From the course: 43 Ideas for Starting a Side Business

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Rent you car on HyreCar or Turo

Rent you car on HyreCar or Turo

From the course: 43 Ideas for Starting a Side Business

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Rent you car on HyreCar or Turo

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- There's a cool way to make spare income with your car, and I'm not talkin' about becoming an Uber driver. It's by renting out your car. Yeah, you can let others use your car, and you get paid by renting it out, just like a rental car company does. It might sound crazy if you've never heard of it, but there are car sharing apps that make this secure and easy to manage all by yourself. Here's how it works. Just list your car on one of the car sharing sites, like Hyre or Turo. These are the current leaders, and then make some money when someone drives your car. Obviously, you only schedule those rentals when you don't need the car, and you're in full control of the process. Renters get rated just like you do, which means you can vet anyone driving your car, and there are also provisions that cover insurance. Some people make enough on this to cover their monthly car payments. You can add anywhere from $50 to $500 a month…

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