MILLIONS of Americans have turned to side hustles to earn extra cash amid the cost of living crisis.
Entrepreneurial couples quit their jobs to pursue their full-time hustles while others raked in thousands of dollars renting out features like their backyard pool.
And, the owners offered their classes to dog owners who might be concerned about the safety of their pets in busy city parks.
HOUSE IN AIRBNB
Lauren and Chris Krieger bought their first cabin in Vermont for $25,000 in 2017, years before they decided to change careers and start a growing real estate business.
They decided to buy the house at a time when Airbnb didn’t really exist in the state.
They rented the secluded home on Airbnb to cover their mortgage, Insider reported.
In 2018 they brought in $62,000 in revenue and last year they made over $100,000.
Chris and Lauren then decided to quit their careers in finance and marketing so they could pursue the side business full time.
Lauren told Insider: “One of our original goals was to get into real estate, really sick of the business.”
But she warned that the property market has become more competitive and new challenges have arisen because of the pandemic.
Lauren said: “The real estate market is brutal. A lot of people want to do what we did.
Jim Battan, from Oregon, built his backyard pool in 2012 and uses the online platform Swimply to rent it out to swimmers.
He told CNBC he made $177,000 in less than two years.
It costs $63 an hour for up to five people to rent the pool during the week and up to $79 on weekends, according to its Swimply page.
There is an additional $10 per hour per person after five people.
Battan takes her livelihood very seriously because there are costs attached to it.
It has spent over $110,000 building it and over $35,000 maintaining it over the past decade.
Battan and his wife Lisa spend about 12-14 hours a week cleaning the pool, managing reservations and testing chemicals in the water.
He cautioned that those considering pursuing a similar side business should take the time to learn about pool chemistry and management.
Restaurant owner Lisa Schroeder also uses Swimply and started renting out her pool after her restaurant was forced to close during the Covid pandemic.
She told ABC27 her husband Rob was hesitant to rent the pool to strangers.
But, he admitted: “In six months, the pool made more money than I made in a year in my previous job.
DOGS IN THE YARD
Owner Robyn Heller from California has revealed she makes up to $300 a month renting out her yard to dog owners.
She uses the SniffSpot app, a tool owners can use if they’re concerned about the safety of their pets in a public park.
Heller first discovered the website about three years ago when a friend brought her dog to her home in Oakland, according to SFGate.
She rents out her yard about 10 times a week and charges $10 per dog per hour, or up to $300 per month.
Dogs can roam freely in its yard while their owners sit and relax on the chairs provided for them.
Hosts can rent storage space using sites such as StoreAtMyHouse.
The platform has been dubbed the Airbnb of self-storage.
Storage units can cost between $150 and $500 per month and tenants can save around 50% using the platform.
Homeowners could earn between $300 and $3,000 a year depending on storage area size and location, according to WTOP.
Motorists may feel uncomfortable parking on the street and want to look for a garage space.
Renting your garage can be particularly attractive when there is a big sporting event and parking near stadiums is expensive.
If you’re considering renting garage space, apps like Neighbor can be your first port of call.
You are in control when deciding when you want tenants to use the space.
Plus, payments are automatically deposited into your bank account each month.