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Make money renting your garage

make money renting your garage

You can list a variety of parking spaces on Spacer. Here are the most popular space types. Please note that how much you earn is influenced by the location of your space. Indoor Parking is very popular in inner-city areas, particularly for commuters. List your spare indoor parking spot to start earning. Lockup Garages are high demand parking spaces. Rent your empty garage out to a friendly local in need of space! Rent it out to locals in need of extra space! To create the ideal listing and start earning, you only need a few details. If you need help, please call us or email us make money renting your garage support spacer. This helps potential Drivers determine if your space can accommodate their vehicle. Include features of your make money renting your garage, such as security, access and distance from public transport or amenities. Spacer takes a small fee from Drivers for each successful transaction. You accept the booking, accessibility, how you interact with the Driver and the availability of your space.

Americans Have Too Much Stuff. And They’re Paying More and More to Store Their Stuff Somewhere Else

If you do a little research in your area, you may be pleasantly surprised to find out you could be renting out your garage for extra cash flow. We are a society of collectors and we seem to need more and more doodads to keep up with the Joneses. That stuff needs to go somewhere and a nearby garage may be the solution. And when you compare square footages, they can be a huge bargain. Woodworkers have drills, presses, lathes, saws and more. Small business owners like plumbers, repair people and handy men all need to store supplies, tools and more somewhere and retail space is crazy expensive while commercial space requires huge commitments and also huge expenses. These are just a few of the types of people that require space. Space that you can rent out for a tidy little additional revenue stream if you just happen to have a detached garage at your rental property.

Detached Garage Is The Key

If you do a little research in your area, you may be pleasantly surprised to find out you could be renting out your garage for additional income. I always talk about how we are a society of consumers and this is illustrated by the amount of storage needed more and more each and every year. That stuff needs to go somewhere and a nearby garage may be the solution. Additionally, people also have hobbies. Woodworkers have drills, presses, lathes, saws and more. Small business owners like plumbers, landscaping companies, and movers all need to store supplies somewhere, and retail space is crazy expensive while commercial space requires huge commitments and also huge expenses. What I see working with storage is that most people are allowed to store whatever they choose in garages and they rarely run into any issues. However, this is something I would strongly encourage you to look into before deciding to rent out your garage. So I would recomend doing your homework. The easiest way to start with that is to check local ads like Craigslist and Facebook to see if anyone in the area is renting out their garage. What you really want to learn as you do your research is what laws cover the renting of a garage or storage space.

make money renting your garage

Can you rent out your garage?

One of the easiest ways to make some extra cash each month with little effort is to rent out your garage or parking space. More people than you might think would be happy to pay rent for a extra garage spot to protect their classic car, park for their daily commute, or store their motorcycle. Take an afternoon and clean the garage inside and out. If possible, throw out all the unnecessary rubbish and junk. Remove anything else and store it in the attic, basement or shed of your house. Hose down the floor and remove all cobwebs, protruding nails, etc. Confirm the garage door opener functions properly and the door opens smoothly. You want to have a clean, organized garage to make a good impression on a potential renter. Check what other garages and parking spaces are going for in your area. Type your postcode in to the JustPark search box at the top of the page and you will see what the going rate is in your area and the facilities they offer. You could also ask a neighbour what they might expect to pay, and use common sense considering your location and the cost of local commercial operated car parks. Like every property rental decision, it is all about «location, location, location». When deciding what rent to charge, don’t be greedy. If you offer a good, fair asking price for your garage space, you are more likely to find a trustworthy renter nice and quickly. List your garage for rent on JustPark and make sure your advert describes the garage space, location, price and any additional facilities offered including electricity, lighting, etc. Home and business owners are already renting out their garages in London , Leeds , Liverpool and Manchester as well as numerous other cities around the country. When you receive an enquiry about your garage or parking space for rent, answer their question truthfully and as fully as possible. If people make an effort to come and look at the space, it is likely that they will rent it and have accepted in their mind that they will pay the rent you are asking. It is likely that the renter will try and negotiate the price. Once you have agreed on the pricing and the contract length, make sure the booking is completed online and that you download and print off the parking agreement contract that is provided. If you would like to receive a deposit, make sure that you collect it before handing over any keys or electronic opening devices. JustPark provide a parking agreement contract for both you and the driver. The contract will state the payment terms, when the rent is due, how it is to be paid and for how long month to month is typical. A signed contract is necessary for legal and peace of mind reasons. JustPark collects the first month’s rent and will set up the recurring payments on your behalf. For more information and advice about renting out your parking space please have a look at some of the following related pages:. This parking information guide was written and produced by JustPark.

Converted garage as income-earning small home in exurban LA

How To Make Money Renting Out Your Garage

Have you ever considered using that wasted garage space that you have as a source of income? I mean… there are dumber ways to create passive income. Believe me — Gsrage know. I currently have a mother-in-law living in my home and her car is taking up my 3rd stall in my garage. So why am I even writing this post? Maybe you DO have some extra space in your garage or anywhere else that is just sitting dormant and doing nothing for you. You might be like so many others and your extra space has just been piling joney with junk, year after year. Guerrero via Flickr. By the way… any links on this page that lead to products or services on other sites are affiliate links and I get paid a commission if you purchase or sign up. Thanks in advance for your support. But here are a few things to consider…. You could always go the old-fashioned route and place a classified ad in your make money renting your garage newspaper. Who are we kidding.

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