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.