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5 Things You Can Rent Rather Than Buy

To rent or not to rent: There is no question

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payout_handing_over_money_630_flickrIf you have a hot commodity — say, a snowblower — the neighborly thing to do when cars for miles around are snowbound would be to lend it out.

But the smart thing would be to charge your neighbors for the privilege.

Rentything and Rentalic (a startup currently in the funding phase) are two services that offer peer-to-peer rentals. You can rent (or collect income if you own) anything: wetsuits, cordless drills and parking spaces are just a few to give you an idea of the variety.

You can see how this would be useful for projects where you don’t want to invest in equipment you’ll use just once or twice. And most prices are quite reasonable — just $5 per day for the wetsuit.

Just make sure you disinfect that thing before putting it on.

As of this writing, Carla Lake did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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