Money

Making Money By Renting Your Garage

We're putting together an editorial staff that reflects our broad audience and their various financial circumstances. We value and encourage the experiences and perspectives that help us connect with our readers, answer their questions, and win their trust. Please read our disclosure for more information.
Updated on September 25, 2022 by
Making Money By Renting Your Garage

CommonCentsMom.com is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. The contents of the CommonCentsMom.com website, such as text, graphics, images, and other material contained on this site (“Content”) are for informational purposes only. The Content is not intended to be a substitute for professional financial or legal advice. Always seek the advice of your Financial Advisor, CPA and Lawyer with any questions you may have regarding your situation. Never disregard professional advice or delay in seeking it because of something you have read on this website!

Many landlords have found success renting out their garages through Craigslist or some other classified ad site.

They put up an ad that tells prospective tenants what they’ll be paying per month, and then they sit back and wait for a call.

In this article, we want to share with you how you can take that ad and turn it into a huge money-making machine.

What are the Benefits of Renting Out Your Garage?

There are many benefits to renting out your garage. The most obvious one is the money you can make each month.

The Average Household Income in the...
The Average Household Income in the United States

If you have a space in your house that’s in a great location, you can start getting between $100 to $600 per month just by renting it out.

That’s a nice amount of money to have in your pocket every month.

That also means less wear and tear on the place and less maintenance work for you as well. You don’t have to worry about all of those things because someone else will take care of it for you when they move in!

How to Rent Your Garage?

Now that we have covered all of the benefits of renting out your garage, let’s get into how you can do it.

 

Top Recommended Side-Hustle
Neighbor Storage

Become a Neighbor Host: The easiest way to make money from home by storing vehicles and belongings.

 

Figure Out How Much You Can Charge

The first thing that you need to figure out is how much rent you want to charge each month for your garage space.

There are two different ways that people go about doing this: they either ask friends and family members or they ask online sources such as Craigslist or Kijiji.

Either way works just fine; it’s just up to you!

Post Your Garage Renting Ad Online

Now that you have figured out how much rent you want to charge, it’s time to post your ad online. We highly recommend using Craigslist. It gives you a lot more flexibility in terms of pricing.

It also has the most variety of advertisers and it’s a great way to find out what other people are charging for their spaces.

Get Your Prospective Tenants Interested in Your Space

Once you have posted your ad online, it is time to get people interested in your space.

If you want to attract more people who are looking for places to live, you should use a text message marketing strategy. That way, they can contact you right away instead of searching online.

Most people are familiar with texting services like Whatsapp or Telegram, so you can use them to send an advertisement. You can also use Instagram DM, if possible.

Start Making Money from Your Garage

We hope that you found this article useful in figuring out how to rent your garage.

If you want to take it to the next level and start making a lot of money from your garage, talk to a financial advisor and get some free money-saving tips from him!

Renting out your garage is a great way to generate passive income and it’s also a great way to have someone else live in your house. If you’re interested in making extra money, then you should rent out your garage.

(Visited 33 times, 1 visits today)

🏔 Read Next 🏔

Best Side Hustles of 2022

The 27 highest paying side hustles you can start today.

View article ➞

The Common Cents Mom Newsletter

Join thousands of curious consumers getting the inside scoop.

[class^="wpforms-"]
[class^="wpforms-"]