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If you have an unused parking space or private driveway, why not rent it out? It’s a great way to make some extra money with a reliable passive income source, and it can be surprisingly easy to do. Here are the top 5 reasons you should rent out your driveway with spotKEEP:

1.) A great way to earn extra income!

If you’re looking for passive income ideas to earn extra cash, renting out your private parking spot is a great option. Specifically, you can rent out space on your driveway or even in your yard (anywhere on your property). Renting out your private driveway is easier than investing in rental properties yet still provides rental income, acting as a passive income strategy. Additionally, you can set your own rates, and depending on where your parking space is located, you could potentially make a lot of money. You can improve your listing by providing personal services such as monitoring rental activity via your home security cameras. This is especially true if you live in a popular location such as downtown San Francisco, near an event center, or even within a popular beach town.

2.) Much easier than you think!

There are a number of companies that provide an easy-to-use platform for renting out parking spaces. However, spotKEEP stands out amongst its competitors for a few different reasons. For one, they have a very simple and user-friendly platform. This makes listing your spots easier than ever before. Also, spotKEEP is offering its Hosts 100% commission on their listings for a limited time, a guaranteed passive income stream, and cash flow. This is unlike other peer-to-peer applications that usually take upwards of 10% or more per transaction from the Host. Finally, our sign up process is very easy and can be completed in less than five minutes with no upfront investment or hidden fees (terms & conditions apply)! Now, all you need to do is sign up, list your parking space, and start earning a quick source of income to lead you towards a path of financial independence.

3.) A wonderful way to help others!

If you live in a city or an area with limited parking, you can help out your community by renting out your private parking spot. This will free up some much-needed parking for other people, and it could even help them out financially if they’re able to avoid getting a ticket for parking in a no-parking zone. By renting out your private parking space, you’re helping others who may not have access to convenient or affordable parking which is a great financial investment. You can make someone’s day by making it easier for them to find a place to park for any period of time using fair market pricing. We understand that parking can be a very stressful and time-consuming event. According to CNBC, the average United States’ citizen spends an average period of 17 hours a year looking for a parking spot! Your time is precious and here at spotKEEP we understand that. This is why, with our application, you are able to reserve a parking spot months in advance!

4.) Great for the environment!

If you’re concerned about the environment, renting out your private parking spot is actually a great way to be eco-friendly. Renting out your private parking space can actually help reduce traffic and pollution. As we mentioned above, nearly 17 hours a year per person are wasted simply by searching for a parking spot. If you multiply this by the number of people in the United States, the amount of time is astronomical. Not only is time wasted, but this means emissions are being released into the air while people search for a spot. By cutting down on the total time it takes to find a spot, we can reduce carbon emissions drastically. That is one of our main goals for spotKEEP. We do not want to be another company that does business with no regard for the environment. At spotKEEP, we believe in sustainability and we built our company/application with this in mind. By making it easier for people to find alternative parking options on the go, you’re playing a key role in making the world a cleaner place.

5.) It helps cities function to their max potential!

SpotKEEP does not only help individuals, but it can also help the largest urban areas within the United States (cities). By giving individuals the ability to monetize their unused driveway space, we help reduce the need for the city to build additional parking infrastructure (such as parking garages or surface lots) by renting out your asphalt driveway. This can save the city money on construction and maintenance costs. Parks and or public buildings can be built in those unused areas instead! Additionally, our app helps to reduce traffic congestion and improve air quality by reducing the number of cars on the road. We all know how terrible the traffic can be downtown, especially on weekdays! Overall, spotKEEP offers a cost-effective solution for cities looking to address their parking needs. We hope to see many cities in the near future partner with spotKEEP. This will create a better overall experience for its residents and for those visiting.

As you can see, renting out your driveway (private parking spot) has more benefits than one would initially perceive. It offers the opportunity for extra income, is very easy to use, and provides a way to help others who may need a convenient and affordable parking option. Additionally, it promotes sustainability by reducing the need for cars to search for parking and contributes to the overall reduction of carbon emissions released into the air. Moreover, it helps cities by reducing the demand for new parking infrastructure, which can be costly and environmentally damaging to construct. Overall, spotKEEP can be a win-win solution for both individuals and the communities who adopt it.

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