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Earn money by renting your stuff? Yes, that’s exactly what I’m talking about.
Think about it…
I bet you have bikes, golf clubs, a generator, kayaks, a chainsaw, and other tools taking up space in your house and garage.
Those things are expensive!
Now imagine letting your neighbor or someone in your community rent them from you. Renting is significantly cheaper than buying something outright. Especially if you will only use it once.
It’s a win-win, right?
They save money by renting your tools and equipment, and you put some cash in your pocket.
FriendWithA review: What is FriendWithA?
FriendWithA is a peer-to-peer rental platform. You can list anything from golf clubs, bikes, and snowboards to grills, cameras, and guitars.
If you own equipment or tools, you list your item on the site for other to rent from you.
Don’t worry – it doesn’t cost you anything to list your things.
How does it work?
Let’s say you have a road bike that you don’t use much anymore. You create an account on FriendWithA and list it.
Your bike should be clean and maintained (no flat tires or rusted chains), and you need at least three photos.
Then you wait.
If someone comes along and wants to rent your bike, that’s when the magic happens.
You see, FriendWithA has a damage protection guarantee.
Let’s say your bike is worth $200. In this case, FriendWithA protects against lost, stolen, or damaged items up to $5,000.
Rent your bike for $50 a day for four days?
You could earn $157.25 after support and insurance fees.
What I love about FriendWithA
Renting your equipment to strangers to make extra cash might sound odd. But we’re in a gig economy, with 45% of Americans running a side hustle.
And if you’re trying to pay off debt?
Every little bit helps.
With that said, here’s what I love about FriendWithA:
- Easy to use platform
- Simple terms
- You’re protected with insurance
- Renters sign liability waivers
- Has an A rating from the Better Business Bureau
What to watch out for
Even though FriendWithA makes renting your stuff easy, there are still a few risks.
Here are some things to watch out for:
- 6% commission fee on every rental
- Insurance fees
- The site is still growing, so rentals don’t always happen fast
You can list your things for rent with no strings attached because you pay nothing upfront.
If your items are rented? The 6% site commission and insurance fees come out of your earnings, so you don’t have any out-of-pocket costs.
How to get started with FriendWithA
Ready to start making money with FriendWithA?
Head over to FriendWithA.com and click Earn Money.
The site will ask you a few questions about gear you might own to quickly get your account set up.
The best part?
FriendWithA handles all of the paperwork, insurance, and technical aspects of maintaining the site. You earn cash renting your items. And your gear gets a little love instead of sitting in the basement.