Everyone loves earning extra cash.
Launching a side project or business can be lucrative, but it can also be a lot of work.
Weve told you all abouthow to make cash on the side.
Of course, the more time and energy you have, the more money youre likely to earn.
Heres a big list of them.
If you dont have the latter, it’s possible for you to still rent out the former.
And there are other transportation-related ways to make money, too.
Cars
RelayRidesis a peer-to-peer car rental company that lets you rent out your car when youre not using it.
Youll be insured by their $1,000,000 liability policy, and you review requests to approve renters.
According to their policy, you take home 75% of your cars rental price and extra mileage charges.
To play it safe, anyone offering their car for rent may want to beef up their liability coverage.
RelayRide users, for example, have prices ranging anywhere from $15-$200 a day.
it’s possible for you to choose your schedule and your rate per day, week, or month.
Spot takes a 15% commission on whatever you earn.
Bicycles
If you have a bike, you’re free to rent that out, too.
They return the bike; you get paid.
Spinlister and Spokefly both offer protection if your bike is stolen or damaged.
Whatever rate you set, the company takes 17.5% of your earnings.
Again, how much you charge depends on your location and your ride.
Some bikes go for $20 an hour, while others go for $3 an hour.
StyleLend: They havespecific brandsthey accept.
RentezVous: Currently in beta, mostly available in London and Paris.
Borrowers are responsible for cleaning and returning them item.
If they dont, each service offers some pop in of reimbursement policy.
StyleLend says they recommend pricing your item based on 10% of its retail cost when it was purchased.
Obviously, your mileage will vary quite a bit.
Prices across all sites seem to range from roughly $25-$45 a week for different clothing items.
Real Estate
Airbnbhas become the go-to service for renting out a home or apartment.
TheHitch: Lets you rent out your property as a wedding venue.
Evenues: it’s possible for you to rent out your loft or meeting space for professional events.
Venuelust: Rent out your home or property for parties and weddings.
Glamping: you’re able to rent out your land for people to camp on.
If youre renting out your property, there are a number of factors to consider.
Most importantly, consider taxes and insurance.
Most of these services offer insurance coverage.
Most homeowners insurance policies dont cover injuries to paying guests.
But if yours does, Airbnbs insurance then becomes secondary to yours.
The point is, you should knowhow homeowners insurance works with the companys coverage policy.
Legal site Nolopoints out that the tax rules can be complex.
But if youre renting short-term, you wont have to worry about it.
In fact you dont even have to report the income to the IRS.
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Check outNolos full post for more detail on that, and Airbnbhas some helpful info, too.
How much you earn depends on where you live, what your property is like, etc.
Financial writer Paula Pant of Afford Anything reported that shenetted about $1,600 per month with her Airbnb experiment.
She said its more than she wouldve earned renting out her property traditionally.
Again, your mileage will vary.
If youve got equipment you dont use often, consider sharing it for some extra cash.
ShareGrid: Theyre currently only available in Los Angeles, but looking to expand cities soon.
Kitsplit: Theyre currently in private beta, but you’ve got the option to request an invite.
The companies also offer insurance options if your equipment is damaged or stolen.
CameraLends, for example, reports the theft to authorities and fully replace your gear.
They also pre-screen all renters to prevent theft from happening.
Everything Else
There are some peer-to-peer sharing services that are just too specific to categorize.
This can come in handy when youre traveling or just looking for a Wi-Fi connection in your neighborhood.
They say they have millions of hotspots across the globe.
Of course, with any of these sharing services, you want to know what youre getting into.
Read the fine print, know your liability, and understand the fees.
Also, some of these services could be more time consuming than others.
