clean out your garage and earn extra income by renting it outAre you considering opening up your garage or basement to a neighbor for extra storage space? The sharing economy is booming, and peer to peer storage is another shining example of how you can make some extra income each month. Why not bring in some extra income while helping a member of your community find a place to store their camping equipment?

There are so many benefits to this shared economy model. It is worth checking out to see if you can make some extra money by simply sharing the space you already have. You never know, you might have the perfect space that someone is looking for right now.

What people want to store

you would be surprised what people want to store in your garageYou would be surprised what people want to store in your garage. Whether you have room for an old car they are fixing up, or simply a small corner space they can keep their camping gear dry over the winter. Whatever size space you have available, someone will pay you to use this valuable square footage for storage. Check out this article to see five ideas of what people want to store in your garage.

From outdoor equipment and supplies to bikes and old furniture people are trying to declutter their space without having to get rid of their belongings. Why not make a little extra income each month by providing your extra space for storage. You never know what someone wants to store; you might have just the space they need.

Benefits of shared storage

There are so many benefits that can come from sharing your extra space with a neighbor needing more storage. Here in this article, we have listed the top 5 benefits as we see them for participating in the sharing economy. Rather than building another monstrosity storage facility in your neighborhood, let’s build a network of neighbors sharing their spaces. And it helps to make a little extra money each month in the process. From flexible timelines to meeting new people, the benefits are endless

Learn from others mistakes

Making a little extra money sounds great, but just like any other business venture you still need to do your homework first. Here are some examples of mistakes other landlords have made in the past. With a little extra time and planning, you can avoid these mistakes and have a painless process of renting out your extra space around your home. Whether it is a basement attached to your personal home, or a separate garage that you hardly see, it is wise to keep an eye on the space you are renting. While you want to respect your renter’s privacy, you also need to protect your home and property; a little due diligence will go a long way to ensure a profitable and mutually beneficial relationship with your renter.

Make extra cash

So, as you can see there is money to be made in your garage. Look around your home, where can you clear out some space in your basement or attic or a separate shed on your property. There is someone in your neighborhood looking to store a few extra summer toys for the winter. Why not make a little extra cash in the process of cleaning out your garage.

If you are looking to add a little bit of extra disposable income to your budget each month, then peer to peer storage might just be the hottest new idea for you to check out. Someone in your neighborhood right now is trying to figure out how to store their favorite hobby items or outdoor equipment.

By opening up your extra storage space to them, you can keep the giant sprawling storage companies out of your neighborhood and make some extra cash while you are at it. There is a reason that storage facilities are the fastest growing segment of real estate, people want to store their prize possessions.

For you, this could mean a little extra money in your pocket. Why not give it a try today?

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