$100/Month Passive Income by Renting Your Storage Space [Guide]

If you have some free space and are wondering how to make passive income quickly and easily, then this guide on renting your storage space on a peer-to-peer storage rental platform is for you. The extra space you have lying around in your home could become a very convenient way for you to earn extra income in the most passive of ways possible – by actually doing very little.

Can I make money renting storage space? Many property owners are complementing their income by renting space they can spare to people in need of it. There are a lot of spaces you could decide to rent out in your home. These may include your garage, guest room, shed, basement, backyard, attic, closet, or RV Pad.

“By renting out our empty space with Neighbor, my wife and I will make $900 this summer while giving back to the community.”

- Jordan | American Fork, Utah

Quote form Neighbor.com

All these spaces can be rented out for a multitude of storage needs, and you can make money as a result of it. The passive income is obviously a huge benefit, particularly if your space has not been used for several months or years. Here is the process you can follow in order to make a passive income from your available storage space.

Steps to Renting out Your Free Storage Space

You should first find the right peer-to-peer platform to share your space on. It is best to go through these platforms to benefit from the protection offered (verified users, payment processors etc). We will walk you through choosing a platform to getting paid.

1. Identify the Right Platform for Your Space

There are many platforms on which you can post listings about your storage space, but many tend to focus on a particular kind of storage. For instance, there will be sites that focus entirely on garages, while others will focus on backyards.

So, make sure that the site you post your listing on has the sort of audience that would consider renting the space you are offering. This will better your chances of success as you will meet with customers who are specifically looking for the kind of storage space you are renting.

One main benefit to using these sites is that they will make it easy for you to find renters, and they help you sidestep some of the risks that would come with having to find renters on your own (ie. verification processes, managing payments etc). For these reasons, it is especially important to use a good storage space company.

Why Work with a Peer-to-Peer Storage Space Company?

Since many storage spaces are rented for long periods of time, sometimes months or years, you should make a point of ensuring that you work with the best possible clients to avoid getting into any problems. Generally, good storage space renting platforms offer the following unique benefits:

  • They carry out verification processes to ensure users are legitimate
  • They have insurance services that can ensure you enjoy a greater level of security as you rent your space.
  • When using a good company, you can also get payment guarantees as they will make sure you get paid every month.
  • Furthermore, you will get the chance to choose and pick which offers to accept based on your personal preferences.

Here are some companies you can choose from. Note: You may have to do further research if they are not available in your area:


Here is a long list of self-storage startups around the world: https://angel.co/self-storage. Be sure to do your research before signing up to any of these providers. You should make sure the company is legitimate, provides their physical address (look it up on Google Maps), and provides a customer support line (that exists, make sure to test it before signing up). You should also read their Facebook, Google and peer reviews to get a better idea of the company. Also read their terms, conditions and privacy policy before signing up to make sure you agree.

2. Make a Peer-to-Peer Storage Space Rental Listing

Once you are sure you have found the perfect platform to market your storage space, then it’s time to create a listing. This is a simple process, and it boils down to describing the kind of space you are offering. You have to be as detailed as possible, in order to get the right attention from those in need of storage space.

Things to include in the description should include location, pricing, and any extras that come with the listing. Some things renters like to see in listing descriptions include smoke-free, pet free, humidity controlled, secure, locked and clean. If these things are true, feel free to add them to your description. Nonetheless, your space should always be as clean as possible.

Fortunately, with many peer-to-peer storage companies, making a list does not cost anything, and you will have no obligations afterward unless you enter into a deal to rent your space to someone who needs it.

3. Communicate with Your Potential Customers

Obviously, it couldn’t hurt to understand your customers better, since you will be getting into an arrangement that involves your property for potentially long periods of time. You can achieve this by chatting with them, or communicating prior to closing a deal to ensure that everything about them checks out.

