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Renting Parking Spaces- A New Fad

Car parking is required wherever a person travels in his car. Near his office, when he goes shopping etc. People, generally end up wasting a lot of time looking for suitable parking space. Parking stations are not only very expensive but also generally full. So if people can rent a parking space in an area they frequent, it takes a big burden off their heads. They can now travel to these places without the stress of having to find a parking spot.

In these economically turbulent times, any kind of income is welcome. People are renting out their extra parking which could be in their driveway, or a parking garage to tenants looking for a secured car parking space. Parking rental can be of two types- short-term (pay as go) type or long term (daily, weekly or monthly)

Some of the parking needs of people are:

  1. People need parking spaces near their homes.
  1. Parking spaces are also required if people need to park near an airport or a train station and travel frequently.
  1. Parking is a problem when you are attending a sporting event or a concert.
  1. Temporary parking is required when you need to park your car somewhere overnight.

There are professional firms which cater to the parking needs of people too. They provide basement parking in residential areas. They even provide parking near busy airports and provide free shuttle services from the parking to the airport.

Rental of parking space has become a flourishing business these days. If you have space in your garage or on your driveway, you can easily convert it into a source of regular income. The location of the parking space is very vital in determining its demand and the income it generates. A parking space located near a train station, airport or shopping mall is more in demand and so it yields better returns. Although the income earned this way is not very high, but it is an income without any kind of investment.

Finding a suitable parking in Melbourne in an area which people frequent can be an uphill task. If a person cannot find a legal parking slot, then there are chances that he can be fined also. The parking rates of the parking stations are exorbitant. At such times, parking space provided by individuals comes as a relief. This is because the person is able to park his car at a lower rate and can go ahead with his work without any stress.

If you have a parking space available in such a place in Melbourne then you can easily turn it into a source of income. You can list  this car parking space on the leading space listing website, Smarter Spaces. This site charges a nominal fee and enables you to reach a large number of clients across Australia. Using this site is hassle free and they provide you additional listings on social media sites like Facebook, Twitter, etc at no additional charges.

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