What: FriendWithA is an online rental platform that specializes in high-end sporting equipment, such as one-wheels, electronic bikes and scooters.
Expected pay: you set it
Husl$core: $$$
Commissions & fees: owner pays 6% plus an insurance charge; renter pays another 14%
Where: Washington, Oregon, California, Colorado and Minnesota
Requirements: submit to a background check
Review:
FriendWithA is an online rental platform where you can list anything, from camping equipment to bounce-houses. However, the site appears to specialize in high-end sporting equipment such as electronic scooters, bikes, one-wheels (a cross between a skateboard and a Segway) and paddle boards.
People with equipment to rent out can list it for free. If it rents, there’s a 6% site commission and an insurance charge that varies based on the cost of your goods. Renters pay another 14% to the site.
This is a relatively new platform, so it doesn’t have a vast number of listings nor the sort of traffic that will generate brisk rentals. However, the site’s terms are simple and reasonable. We also like the fact that founder Stefan Cordova says his insurance policy will pay for loss or damage of your equipment without deductibles or limitations. People who rent on this platform also must sign a liability waiver, to take the onus off those renting out their equipment.
Recommendations:
The great thing about rental platforms is they are not exclusive. You can list the same items on all of them, which should vastly increase the chance of securing a rental. Other places to list your equipment: Loanables, FatLama and RentNotBuy.
Suggested Options.
Blogging as a side hustle
Larry Ludwig may well be the poster child for why people recommend blogging as a side hustle. He…
Side hustle success stories: Selling on Etsy
Helen Spallas has worn many hats--investigator, janitor, tax preparer --but she didn't make six…
Great holiday gift experiences
Want to give someone something unique this holiday season? Consider holiday gift experiences.
Jobs for military spouses
The typical military family moves every two or three years. And with all that moving around, jobs…
3 Best tutoring sites
The best places to find a tutor are also the sites that are the best places for freelancers to…
Holiday hustles
One-quarter of Americans are looking for a holiday hustle to help defray the high cost of seasonal…
Learn to teach for free
Have a skill? You can make money teaching it online. And this month two of the best teaching…
5 New hustles — good, promising and pretty bad
We've reviewed 5 new hustles this week, which provide good opportunities for designers, notaries…
Strategies to survive inflation
Basic strategies to survive inflation involve spending (or saving) less or earning more. Or, if…
No college? No problem
No college? No problem. A wide array of jobs -- many of them well-paid -- don't require a degree.…