This can also help you know whether the storage needs they have are appropriate for the kind of facility you are offering. For instance, you might be okay with someone storing furniture in your storage space but would refuse to have corrosive chemicals kept in the storage space you are offering.

4. Rent Your Space & Get Paid Passive Income

After you have found the right person, you can go ahead and make arrangements regarding how they will get access to your space and start using it. This is important so that they have an easy time moving in and enjoying the benefits of the services they have paid for.

This will be officialised with a formal contract through the peer-to-peer storage space app you chose. Since they are your facilitator, the contract will usually involve three parties (the peer-to-peer storage company, you and your client).

A good company will make the process very easy, and you will not have issues following up on payments as they will ensure that you get payments every month once your space has been rented out.

Some Tips to Consider as You Rent Your Storage Space

Understand that your earning potential will depend on things like the location of the storage space, its size, and the convenience it offers to the person renting it. Obviously, renting a closet will not be as lucrative as renting an entire garage or basement.

If the property has tenants, it is best not to rent out any storage space, as that can complicate your relationship with the tenants. Make sure to respect local laws when renting out storage space on your property. If you have any doubts, contact your local Town Hall.

How Passive is Renting Your Storage Space?

Renting out storage space is very passive. You do not require any additional set up costs as the space is already available. Besides, once someone rents it, no further action is required on your part and all that’s left is to receive payments for your services. Some renters may even request a year-long contract, which means this passive income method can be quite passive.


Like placing advertisements on your car, you can only have so much space to rent. This passive income method is not scalable as you can only rent the space you have available while respecting you and your family’s private space.

Startup Costs

The costs of starting this business are pretty low. After all, you already have the space you want to rent and all you need is someone willing to pay for it. This would not be your experience with regular rentals where you have to worry about providing facilities like toilets, trash disposal and even get involved with the day-to-day demands of the tenants, which can cost you a lot of money over time.

However, you may have to maintain this space more than you did before. If it is your basement, you may have to invest in a dehumidifier to make sure the space stays dry. If it is an RV pad, you may have to provide certain amenities to ensure the space remains up to par despite the rain and hot sun.


Renting storage space is very simple. Peer-to-peer storage space sites that link you with potential renters have made this process especially easy for you. As long as you have a good space, and promote it properly on relevant platforms, then your storage renting skills are as good as those of any other person making money off this passive income method.


You don’t need to invest much time into this passive income source, even when you are getting started. Once you make a listing about the space you are offering, and have found a customer, all you have to do stock their stuff and wait for your check at the end of the month, which means you start making your money immediately you sign a contract, and that can happen on the day you decide to put up a listing advertising your storage space.


There are moderately low risks of renting your space for passive income. For instance, some renters might be late on their payments or make defaults, in which case the space might remain occupied by their belongings as you try to recover your money, which might result in potential income losses. Make sure the platform you sign up to can assist you in case of this. Also, you run the risk of renting out the space to strangers who might use the space in ways that can result in its damage. Make sure to be diligent and communicate thoroughly with potential clients before getting started.


Unlike the housing market, which is usually affected by things like the economy, storage facilities are quite immune to such problems as storage spaces are always in demand. On average, storage facilities are rented for long periods, from months to years. Therefore, seasonality shouldn’t get in your way or making passive income off your rental storage space.

ROI (Return on Investment)

The return on investment on personal storage space rentals is actually pretty good. There are commercial storage spaces out there, however, in most people’s opinions, they charge exorbitant fees. Therefore, when people like you can offer these services, you can be sure to get good money off your space, even while charging slightly better rates. Some people even manage to get a few thousand dollars a month, although most make hundreds of dollars off this lucrative passive income venture. Just take note that the platform will take fees on your rental.

Related Questions

Here are some articles and related questions to peer-to-peer storage space rentals.

How Much can You get Paid to Rent Your Storage Space? Neighbor’s site states that you can make just over $2000/year for renting out your basement, just over $1000/year for your RV pad, $684/year for your garage, and $84/year for your closet. According to Stashii a spare bedroom can make about $100-$200 per month, an average shed would be about $100-$150 per month.

