There are so many different ways to earn money if you own land. If you own even a small piece of land, you might be surprised how creative you can be if your goal is to generate income using an existing asset.
Animal grazing
If your land includes fields and / or some wooded areas, you may want to check out the online and paper classifieds for your area. You will most likely be able to identify horse or cow owners looking for a space to graze their animals. What a fantastic way to earn money and if your land includes large areas of pasture the animals will keep the grass down so you can even save money!
Hunting rights
If you own land suitable for hunting, you can rent it out to hunters. This is one of the best ways to earn extra money. If you have large deer in your area, it is very likely that you will be able to charge a premium price for the rights to your land during hunting season. Best of all, you can charge by the person or charge a flat fee. You are in control with this, which makes it one of the best ways to earn extra money, while maintaining full use of your land during the off-season. If you have wildlife on your land, I recommend that you explore this income-generating possibility.
Storage
Have you noticed how many mini-storage rentals there are? If you have a building on site, this is also a potentially lucrative way to earn extra money. These days, no one seems to have enough space to store their stuff, making storage space a realistic way to earn extra income. It can even be a good investment to install a building if it does not exist. Those with an old barn could store four-wheelers or boats during the off-season, making it one of the easiest ways to earn extra money using their land (or trailers, caravans, snowmobiles, classic cars, almost anything you can think of). .
Camping
If you have flat, open terrain that would be suitable for pitching tents, you should consider the logistics of starting a basic camp. Depending on the current condition of your property, it is possible to start up a campsite with little initial money. Usually you only need stakes to make the sites, some fire pits, and a potty to get started. There are so many free and inexpensive ways to advertise these days, like Craig’s List and backpage.com, that you can at least place an ad and see what kind of interest it generates. If there is interest in your area, you have a fairly simple way to generate passive income without having to make a large initial investment or expensive maintenance.
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If your property includes wooded areas, it would be smart to get some quotes from different logging companies to see how much you could earn from the lumber. To preserve the value of the land, as well as for environmental reasons, I do not recommend such land. However, you may be able to record some of it and preserve some of the forested areas. You may want to look for logging companies that cut sustainably by selectively harvesting only certain types of trees. This protects the value of the land and reduces the negative impact on the environment. Just do a Google search for “sustainable logging companies” in your state.
Flea markets
If your lot is in a high traffic area, I suggest you consider renting it out as a flea market. Do you know how many small tables can fit on an acre of land? Even if you charge only $ 15 / day for each provider and have 20 providers in the first year, you are already generating an additional $ 300 / day, which is more than $ 2,000 / week. This is a very inexpensive way to make use of your land while helping local sellers and consumers alike. As usual, do a little research on logistics before you dive in.
Farmland
Depending on the types of agriculture that exist in your area, there may be larger individuals or companies looking to lease short-term or long-term land for agricultural purposes. If you have arable land, it might be worth placing an ad in local newspapers, as well as places like Craig’s List and backpage.com to see if you get any success.
Power leases
In this day of alternative energy, it is possible to earn money by leasing rural land to wind generation companies or others within the alternative energy industry. However, the details on this are too complex to cover in this article. I explore these topics on my blog, which you can access through my company website or check out other articles I’ve posted here on Ezine.com.
Paintball fields
Providing space for paintball “wars” is still a huge industry. If in doubt, just take a look at all the paintball fields linked through this website: http://www.pbreview.com/fields/ As you can imagine, it doesn’t take much to make your land rural and raw . “Done. Basically you just separate all or part of your land and rent it out to groups. Here’s an example of a privately owned paintball field: http://www.actionpaintballsac.com/
Conclution
Land is an asset especially for those who are creative and determined enough to generate passive income by investing the time and energy to start something. Just be sure to do the proper research before you begin, like finding out if you need a license or permit and putting periods in all the “i’s” and crossing out all the “t’s.” Good luck!