[credit provider=”Mandi Woodruff”]
If you’ve rented out your apartment to backpackers, flipped your furniture on Craigslist, ditched your car for the city bus and still could use some extra cash, consider this: Spinlister just hit the peer-to-peer rental market, offering consumers the chance to rent out their bicycles to just about anyone for a fee they can choose themselves.
Depending on the condition of your ride, you could pocket up to $50 a day.
Like many peer-to-peer rental sites, Spinlister users a system of reviews to clue users into the reliability of a potential renter. According to the site, it also keeps credit cards on file so any misconduct can be further investigated. Renters are also expected to pay for any damages or repairs needed on the road, including theft.
Company founder Will Dennis told Fastcoexist they expect to launch soon and have their sights set on areas of California, New York and Portland. Eventually, they’ll roll out the platform overseas, Dennis said.
“Being able to make a few extra dollars off your bike when you’re not riding it is pretty appealing,” he told the site. “Being able to pay your utilities or take your girlfriend out to dinner just for renting out your bike is something that people can connect with.”
With the wild success of public bike rental programs in cities across the U.S. (New York City will launch a 6,000-bike program in the spring), Spinlister will undoubtedly tap into the market for travellers looking for more flexible alternatives. Bike shares are mostly intended for shorter rides of about half an hour.
Hey, it’s one way to save your life.