Do you have a dining table that’s too big for your apartment sitting in storage collecting dust? Or a caravan that’s permanently parked in your driveway and never being used? Enter Releaseit, the perfect solution to help you declutter, earn some extra cash, but still, keep the things you use only a few times a year.
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Releaseit is a new online rental marketplace that is encouraging consumers to buy less and borrow more. But think beyond renting clothes. This one-stop-shop lets you rent everything from furniture to tools, baby goods, a tennis court, property, and even your car.
How does it work?
Think of Releaseit like the eBay of rentals. To get access to the best range of rental items, you can either rent items from members of your community like your peers, neighbours, local businesses, or from existing rental companies.
If you rent from members of your community, the rental agreement will happen on the Releaseit platform (choose your dates, message the owner and pay). But if you click on a product and are redirected to another website, this means you’re renting an item from one of Releaseit’s commercial partners. Thus, the lease will be organised through this rental company and follow their terms and conditions.
Are members of Releaseit verified?
Releaseit has partnered up with Stripe to verify all members before they can successfully list or rent an item. In order to verify your identity, Stripe will ask for a few personal details and request to see some ID (passport or driver’s licence).
How much money can i make?
Setting the price is entirely up to you and can always be modified even after listing. There is no listing fee, however, Releaseit takes a 20% commission fee from each rental transaction.
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