Renting Parking Spaces
If you have spare parking space you can transform it into a money- making resource. You might wonder how this is possible. For renting out your empty car park space you need to check various locations that are sought for parking. After this, you can decide if your space fulfills the criteria for being rented as a parking space. You can successfully rent out your parking space by listing it on a space listing website.
Due to an increase in the number of cars, finding a suitable parking has become quite a challenge. When people visit shopping malls or go to the office, they may not be able to find parking. Therefore there is a rising trend of renting parking spaces. You can rent out your parking space if you travel and your space lies vacant for short spans of time.
Some typical situations when people rent a car park are:
Near shopping malls or shopping strips
If your parking space is located near a shopping mall or a shopping strip, it will be sought after for rental purposes. This is because when people come for shopping they will enjoy the experience if they don’t have to waste time looking for a parking.
In residential areas
When people return home from work, they will not want to drive around in circles looking for a suitable parking. In such cases, they will not mind paying a rent in exchange for peace of mind.
If your parking is located in a business area
In busy business areas finding a parking during office hours is becoming a nightmare. There are office goers who are interested in renting parking spaces in such locations. You also have the option of renting your space to multiple tenants working in different shifts. This will double your income.
If your parking space is near a railway station or an airport
In most cities, the airports and railway stations are located quite far from the city. In such cases, if your parking space is located close to either of them, it will be sought for rental purposes. People will prefer to park their vehicle in the parking space and travel to the airport/ railway station by some other means. Some parking space owners even offer to provide shuttle service to the airport/ railway station.
In addition to this, you can rent out your spare parking space to people visiting your neighbours, restaurants in the neighbourhood, etc.
With so many options of renting out your parking space, you can only stand to gain by renting it out.
To find a tenant for your parking space, you need to list it on a space listing website with a high traffic.
It will be visible to a large number of seekers. Out of these, the interested seekers will connect with you. You can directly connect with them and rent out your parking space.
For those of you who have parking space available for renting in Australia, you can list it on Smarter Spaces.
