Don’t Buy it! Rent it!

We’ve mentioned in earlier blogs about sharing tools and other items with friends and neighbors so you don’t have to spend money accumulating a lot of things that you only use occasionally. At least two websites help you connect with people in your area who might be interested in exchanges. They are both set up with the idea that you will charge or be charged a rental fee for the items you share.

Rentalic.com doesn’t charge anything to list an item, or to the person renting it. However, the person who owns the item to be rented is charged a 5% fee once they actually rent the item to an individual. Payments are made through Paypal.

SnapGoods.com charges the person who rents an item 50 cents plus 7% of the reservation fee. Payments can be made with a credit card on the website when you make the reservation, or you can elect to pay the renter directly with cash.

Both of these websites offer some protection for damaged items with security deposits if desired, as well as advice on protecting yourself from unscrupulous customers. Nevertheless, as with any dealings with people you don’t know, use caution and common sense.