How do I Rent Personal Storage Spaces? 1. Make sure renting your personal storage space is for you. 2. Find the best peer-to-peer storage space platform for your needs. 3. Create a listing 4. Communicate with your potential clients. 5. Rent your space and receive passive income.

Disclaimer: The information contained on this Website and the resources available for download through this website are for educational and informational purposes only and are not intended as, and shall not be understood or construed as, professional advice. Results mentioned are not guaranteed. Starting a business or an online business always involves risk and demands a lot of time. The success of your (internet) business depends on your hard work and skill. We do not guarantee any business or income. It is also imperative that you consult a tax and/or legal professional in your area to ensure you comply with local, or nation-wide rules and regulations that pertain to your area before you join a peer-to-peer platform or start a business with the purpose of making money. Consult our Disclaimers page for more information.

Beginners Passive Income

Passive income for beginners. Ideas, guides, motivation, inspiration and everything in between.

Affiliate Disclaimer

Beginnerspassiveincome.com is a participant in affiliate programs designed to provide a means for sites to earn advertising fees by advertising and linking to their sites and is compensated for referring traffic and business to these companies. There are no extra costs to you if you sign up to any service through an affiliate link. Please refer to our Disclaimers page for more information.

Content Disclaimer

This blog does not provide legal, financial or tax advice and does not create an attorney-client or client relationship. We are not trained or certified financial advisors, and we are not your financial advisor. For legal, financial or tax advice, please contact a qualified professional in your area.We do not guarantee any business or income. Consult our Disclaimers page for more information.

Try Tidio Chatbots
5 Step Passive Income Blueprint
Our passive income blueprint provides five steps to financial freedom. From learning what passive income is, setting up your passive income goals, choosing your passive income idea, having what it takes to achieve your financial dreams, and then give back.
Outsource The Work
Plan Your Passive Income Success
passive income journal tracking

Plan your success to financial freedom over 24 months. Commit. Organize. Track. Grow. Build and execute your plan to replace your current active income with passive income.

Related Articles

Passive Income

18 Passive Income Ideas You Can Start in Canada

You can earn passive income in Canada from well-executed passive income ideas like blogging, podcasting, chatbots, eCommerce, niche sites, dropshipping, or print-on-demand for example. It is important to choose an idea you are passionate about or interested in learning because it takes skill, patience, dedication, and hard work in order to succeed.

Read More »
Passive Income

14 Passive Income Ideas You Can Start in India

Some passive income ideas you can carry out in India include eCommerce, gaming, podcasting, monetized chatbots, niche sites, dropshipping, and blogging. You can also participate in side-hustles like food delivery apps, flipping items on craigslist, flipping domains, flipping items on eBay and more. Learn more here.

Read More »
Passive Income

12 Passive Income Ideas You Can Start in The USA

Some excellent passive income ideas that can be done in the USA include blogging, podcasting, monetizing chatbots, eCommerce, monetized niche sites, dropshipping, print-on-demand, and more. You can also engage in side-hustles like food delivery apps, or peer-to-peer rentals. It all depends on what you are able to do and passionate about.

Read More »
Passive Income

10 Passive Income Ideas Without Investments

Not every passive income idea requires a large financial investment. Some passive income ideas do not require any investment and are fairly easy to start. Some can be done online such as gaming, YouTubing or starting a blog, while others may include AirBnB, renting out your things, ridesharing, or advertising with your car. Learn more here.

Read More »

6 Passive Income Streams for Chefs

There are many passive income-earning opportunities for chefs. As long as you are passionate and knowledgeable in something (in the culinary world or otherwise), you can turn it into a passive income source. Passive income sources that may be ideal for chefs include blogging, podcasting, creating niche sites, selling eBooks, affiliate marketing and more. Learn more here.

