There’s a high demand for storage units in a lot of places, and that creates an opportunity for entrepreneurs like yourself to start a low-maintenance business. You may be able to make an extra $10,000 – $20,000+ per year by simply renting out your RV or camper.Īlmost every town has at least one self-storage business where people can rent storage units. RVshare is a popular peer-to-peer rental platform for RVs and campers. RVs have significant rental value, and by simply renting out your RV occasionally, you can make a nice side income. Most people who own RVs only use them a small percentage of the time, and the RV sits unused most of the year. The rental business idea with the highest income opportunity is to rent out an RV or camper if you own one. While there are a lot of things that you can rent out (see my article 30 Things You Can Rent Out for Extra Money), some will give you higher income potential than others. RentalsĪnother of the best low-maintenance businesses is to rent something out. It’s possible that you’ll be able to grow your passive income by owning several locations. If you have one successful location, you could open up another laundromat across town or in another nearby area. This is also the type of business that can be easily duplicated. To run a laundromat, you’ll need to rent the space (usually in retail strip malls), get commercial coin-operated washers and dryers, and have a functioning change machine. A self-serve laundromat could be a great option because many operate with very little involvement from the owner, and often the business will operate with no employees present.Ĭustomers are able to use the washers and dryers on their own with no need for staff to be there, although some owners choose to have an employee on-site for safety reasons and to help protect the equipment. When it comes to low-maintenance business ideas, running a laundromat is usually one of the first types of businesses mentioned. If you’re looking for low-maintenance business ideas, hopefully, the options covered here will give you some possibilities. However, you’ll still need to oversee the operation and put in some time and effort, even if it’s not constant effort like most other business models. You can run most of these businesses with minimal involvement from the owner. As the business owner, you’ll need to be involved to some degree. While these low-maintenance businesses are often considered to be sources of passive income, they are not 100% passive. These businesses are usually side hustles that generate extra money as opposed to being a primary source of income, but with these income-producing assets, there are possibilities for scaling up. Starting or buying a low-maintenance business is one option for generating passive income. It’s easy to see why most people would love to make money with minimal effort, but finding practical and realistic ways to do it can be a significant obstacle. One of the most popular topics in the world of personal finance is passive income.
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