4 Best Ways To Rent Your Things And Earn Money Doing It
When it comes to finding ways to earn more money, one of the easiest places to start is with things you already own. Aside from selling possessions, you can actually get paid to let people borrow items that you don’t use much.
You may not always make life-changing money renting out your belongings (unless you’re really dedicated and rent out high-value items or numerous belongings), but the cash you earn can still go a long way in helping you reach your goals.
Below, we’ve rounded up a handful of platforms that let you earn money by renting out items you already own. See more on our methodology below.
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Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.
Best for renting out miscellaneous items: Hygglo
Standout benefits: Your items are actually protected from damage, loss and theft. The 20% commission Hygglo takes from your earnings goes toward covering insurance and guarantees, user verification and customer support, among other services.
Hygglo
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Fees
Collects a 20% commission from rental fee
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Availability
The app is available in both the App Store (for iOS) and on Google Play (for Android); there’s also a web version
Pros
- Offers Hygglo Care, which is essentially damage, loss and theft protection for lenders listing their items on the platform
- Lets you rent out a variety of items
- Verifies borrower’s identity
- App and web version available
Cons
- Takes a 20% commission from your rental fee
Best for renting out your car: Turo
Standout benefits: Trips are covered through third-party liability insurance.
Turo
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Fees
7.5% of the cost of the trip; Host take rate depends on the insurance plan you choose.
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Availability
The app is available in both the App Store (for iOS) and on Google Play (for Android); there’s also a web version
Pros
- Hosts receive 100% of the approved fees associated with cleaning
- Hosts receive 100% of approved reimbursements for incidental costs
- Available in multiple cities across the U.S.
- Hosts can list many types of vehicles from trucks, vans, and SUVs to classic cars, luxury cars, electric cars and sedans
- Offers three protection plans for hosts: Premier, Standard or Minimum
- Includes liability insurance and roadside assistance 24/7
Cons
- Takes a 7.5% fee from the trip price
- Hosts get 90% of the delivery price
Best for renting out your pool: Swimply
Who’s this for? If you own a backyard pool, you can actually get paid with Swimply. Swimply lists your pool on the platform (take lots of great photos) and users can pay you to use your pool for parties, photoshoots, family time or self-care days. The platform also seems to support listing recreation areas that you own, like a tennis court or pickleball court.
Standout benefits: It’s free to create an account and list your pool on the platform. Hosts are automatically covered with a protection guarantee of up to $1 million and $10,000 in property damage protection.
Swimply
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Fees
15–25% of the booking price
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Availability
The app is available in both the App Store (for iOS) and on Google Play (for Android); there’s also a web version
Pros
- Includes protection guarantee of up to $1 million
- Covers up to $10,000 for property damage
- Payouts are directly deposited
Cons
- Takes a 15–25% fee from the booking price
Best for renting out your home: Airbnb
Standout benefits: It’s free to sign up and create a listing.
Airbnb
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Fees
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Availability
The app is available in both the App Store (for iOS) and on Google Play (for Android); there’s also a web version
Pros
- Becoming a host and making a listing is free
Cons
- The platform charges hosts a 3% fee and also charges fee of 14.1%–16.5% for guests
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Why trust CNBC Select?
Our methodology
To determine the top rental platforms, CNBC Select categorized our picks by best for renting out your home, best for renting out your pool, best for renting out your car and best for renting out miscellaneous items.
When determining our picks, we considered factors like:
- Platform and services fee
- Cost to sign up for an account
- Platform features and capabilities
- Types of items you can list/host
- Support offered by the platforms
- Insurance coverage offered
- Customer reviews, where applicable
Note that terms and fees are subject to change.
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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