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Nesterly Review 2024 – How Much Can You Make?

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Nesterly Review

nesterly logo

Nesterly is a legitimate and recommended platform that allows homeowners to rent extra spaces in their homes to earn money. You can make up to $1000 per month renting space in your home. Additionally, you will be charged $2.5 on the value of the monthly fee. You will also be charged an upfront marching fee of $100 to $200. Otherwise, Nesterly provides you with an opportunity to make money and earn.

Safe & Legit

Service Fees

Earning Potential

Payout Process

Pros

  • Responsive customer support available 24/7
  • Strict privacy policy to keep you safe
  • Secure payment methods
  • Handle all the paperwork on your behalf.

Cons

  • Only available in Boston and Ohio
  • Does not have a mobile app

Jump to: Full Review

Compare to Other Sites to Rent Stuff

Neighbor

Neighbor logo

Rent garage, driveway, parking lot, basement, bedroom, shed or carport

No listing fees + guaranteed payment monthly even if a renter doesn’t pay

Free coverage for everyone— $1,000,000 for host and $25,000 for renters

FriendWithA

FriendWithA logo

Earn money by renting out your gear with relatively low rental fees – 10%

Average monthly pay – $95 for bike, $145 for camera, $150 for guitar

Personal liability guarantee up to $100,000 and $125,000 property coverage

Air Bnb

Air Bnb logo

Earn approximately $924 per month hosting one of the 30+ million users

Low booking fees – a flat 3% per reservation + free $1M liability insurance

Option to set your prices + get paid quickly by PayPal, Direct Deposit

How Does Nesterly Work?


Founded in 2017, Nesterly is a New York-based online platform that connects hosts and tenants. It helps homeowners, mostly older adults and retirees, rent out extra spaces in their homes for a given period. 

Nesterly allows you to;

  • Rent out extra space in your house for a given period, for example, 30 days. 
  • Earn extra income per month by sharing space in your house. 
  • Create an account for free. 
  • Keep your information ready until you are ready to book. 
  • Choose who to live with. 
  • Come up with house rules for your tenants. 

Nesterly allows you to list; 

  • Extra space in your home
  • Your parking space
  • Car 
  • Pool 

How Much You Can Earn With Nesterly?


You can earn up to $100 per month by renting out extra space in your home. For instance, the more spaces you lease, the more money you will earn. 

Nesterly Reviews: Is Nesterly Legit?


Nesterly is a legitimate and reliable site that matches homeowners to tenants. It has an A rating on the Better Business Bureau

Most users liked the platform’s customer support which promptly responded to issues and concerns. Other users also highlighted that Nesterly handles all the paperwork on your behalf. At the same time, others praised the platform’s strict privacy policy and secure payment method. 

On the downside, some users indicated that Nesterly only operates in Ohio and Boston. With that said, Nesterly is a legitimate and trustworthy platform to rent your stuff. 

WebsiteRating
Better Business BureauA

Who Is Nesterly Best for?


Nesterly is best for older adults or retirees who want to earn extra cash renting out extra spaces in their house. It is also best for individuals looking for affordable places to rent. 

Nesterly Payout Terms and Options


Nesterly releases your earnings every month. The minimum withdrawal limit is $40, and you can request to receive your earnings via direct bank deposit. Your payments might take 2 to 3 working to reflect on your account.

Nesterly Benefits: What Does Nesterly Offer?


Ready Furnished House

Nesterly requires all homeowners to fully furnish their houses before renting out. Therefore when you move in, you will find a fully furnished house. 

Every Cost Taken care of

The amount you pay per month covers utilities and amenities bills. Furthermore, you can negotiate with the homeowner to assist around the home for reduced rent. 

Flexible Arrangements

Nesterly handles all the paperwork. Therefore you don’t have to worry about signing a long lease. 

Safe

Nesterly has put in place strict security measures to prevent fraud from happening. For example, it has a secure payment method that secures all your online transactions and bank details. Additionally, it has a strict privacy policy and does not share your data or information.

24/7 Support

The site has responsive customer support available 24/7 via live chat, email, or phone.  

Nesterly Fees: How Much Does It Cost to Use Nesterly?


Nesterly charges 2.5% on monthly rent for using the platform. You will also be charged $95 to $195 one-time booking, depending on the length of the stay. 

You will only be charged booking fees once a homeshare is confirmed.

Nesterly Requirements?


To list your house on Nesterly, you need to; 

  • Add quality photos to show off your property’s best side. 
  • Be 18 years and above.
  • Accurately fill out your listing profile. 
  • Be able to communicate promptly. 
  • Come up with rules for your house. 

What Are the Nesterly Pros & Cons?


Nesterly Pros

  • Responsive customer support available 24/7.
  • Strict privacy policy to protect your data and information.
  • Secure payment methods that secure all your online transactions. 
  • Handle all the paperwork on your behalf. 

Nesterly Cons

  • Only available in Boston and Ohio. 
  • Does not have a mobile app.

