How to make money providing storage can be done very easily and you will be surprised just how quickly you can start earning some extra money for yourself. If you have rooms in your home or even some storage units in the yard that can be spared you will discover that this can be a profitable venture.
So, how do you get started? Below you will find out how to make money providing rental space and just how simple it actually can be if you give it some time.
One of the first things you will need to do will be to decide exactly what rooms you are willing to consider to rent out for this storage space. It is a good idea to think about this carefully because you will more than likely be renting out space to people you do not know.
Understand, that you will not be able to charge as much as those big professional companies charge but you still will be able to get enough money to make it worth the effort. You also will discover that there will probably be a lot of people interested in what you have to offer because it is a lot less money. So getting started should not be that big of a task.
After you have decided upon what space you want to rent out, the next thing you need to do is to design a contract. You will need to find out from the state you live in what type of rental contract is considered legal so that you are protected. The best way to do that is to go to an online legal site in your state and take one of their rental forms and then modify it to suit your particular needs.
The modifications that you will need will be minor. Generally the contracts you will find are written for people who are renting a place to live. So the contract will have to be modified to reflect that it is items and not people renting the space available.
You will have a legal obligation to the renter and that is to make sure that your homeowners insurance knows about the storage situation you are offering and ask for more coverage so that this will cover the items the person is storing in your home. Also make sure to let the renter know that they themselves can take out their own renters insurance as well.
The next thing you need to do is to make sure that each room you decide to use for storage has a secure lock that has a key for just you and the person that is renting the room for storage. It is also important to note that whatever is stored in your rooms are not dangerous or flammable types of items. This should be stipulated in your rental contract.
It is important that from the beginning you know that the room you are renting is free of pests. The last thing you need is for the renters property to be destroyed by some sort of pest infestation.
There are a number of different ways you can try advertising your rental space. One way is by placing an ad in your local newspaper. Another way could be by using a penny saver or nickel ad type publication if you have those in your area.
You can try using a broker as well. A broker will take care of all contracts for you and help you find the right insurance to have, types of security you need and much more. They also will help locate renters for you by putting you on their websites. However; this is probably the most expensive route to go.
If you are looking for a way to advertise the space without spending a dime, then the best way to do that would be to place a post on Craigslist. This is not only free and easy, but it is probably going to be the most successful way to find a renter. Only drawback with this is that you have to do a lot more screening because you will probably get a lot more people calling you through this venue.
So, how do you get started? Below you will find out how to make money providing rental space and just how simple it actually can be if you give it some time.
One of the first things you will need to do will be to decide exactly what rooms you are willing to consider to rent out for this storage space. It is a good idea to think about this carefully because you will more than likely be renting out space to people you do not know.
Understand, that you will not be able to charge as much as those big professional companies charge but you still will be able to get enough money to make it worth the effort. You also will discover that there will probably be a lot of people interested in what you have to offer because it is a lot less money. So getting started should not be that big of a task.
After you have decided upon what space you want to rent out, the next thing you need to do is to design a contract. You will need to find out from the state you live in what type of rental contract is considered legal so that you are protected. The best way to do that is to go to an online legal site in your state and take one of their rental forms and then modify it to suit your particular needs.
The modifications that you will need will be minor. Generally the contracts you will find are written for people who are renting a place to live. So the contract will have to be modified to reflect that it is items and not people renting the space available.
You will have a legal obligation to the renter and that is to make sure that your homeowners insurance knows about the storage situation you are offering and ask for more coverage so that this will cover the items the person is storing in your home. Also make sure to let the renter know that they themselves can take out their own renters insurance as well.
The next thing you need to do is to make sure that each room you decide to use for storage has a secure lock that has a key for just you and the person that is renting the room for storage. It is also important to note that whatever is stored in your rooms are not dangerous or flammable types of items. This should be stipulated in your rental contract.
It is important that from the beginning you know that the room you are renting is free of pests. The last thing you need is for the renters property to be destroyed by some sort of pest infestation.
There are a number of different ways you can try advertising your rental space. One way is by placing an ad in your local newspaper. Another way could be by using a penny saver or nickel ad type publication if you have those in your area.
You can try using a broker as well. A broker will take care of all contracts for you and help you find the right insurance to have, types of security you need and much more. They also will help locate renters for you by putting you on their websites. However; this is probably the most expensive route to go.
If you are looking for a way to advertise the space without spending a dime, then the best way to do that would be to place a post on Craigslist. This is not only free and easy, but it is probably going to be the most successful way to find a renter. Only drawback with this is that you have to do a lot more screening because you will probably get a lot more people calling you through this venue.
About the Author:
Making money with storage is hard but you can do it. Once you get the hang of the process, then you can go on a vacation when you want with the Travelocity promo here because you can make money.
