, though. You'll want to treat it like a real business, which means you should do market research, identify your target demographic, and determine where your startup capital will come from.
Do your research when it comes to your potential platforms where you plan on selling your wares. Sites like Etsy might get a lot of traffic but are also incredibly saturated with countless sellers. You might consider starting your own e-store and marketing the site yourself to help you stand out from the crowd.
Convert It Into a Living Space to Rent Out
If you are wondering how to make money on the side with your garage and you have some money to invest in the project, you might consider converting it into a living space.
One of the first things you'll want to do if you are considering this option is to check into the laws and regulations in your area. These will include city zoning laws, building codes, and homeowners association agreements.
You'll also want to be mindful of the fact that turning your garage into a living space might decrease your property value. Many homebuyers are looking for homes that have a garage, so completely converting the space could leave you with a lower sales price when it comes time to sell. It is up to you whether the investment costs and rental income will end up being worth a potential drop in property value.
Rent Out Your Tools
If you have tools in your garage that you don't use frequently, you might consider renting them out. There are some websites and apps that help facilitate tool rental in a peer-to-peer way. Or, you could make it into a more legitimate business, though you will want to make sure you look into zoning regulations and other legal considerations.
Use Your Garage as an Office
If you own a small business or are a tradesperson, you might be able to save money by using your garage as an office rather than renting commercial space. This has the added benefit of being close to home so it can reduce your commute time and other annoyances that come with renting other space.
This money-making tip is more about saving money than making money, but hey, there's nothing wrong with that!
Have a Garage Sale
While this isn't a long-term cash flow solution, having a garage sale is a quick way to make some cash. If you have been courting way too much stuff over the years, you can liquidate the value of the subjects by having a garage sale.
You'll want to market the garage sale online and put up signs around your community. Hopefully, you can choose a nice warm day on the weekend so that you will get as much traffic as possible. Make sure you have plenty of small bills and change so that you can make change for people purchasing your items.
Use It as a Warehouse
One way that people make side money is by reselling items on websites like eBay. If you have an eye for valuables, you might consider heading to the thrift stores and garage sales to find diamonds in the rough. You can then use your garage or storage shed as a warehouse for your side business.
Rent It Out as an Artistic Retreat
Is your property located in a beautiful and quaint location? Is your storage shed more of a rustic cabin than a mass-produced Home Depot shed?
If you answered yes, you might consider renting out the space as an artist retreat. You'll want to turn your shed into an appropriate studio so that artists and writers will find it appealing. You can decide which artistic discipline would be best for the space and market the opportunity in the appropriate places.
This will only work if the surroundings of your shed are pleasant and natural. You might consider installing little nooks, doing some landscaping, putting in gazebos and chairs around the property, and even creating outdoor workspaces.
In order to advertise your retreat, you'll want to contact all of the local arts organizations. You can also send a press release to your local paper. There are also websites online where you can list your retreat and artists can search for the locations and features they're looking for.
Rent It as a Pop Up Venue
The world of pop-up shops has become increasingly popular in the last several years. Pop up shops are a great way for new businesses to gauge whether or not a brick-and-mortar store would be lucrative or to simply drum up some more chatter about their brand.
Whether or not entrepreneurs and businesses might be interested in using your garage will depend on your location. It's possible that a variety of businesses, such as vintage clothing shops or art exhibitions might be interested in using your space for a fee.
Turn It Into a Photography Studio
If you have a knack for photography, perhaps you are considering using your skills to make some extra money on the side. Rather than renting a photography studio, you might consider turning your garage or shed into your studio. Not only will you have a place to store props and meet with clients, but you also have total control over the back shops and the lighting.
Start a Business
There are countless small business ideas that can be centered around your garage. Depending on what your interests are and how much time you want to put into your side hustle, some of these ideas might be more appealing to you than others.
For people or are technically or mechanically minded, there are a number of things you can do. You might consider running an auto repair shop, a bicycle repair shop, or a computer repair shop. You could even do tech refurbishing or smartphone repair.
If you're an animal lover, you could use your garage to start a pet grooming business or a dog training business.
Do you have a skill that other people want to learn? You might consider hosting classes in your garage for a variety of things, whether you're a knitter, a fermenter, a woodcarver, or pretty much just about anything. You also could become a dance instructor, music teacher, yoga instructor, personal trainer, or more.
There are a number of online businesses you could also start from your garage. Start a blog, become a social media manager, become a freelance writer, create an online course, start earning passive income with affiliate marketing and affiliate links, or starting an online store. You could also look into becoming a graphic designer, web designer, or start a digital marketing company.
Most of these things are easy enough to learn if you watch videos online, read blog posts on ways to make extra money (like this one) and get creative with the ways you could earn quick cash and find a way to get started.
If you're particularly educated in certain topics, you could also use your garage as a space to tutor students. This way you can have a distraction-free area for you and the student to focus on what is most important.
There are literally endless business ideas that you could start and run right out of your garage. No matter what your hobbies or interests are, you can find a way to make side money by using your garage as the center of your operations.
