Make it straightforward for your self to lease a parking house

Reading time: 4th min

You have an empty driveway or garage. You need extra money. Put the two together and: voila! Rent a parking space. It’s a really easy way to make money – and now is the time to make money this summer.

Why renting out parking spaces is ideal

Making money with your parking space is not a new concept. However, this year it will be far more popular than ever. So this is a good time to start making money!

More people than ever are planning to spend their summer in the UK this year. Booking international travel has become a no-go in the near future – while it looks like the national lockdown will be lifted back home in time for the summer vacation. In addition, many want to travel to their UK holiday destination so they don’t have to use public transport and run the risk of being with a lot of people for long periods of time.

So you can make the most of this driving vacation! Your car park is the perfect deal for those looking for a place to safely park their vehicle for a few days (or more) while they are vacationing near you.

Longer term rental options

Of course, if you live in a prime location like a hospital, you can get the most out of renting your parking space all year round. You can either make money with a regular commuter who wants to park near their place of work – or those who regularly visit the area (have you SEEN hospital parking prices ?!).

Who can do that?

As long as you have a parking space that is not being used, you can rent it out. If you have a designated parking space in a residential parking lot or a driveway, that parking space is a money-making business.

The more space you have, the more money you can make! For example, if your drivetrain comfortably fits two cars (without blocking one), that’s double the potential income.

You don’t even have to be or be present at the time of parking! It only takes a little communication to finalize the parking contract, then it’s money in your pocket. No business experience required!

If you want to rent a parking space on your property, the first thing to do is to check your home insurance to make sure it doesn’t invalidate your insurance.

What kind of parking space is good for renting?

Anyone with a parking space can offer it for rent. The places that regular customers will likely be seen – especially during this year’s summer vacation – are likely to be:

  • Coastal cities
  • Historic cities (especially those with pedestrian zones and only parking outside the city!)
  • Areas near popular vacation spots or tourist attractions
  • Parking spaces near train stations (this one can get you a regular customer!).

If you have more space than most, you can even win RV and RV parking overnight!

Find trustworthy customers

Some people rely on posting a notice on their local newsagent, on a Facebook group, or on the NextDoor app. That’s fine, but you might find you’re out of your pocket. For example, someone might refuse to pay after using your space. You are also unlikely to guarantee a steady income this way.

With so many out-of-towers expected in busy tourist areas like the coast and historic towns in the UK this summer, posting local notices isn’t going to attract a regular base either!

The best way to make sure you’re promoting your space, getting reliable customers, and (most importantly) getting paid is with a hosting service.

How EasyParking works

The easyParking app connects parking spaces with those who need them! As a host, it’s really easy to use. You register with easyParking and enter your payment details via Stripe.

Then your place will be listed in the app. If someone wants to park near you, they can choose your spot – and they’ll pay in advance. That means you get a guaranteed payment for every parking booking. It also helps you manage parking bookings – to avoid disasters like double bookings.

Using a hosting service like this will connect you to the customers you are looking for – without much legwork on your part. Once your space is in the app, it’s there for anyone looking for parking spaces near you. The booking process is easy for park customers and the hosts (that’s you!) Get paid instantly so you don’t have to argue about money.

How much does it cost? A tiny 10% of your booking. When you consider how much it costs (let alone the time and effort!) To regularly find customers on your own, it’s well worth the fee!

The tenants

The advantage of the easyParking app for tenants (and thus for you as the host) is that they can search for your space on the go – maybe even on the trip to the area in which they want to park themselves!

All they have to do is search for parking spaces, book with a few simple clicks and then park. It’s that easy.

You can download the app here from the App Store or here from Google Play.

More ways to make money from home

Want more ideas for making money from (or from) home? Try these next!

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