30 Passive Income Ideas You Can Use to Build Real Wealth

#11 Rent Your Car Or Parking Space

If you live in the city and have your own car or parking space, you can rent them both out for a steady stream of passive income.

Renting out your car might make you hesitant, and that’s okay. You don’t have to. Just choose another option on this list.

But for those of you who aren’t, you can rent out your car to people who do ridesharing services like Uber or DoorDash and make money off of them doing the work.

If you don’t own a car, but you have your own parking space, you can rent it out to someone and make money without investing anything of your own.

In downtown areas where parking is a mess, you can rent out your spot to a neighbor or even a business professional and make passive income with low risk.