Subject: 💰(Part Fourteen) The Secrets To Evergreen Passive Income, Even If You Have No Money😉

After today, I'm going to space these out a little to give you (and me) a little breather).

Rent Out Your Space or Belongings

Overview:


If you have extra space in your home or unused belongings, you can turn them into a source of easy income. Platforms like Stashbee: A UK-based platform where you can rent out storage space in your home or property. Or, Storemates which is another UK-based option for renting out storage spaces.


I will focus on Stashbee.


These sites allow you to rent out storage space (like a garage, basement, or spare room), and apps like Fat Llama let you rent out items you already own, such as tools, bikes, or cameras.


How It Works:

  1. Rent Out Storage Space with Stashbee:

    • What You Need: An empty garage, shed, attic, or spare room.

    • How to Start:

      • Sign up on https://stashbee.com/

      • List your available space and describe it (e.g., “Clean garage for storing furniture or boxes”).

      • Set your monthly or even hourly rental price (a good help guide on pricing has useful suggestions).

    • How You Get Paid: Once someone rents your space, Stashbee handles the payments and deposits money directly into your account on request.

  2. Rent Out Your Items on Fat Llama:

    • What You Can Rent: Common items like bikes, power tools, cameras, camping gear, or even kitchen appliances.

    • How to Start:

      • Sign up on FatLlama.com.

      • List your items with photos and descriptions.

      • Set a rental price (e.g., $15/day for a bike or $30/day for a camera).

    • How You Get Paid: When someone rents your item, Fat Llama provides insurance to cover damages.

Why It Works:

  • No tech skills required: All you need is an account to list your space or items.

  • No upfront investment: You’re earning money from things you already have.

  • Low effort: Once your listing is live, you only need to coordinate with renters.

Potential Challenges (and Solutions):

  • Trust issues with renters: Platforms like Stashbee and Fat Llama include protections and insurance for damages.

  • Not enough demand: Solution: Take good photos, write clear descriptions, and set competitive prices to attract renters.

Estimated Earnings:

  • Storage Space: £40–£300/month (perhaps more) depending on the size and location of your space.

  • Item Rentals: £30–£200/month, depending on the popularity of your items.


Here's To You! And Your Amazing Use Of Space!


John Duncan