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Parking Space Rental

Parking Space Rental

💸$120/month
Real Estate & Construction
📚Details
In order to make money through parking space rental, one must find a desirable location with little to no competition and high demand. Once a spot is secured, the next step is to price the parking space appropriately. Lastly, it is important to market the parking space in order to attract customers.

📌Details
Category:Real Estate & Construction
Location:Hybrid

💰

You can make an average of $120 per month by renting out your parking space.

🤔Requirement
To start a parking space rental business, you'll need a parking space (or multiple spaces), the right permits and licenses, and insurance.

⚠️Potential Risk

If you're considering renting out your parking space, there are a few risks to take into account. First, make sure your insurance policy covers you in case of any accidents or damage that may occur while your space is being used. Additionally, be sure you're clear on all local laws and regulations regarding parking space rentals, as there could be hefty fines for non-compliance. Finally, be prepared for the possibility that your tenant may not keep up with their payments, leaving you out of pocket. Overall, there are a few risks to take into account when renting out your parking space, but as long as you're prepared for them, it can be a great way to earn extra money.


📋Places to Start
1. Justpark Parking — a parking app that allows you to find and book parking spaces in advance, as well as rent out your own parking space to others. this can be a great way to make some extra money, as you can set your own rates and availability.

2. Spothero — an app that connects people who need parking with people who have parking spaces available for rent. It's a great way to make money with your parking space!

3. Vanly — a company that helps people rent out their parking spaces. this can be a great way to make money, as it can be difficult to find parking in some areas.

4. Parklet — a platform that helps people rent out their parking spaces for extra income.

5. Park On My Drive — an online marketplace that helps people rent out their unused parking spaces. It is a convenient way to make extra money, as well as helping people who need parking find a space.

6. Yourparkingspace — an online parking space rental marketplace where people can list their spare parking spaces for others to rent. It is a great way to earn extra money by renting out your unused parking space.


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