Published on October 17, 2022
How to rent your parking space?
Need some extra cash in these difficult times? Renting out your parking space can be a great way to boost your income.
Parking spots and parking spaces are not a problem in big cities but how to rent your parking space if you’re dealing with one of the homeowners in such cities is a different story. If you intend to rent a parking space from homeowners, you will have to think hard about doing so. In big cities, there are plenty of companies and deals in Canada that offer to rent a space. They also promise to provide you with a good parking area while renting out space. If you have a car or own a small business, or are a student, then these deals in Canada can prove to be the best option for you.
Ready to start making money with your parking space, let clicknpark guide you?
What to do to rent your parking space?
There are some things to consider before offering your space to the highest bidder. Should you register the place through a third-party service or try to fend for yourself? And how much can you realistically charge for parking?
If you have an unused parking space but don't know how to find a tenant, there are many solutions, including clicknpark.com, which matches owners of empty parking spaces with tenants willing to rent them.
“Our platform facilitates the process of registering and advertising your free place and managing payments. In return, we take a percentage of what you earn by renting the place."
Do your research well
If you are looking for the process to rent your parking space in the future, being a resident of a particular condo or residential unit, then you should be prepared to do a lot of research. Many people have found that renting out such services followed by good deals is the best option available. Not only will they help you out with finding a parking space, but they will also get sure that your vehicle is parked properly. Many such companies also offer free or complimentary life insurance for their clients. The clients must read the terms associated with the free life insurance to check if everything is mentioned appropriately or not.
Take a lead with the help of a professional
When you want to find out various deals to lease or rent parking space with a driveway for free, you should first ask yourself whether you have regular customers or drivers at your space or condo. If you don't have any regular drivers, it may be difficult for you to keep up with all the requirements. This may mean that you have to use an app or hire a company or go for certain reviews that provide such services. The advantage of such a service or app is that you will always know the deals to rent your parking space. You will have to make your payments every month. This will ensure that with this best way, you never miss a payment.
Monitor space you need for renting out your driveway
One of the main tips to rent your parking space is to think about how much space you will need for your vehicle. If you are going on vacation, you may not need a lot of room, but you should still make sure that you are not taking up too much space. If you are using the spot for a few days, you do not need to pay a lot of extra money to have the spot rented out. You can save money by simply looking around at cars parked in the spot that you are going to be using.
Consider the time frame for which you’re renting out your car parking spaces
If you remain a student or an employee at some company, you should consider how long you plan to use your parking spaces with a free driveway during the day. Parking lots can also be rented for short periods if you’re a student. In some scenarios, you may even find that they can be rented for just a few hours. There are many parking spaces, which are available near hotels and airports throughout the day.
Get the services on the go by operating online
If you are thinking about how to rent your parking space, then you will have to contact the company through the internet. You can even stay updated with daily news and real-time news updates to know about the recently available offers. This will allow you to rent your parking space online. This makes it easy for you as well as the company to manage the payments and so on. Once you have made your payments, you can then use them for future meetings.
Keep track of any additional fees associated
It is easy to get confused by finding out the process of renting out your parking space on the Internet. A student may think that he/she is doing the right thing, but the student may end up paying more than he/she actually should have. Before you get a company to rent out your parking, you should make sure that you read all the terms and conditions associated with the deal and the money to be paid and the rules to be followed. This will ensure that you know what you are paying for and how much you will be charged for it. In some scenarios, there may be additional fees in July or any other month, which you have to pay for before you can rent a space from the company.
Don’t forget to keep the distance & traffic scene in mind
When you are looking for tips to rent your parking space, you should take the distance that you will need from your home into account. You can also take the amount of traffic into consideration. If you drive through a busy area, it may not be practical to rent a space located in a highly congested area. This means that you may want to look at other parking options in less heavily traveled areas. You can also find tips to rent your space or garage if you will be driving through an area that has increased car traffic since you last arrived in town. You can often find good rates when you are looking at other spaces that are less congested.
Compare the pricing among different companies
When you find out how to rent out your parking area, you should list a few companies you are considering. Then you should take the price that they are offering and compare it to other companies that offer the same type of parking space. The best way to do this is to look online at a few different places. This will help you understand how much different companies are charging for the same type of parking space. It turns out to be always advisable to keep track of the money you are paying, the rules you are following, and the ease you are getting.
Opt for a platform or company with the best reputation
Now that you know how to rent out your parking space, you will need to choose the company you want to rent from. You should make sure that you are doing the right thing by renting your space from a company that has a good reputation. Besides, you will also need to check the payment methods that the company offers. In many cases, you may change the payment methods you have once you find out how to rent your parking space.
The final say
You should think about the cost of parking before you decide to rent a space or garage. If you get to only visiting for a short period, you may not necessarily need to pay the very best rates. However, if you will be staying in the area for a while, and you will be using your space for business trips and other events, it may be more worth your while to spend a little more money to rent your space. There are several tips to rent your parking space so that you will find a rental that suits your budget.
