An innovative platform that lets you “Airbnb” every single thing you own is launching in Suffolk.
RentMy is now welcoming listings from people in Ipswich and the surrounding areas. The RentMy platform allows people to rent out their assets and make money from the things they own, making often idle or hardly used items profitable while others benefit from them.
People across Suffolk will be able to pocket cash for lending out items such as paddleboards, kayaks, baking items and gardening equipment.
RentMy was created by entrepreneur Tom West, who also runs The Lord Nelson in Ipswich, the award-winning Red Lion pub in Manningtree, Essex, and The Marlborough Head, Dedham, Essex.
It is set to be rolled out across the whole of the UK over the next six months, with no limit on the number of items or categories for listings – making it possible for people to rent anything, from anyone, anywhere.
All rentals are protected by RentMy’s Owner Guarantee, in case of damage, loss or theft. RentMy is also working with a global insurer to develop a custom solution for marketplace insurance, to make it even safer for its users.
Tom said: “We offer a full owner guarantee so you can rent items with confidence, knowing if a problem occurred and it wasn’t able to be resolved between the owner and the renter, RentMy would cover the losses.
“Our aim here is to make this an easy – and profitable – way for people to use the items they have to make money and to encourage others to adopt more of a ‘try before they buy’ attitude to new hobbies such as baking, gardening, new sports and adventure weekends.
“It allows people to experience more without the associated costs. The additional environmental and social impact will be huge, bringing communities together while reducing carbon emissions. It also ties into the concept of the sharing economy which is absolutely at the heart of what we stand for.”
On the RentMy board is Juliet Eccleston, who is also chair of the Sharing Economy UK Council.
She said: “Fundamentally, sharing is about better utilisation of resources. The sharing economy enables people to trade skills, space, and stuff. Sharing economy businesses use technology to empower people to utilise resources and reduce waste.”
Tom added: “As we’ve seen recently in Charlotte Morley’s successful pitch to Dragon’s Den, the sharing and circular economies are really being noticed. Steven Bartlett even summed up our global economic future explaining that innovative sharing ‘is inevitable’.”
For more information on RentMy visit www.rentmy.com
