What Else We Can Rent Out?

We want to own anything, we want to own necessities, because with these resources we have the power to give and others may willing to give anything (that we value) in exchange for our resources. Such as the landlord give out room spaces in exchange for the rental fee. Yes, by disowned and sell the property the landlord can get quick cash, but rather, the landlord may be able to get more by letting their spaces over time.

Therefore, we are here to discuss what else carry the same value as properties or real estate? They have some distinct characteristics; their value increases over time, people prefer borrowing them than buy them, and they are part of the human basic of needs.

We may need to be lenient here, some other assets may decrease in value but they can generate income over time and can even cover the initial investment. For example, with the gig economy era, technology enables people to commute by car-pooling with strangers’ cars. A driver can generate income in exchange for sending the passengers to destinations. Over time driver can pay off their vehicle loan while still having money left for other necessities.

And later, using the same e-hailing case, when a driver has collected tonnes of savings, he can make a loan to buy few more cars and start a car rental company. This is by exchanging travellers especially tourists to have vehicles to drive around with rental fees by hours.

Hence, with this incredible proving business model, we should not limit rental income from properties only. We can also let people borrow our time to teach them about the topics that we have expertise in. Our expertise can’t be transferrable bought over but only can be learned over time, if certain expertise is scarce, this will increase the tutoring value. Besides, expertise and knowledge are the lowest cost of investment but may be time-consuming to prepare and be an expert. However, expertises are like wine, if they are still relevant, people will want the older wines or in other words, the one that has the most experience will be valued the most. Subscription is the solution to expand the business and still be able to keep control of the intellectual properties.

Not stopping there, we can even create values and let them out in exchange for fees. Value can be a physical form or a service. Hence, this discussion today is to not limit us to thinking of only properties that will be the rental income source.