Alert
Close

Introducing AARP RealPad: The Wi-Fi Tablet That Makes It Easy to Share, Learn, Connect and Play. Learn more

Highlights

Open

10,000 Games Galore Sweepstakes from AARP

AARP Auto Buying Program

Contests and
Sweeps

$10,000 Games Galore Sweepstakes

Sept. 3, 2014 - Oct. 14, 2014
Play AARP Games for a chance to win $10,000!
See official rules. 

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

Nothing has been viewed

Ask Sid

Earn Money With Short-Term Rentals

New websites connect local owners and borrowers to all sorts of personal items

If you have a power drill or chain saw you rarely use, you may be able to find someone who’d like to rent or borrow it. Several new peer-to-peer websites connect local owners and borrowers — allowing you to earn extra money from short-term rental of all sorts of items (from tools to camping equipment) while allowing others to save by not having to buy stuff they need for one-time or occasional use.

Zilok, Rentalic and SnapGoods are among the largest — serving as listing, reservation and payment portals (made via the borrower’s PayPal account or a credit card). These websites provide a contract, which usually includes a security deposit to ensure that merchandise is returned without damage.

Listings of items for rent, or items that someone needs to rent, are free. The renter is charged a commission of up to 10 percent of the rental price once the transaction is complete.

Income from occasional rentals — like that from yard sales — sometimes do not count as taxable income but when such ventures become a recurring business, the income generated may be considered taxable. You should consult a tax professional.

Similar websites that focus on local borrowing of items — but also include rental listings — include Share Some Sugar, which currently is free for both parties to use, and NeighborGoods, where group memberships cost $6 to $10 per month, depending on the duration.

Also of interest: Smart shopping at yard sales and thrift stores.

Sid Kirchheimer writes about consumer issues.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Related Video

Tell Us WhatYou Think

Please leave your comment below.

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Life insurance: you are covered rain or shine

Exclusive annuities for members from AARP Lifetime Income Program from New York Life.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Homeowners Insurance
Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.