Rent Out Household Items and Make Extra Money

You can earn money by renting out household items to people who need them, but before doing so, it’s important to understand something called “voluntary parting” insurance.

This type of insurance specifically addresses an exclusion in most homeowners insurance policies, which means you won’t be covered for loss or theft when you voluntarily part with your property—like when you rent it out. If you want coverage in case someone doesn’t return your rented items, you’ll need to purchase this insurance. It’s usually not expensive, but be sure to talk to your insurance agent for a quote.

With that in mind, here are two platforms that can help you rent out items ranging from vacuum cleaners to tools, sporting goods to mowers:

1. FriendWithA

FriendWithA is an online platform where you can list just about anything for rent, from camping equipment to bounce houses. The site specializes in high-end sporting equipment, including electronic scooters, bikes, one-wheels (a cross between a skateboard and a Segway), and paddle boards.

Learn more about FriendWithA by reading our full review here.

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2. Loanables/Reventals

Got items sitting around, like a carpet cleaner, belt sander, or wood chipper? Maybe your camping gear or even that old wedding dress is just gathering dust. Loanables/Reventals lets you rent out these items and more. It also gives you an idea of what similar items are renting for in your area.

You don’t pay anything unless your items are rented. The site takes a 10% commission from the customer’s payment.

Learn more about Loanables/Reventals by reading our full review here.