How to rent your parking spots?
Need some extra cash in these tough times? Renting out your parking space can be a great way to increase your income. If the parking is difficult where you live, then you can earn between $80 and $100 a month, or even up to $200 a month, by renting a parking space. This type of parking rental has grown tremendously in recent years.
How do you go about renting your parking space?
There remain a few things to consider before offering your space to the highest bidder. Should you list the space through a third-party service or try to do it on your own? And how much possibly can you reasonably charge for parking?
If you've got an unused parking space & don't know how to find a tenant, there are several solutions. clicknpark.com tops the list, which matches empty parking spaces with tenants willing to rent them.
"Our platform facilitates the process of registering and advertising your and manages the payments. In return, we take a percentage of what you earn by renting the space."
What is information on duration, dates, rice, and space?
To list your parking space for rent, you have to be a member of clicknpark. You can determine the price and duration of your parking space. You can also select the exact dates when your parking space is available and when you need it yourself. When determining a rental price, we will be happy to advise you on a reasonable price based on other rentals and parking rates in your area.
When you decide to list your space for rent on clicknpark, we ask for some general information about your parking and some details so that your listing can be considered by an eager tenant looking for a similar space. The questions are related to the size of your space, the size of the aisles, and the process through which the tenant can access the space.
You can mention when your space is available, such as between 7 AM and 7 PM while you are at work. This is a popular option for many of our guests who work during regular business hours and park on-site. This means that their driveway is usually free throughout the workday. This is a perfect scenario for parking seekers who work in the area where you live or for people who regularly visit your neighborhood.
Create your Clicknpark account!
Add photos of your parking lot
Our most explored listings show photos of the space. Tenants want to see the type of space offered before confirming their reservation. To make booking your parking space quick and easy, upload at least three photos that show what your space looks like and the type of vehicle access it offers. The same goes for dimensions, especially for those with large cars, specific dimensions are important and allow a potential renter to make a quick and informed choice about your space, and they will be more likely to book it on the spot.
Any other details about your driveway are always welcome. More information allows tenants to be better informed and more likely to book on the spot. There may be additional features, such as video surveillance, proximity to public transportation, local amenities such as shopping centers and airports, and public driveway access, such as whether the driveway is steep, flat, or has a narrow entrance.
How long does it require to be approved?
We proceed to review the parking offer you have proposed and (normally) approve and publish it within a minimum of 24 hours. When you start receiving reservation requests, respond to them promptly; the sooner you respond to reservation requests, the better the driver can prepare.
Once you have rented your parking space to a driver, you can always give clearer directions by email or phone depending on the situation; you can find their contact information via your account dashboard.
Clicknpark is the easiest way to earn money with your free parking space. Click here and create your account.
Who sets the price of my parking space rental?
You can determine the price of your parking space rental. We recommend that you consider the location, surrounding businesses, restaurants, etc., in the area when determining the price. The higher you choose your price, the more competitive your parking space will be. If you remain unsure or would like advice on how to rent your parking space successfully, you can call us at 1-855-979-7275 or email us at help@clicknpark.com, and we will recommend a reasonable rental price.
How do I receive payment when I rent my parking space?
When a driver wishes to rent your parking space, he/she needs to process a reservation request through our website. Once they have confirmed their request, we will pre-authorize their credit card. Once you accept their request for your shared parking space, their credit card will be charged.
How to prepare and rent your parking space?
Preparing your parking lot for potential tenants will help you reserve your space as quickly as possible, which will help you make more money.
Tenants want to see that your parking lot is clean and ready for their vehicle. Before you take pictures of the space, you'll want to clean it up. Throw away any debris on the sides or corners and sweep it up briefly so the floor is clean because you want your parking space or driveway to make a good impression on potential tenants.
How much can I charge for my parking rental?
While considering a rental opportunity, your location turns out to be the most important factor. Outdoor parking can rent for $200 to $500 per month, while indoor parking can cost $100 to $300 per month.
How to respond to messages and inquiries?
As soon as your listing is viewed, you will receive messages from potential tenants with questions about your listing. To proactively respond, consider adding as much information as possible to your listing description. Mention sharp turns, access limitations, and amenities.
Renters may also want to see the place in person before booking, especially if they want to park a sports car or other expensive, long-term vehicle. While you are encouraged to show the space, you can get around by adding more photos and a video.
By creating your account, you will be able to consult the numerous ads on our website to take help.
What is automated billing?
Clicknpark takes the stress out of paying parking space rents by automatically billing tenants each month for your parking space rental. Plus, with payment protection, you can be sure you'll get paid on time every month, even if your tenant is late. Your payment is then securely deposited directly into your bank account.
Ready to begin making money with your space or your driveway?Rent out your parking spots and make money. List your ad here.
Get the app to make booking even easier.
With our super friendly app, you can take full advantage of clicknpark’s many ways to take the stress out of parking.
- Prebook spots close to your destination from your phone instantly
- Mark your favourite spots and log in different cars
- Get directions and instructions about your reserved spot