Turn Your Assets into Cash: 8 Lucrative Side Hustles

Unlock the Hidden Potential of Your Assets

Are you sitting on a goldmine without even realizing it? From cars to cameras, and from parking spots to storage space, there are countless opportunities to turn your underutilized assets into a lucrative side hustle.

Rent Out Your Ride

If you own a GM vehicle, consider joining Maven, a peer-to-peer car rental service that lets you rent out your car when you’re not using it. You can earn up to $225 per day, with GM taking care of the listing and installation of the necessary technology. Non-GM owners can use alternatives like Getaround or Turo, which offer similar services with competitive earning potential.

Monetize Your Parking Spot

Got a parking spot that’s collecting dust? List it on CurbFlip, a platform that lets you rent out your spot for daily, weekly, or monthly periods. You can earn up to $150 per month, with CurbFlip taking a 16% commission. Other popular options include Rover, MyFlexiPark, ParkEasier, and Pavemint.

Rent Out a Room (or Your Whole Home)

If you’re comfortable with the idea of hosting strangers, consider listing a room or your entire residence on Airbnb. With over 3 million listings worldwide, you can earn up to $1,447 per month hosting two guests in Chicago. VRBO is another popular platform for renting out vacation homes, with options for annual subscriptions or commission-based listings.

Rent Out Your Space for Events

When you’re not home, why not rent out your space for events, meetings, or photoshoots? Peerspace lets you list your space for hourly rentals, with prices ranging from $69 to $125 per hour. You decide the hours and rates, and Peerspace takes a 15% commission. Similar services include Splacer and ThisOpenSpace.

Make Waves with Your Boat

If you’re lucky enough to own a boat, consider renting it out through BoatSetter. You can earn up to $1,200 per half-day rental in Miami, with BoatSetter taking a 35% commission.

Tool Up with T’Work

If you have tools and lawn equipment collecting dust, rent them out through T’Work. You can earn up to $60 per day, with T’Work taking a 20% commission.

Store It and Forget It

If you have extra storage space, consider listing it on Store At My House. You can earn up to $150 per month, with Store At My House taking a 15-20% commission.

Focus on Camera Equipment

If you have high-end camera equipment, list it on ShareGrid or KitSplit. You can earn up to $399 per day, with ShareGrid taking a 12% commission and KitSplit taking 15%.

Rev Up Your Motorcycle

Finally, if you own a motorcycle, consider renting it out through Twisted Road or Riders Share. You can earn up to $299 per day, with both services taking a 30% commission.

By unlocking the hidden potential of your assets, you can earn some serious extra cash and turn your underutilized items into lucrative side hustles. So what are you waiting for? Start renting out today!

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