Sometimes our homes are packed to the rafters, filled with boxes and items we “might need someday.” Other folks have plenty of  space with an empty attic, basement, shed, a parking spot, or even a closet. If you do have room to spare, turn that empty space into some cash!

Store At My House: Make money off of your extra storage space and list it online. Using this site, place an ad, choose the person you rent to, and choose the price they pay. If you live in a larger city where space is limited, then you are more likely to make some extra cash!

How it Works:

  • Register for an account
  • Describe you space (attic, basement, extra room, parking space)
  • Submit your listing
  • Print out this sample agreement to protect yourself and your renter
  • Get paid

Park At My House works similarly. If you live in a larger city where parking can get expensive or if there are large events that go on pretty frequently, then you have the potential to make great money. Several reviewers claim to make enough money to cover their utilities and mortgages.

How it Works:

  • Register for an account
  • Figure out what your space is worth based on where you are and what type, here
  • Submit your listing
  • Get paid

While these listings may not be for everyone, they’re definitely an easy way to make some extra cash. The important thing to remember is that you’re the one in control and you don’t have to agree to anything that you don’t feel comfortable with.

 This has been a guest post by August from Granite Falls, NC
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8 thoughts on “Storage Space: How to Make Your Home Pay for Itself”

  1. Lovin Summer says:

    Yeah, no thanks. I don’t like strangers in or around my house….so I’ll keep my space for my family. And we live in the suburbs, so parking is NEVER an issue around here…thank goodness :)

    •  Good points! This was mainly intended for people that live in larger cities where parking and storage is an issue. A lot of people don’t have the same luxuries that you do, unfortunately.

  2. Danijela says:

    Even thought it sounds interesting, I think I’ll keep all my storage space only for myself. ;) 

  3. PV Mom says:

    Better make sure you have insurance coverage for this!!!  If someone gets hurt on your property of their things get damaged you can get sued!!!

    •  There are a lot of “it depends” in this situation. For example, if the renter is at fault, they’re liable. It would also depend on the state laws as well as what was in your contract. In the sample agreement, the renter acknowledges that they are liable for anything that happens to their things when they’re at fault.

      Obviously the lesee will be liable given that they are at fault, but again, it all depends on the situation. Like you said, checking with your insurance company will help verify that.

      • Well, maybe, BUT even if the renter is liable, will you be able to collect? I almost rented my car through a similar service because it seemed like a great idea until I read the fine print. The company that coordinated the rental had the final say so with respect to compensation for damages in the event of an accident. My car insurance certainly wouldn’t cover it. That meant if the car was totaled (for example), they had the final say over how much I would be paid. It’s not a risk I’d be willing to take. I think the same way about some of these services too — they seem like a great idea until you start thinking about all the stuff that could happen. I think the liability is too great to take a risk.

        • As a paralegal, my opinion would be to have your contract looked over by an attorney before you sign anything.  I think a lot of you are making valid points, but you should also remember that these are just ideas for people who need to make money or need to rent somewhere cheap for their items. The majority will not have items that are going to be of incredible value, and if they do, they should consider storage somewhere else that will be safer.

          While an insurance company could refuse to pay on the items, you have to think about your own home owners insurance anyway. A lot of them don’t pay out unless you have pictures to prove that you owned the items in the first place. So keeping them at home isn’t really that much safer either.

          Like I said, it depends on the situation. That is just a SAMPLE contract. You have the right to choose the items people are allowed to store and not allowed to store. If you don’t feel comfortable with it -don’t do it. Have a great day :)