Posted Aug 30, 2012

Surviving Your Rent: Five Ways To Generate Supplemental Income

Benjamin Franklin once said that nothing is certain in life except for death and taxes. The 2012 SF version of that quote goes, “nothing is certain in life except for death, taxes, and high rent prices that aren’t going anywhere.” In light of that sobering truth and the fact that you are most likely taking home very little of your paycheck after taxes and rent, I’ve gathered up a few relatively painless (and possibly fun) ways to generate extra cash.

#1. Sign Up to be a SideCar Driver

Sidecar is uber meets ride sharing. Riders input their pickup location and request a ride after being told how far away the nearest driver is located. Drivers are able to accept or reject riders based on their desired drop off locations. You can sign up here to give rides to technologically savvy, car-less community members, and be paid instantly via your cell phone. I personally use Sidecar regularly, and once asked a sidecar driver if he ever felt nervous about picking up random strangers. He replied that the fact that the transaction required a smartphone weeded out a lot of “the ruckus” in terms of passengers. Touché.

#2. Earn Cash For Your Old Clothes At Crossroads Trading Co.

It should not come as a surprise if the studio apartment you’re paying over a grand for has the tiniest closet known to man. Thus it can never hurt to free up some closet space. A great way to do this (and earn cash at the same time) is to hit up Crossroads Trading Co. With four locations in San Francisco you shouldn’t have to carry that massive bag of clothes for too long. In exchange for your goods, Crossroads offers you the choice between 35% of the sale prices they’ll assign your clothes, or 50% store credit.

#3. Rent Out Your Car With Getaround

Here’s a wild concept: let other people use your car when you aren’t using it, and get extremely discounted parking in the city. With Getaround you set your own rates, and the company insures your car against damage, liability, etc. Getaround found its way into this article after a LiveLovely team member recently met with the company and signed up to rent out his car for the service (aka finally came to terms with the fact that SAN FRANCISCO>OAKLAND).

#4. Become a Taskrabbit

Taskrabbit is the 21st century answer to personal assistants. Fill out an application to become a taskrabbit, after which you will be able to pick and choose from a wide variety of tasks in exchange for cold hard cash. Just imagine, you can get paid to complete tasks you might even enjoy, and get to know members of your community at the same time. One of LiveLovely’s own is using taskrabbit to tame her unruly closet this weekend. You never know who’s task you could be responding to!

#5. Rent Out Your Home With Airbnb

Carrying out short term rentals of your home can be profitable and fun. Before you hop on the bandwagon, be sure to check with your property manager and landlord, to ensure that you are not violating the terms of your lease. If you get the go ahead, create an account with some snazzy info about yourself,  list your property with some high quality photos, and wait for the requests to come in. This is a great way to make cash with very little effort on your part.

So there you have it, five ways to earn some extra cash to put towards your rent, and maybe make a few new friends in San Francisco at the same time. By figuring out smart ways to supplement your rent, surviving in San Francisco will be that much easier.

PS. This blog post was precipitated by a conversation a certain Lovely marketing intern had with a SideCar driver who explained that his sole source of income was a combination of engaging with SideCar, Airbnb, and Taskrabbit. So yes, it is in fact, possible.

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Comments

3 responses to “Surviving Your Rent: Five Ways To Generate Supplemental Income”

  1. dopios says:

    Great ideas! Also few other ones is Skillshare (www.skillshare.com) where you can teach what you know best and Gobble (ww.gobble.com) where you can cook for others! If you also want to show your own perspective of SF to people visiting the city, you can do that through Dopios (www.dopios.com – we are opening SF really soon!) and earn few extra dollars to fuel your passions!

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