625: Getting Paid to Rent Out Other People’s Stuff

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 22 August 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever thought about renting out other people's stuff for profit? That's exactly what Garr Russell from firesidervrental.com did with RVs (recreational vehicles), and he's turned it into a thriving business. Could you do the same thing? Could you apply this idea to a different niche? I think there are some valuable lessons here for aspiring side hustlers in any niche. Tune in to Episode 625 of the Side Hustle Show to learn: how to profit from renting out other people's RVs the numbers behind a successful RV rental business creative ways to boost income with add-on services strategies for scaling to a nationwide operation Full Show Notes: Getting Paid to Rent Out Other People’s Stuff New to the Show? Get your personalized money-making playlist here! Sponsors: Ladder – Get instantly approved for term life insurance—no doctors, no needles, no paperwork! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!

Transcript

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0:00.0	Getting paid to rent out other people's stuff? It's true. What's up? What's up, Nick Loper here?
0:06.0	Welcome to the Science Hustle Show, part of the entrepreneur podcast network, because you're earning power doesn't have to stop when your day job does. Now, you know why I love a... because your
0:15.0	earning power doesn't have to stop when your day job does.
0:16.0	You know why I love a rental business model. It's one of the four types of passive income,
0:19.0	you can quiz your friends, what the other three are.
0:21.0	I'll feel those in at the end of the show.
0:22.0	But today's guest
0:23.6	scaled his rental business in a unique way.
0:26.4	By renting out other people's RV's with their permission, of course,
0:31.0	could you do the same thing? Could you apply the same idea in a different niche?
0:35.4	Let's stick around to find out from fireside RV rental.
0:39.3	com, Gar Russell.
0:41.1	Welcome to the Side Hustle Show.
0:42.8	Hey Nick, thanks for having me, excited to be here with you.
0:45.2	Well, I'm excited for this one. We're covering how Gar convinced other owners to trust him with their
0:49.6	RVs. That's a big step, the logistics of running this thing and the bumps in the
0:54.2	road along the way. I want to start off with you have this idea like it's going to be
0:58.8	a fantastic birthday present for your lovely bride or an anniversary present rather.
1:04.0	And hey honey, we got this RV, let's go,
1:06.0	we're going to have all these fun times in the woods
1:08.0	imagining the years of outdoor fun and adventure
1:11.0	ahead of you, and her reaction is not quite what you're hoping it will be.
	...

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