What: Loanables helps you rent out your stuff — everything from wedding gowns to camping equipment
Commissions & Fees: 10%
Husl $core: $$$
Where: Nationwide
Review:
You sprang the big bucks to buy the carpet cleaner, the belt sander or the wood chipper and now they are all just sitting in your garage gathering dust. The same holds true for that camping equipment — and even your old wedding or prom dress. This site allows you to rent it out — and even gives you an idea of how much similar items are renting for in your area.
For that service, you pay 10% of your rental fee to the site. You, however, are responsible for collecting the money and arranging pick-up or delivery of your item, as well as asking for a deposit if you are renting out something expensive. You also need to be aware that you could be held liable if someone hurts themselves when using your chain saw or other dangerous equipment, so think twice before renting out anything with sharp edges or blades.
Generally speaking, rental rates are modest, so unless you own something fairly expensive and unique — a bounce-house; a cotton candy machine; a photo booth, for example — you may find renting personal items is more trouble than it’s worth.
Finally, be aware that these rent-anything sites (as opposed to those that specialize in a single big-ticket item, such as a room or car) don’t seem to draw tons of traffic. It’s free to list, so not much downside. But if you’re really serious about wanting to rent out your stuff, consider listing it on several sites (Zilok-$$$ and RentNotBuy-$$$$ also allow general rental listings), including the Big Daddy — Craigslist.
What their lister’s say:
We are actively seeking reviews from people who have listed on this site; so if you have an experience to share, please hit “contact us” and let us know about it.