Stache helps you rent out your spare storage space.

Expected pay: You set it

Husl$core: $$$$

Commissions and fees: 5% paid by hosts; 10% paid by renters

Where: 42 states, including California, Arizona, Texas, New York, New Jersey, Illinois and Georgia.

Requirements: 18 or older, have space and the ability to take good photos of it, inside and out.

Stache Review:

Got extra space? An unused parking space or open shelving in your garage or attic? Stache can help you rent it out to people who have more stuff than space. The site maintains that both renter and host benefit. The host earns money with very little effort; the renter usually gets a bargain price for storage. While you officially set your rental rates, Stache suggests that you list space at a 25% to 33% discount from similar space listed elsewhere.

Hosts pay a 5% commission when the site finds them a willing renter. The renter also pays a fee. Host are asked to respond to rental requests within 72 hours; and to rental access requests — when a renter wants access to their stored belongings — within 48 hours. 

What we like

Stache automatically covers the host with a $1 million liability policy. The coverage is secondary to your own homeowner’s coverage. But your own coverage may be useless because injuries related to a commercial arrangement (like renting your garage) are often excluded under personal homeowners policies. Stache also automatically covers renters for some property losses and allows them to buy additional coverage, if the goods they’re storing are expensive.

That should protect the host from any loss that didn’t stem from negligence. 

Also, where competitor Neighbor, can levy fines if the host wants to cancel a storage agreement, Stache simply demands a four-week notice for terminating deals.

Recommendations

If you have extra storage space, we think Stache is a good place to list its availability. If you have other things you might be willing to rent, from sporting equipment to a parking space, you may also want to check out our blog post on Ways to Generate Passive Income.