When it comes to starting your own business, you may be unsure of what type of business to start or if you’re doing everything right. Starting your own rental business can be an excellent way to gain the experience and skills needed in order to build up to launching your own startup later on down the road. The following list of rental business ideas can get you started with small-scale ventures that will help prepare you for the large-scale businesses that are likely to come in the future. Here are ten of the best rental business ideas from which you can choose from
1) Rent out an extra room in your house
If you’re looking for a way to make a little extra money, one of the best ways is to rent out an extra room in your house. In this post, we’ll walk you through how renting out a room can be a great side hustle idea and how it might be the perfect fit for your family.
For example, let’s say that you and your spouse work full-time jobs but need some income coming in.
2) Rent out your driveway
If you live in a city, your driveway may be one of the most unused parts of your property. Why not rent it out? For example, if you’ve got a garage or parking spot next to your house, you could rent that out for extra money. But if you don’t have a driveway next to your house and are still looking for business ideas, consider renting out any part of your property that is underutilized.
3) Offer pet-sitting services
Working with animals is a great way for people who love pets but don’t want one of their own the chance to care for them on a daily basis. Plus, it’s an excellent supplemental income idea as pet owners often need someone willing and available to take care of their pets when they are out of town.
4) Be a party rental service
One of the most fun businesses you can create is a party rental service. All you need is some basic equipment like tables, chairs, and linens and you’re off! Of course, it’s a good idea to specialize in one type of event so that you have time to plan for your customer’s needs. And if you think this idea sounds too cheesy, just wait until your first event when everyone tells you how great the party was and how much money they saved by not having to buy their own supplies.
5) Offer event planning services
Event planning is a huge part of any business, whether it be your own or if you’re a professional event planner. It’s important that you take the time to do your research and figure out what type of events would be best for your services. If you don’t have formal training in event planning, it might be worth taking some courses in this field so that you can learn everything from start to finish.
6) Provide vacation rental services
Vacation rentals are a great way of earning money from something you own. It is generally easier than starting a business from scratch, but it does require some work in order to get your property rented out.
You’ll need to advertise your property, show the home and meet with potential renters. The process may seem like a lot of work at first, but once you get the ball rolling it will be much easier to keep it going.
7) Offer furniture rental services
Furniture rental is a service that gives customers the ability to rent furniture for their home instead of purchasing it outright. The items are then picked up and delivered by the company when it’s time for them to be returned.
If you’re not sure what you need for your home, this is a great way to test out different pieces before committing. It can also be a good idea if you’re moving and don’t want all of your furniture damaged during transport.
8) Be a bicycle rental service
Bike rental services are a great idea for people who want to use an alternate mode of transportation. There are no monthly fees and the bicycles can be rented on a daily or weekly basis. Another bonus is that you don’t need any special equipment or training, as the bikes come with everything you need right out of the box.
To get started, you’ll need some capital and a safe place where you can store your bicycles while they’re not being used.
9) Provide golf cart rentals
If you live in an area with a lot of golf courses, then renting out golf carts might be a good idea. Golf carts are rented out by the hour or day and can be customized to fit your clientele’s needs. There are many other types of rentals as well, like party rentals, which can include tables and chairs for weddings or large parties, tents for outdoor events and more.
10) Offer boat rentals
Boat rental can be a great business for anyone with the right type of property. If you live near a body of water, all you need is the space for guests and the dock and you are set. The best part about this type of business is that there is no limit on how much you can charge because it’s all based on how much people are willing to pay.