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In the event that you live close to enormous shopping buildings, the downtown area or may be even an air terminal you could be coming down in the money since individuals are prepared to pay for helpful parking spots.
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Renting Out Your Garage Did you know that the parking spot in your garage that is just lying there can help you make 500$ a month at zero cost? Yes, you heard that right! If you have a parking space that is vacant during the day because you take your car to work you can rent it out. Some people own parking spaces but don’t own a car and have a space lying around gathering dust.
That could create a stream of passive income for you and your family. All you need to do is rent it out for someone to make use of it. If you live near large shopping complexes, the city center or perhaps even an airport you could be raining in the cash because people are ready to pay for convenient parking spaces. Let me share some tips on how to get started.
1. You can start by listing your parking on a classified website that is designed for renting out parking spaces and storage spaces. 2. Decide on whether you want to provide your space for short term (certain hours in a day) or long term (which can be for several months). 3. You can check out what other people are offering and set your rates less by 50$ or so to level with the competition.
Conclusion: I cannot emphasize more on how good renting out parking spaces can prove to be as they generate consistent cash flow which only increases with time. When you list with websites some of them even provide insurance cover that can help you in paying for any damages caused by a renter. Like Robert T Kiyosaki quotes, “Find ways to make money work for you” so what better way to make that asset turn into cash flow.
Contact Us Hopper Stock Phone no: +1 216-952-2512 Location: Ohio, USA https://hopperstock.com