Fat Llama Review 2023 – How Much Can You Make?

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How Does Fat Llama Work?

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Fat Llama was founded by Chaz Englander, in England, the United Kingdom in 2015. It’s a peer-to-peer rental marketplace that allows people to rent spare items to others nearby, fully insured. 

With Fat Llama, you can put up items for rent on the platform and easily make money. You can put up various items that people can rent and charge them a daily rate for renting that item.

How Much Can You Earn With Fat Llama?

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How much you can earn with Fat Llama depends on the type of item you are renting out, its value, as well as the demand for that item. 

Items for rent can be anywhere from $10 to over $1,000 a day. Some lenders are earning $10,000 a month from renting out their equipment.

Here are some of the examples currently listed on the platform in Los Angeles:

Fat Llama Reviews: Is Fat Llama Legit?

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Fat Llama has a 4.2-star rating on Trustpilot, a 4.1-star rating on Apple App Store, and a 2.5-star rating on Google Play Store.

Customers have rated the app highly for being easy to navigate, providing access to many potential buyers, and paying renters on time.

Some customers have raised complaints about the app not loading, not getting notifications from the app, having items damaged, and having to resolve the issue out of pocket.

Who Is Fat Llama Best for?

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Fat Llama is best for those who have items they do not need and would like to make money from by renting out to potential renters on the platform. If you are looking for a side hustle that lets you rent your stuff, Fat Llama will benefit you most.

What Can You Rent With Fat Llama?

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On Fat Llama, you can rent out almost anything on the platform. Let’s review the categories of items for rent on Fat Llama.

• Film & Photography
• Audio Visual Equipment
• Projectors & Screens
• Drones
• DJ Equipment 
• Transport
• Storage
• Electronics
• Party Events
• Sports
• Musical Instruments
• Home, Office & Garden
• Kids & Baby
• Holiday & Travel
• Clothing

Fat Llama Benefits: What Does Fat Llama Offer?

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Make Money Online

With Fat Llama, you can easily make money online by renting out items to potential renters. You easily and seamlessly earn a daily rate for each item that you rent out.

Quick Payments

Fat Llama pays owners within 24 hours of the start day of the rental. The money will usually be paid into your account within 3-4 working days after the start day of the rental.

Set Your Prices

You are in complete control of how much you want to charge per day for each item you rent out. With Fat Llama, you get to set your prices and be in full control of how much you earn per day.

Fat Llama Fees: How Much Does It Cost to Use Fat Llama?

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Fee	Cost
Listing Fee	Free
Service Fee	25%

Fat Llama Requirements?

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Getting started with Fat Llama is simple. All you need to do is create an account by providing your basic information, including your full name and email address. You will also need to upload your bank account details to ensure payments go through.

Fat Llama Payout Terms and Options

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Fat Llama pays owners within 24 hours of the start day of the rental. The money will usually be paid into your account within 3-4 working days after the start day of the rental. Payments are made via direct transfer through Stripe.

What Are the Fat Llama Pros & Cons?

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Fat Llama Pros

• Free to sign up
• Set your prices
• Passive income source
• Rent a wide range of items

Fat Llama Cons

• 25% service fee
• No guarantee of people renting your items 

How Good Is Fat Llama Support?

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Fat Llama has a very detailed and extensive FAQ page with many articles in various categories that answer the most commonly asked questions by users in depth. 

If you still have a question for Fat Llama, you can contact them by emailing them at [email protected] or using the Support Triage chat option on the website.

Fat Llama Review Verdict: Is Fat Llama Worth It?

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If you have items that you no longer need and would like to rent out to make extra money, Fat Llama is worth considering. While it’s completely free to sign up for an account on Fat Llama, the platform will charge you a 25% service fee. What’s good, you can set your own prices for your items and get paid within 24 hours of getting a rental.

How to Sign Up With Fat Llama?

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To sign up for an account on Fat Llama, simply:

1. First, click Sign up in the top right-hand corner of the homepage. You can sign up with Google, Facebook, or your email address.
2. Enter your phone number.
3. Finally, complete your profile by uploading a profile picture and adding a brie bio about yourself.

Once you’ve created an account on Fat Llama, you can start posting your rental listing. 

When creating your listing, you will be asked to include the following:

• Photos of your item
• A title for the post
• Category of the item
• Description of the item
• Postal code
• Rental price
• Item value
• Quantity
• Dates available for rent

Sites Like Fat Llama

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Fat Llama vs. Neighbor

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Both Fat Llama and Neighbor allow you to rent out your items or extra space to potential renters. On Fat Llama, you can rent out an item for a daily fee, while on Neighbor you can rent out storage space. With both of these apps, you can post your listing and earn money from the renters.

Fat Llama vs. FriendWithA

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Fat Llama allows you to list your items out for rent by the day, while with FriendWithA, you can list your gear for rent at an hourly rate. With both of these apps, you can rent out your items or gear by the hour or day to make an additional income.

Fat Llama vs. Airbnb

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With both Fat Llama and Airbnb, you can rent out either your items or space for renters to use and earn money online. Fat Llama allows you to rent out your items for the day, while Airbnb is a vacation rental app, where you rent out your property or rooms for a nightly fee. You can earn extra money from guests and renters with both of these apps.

Fat Llama FAQ

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What is Fat Llama?

Fat Llama allows you to access items without owning them by renting them from people in your neighborhood. 

The platform’s mission is to enable people to share and monetize their unused possessions, increasing the efficiency of both the consumer and the planet’s resources.

Fat Llama has been featured in Forbes, The Times, BBC News, and more.

Does Fat Llama have an app?

Yes, Fat Llama does have an app that you can download for free from your App application.

What percentage does Fat Llama take?

To ensure that Fat Llama can operate their features of the marketplace, the platform charges a service fee on all transactions of 25% from the owner and 25% from the renter.

Why do I need to estimate the value of my items?

When you list an item for rent, you will need to estimate its value so that Fat Llama can verify the transaction, and cover up to the amount listed in the event that you have to claim on the Owner Guarantee.

What is the Owner Guarantee?

The Owner Guarantee will cover some costs of damages and non-return claims for rented items. The amount covered depends on your location, the value of your item, and the damage done to the item.

How much does it cost to rent on Fat Llama?

It is free to post a listing on Fat Llama however, the platform does charge a 25% fee.