Holicent
VIP Contributor
Renting out unused storage space in your home could be a viable option if you're looking for a way to make some extra cash. More and more people are looking for alternative storage options as a result of the rise in self-storage facilities and the rising cost of living. Because of this, there is a growing demand for low-cost storage options, and the space you don't use could be the answer.
To get you started, follow these steps:
Assess Your Space: The first step is to evaluate your available storage space. This could be a closet, a garage, a basement, or a spare room. Decide the size of the space and what kinds of things it can oblige.
Set Your Prices: The next thing you need to do is set your prices. Set your prices in line with what other storage facilities in your area are charging. You could also think about giving long-term storage rentals a discount.
Create a Listing: After determining your prices, list your storage space on Neighbor.com, StoreAtMyHouse.com, and Spacer.com. Include images of the space, where it is located, and any amenities it has.
Advertise Your Space: Let your friends and family know about your available storage space on social media sites like Facebook and Twitter. You can also advertise in community bulletin boards and local classified ads.
Set Clear Assumptions - When you have a potential leaseholder intrigued by your space, ensure you set clear assumptions. Reach an agreement on the rental period's length, the rent amount, and any usage guidelines.
Protect Yourself: Ensure that you are protected by having a written rental agreement that specifies the terms. You can likewise consider adding protection inclusion for your rental space.
Renting out your home's unoccupied storage space can be a profitable way to make extra money. You can find a renter who will appreciate your available storage space's convenience and affordability with the right preparation and advertising. Just make sure your expectations are clear, protect yourself, and take advantage of the extra money.
To get you started, follow these steps:
Assess Your Space: The first step is to evaluate your available storage space. This could be a closet, a garage, a basement, or a spare room. Decide the size of the space and what kinds of things it can oblige.
Set Your Prices: The next thing you need to do is set your prices. Set your prices in line with what other storage facilities in your area are charging. You could also think about giving long-term storage rentals a discount.
Create a Listing: After determining your prices, list your storage space on Neighbor.com, StoreAtMyHouse.com, and Spacer.com. Include images of the space, where it is located, and any amenities it has.
Advertise Your Space: Let your friends and family know about your available storage space on social media sites like Facebook and Twitter. You can also advertise in community bulletin boards and local classified ads.
Set Clear Assumptions - When you have a potential leaseholder intrigued by your space, ensure you set clear assumptions. Reach an agreement on the rental period's length, the rent amount, and any usage guidelines.
Protect Yourself: Ensure that you are protected by having a written rental agreement that specifies the terms. You can likewise consider adding protection inclusion for your rental space.
Renting out your home's unoccupied storage space can be a profitable way to make extra money. You can find a renter who will appreciate your available storage space's convenience and affordability with the right preparation and advertising. Just make sure your expectations are clear, protect yourself, and take advantage of the extra money.
