Do you want to earn passive income? Look around your house, garage, and yard. An income stream could be waiting for you. You can rent items like storage, parking, or even your pool.
There are many platforms and apps that allow you to rent out your possessions. Some of them even offer limited liability insurance to cover your endeavors. But what can you rent, and how much money will it generate?
Share Your Unused Car
If you’re retired or working remotely, you may not need to use your car every day. Maybe you inherited your mother’s car, and it’s going unused. Regardless, you can put that car to work earning money.
Turo is a platform that helps car owners rent their cars to other people. It’s called car sharing, and Turo states that the average annual income from renting one car is $10,868.
Here’s how it works. You start by opening an account and listing your car. You set the price you want per day and the time when the vehicle will be available.
You can either meet the guests and give them the keys or use a lockbox. Turo also offers remote check-in using the Turo app. Turo vets guests. collects the money from the guest, and pays you.
Turo provides up to $750,000 in third-party liability insurance through The Travelers Insurance. It also offers plans that are developed to meet your needs.
Rent Your Swimming Pool
When children are grown and leave the nest, sometimes the pool is somewhat abandoned. You can put your unused pool to work for you by renting it by the hour.
Swimply is a platform that lets you rent your pool. You simply upload photos of your pool, set your rate, and establish your house rules.
All booking requests are approved at your discretion. You’ll receive payment from Swimply within 24 hours after a completed reservation minus a service fee.
Swimply offers up to $1 million for liability claims and $10,000 of property protection per occurrence.
But it would be prudent to ensure you don’t have any gaps in your coverage. Check with your insurance agent for any additional coverages.
Besides your swimming pool, Swimply will facilitate you renting, for example, your pickle-ball court, tennis court, or even your home.
Simply states you can earn up to $5,000 monthly through renting your pool.
Turn Your Yard Into a Dog Park
If you have a large fenced-in yard that’s not being used, it could be turned into a private dog park. SniffSpot lets you rent your yard by the hour to dog owners.
Sniffspot provides a $1 million host-protection insurance with $5,000 of damage protection. They also require all dogs to be vaccinated.
Guests are required to clean up after their pets. SniffSpot provides customer support.
Some hosts make up to $3,000 monthly, according to SniffSpot. They pay via direct deposit once a month.
Rent Someone Your Parking Spot
Do you live in an area where parking is a premium? Or maybe you live near a large entertainment venue. You can rent your unoccupied parking spot. This is passive income at its finest. You do absolutely nothing and generate income.
SpotHero lets you put your parking spot up for rent. Fill out the form. They’ll evaluate it to see if it’s a good fit. If it is, SpotHero will add it to its platform.
You’ll receive a monthly direct deposit into your account for all completed reservations. SpotHero will help you determine the optimal rate to maximize your revenue.
Earn Money by Renting Baby Gear
Traveling families can’t always take their baby equipment with them. But they need it when they reach their destination.
If you live in a tourist area and have unused baby gear, you could make some money. BabyQuip facilitates in renting and delivering of equipment to parents in need.
Apply online, and once you’re accepted, they’ll schedule an interview and answer your questions. If you’re a good match, BabyQuip will start the onboarding process. They’ll train you so you’ll learn everything you need to start a baby gear rental business.
BabyQuip provides up to $1 million of general liability insurance. You are paid upfront before you deliver an order. It takes about two days for the funds to appear in your bank account once the customer pays for their reservation. And their secure platform ensures you receive your money, including tips.
What you earn depends on how much equipment you have to offer.
Store Other People’s Stuff
Turn any space into a passive storage business. If you have extra garages or rooms, they could be making you money.
People may want to store business documents, boats, furniture, etc. Neighbor brings together people who need to store their belongings with those who have the space.
You approve or reject any customer ahead of time. You also set the rate.
Neighbor provides $1 million of general liability insurance. They handle all payments and deposit them into your account monthly.
The amount you earn depends on the size of your space.
Unlike platforms like Airbnb, storage is passive.
Rent Your Unused Space and Belongings for Extra Income
From renting out your pool to storing other people’s belongings, you can generate extra income. Before entering into anything, check your homeowner’s insurance policy or call your agent to verify you’ll have coverage for a business endeavor.
The Epoch Times copyright © 2025. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
