Thursday 23 January 2014

I Need Money Right Now (7/25) - Rent Out Parking Space

This blog is devoted to finding millionaires, billionaires and rich people who give money away. However, from time to time I get emails from readers asking me if I know of ways to make money really fast. Due to reader demand I decided to write a series of blog posts titled I Need Money Right Now, this is the seventh installment. The posts in these series offer ideas to individuals and households who want to supplement their income. These money making ideas are simple and quick which means anyone can do it if they put their mind to it.

Be sure to bookmark this post and feel free to check the other posts out in this series. Also feel free to share the content and leave a comment below as it's always good to hear from a satisfied reader. 

Before I start the post I would recommend that you check for any financial help that may be available from the Government. You should visit the USA.Gov site where you will find mortgage assistance programs, food stamps program, weatherization programs and even help with military financial assistance. 

I Need Money Right Now

Compared to a decade ago more vehicles are on the road. A typical family now has 2 vehicles in their household, most of these vehicles are clustered around the city which means that there is a huge demand for parking space. Other factors such as grand theft auto have left motorists demanding better parking facilities for their cars. With demand so high motorists are now willing to pay a premium to park their car in a safe neighborhood.

Meters aren't for commercial districts only anymore - Photo Credit Panchenks/Flickr 
Make Money Quickly Renting Parking Space

If you're desperately in need of money and have a parking space available you should entertain the idea of renting the space out. If you live in a safe neighborhood which is very close to the city center you will find that there is incredible demand. If you have a garage you will be able to charge even more.

If you need money right now you should put an advertisement on the internet offering your parking space for a reasonable rate. Depending on where you live you could charge anything between $10 and $50 per day. You can charge a higher premium if you're near the city center living in a safe neighborhood with a secure alarmed garage.

If you're not near the city center you could put an advertisement in the local paper or distribute leaflets in your community advertising your parking space. If households have more than one car there is a possibility that they might want to use other peoples parking space rather than parking off road.

Renting your parking space is a great way to earn additional income. If you parking space this is in demand you could make regular monthly income that could supplement your earnings. The key is marketing your parking space effectively so you can reach as many people as possible.

If you've found this post useful please share it with others who might benefit from it, feel free to leave a comment as its always a joy to hear from readers.


  1. Feel free to leave a comment below if you found this post useful.

  2. Hi, I agree, renting out your parking space is a great way to earn extra income. Another useful website Parking Lodgers offering free advertising and plenty of guides and tip to renting out or renting a parking space

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