LogFAQs > #891154365

https://www.washingtonpost.com/news/where-we-live/wp/2017/11/27/some-are-finding-that-renting-out-a-parking-space-in-the-d-c-area-can-be-lucrative/

Turn your driveway into cash, touts the website, Parklee.com.

Park smarter, advertises the home page of SpotHero.com.

SPOT, a start-up launched in the Boston market, has already booked more than 1 million hours of parking time, according to its founder and chief executive Braden Golub. It is expanding to more markets, including Washington.

We help parking spot owners rent for a half-hour up to months at a time, Golub said.

Golub said individuals make up 50 percent of his app users. The other 50 percent is made up of various types of businesses.

Office buildings, grocery stores and retail can monetize empty parking spots, Golub said.

Companies may rent parking spots in their office building for employees but dont use those spots at night, Golub said. With our app, they can generate income from those empty spots and pay their own rental expenses.

Apartment buildings are also entering the parking business to generate extra income.

I found Park Monroe Apartments in Columbia Heights, located two blocks from the Columbia Heights Metro station in Washington, advertising parking spaces on Craigslist. Its list price is $125 for a month-to-month contract.

Interest in making money from renting parking spots has grown in the past few years.

No surprise that the person buying up parking spaces to rent them out lives in, or at least buys parking in, Chevy Chase. Is it you, @Darkman124 ? (I actually don' think you live in Chevy Chase but close enough probz)
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