After moving to New York, the girl started working part-time by renting out her clothes.

25-year-old social media specialist Gabriella Levinson moved to New York in 2023. Here she was forced to start renting out her clothes. This made it possible to make ends meet. Now it is part of her business with a monthly income of up to $2,000.

The first alarming signal for her was filing her first tax return after graduating from university, writes xrust. The document revealed the cost of living in the city. In a conversation with a friend, she learned that she earned $200 in a month by renting out her own things. It was a friend who advised her to earn this extra income.

The girl decided to take a risk. “I was genuinely surprised by the idea that existing things could generate additional income,” she says. She rents out hundreds of products. Among them, for example, is a designer dress from Michael Costello. It sells for $300 at the boutique. A week's rent brings her $55. The cashmere fur cape she bought for $1,000 alone earns her $150 a week.

She noticed that demand fluctuates seasonally, increasing during the holidays, wedding season, vacations and summer events. With all this, such a business has become a stable source of income for her.

The benefits are not limited to just financial benefits. According to her, renting things freed up part of her rented housing, which does not have excess space. She notes that renting things is still a lot of hassle. You need to control returns, send things to dry cleaners, and do much more.

This business radically changed her consciousness. She used to value clothes very much, now she perceives them as a means of self-expression. She began to attach more importance to the practicality of things.

Some statistics on the trend

According to the Industry Research Online Clothing Rental Market report, approximately 34% of young shoppers used online clothing rental services in the past year. Indeed, Brian McMahon, CEO and co-founder of New York-based resale app Pickle, told Reuters that younger generations are actively taking advantage of renting out their clothes. Some earn up to $5,700 monthly from this.

Key takeaways

Your wardrobe can become a financial asset. By renting out clothes you already own, you can turn unwanted items into an additional source of income. Renting is a smart alternative to an expensive one-time purchase. For special occasions such as weddings.

Xrust After moving to New York, the girl started earning extra money by renting out her clothes