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Rent Out Your Posessions To Make Money With Vrumi

This new company helps you to make money by allowing you to rent your things.

By Jeff Vasishta October 8, 2016
Photo courtesy of Vrumi

How does the idea of money for doing absolutely nothing grab you? Oh, thought that might get your attention. Well, your dream job might be closer than you think. Airbnb ushered in the idea of utilizing your home for money. Now sites like Peerspace, Vrumi and others have taken things to the next level. You can rent out your living room to independent businesses — a yoga class, meeting place, therapy sessions etc. — all while you sit in another room watching TV or reading a book.

Related: Hendrix, Jonas Or Elizabeth Taylor? Rent Your Next Vacation Home From The Stars

“We built this marketplace with the intention of lighting up all the dark space in our cities,” Peerspace co-founder, Rony Chammas told GeekWire. “A lot of these spaces are amazing locations that you wouldn’t have known are in existence and open to rent. But through Peerspace, we made that possible.”

Chammas noted that Peerspace’s main competition are venues like hotel conference rooms and ballrooms.

“If you’ve ever been to one of those conferences in the basement of a big hotel chain, you know it’s a place where you can’t wait to get out of there,” Chammas added. “The major difference with Peerspace is that our guests are really looking forward to get to the space and stay there.”

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Photo courtesy of Peerspace

The good part is, like Airbnb, when the work day is over, or the time booked elapsed, you get your space back. It’s a double win. You get to make money from a room in your house or business that would otherwise be empty during the day AND you generally don’t have to make yourself completely scarce. Whatever will they think of next? The garden shed, your parking space? Hey, come to my house and take a shower. Don’t laugh. It’s already here. If Peerspace makes use of art galleries, lofts and cool commercial spaces, Vrumi, in the UK, is a far more DIY/organic affair. They really can make use of your garden shed, according to their site, for £5/hour.

“The most important thing about Airbnb is the peer feedback,” says Vrumi co-founder William Sieghart, who sold his own contract publishing company for a rumored £47 million ($65 million) in 2002 and went on to launch the Forward Poetry Prizes and National Poetry Day in the U.K. He said, “I think feedback will be vital for us in establishing that users or use are appropriate. But I also think it’s far more attractive to rent to someone in the daytime rather than them using your bed.”

The immediate appeal of Vrumi is that anyone can use it for almost any need, from the aforementioned garden shed to a bathroom in Notting Hill and a study nearby.

“The idea of generating income out of something you’ve already got has become very desirable since Airbnb came around,” explained Vrumi co-founder Roddy Campbell to the BBC. “Meanwhile the nature of employment is fragmenting … You don’t need stock paper or filing cabinets anymore; you can just pick up your laptop and move around knowing that all of your documents are in the cloud.”

Of course there are potential downsides. Will the massage sessions in your living room get a bit touchier than the masseuse indicated? What exactly are the “herbal remedies” being touted by the “holistic practitioner”? How would your neighbors take to the idea of a bunch of strangers traipsing in and out of your house every day? If you’re OK with all that and are tired of the rat race, it’s time to start milking that cash cow your call your home.

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

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