How Good Is Nesterly Support?


Nesterly has a detailed and comprehensive online knowledge base with an FAQ section, articles, blogs, and tutorials. It also has responsive customer support available 24/7 via email, live chat, or phone. 

Moreover, Nesterly also has social forums where users engage, ask questions, and get answers from the Nesterly support team. 

While the minimum booking period on Nesterly is 30 days, homeshare can last for a year or longer.

Nesterly Review Verdict: Is Nesterly Worth It?


Nesterly is a legitimate and recommended platform that allows homeowners to rent out extra space in their homes to earn money. You can expect to earn up to $1000 per month renting out extra space in your home. 

Additionally, you will be charged 2.5% on monthly rent for using the platform and a one-time booking fee of $95 to $195, depending on the length of the stay. While the platform is only available in Ohio and Boston, it offers you an opportunity to make money online and earn. Therefore, it is worth considering. 

How to Sign Up With Nesterly?


  • Visit Nesterly signup page and signup using your email address, LinkedIn, or Facebook account. 
  • Enter your details on the signup form, including full names, state, zip code, date of birth, and gender. Generate a strong password for your account. 
  • Confirm your email address and verify your information. Add additional information such as what you want to do on the site (e.g., want to rent or lease), payment information, and complete your profile details. 
  • Submit your account for approval. Once approved, you will get matches with potential tenants.

Sites Like Nesterly


CompanyNesterlyAirBnBNeighborFriendWithA
Logo nesterly logo air-bnb logo neighbor logo friendwitha logo
Earning potentialUp to $1000Up to $924$50 to $6001000
Service fee2.5%20%4.9%10%
Best forRenting extra spacesRenting propertiesStorage spacesRenting items online

Nesterly vs. Airbnb


Airbnb Summary

  • Over 150 million users worldwide
  • Earn an average of $924 per month
  • Rent out your property whenever you want
  • Quick turnaround time for payouts

Airbnb and Nesterly are legitimate and recommended platforms that allow you to rent your stuff online and earn cash. Like Nesterly, Airbnb is also free to sign up and use. Airbnb is best for renting properties online compared to Nesterly, which is best for renting extra spaces in your home online. 

While Airbnb earning potential is up to $924 per month, Nesterly’s monthly earning potential is $1000. As for service fees, Nesterly charges 2.5% fees compared to Airbnb, whose monthly fee is 20%. Additionally, Nesterly is only available in Ohio and Boston, while Airbnb operates worldwide. 

Nesterly vs. Neighbor


Neighbor Summary

  • Earn up to $600 per month renting a garage
  • 48 hours to screen potential renters
  • Get 1 payment at the end of each month
  • $1 million free coverage for hosts

Regarding services fee, Neighbor service is 4.9% compared to Nesterly’s service of 2.5%. Both sites have user-friendly websites that is easy to navigate. Like Nesterly, Neighbor is also free to sign up and use. Nesterly is best for renting out extra spaces online compared to Neighbor, which is best for leasing storage spaces. 

In terms of potential earnings, Neighbor’s potential earnings is between $50 to $600 per month compared to Nesterly, whose monthly earning potential is up to $1000. With Neighbor, you are assured of getting paid per month even if your rental doesn’t pay compared to Nesterly, which only pays you when your property is rented out. 

Nesterly vs. FriendWithA


FriendWithA Summary

  • Outstanding 24/7 customer service
  • $10,000 damage protection insurance
  • Relatively low fees of 10% per rental
  • Earn up to $1000 per month from rentals

Like Nesterly, FriendWithA’s potential earnings is up to $1000. Unlike Nesterly, FriendWithA has a referral program that lets you earn $20 for every friend you invite to use the platform. While FriendWithA’s main focus is renting items online, Nesterly is best for renting extra spaces online. 

As for service fees, Nesterly service fee is 2.5% compared to FriendWithA, whose service is 10%. Additionally, both sites are free to sign and use. Nesterly and FriendWithA provide easy and quick access to their websites. Otherwise, both platforms provide you with an opportunity to make money online and earn. 

Nesterly FAQ


What is Nesterly?

Nesterly’s main aim is to make housing more affordable for everyone. The company uses technology to make it easy to share rooms with homeowners for a certain period. Nesterly also promotes cultural diversity by creating beneficial connections across generations and cultures. 

Where is Nesterly available?

Nester is available in Ohio and Boston. 

How much can you make on Nesterly?

You can earn up to $1000 per month by renting out extra spaces in your home online. 

How long does it take to pay homeowners?

You will be paid monthly via direct bank deposits. However, your earnings might take 2 to 3 days to reflect on your bank account. 

Does Nesterly share your information?

Nesterly has a strict privacy policy and does not share your information. 

Is Nesterly worth it?

Nesterly is a legit and reliable platform that allows you to rent out extra spaces in your home to earn money.

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Kate Starr

Dollarbreak

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