Read More »
Passive Income

What Does Passive Income Mean?

Passive income is income that is earned without trading time for money on an hourly or per-project basis. Not trading time for money means income is not bound to a fixed rate or a 24h/day limit, thus lifting many limitations of active income. Passive income can, however, require a very large financial and/or time investment to set up. Learn more here.

Read More »

How To Make An eBook [Video Guide]

You can easily make an eBook for free. You only need a Google account, a computer, and a stable internet connection and eBook content. Using Google Docs, you can create and format an eBook fairly quickly and easily. Learn more here.

Read More »

Audiobook Narration For Beginners

There are many ways you can improve your narration skills. Some factors that affect narration include your posture, vocal cord exercises, intonation, your interest in the content and what you consume before narrating. With the right posture, healthy diet, and preparation, it is possible to produce high-quality audiobook content. Learn more here.

Read More »
Side Hustles

17 Online Passive Income Side Hustles

There are tons of side hustle ideas you can undertake outside of your normal schedule or day job to earn passive income. Making passive income from a side hustle is not something new. Passive income ideas such as eBooks, eCommerce, podcasts, dropshipping, and stock photography can make for excellent side hustles. Most of these ideas are easy to start even for beginners. Learn more here.

Read More »

9 Passive Income Ideas for Illustrators

As an illustrator, you can earn a passive income by sharing a passion via a passive income idea. Some ideas include print-on-demand, blogging, affiliate marketing, chatbots, podcasting or selling eBooks. Your choice depends on your interests and what you would like to share. You can combine ideas to create multiple streams of passive income. Learn more.

Read More »

8 Passive Income Ideas for Real Estate Agents

There are numerous passive income-earning opportunities for real estate agents. Some streams include blogging, podcasting, creating niche sites, chatbots, selling eBooks, affiliate marketing, YouTubing and many more. With hard work, dedication, and skill, you can turn your passion into a passive income stream. Learn more here.

Read More »

How to Make Money Selling Chatbots

You can make an excellent income by creating and selling chatbots. One way of monetizing your blog is by selling it to a company/business or offering it to them for free, and earning a commission on sales from it. Many businesses are willing to buy chatbots to automate parts of their sales, support, and marketing processes. Learn more here.

Read More »

9 Ways to Make Money From a Chatbot​

You can make money from chatbots in a variety of ways. You can monetize your chatbot with affiliate marketing, eCommerce, advertising, lead generation, surveys, landing page, and sales funnel processes. You could also sell your chatbot to businesses to reduce customer support overhead. Learn more here!

Read More »

How to Sell eBooks on Your Own Website

It is possible for you to create and sell eBooks on your website. eCommerce tools such as Ecwid make it super easy to sell products online. For instance, if you run a niche site on educational content you can create and sell eBooks about your niche topics and earn income through your online store. Learn more here.

Read More »

6 Passive Income Streams for Lawyers

There are numerous passive income-earning opportunities for lawyers. So long as you are passionate or knowledgeable in something, you can turn it into a passive income source. Some easy streams you can earn passive income from include blogging, podcasting, creating niche sites, selling eBooks, affiliate marketing and many more. Learn more here.

Read More »

10 Ways to Create Multiple Streams of Passive Income

Yes, you can create multiple streams of passive income by combining different passive income ideas. Online, you could combine affiliate marketing, blogging, YouTube, and Ad placement, and monetized chatbots. If you were running passive income businesses (brick and mortar) you could combine a laundromat with an ATM, self-service vending machines and more. Learn more here!

Read More »

8 Passive Income Ideas for Massage Therapists

There are numerous passive income-earning opportunities for massage therapists. Some streams include blogging, podcasting, creating niche sites, Chatbots, selling eBooks, affiliate marketing and many more. If you are passionate about massage therapy, you can build a passive income stream to turn it into a passive income source. Learn more here.

Read More »