Rent Your Own Parking Space

Rent Your Own Parking Space

Money Making Ideas, extra income opportunities and stories to awaken the entrepreneur in you

Business Idea:

Making money by renting your own parking space.

Overview:

In England, Peasy.com matches up drivers with available parking spots so they easily park their vehicle in often-crowded locations.   Peasy.com is the online marketplace for car parking spaces. While renting parking stalls is not a very innovative idea in itself, Peasy’s approach is.  

Aside form giving visibility to commercial parking garages that are located near train and tube stations, town centers and sporting events, the company allows regular folks to make money off their unused driveway, garage or secure parking spaces.

To become part of the parking space network, space owners have to register and provide details such as the price charged, availability of the spot, and the length of the rental (daily, weekly, monthly).

Would be “parkers” can find a desired spot by login into the website, searching the available spots and reserving them online.  Patrons can even try to negotiate a better rate.  To protect the privacy of owners, searchers can't view exact addresses. Instead, they're given the street the space is on, as well as its postcode and location on a map. Once a reservation is made, the renter is provided with the detailed location of the stall and can even get contact information for the owner.

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