Brief Description
If you own a car, camera, or expensive equipment that you don’t use all the time, you can turn it into a money-making asset. The peer-to-peer (P2P) rental economy has grown significantly, allowing individuals to rent out their vehicles, photography gear, tools, and other equipment to people who need them—without selling them.
In this guide, you’ll learn how to make money renting out your car, camera, or other equipment, the best platforms to use, and important tips to maximize your income while minimizing risks.
1️⃣ Renting Out Your Car for Extra Income
If you have a car that sits idle for hours or days, you can rent it out and earn passive income. People often rent cars for business trips, vacations, or just for short-term use instead of buying one.
How Much Can You Make?
✅ On platforms like Turo, car owners earn $500 – $1,500 per month, depending on the car type and rental frequency.
✅ High-end luxury cars can fetch $100+ per day, while economy cars average $30 – $60 per day.
Best Platforms to Rent Out Your Car
✅ Turo – The most popular peer-to-peer car rental platform.
✅ Getaround – Allows people to rent your car by the hour or day.
✅ HyreCar – Best for renting to Uber/Lyft drivers.
✅ Avail – A hassle-free rental service that handles insurance and maintenance.
Tips for Maximizing Income
✔️ Choose a reliable car – Fuel-efficient and mid-sized cars rent out more frequently.
✔️ Keep your car clean – A well-maintained vehicle attracts better reviews and repeat renters.
✔️ Use a keyless entry system – Platforms like Getaround offer remote access features for convenience.
✔️ Offer extras – Providing add-ons like child seats, GPS, or ski racks can boost your earnings.
Example: A side hustler lists their 2019 Toyota Corolla on Turo, making an extra $800/month while still using it on weekends.
2️⃣ Renting Out Your Camera & Photography Equipment
If you own cameras, lenses, drones, or filmmaking gear, you can rent them out to photographers, videographers, or content creators who need them for short-term projects.
How Much Can You Make?
✅ DSLR cameras rent for $30 – $100 per day.
✅ High-end camera lenses can fetch $25 – $200 per day.
✅ Drones (like DJI Mavic Pro) rent for $50 – $150 per day.
✅ Lighting and tripods can earn an extra $10 – $50 per day.
Best Platforms to Rent Out Photography Gear
✅ ShareGrid – The largest rental marketplace for photographers & filmmakers.
✅ KitSplit – Offers insurance and easy rental management.
✅ Fat Llama – Peer-to-peer rental marketplace for all types of equipment.
✅ Wedio – Best for renting out professional video production gear.
Tips for Maximizing Income
✔️ Bundle your gear – Renting a full kit (camera + lens + tripod) attracts more clients.
✔️ Offer flexible pickup & drop-off – Convenience increases rental bookings.
✔️ Set competitive pricing – Research similar listings in your area to price accordingly.
✔️ Require security deposits – Protect yourself from damage or theft.
Example: A filmmaker rents out their Canon EOS R5 + lens kit on ShareGrid, making $1,200/month from weekend rentals alone.
3️⃣ Renting Out Other Equipment for Passive Income
Beyond cars and cameras, you can rent out power tools, gaming consoles, musical instruments, sports equipment, and more.
Best Equipment to Rent Out
✅ Power tools – Drills, saws, welding machines, and generators.
✅ DJ and music gear – Speakers, microphones, DJ controllers.
✅ Drones – Used for filmmaking, real estate, and event coverage.
✅ Gaming consoles – PlayStation 5, Xbox Series X, and VR headsets.
✅ Home fitness equipment – Treadmills, exercise bikes, and rowing machines.
How Much Can You Make?
✅ Power tools can earn $20 – $80 per day.
✅ High-end DJ equipment can bring in $100 – $500 per event.
✅ Drones for professional use rent out for $100 – $300 per day.
✅ Gaming consoles fetch $30 – $80 per day, depending on demand.
Best Platforms to Rent Out Equipment
✅ Fat Llama – Best for renting out all types of gear.
✅ Loanables – Great for renting tools, party equipment, and electronics.
✅ Boris FX Rentals – For high-end camera and film production gear.
✅ Zilok – A general rental marketplace for various equipment.
Tips for Maximizing Income
✔️ List in high-demand areas – Urban locations tend to have more renters.
✔️ Take high-quality photos – Professional-looking listings attract more customers.
✔️ Offer package deals – Example: Rent a gaming console with multiple controllers for an extra fee.
✔️ Check renter’s credentials – Always verify identity before handing over expensive gear.
Example: A drone owner rents out their DJI Phantom 4 Pro on Fat Llama, making $2,500/month renting to filmmakers.
4️⃣ How to Protect Yourself from Losses & Damages
Renting out valuable assets comes with risks like theft, damage, or misuse. Here’s how to protect yourself and minimize losses:
✅ Use platforms that offer insurance – Turo, ShareGrid, and Fat Llama provide rental insurance.
✅ Require a security deposit – This adds a layer of protection against damage.
✅ Screen renters properly – Check reviews and require ID verification.
✅ Use rental agreements – A written contract outlines terms, responsibilities, and penalties.
✅ Track GPS for cars – Install GPS tracking devices for peace of mind.
5️⃣ Scaling Up: Turn It into a Full Business
Once you start making money, you can scale up and turn rentals into a full-fledged business.
How to Scale Your Rental Business:
✔️ Buy more assets – Invest in extra cars, cameras, or equipment.
✔️ Offer premium add-ons – Extra accessories = higher rental fees.
✔️ Partner with local businesses – Rent gear to event planners, videographers, and DJs.
✔️ Use multiple platforms – List on multiple rental websites for more bookings.
✔️ Automate bookings – Use scheduling software to streamline operations.
Example: A rental business owner starts with one car on Turo, reinvests profits into two more cars, and now makes $5,000/month from multiple rentals.
Final Thoughts: Turn Your Assets into Income
If you own a car, camera, or valuable equipment, why let it sit unused? By renting it out, you can create a steady passive income stream with minimal effort.
💰 Quick Recap – Best Ways to Make Money Renting Assets:
✅ Cars – Rent on Turo, Getaround, or HyreCar.
✅ Cameras & Photography Gear – Use ShareGrid, KitSplit, or Fat Llama.
✅ Power Tools & Equipment – List on Loanables, Zilok, or Fat Llama.
✅ Gaming & Electronics – Rent consoles on Fat Llama or Loanables.
By choosing the right platform, protecting your assets, and scaling strategically, you can turn rentals into a consistent side hustle or even a full-time business. 🚀
