Hire out your designer clothes, rent out your back shed or even get paid to let people take a dip in your pool: These are just some of the ways people are making easy money in the sharing economy.
For more than a year, Charlotte Ward, 31, has been renting out two undercover car spots at her home in Bondi Junction in Sydney’s eastern suburbs for $240 a month.
She told Yahoo Finance the extra $480 a month allowed her and her housemate, who both don’t drive, to leverage the extra earnings they made through Parkhound to snag a better rental than they would otherwise have been able to afford.
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She’s not alone. People renting out their empty car spaces on the app earn on average $300 a month, or $3,600 a year.
Ward is no stranger to the sharing economy. Back in the days of overseas travel, she used to rent out her room on Airbnb to help fund her trips.
“I think people can make extra money just from the existing assets that they have that they might not realise,” she said.
Rent out your pool and more
Keeping pools sparkling and algae-free doesn't come cheap but now there’s a way to get these backyard swimming spots earning their keep.
People are raking in $5,000 to $10,000 a month - or $30,000 a year - by letting people rent out their pool on a platform called Swimply.
Empty sheds or garages can also be rented out on Spacer. Help a hoarder out and earn around $400 a month, or $4,800 a year.
Fashion-forward types are also making a killing renting out their designer clothes on platforms such as The Volte.
People renting out their Bec & Bridge or Alice McCall dresses are taking home $1,500 a month on average, or up to $18,000 a year.
You could also rent out your car, which on average sits around doing nothing about 96 per cent of the time. On Car Next Door, thrifty types can earn $333 a month on average, or $4000 a year.