If you have a large garage, you can make money by renting out the space to people who need it. For example, if your garage has enough space for two cars and you rent out one spot, that could be at least $50 per month in your pocket. If you’re interested in making money from car storage, then check out some of these options.
Companies like Spacer make it easy for you to rent your unused space – no need to worry about how you’ll find customers when using a site like this. They have loads of users just waiting for a space like yours to keep their car safe and secure!
If you have a large garage, you can rent out space
If you have a large garage, it could be a great way to make some cash. It’s not as complicated as it sounds. You can store cars for people in need of extra space, and you will be paid for the service.
You can rent out space in your garage to people who need it and charge them per month by the square foot, per car or based on where you are located. You can also charge extra if the person wants anything done to their vehicle while you’re storing it.
To sell your extra space as a car storage facility, you will need to provide your clients with:
- A location where they can store their vehicle(s) safely and securely
- Access to the garage when they want to retrieve their vehicle(s) from storage
You should also let them know what kind of payment options are available for them. For example, you may be able to charge a fee each day or per month depending on how long they would like to keep their car in your garage. You might also be able to charge a flat rate per car or even per hour – it’s really up to you and how fixed or flexible you want to be when renting out your space.
The more specialized your storage is, the more money it can make
If you have space for a lot of cars and you only store cars, then it’s likely that your business will be successful. However, if you have some space for cars and some space for other things like furniture or appliances (or even just extra storage), you could offer this service too.
The benefit of renting out space on your own property is that it’s completely up to you how and when you do it. If you want to store a few cars all year round, that’s fine. If you only want to rent your space short-term when you’re on vacation, that’s fine too!
Considerations when renting out a car storage space
If you’re going to get into the business of storing cars, it’s important that you make sure your facility is specialized and marketed toward a specific type of customer.
For example, if you have an indoor parking lot with an automatic door system and security cameras installed, then it will be best suited for people who want to store their luxury cars there overnight. On the other side of that coin, if your business specializes in outdoor car storage (with little or no security), then customers who need cheap vehicle storage solutions will be more likely to come through your doors.
What kind of vehicles can I store?
You can offer indoor and outdoor storage for all types of vehicles; car storage, truck storage, RV storage, motorcycle storage, and even boat storage are all possibilities, depending on your space.
However, you might want to gather some information from your customers before offering to store their vehicles:
- Is the vehicle drivable? If not, is it safe?
- What condition is the vehicle in?
- Is there anything wrong with the car? Is it going to cost you more money than it’s worth to repair it?
- How long do you want to keep the car?
How does a car storage service work?
It’s pretty simple really. If you use a service, you’ll first have to provide some basic details about the space you are going to rent out. Things like where it is, whether it’s secure, and how big it is are all likely to be asked of you.
Once you’ve decided how much to charge (more on that below) and found a customer to rent to, you just need to sit back and relax as the profits roll in! You’ll earn a passive income from doing very little and it’s easy to get paid.
When the vehicle is on your property, you don’t have to do much really. You might want to set up some basic security, which can increase the value of your space, but otherwise you’ll have very little interaction with your customer or their vehicle.
How much does it cost?
The cost of using a car storage service depends on the size of your vehicle and the length of time you need it stored. You can charge per day, while others charge by the week or month. The average cost per month is around $100-$500, depending on where you live in the country.
If you are looking to make some money from your car storage facility, there are many ways to do it. The easiest way is to rent out space, but if you have a specialized business model or service, then there are other options out there too.
You just need to know where and how much demand exists for this type of service before starting up any kind of business so that there will be enough customers for everyone who wants in on the action.