Make Fast Cash By Renting Your Garage For Storage: The Easiest and Most Hassle-Free Way to Earn Some Extra Cash!
The average host using stache.com makes an extra $4000-$6000 every year just by letting others use their garage as storage space. The quick and easy process is beginner friendly and requires hardly anything from you, so it's definitely one of the best ways to score extra cash and get paid on the side if you aren't looking to actually start a business.
Do you want to make side money by renting out your garage or storage shed? If so, you can sign up today!
How to Make Side Money Fast with Things You Already Have
Money is the one thing we never seem to have enough of, especially when we're struggling to make ends meet. But don't feel bad, you're hardly alone. Roughly 63% of Americans are living paycheck to paycheck.
However, just because this is common, it doesn't mean you must resign yourself to your situation. Whether you want to save money for travel, pay off debt, or just live more comfortably, we can help.
Keep reading for a full guide on how to make money on the side using the things you already own.
Rent Out a Spare Room
Most people in America like to live big. We buy big houses that typically come with spare rooms, such as bedrooms, office spaces, dens, etc. If you generally don't use that room for anything, consider renting it out to make side money.
If you don't mind the idea of bringing in a roommate, rent out a bedroom and charge the renter a few hundred dollars a month to live with you. If it's an apartment, split the rent evenly.
Alternatively, if you have an office space, there are plenty of people who have been forced to work remotely that don't have the proper setup. Rent your space out to them for a few hundred dollars a month.
Rent Out Your Car
One of the best ways to make money on the side is by renting out your car. Sure, you could drive for Uber or Lyft or DoorDash, but that would also require putting in more work hours.
Instead, consider renting your car out on the weekends to people who don't have a vehicle. If you have a spare car, you could rent it out full-time for a few hundred dollars a month, depending on the quality of the car and what you think you can get for it.
Just make sure your insurance covers other drivers and you get adequate information from the renters before handing over the keys. Get a copy of their driver's license, a list of references, and the money upfront. Additionally, create an official contract for both parties to sign that dictates the terms of usage.
Donate Blood Plasma
You can also learn how to make money on the side by donating blood plasma. The donation process takes about 45 minutes and you can donate two times in a seven-day period.
This is one of the best tips if you want to learn how to make side money fast. In fact, new donors can earn up to $600 with eight donations through Biolife.
Rent Out Your Garage for Storage and Parking
One thing most people never have enough of (besides money) is storage space. When people shop for new houses, some of their top priorities are large closets, attic space, and a large garage. If you have unused space in your garage, consider renting it out to someone who wants to store their belongings.
Work with us to make it official and legal. We will even advertise your space for free. You can rent out your garage for storage space or for parking.
Rental parking is ideal for people who:
- Are going away for a while and want their vehicle protected (vacations, military service, etc.)
- Have a boat or other recreation vehicle they need to store
- Have a nice vehicle but no garage to keep it out of the elements
If this sounds like a good idea, it might be the excuse you need to declutter and clear out space in your garage. Not to mention, you make a considerable amount of money selling your stuff online, adding to your revenue.
Become a Tutor
If you have a natural talent for things like math, chemistry, or any other school subject people find difficult, use this skill to your advantage. Learn how to make money on the side by tutoring people based on your knowledge.
Most parents don't have the time or the ability to help their kids with their more difficult subjects. Take time to tutor children who are having trouble adapting to at-home schooling due to the pandemic.
Do Things for People on Your Day Off
If you have time on your hands during your off days, consider doing things for other people to learn how to make extra money on the side. Your options are nearly endless. It just depends on what you're willing to do.
Here are some suggestions on how you can help friends, family members, neighbors, and co-workers:
- Running errands (grocery shopping, taking a pet to the vet, etc.)
- Doing yardwork
- Dogsitting/dog walking
- House cleaning
- And more
There are probably tons of elderly people in your community who are willing to pay someone they can trust to take care of things for them around, drive them to appointments, pick up their groceries, etc. Similarly, there are tons of busy parents who just want an evening alone to relax.
Use Your Car as a Mobile Billboard
Finally, you can learn how to make more money on the side by using your car to advertise for small businesses. Offer your car up as a mobile billboard.
The business owner can pay you to place bumper stickers, magnets, and other advertising materials on your car. If you're willing, you can make a decent amount of money by allowing to have your car wrapped with their business logo and advertising content.
If you go this route, make sure you know what's expected of you and get your agreement in writing. They should also pay to have your car unwrapped after the term of service is up.
Sell Your Photos to Make Money Online
There are plenty of sites where you can post high quality versions of your photographs and sell them as stock. Get paid in passive income by posting them on a website and get the cash fast. It's a great side job.
You can also sell your stuff on social media and Amazon.
Want to Learn More About How to Make Money on the Side?
As you can see, there are countless ways you can learn how to make money on the side using the things you already own. You just need to be creative and willing to make sacrifices. Additionally, make sure you work with the right people to protect your interests.
Contact us today to learn about hosting space for storage and parking. You can decide how much you want to charge for your space, as well as how renters gain access to it. Furthermore, we provide $50,000 in liability insurance in case anything happens to your renter's possessions while in your care.